Lol, tax cuts to the rich have never stimulated the economy, only idiots believe that lie. They buy their stocks back, they don’t invest in the workers. It happens every time, only fools believe in trickle down.
Americans Paid $90 Billion MORE In Taxes After Republican Tax Cut
- Thread starter Cinnabar
- Start date
You said it was not "free" because people pay for it in payroll taxes. In a person has no job and pays no payroll taxes and still gets health care, it is "free" to him. He only gets health care because somebody else pays for it. There is already no maximum on Medicare payroll taxes.
You lied.
That's not an assumption, it's literally what happens.
I can even use a case study that I have brought up several times before that you also refuse to acknowledge because it doesn't let you maintain your bullshit.
When Kansas cut taxes thanks to Brownback and the Conservatives, the result was an explosion of the deficit. That deficit forced cuts to social spending, specifically, cuts to education. Because of those education cuts, the State Board of Regents had to increase tuition for in-state residents. Now, what does that mean for the students and their families? That means they had to take out loans, or take out bigger loans to cover the increase in the cost of tuition thanks to the drop in revenues, thanks to the tax cuts.
So that's not "unfounded"...that actually happened. That is what we refer to in the business as "empirical evidence"; namely, evidence you can observe yourself, with your own two eyes.
Kansas higher ed dealing with budget cuts
https://www.kansas.com/news/politics-government/article1117473.html
$53 Million in the Hole, Kansas Cuts Higher Education
https://www.governing.com/topics/education/tns-kansas-brownback-higher-education.html
So here's the inherent stupidity of LV426;
He thinks that tax increases on the wealthy come at no cost. Moron.
You make the mistaken assumption that only the rich are getting tax cuts. Wrong.
Your claim about what the rich do with their money are just Democratic talking points you repeat. Facts don't support such a claim.
Consumer spending is the biggest part of the economy and the wealthy are responsible for 60% of consumer spending.
One day people are claiming the wealthy don't spend their money and the next they are criticized for buying another new car or house.
I just did when I showed how tax cuts caused tuition increases in Kansas, which forced students and their families to borrow more and go deeper into debt.
^^Super dumb super moderator thinks tax increases to the rich stimulate the economy.
Moron.
Why would they need to take out additional loans to buy stuff if they're getting more money thanks to tax cuts?
Both things can't be true, Flash!
You can't say that tax cuts puts more money in people's pockets, then say in literally the next thought that they're going into debt to buy things.
That would mean tax cuts don't put more money into people's pockets, they put people into debt.
That's what the chart shows.
They can afford a new car, yet they have to take out a loan?
What?
So now you seem to be arguing that tax cuts cause higher debt, which is exactly what I've been saying.
States have to have balanced budgets and must cut programs if revenue declines. The federal government just borrows more and does not cut social programs when tax cuts occurs. The last two budgets have included large spending increases.
I pointed that out the last time you used that same example, but you refuse to acknowledge facts that don't fit your preconceived ideological beliefs.
Well, we do see cuts to social programs, you are just ignoring that because it doesn't suit your argument.
How many fucking times have I posted about the Kansas tax cuts resulting in higher tuition and more borrowing? At least a dozen, and you have never once bothered to address that inconvenience.
It's obvious why; you act purely on emotion.
The economy wasn't down in December 2017, so why was this tax cut passed?
In Kansas. Learn the difference between federal and state governments.
Or, it might be because tax cuts are usually imposed as a stimulus when the economy is down.
Why did Obama cut payroll taxes and did that increase debt and decrease savings?
No, if they have less money to spend, we should see personal debt increase...which it did, and which I linked to that you didn't bother to address either:
US consumer debt surges to record highs
July 14, 2019
https://nypost.com/2019/07/14/us-ha...sis-consumers-owe-more-with-less-in-the-bank/
So....these are just numbers in a vacuum that have no context. What were those numbers like for 2018, 2017, 2016? See, you have this nasty habit of only posting information that suits your argument in a vacuum, you don't bother with context for comparison's sake. So you make deliberate bad faith arguments, placing the burden on others to do the work for you that you should have already done! I'm immediately suspicious of actions like that. I don't know if those numbers are good or not (the Feb number doesn't seem to be good), because I don't know the context. So why don't you ever post the context?
The Russia Tax Cut started in 2018, you sloppy idiot. So what good is this information without 2018, and why did you leave 2018 out???????
2016-17 were operating under Obama's tax rates.
So you tried to make an argument that the 2018 tax cut resulted in more spending, but you don't even show 2018's numbers. How come?
The average American did not benefit from the tax cuts and it is proven throughout history that the economy benefits more from giving tax breaks to average American than to the rich.
But the people you are talking about are the elderly, disabled, and kids.
So why are you exercising sophistry here?
What did I lie about? You think elderly, disabled, and kids should work?
LOL!
Flash thinks we should be grateful for the ~$350 in after tax income most Americans averaged.
I guess he also thinks we should be grateful for the $1,000 those taxpayers now have to pay because of the tariffs.
So the net is -$650.
Flash thinks we should be grateful for that.
Reminder: Conservatives all predicted everyone's wage would increase by at least $4,000. Notice how that is not addressed by Flash.