Trump Tax Plan Unveiled

[Will Hunting]

So no valid criticisms? Okay then.

My post was a valid criticism. The articles claim that the middle class increasing its share of wealth in the 1930s as an example of trickle down economics working deliberately ignores how much programs in the New Deal had to do with wealth redistributing from the top to the middle. It's complete revisionist history.

[tlongII]

My post was a valid criticism. The articles claim that the middle class increasing its share of wealth in the 1930s as an example of trickle down economics working deliberately ignores how much programs in the New Deal had to do with wealth redistributing from the top to the middle. It's complete revisionist history.

Bull . The point of the article is that innovation drives wealth increases for the masses. And that is true.

[florige]

Oh! A guy who spent his entire life lining his pockets with middle class money has convincing reasons why economically screwing the middle class ultimately helps them! What a surprise!

Maybe next you can link to an article en led "Why Date Rape Drugs Are Beneficial For The Female Immune System" by Bill Cosby.

[pgardn]

LOL debt only ever matters to the party not in power in this nation

Debt matters when the world market perceives this country is in economic and political trouble. When the stability of the US is questioned, debt will matter a whole lot. If you had Boots view of the US, then we would be in big trouble because of debt.

Which in itself is a fairly amazing thing. We have a president who cannot be trusted to be accurate in anything he says. Yet because of our clunky, inefficient democracy sharing power, Trump is reigned in. This has not gone unnoticed by the rest of the world. It's quite an amazing thing that our ins utions are strong enough to withstand what appears to be extreme incompetence. I find this amazing. And who knows, maybe Trump will learn even more about the difficulties, acknowledge them, and move forward.

[pgardn]

What world view is that? Boots' view is from that of a loner with hints of sociopath.

If the shoe fits...

step in it.

[monosylab1k]

Anger is easier than happiness.

You and Boots, opposite side of the political spectrum, same worldview.
Its beautiful.

What world view is that? Boots' view is from that of a loner with hints of sociopath.

If the shoe fits...

step in it.

[pgardn]

just another reason why General Sherman should have finished the job

Today He he would need to invade the West other than California, Pennsylvania, Wisconsin, Ohio, ...

[pgardn]

another classic

No, no no.

The table is slanted, the right side is up real high.
Then the Oreos slowly, but surely, trickle down left.

[boutons_deux]

A LIE, of course

Trump claims he will 'probably pay more' under new tax plan


the Times concluded that Trump could save $31 million from repealing the Alternative Minimum Tax, which accounted for 80 percent of his total 2005 income tax payment.

Another sizable area of savings could come from Trump's proposal to allow some individuals to qualify for a reduced tax rate of 15 percent.

That change could influence a number of Trump's businesses, and save the president $10.4 million on business income and $16.6 million on real estate and other income, based on the analysis.

http://thehill.com/homenews/administration/331190-trump-claims-he-will-pay-more-under-new-tax-plan

[RandomGuy]

http://economyandmarkets.com/economy...-middle-class/

Basically:

"nuh-uh, it does too work".

No data sets were presented at all. NONE. ZERO. ZIP. NADA.

That website is merely a vehicle to fleece dumb people with useless investing advice. This kind of pabulum is, to me, obviously clickbait weaksauce, intended to drive traffic.

Is this the kind of thing that drives your thinking? On a scale of 1 to 10, ten being best, how well do you think the author supported his assertions with evidence and data?

[RandomGuy]

Politicians and economists get many things wrong, but right now, the one thing that really gets up my… let’s keep this clean and just say, nose… is how clueless they are about “trickle-down economics.”

Republicans believe it. (They just don’t realize how long it takes and that it isn’t happening yet from the information revolution.)

Democrats don’t.

Sorry Democrats. You’re wrong.

I showed you last week how income inequality rose to extremes in 1929 and then fell to its lowest point into 1975-1978. And how it has risen to extremes again, which is why it’s such a political hot potato right now.

It’s clear that technological innovations and other economic drivers trickle down to the average Joe. It’s just hard to see because it doesn’t happen quickly. It takes decades!

The top 10% peaked in 1928, taking home a whopping 49.3% of the income! The bottom 90% had to fight over the remaining 50.7%.

But, they began to gain modestly in the early 1930s, while that top 10% saw its share of income fall to 32.5% by 1944 (see why I warn that the economic winter season will hit the rich harder than Homer Simpson?).

Then they enjoyed a sharp rise in income, and the rise of a broad middle class, during World War II.

From there, they lived in a “golden era” into 1978, with income shares largely between 67% and 68%.

This happened thanks to trickle-down economics.

This rise of the middle class came on a long lag from the great innovations of the late 1800s into the Roaring 20s.

Electricity and telephones emerged around 1900, the Model T in 1907, the all-important assembly line in 1914, and the modern corporation and radios in 1921 (notice the seven-year cycles).

The rich were moving to the suburbs into the 1920s. But the middle class finally made that massive shift only after WWII.

This new suburban lifestyle wouldn’t have been possible without electricity, cars, phones and telephones… and then radios and TV to follow. All of those innovations allowed people to enjoy a safer, more spacious and affordable lifestyle and higher wages.

Like I said: clearly trickle-down economics works.

And it stems from innovations and investments in radical new technologies. The emerging middle class themselves had little to do with the dramatic rise in their standard of living (sorry Homer).

Instead, they can thank innovators like Henry Ford for that. His first assembly line plant increased the productivity of his workers by 10 times. And he doubled their wages to $5 an hour so they could afford to buy his Model T.

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So to clueless economists and politicians, I say: history is all about technology trickling down. Everyday workers don’t change as much as technologies change their work. It’s been that way with the first factories, the cotton gins, the assembly line, and the Internet today.

And this innovation occurs in the economic summer and fall seasons (as I showed you last week).

Then they trickle down in the economic winter and spring seasons.

Innovation favors the entrepreneurial and financial classes – the top 0.1% to the top 10%.

The trickle down favors the middle class and the broader bottom 90%…

Yes, without the risk-taking and innovations of the upper class, there wouldn’t be a middle class (take that Democrats!). But the extremes that always occur at the end of the economic fall bubble boom season are not sustainable and not fair (so take that Republicans!).

It’s the richest people that should be truly scared at this point. They should be doing everything they can to protect their assets and their businesses. They face a of an uphill battle to keep their wealth in the years ahead.

Of course, I’ve hardly met a super-rich person who thinks there’s any chance that their New York or London or San Francisco or Vancouver or Sydney condo could lose value (by as much as 50%, if not more).

Even fewer see the 70% to 80% stock crash coming.

Don’t be one of these guys.

If you have any wealth, move fast to protect it. If you own a business, move fast to prepare it.

[Chucho]

If the shoe fits...

step in it.

+2.

[tlongII]

Basically:

"nuh-uh, it does too work".

No data sets were presented at all. NONE. ZERO. ZIP. NADA.

That website is merely a vehicle to fleece dumb people with useless investing advice. This kind of pabulum is, to me, obviously clickbait weaksauce, intended to drive traffic.

Is this the kind of thing that drives your thinking? On a scale of 1 to 10, ten being best, how well do you think the author supported his assertions with evidence and data?

[tlongII]

http://money.howstuffworks.com/trick...-economics.htm

[Th'Pusher]

http://money.howstuffworks.com/trick...-economics.htm

How trickle down economics works

[RandomGuy]

I asked for evidence, you didn't really provide any.

I posted the whole of your linked "article" above. Tell me what set of data was MOST important to supporting "trickle down" economics? Be specific.

[RandomGuy]

http://money.howstuffworks.com/trick...-economics.htm

Explained how it worked alright.

Didn't provide any good evidence whatsoever that it actually works as theorized.

If it is all that powerful of a theory on a predictive basis, why is there no really definitive evidence? Failed theories often have that problem.

[RandomGuy]

How trickle down economics [is supposed to work]

FIFY.

I can tell you how the flat earth theory is supposed to work too, that doesn't mean it is a viable theory that describes reality. Shhh, don't tell tlong.