If Rubio gets this child tax credit thing done

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Replies

  • George KGeorge K Super Moderator Posts: 8,732 Senior Member
    NZI's Kool-Aid inspired posts brings to mind Mark Shields' great explanation of trickle-down economics:

    If you stuff enough oats into a horse some of them eventually will reach the road, and lo, the sparrows are fed!
    Keep your stinkin' government hands off my Medicare.
  • MikeAMikeA Senior Member Posts: 2,748 Senior Member
    Suddenly these mega rich that funded the DNC and Hillary's sure thing are America's enemies now? Well, ok.... But I'd love to hear some alternative suggestions. What? Give the poor an even bigger tax break? How would we even do that, and what would they accomplish with the extra money?
  • fishingcomicfishingcomic Senior Member Posts: 21,580 Senior Member
    Steven wrote: »
    I think the question is: Is a tax cut really stimulative if people just assume they're going to have to pay it back? The answer is yes, if there are unused resources that can be put to work to add to aggregate demand.

    Trickle down is a fantasy.
    'I've spoken of the Shining City all my political life. …In my mind it was a tall, proud city built on rocks stronger than oceans, windswept, God-blessed, and teeming with people of all kinds living in harmony and peace; a city with free ports that hummed with commerce and creativity. And if there had to be city walls, the walls had doors and the doors were open to anyone with the will and the heart to get here. That's how I saw it, and see it still.'" Ronald Reagan
  • fishingcomicfishingcomic Senior Member Posts: 21,580 Senior Member
    sherb wrote: »
    They ain't poor, either, no matter where they live. Also I think Feinstein is probably confusing "median" with "Average."

    Maybe not poor, but they will be hurt. Some of those people are spending a big percentage of their incomes on housing.
    'I've spoken of the Shining City all my political life. …In my mind it was a tall, proud city built on rocks stronger than oceans, windswept, God-blessed, and teeming with people of all kinds living in harmony and peace; a city with free ports that hummed with commerce and creativity. And if there had to be city walls, the walls had doors and the doors were open to anyone with the will and the heart to get here. That's how I saw it, and see it still.'" Ronald Reagan
  • fishingcomicfishingcomic Senior Member Posts: 21,580 Senior Member
    sherb wrote: »
    I read today that the rich aren't actually getting a tax cut that's proportional to the amount they pay. It stands to reason that they will always get the lion's share of the cut since they pay the most, but according to Brookings 84% of all taxpayers will get a cut. That's not bad.

    If some guy like me get's a $100.00 back, that will be nice. But at that price we are adding $1.5 trillion to the deficit, and giving someone like Trump millions in breaks. Then they are going to go after medicare and Medicaid. Some of us have parents that depend on those programs, guess where that short fall is going to come from? It is going to come from their kids and will probably completely offset the any tax break they receive. The upper 1% has not suffered under the current tax plan. But you can bet there are going to be plenty in the bottom 40% that are going to suffer under this new plan.

    Jobs are not created by a wealthier 1%. They are created by a healthy consumer base which this plan is going to hurt. Trickle down is a fantasy. It only serves to increase the deficit and increase the wealth gap.
    'I've spoken of the Shining City all my political life. …In my mind it was a tall, proud city built on rocks stronger than oceans, windswept, God-blessed, and teeming with people of all kinds living in harmony and peace; a city with free ports that hummed with commerce and creativity. And if there had to be city walls, the walls had doors and the doors were open to anyone with the will and the heart to get here. That's how I saw it, and see it still.'" Ronald Reagan
  • swizzswizz Senior Member Posts: 2,550 Senior Member
    I promise to trickle down on those below me.
    All of your Trout are belong to me.
  • NZ IndicatorNZ Indicator Senior Member Posts: 9,212 Senior Member
    Trickle down is a fantasy.
    The owners of my company are millionaires.

    Their wealth has trickled down to me and paid for my cars, my mortgage payment, my groceries, my fishing trips out west, my mountain bikes, my doctor bills, my free health insurance, my profit sharing, my 401k contributions, my 50" TVs etc.

    Sorry you haven't experienced the same.

    Sent from my SM-G900V using Tapatalk
  • StevenSteven Senior Member Posts: 2,222 Senior Member
    Trickle down is a fantasy.

    Uhmmm....that's Keynesian economics, not "trickle down" or supply side.

    The hint was "unused resources" and "aggregate demand."

    Aggregate demand is affected by monetary policy and fiscal policy. If net spending increases, then fiscal policy is expansionary. Net spending is spending minus taxes. Net spending increases if A) spending goes up; or B) taxes go down, all else equal.
  • StevenSteven Senior Member Posts: 2,222 Senior Member
    People...

    Econ 1 wasn't really that hard.
  • BushartBushart Senior Member Posts: 1,793 Senior Member
    Ya because with Regan trying and failing and Bush trying and failing and now the Game show host wants a turn at a plan that does not work

    Someone help me out here....what was that definition of insanity again?

    Gotta go---Bernie wants to play with the goose again......oh and like every other fairy tale---they all lived happily ever after
  • StevenSteven Senior Member Posts: 2,222 Senior Member
    Between January 1, 1982 (when the first Reagan tax cut took effect) to January 1, 1989, unemployment fell from 8.4% to 4.9%.

    If you want to argue that tax cuts don't pay for themselves, that's fine, but to argue that tax cuts are never expansionary is just insane.


    It is no contradiction – the most important single thing we can do to stimulate investment in today’s economy is to raise consumption by major reduction of individual income tax rates.”

    – John F. Kennedy, Jan. 21, 1963, annual message to the Congress: “The Economic Report Of The President”
  • fishingcomicfishingcomic Senior Member Posts: 21,580 Senior Member
    Reagan also changed the way unemployment was calculated and the deficit soared. It is a myth.
    'I've spoken of the Shining City all my political life. …In my mind it was a tall, proud city built on rocks stronger than oceans, windswept, God-blessed, and teeming with people of all kinds living in harmony and peace; a city with free ports that hummed with commerce and creativity. And if there had to be city walls, the walls had doors and the doors were open to anyone with the will and the heart to get here. That's how I saw it, and see it still.'" Ronald Reagan
  • fishingcomicfishingcomic Senior Member Posts: 21,580 Senior Member
    Steven wrote: »
    People...

    Econ 1 wasn't really that hard.

    Funny how Michael Bloomberg took the same course and disagrees with you. I don't care what you think you were taught, it is a myth. Maybe you should have taken more than one course.
    'I've spoken of the Shining City all my political life. …In my mind it was a tall, proud city built on rocks stronger than oceans, windswept, God-blessed, and teeming with people of all kinds living in harmony and peace; a city with free ports that hummed with commerce and creativity. And if there had to be city walls, the walls had doors and the doors were open to anyone with the will and the heart to get here. That's how I saw it, and see it still.'" Ronald Reagan
  • swizzswizz Senior Member Posts: 2,550 Senior Member
    Nobody trickles down on comedians? I have an opening on my spring crew if you are fit and have a good work ethic. I pay well!
    All of your Trout are belong to me.
  • fishingcomicfishingcomic Senior Member Posts: 21,580 Senior Member
    The owners of my company are millionaires.

    Their wealth has trickled down to me and paid for my cars, my mortgage payment, my groceries, my fishing trips out west, my mountain bikes, my doctor bills, my free health insurance, my profit sharing, my 401k contributions, my 50" TVs etc.

    Sorry you haven't experienced the same.

    Sent from my SM-G900V using Tapatalk


    And they did all that while paying taxes.
    'I've spoken of the Shining City all my political life. …In my mind it was a tall, proud city built on rocks stronger than oceans, windswept, God-blessed, and teeming with people of all kinds living in harmony and peace; a city with free ports that hummed with commerce and creativity. And if there had to be city walls, the walls had doors and the doors were open to anyone with the will and the heart to get here. That's how I saw it, and see it still.'" Ronald Reagan
  • MikeAMikeA Senior Member Posts: 2,748 Senior Member
    Economy, unemployment, minority unemployment, stock market, home ownership etc, all predicted to implode with a Trump prez, are all breaking records to the good. Still it's gloom and doom from the left. THANK FREAKING GAWD that we have at least a few more years of positive thinking and forward momentum to look forward to.
  • fishingcomicfishingcomic Senior Member Posts: 21,580 Senior Member
    Steven wrote: »
    Uhmmm....that's Keynesian economics, not "trickle down" or supply side.

    The hint was "unused resources" and "aggregate demand."

    Aggregate demand is affected by monetary policy and fiscal policy. If net spending increases, then fiscal policy is expansionary. Net spending is spending minus taxes. Net spending increases if A) spending goes up; or B) taxes go down, all else equal.

    Sorry but you are giving the most to the people who will spend the least. So you are not actually putting capital into the economy, you are putting it in rich people's savings accounts and taking money from those that would spend it and actually stimulate growth. Employers use cheap foreign labor because they can pay $2 a day. Not because they pay too much in taxes. Corporate profits have soared over the past 8 years they have billions to spend and they do not do it. A tax cut is not going to change that.
    'I've spoken of the Shining City all my political life. …In my mind it was a tall, proud city built on rocks stronger than oceans, windswept, God-blessed, and teeming with people of all kinds living in harmony and peace; a city with free ports that hummed with commerce and creativity. And if there had to be city walls, the walls had doors and the doors were open to anyone with the will and the heart to get here. That's how I saw it, and see it still.'" Ronald Reagan
  • fishingcomicfishingcomic Senior Member Posts: 21,580 Senior Member
    MikeA wrote: »
    Economy, unemployment, minority unemployment, stock market, home ownership etc, all predicted to implode with a Trump prez, are all breaking records to the good. Still it's gloom and doom from the left. THANK FREAKING GAWD that we have at least a few more years of positive thinking and forward momentum to look forward to.

    He hasn't enacted a single piece of legislation up to this point. None of his policies are currently in place.
    'I've spoken of the Shining City all my political life. …In my mind it was a tall, proud city built on rocks stronger than oceans, windswept, God-blessed, and teeming with people of all kinds living in harmony and peace; a city with free ports that hummed with commerce and creativity. And if there had to be city walls, the walls had doors and the doors were open to anyone with the will and the heart to get here. That's how I saw it, and see it still.'" Ronald Reagan
  • fishingcomicfishingcomic Senior Member Posts: 21,580 Senior Member
    swizz wrote: »
    Nobody trickles down on comedians? I have an opening on my spring crew if you are fit and have a good work ethic. I pay well!

    I have a good job thank you. And comedians do better when the economy is down. We are cheap entertainment and most people need a laugh when times are hard.
    'I've spoken of the Shining City all my political life. …In my mind it was a tall, proud city built on rocks stronger than oceans, windswept, God-blessed, and teeming with people of all kinds living in harmony and peace; a city with free ports that hummed with commerce and creativity. And if there had to be city walls, the walls had doors and the doors were open to anyone with the will and the heart to get here. That's how I saw it, and see it still.'" Ronald Reagan
  • StevenSteven Senior Member Posts: 2,222 Senior Member
    Reagan also changed the way unemployment was calculated

    The inclusion of the military as employed probably subtracted less than 0.2% to the unemployment rate.
  • fishingcomicfishingcomic Senior Member Posts: 21,580 Senior Member
    MikeA wrote: »
    Suddenly these mega rich that funded the DNC and Hillary's sure thing are America's enemies now? Well, ok.... But I'd love to hear some alternative suggestions. What? Give the poor an even bigger tax break? How would we even do that, and what would they accomplish with the extra money?

    Enemies? Most of those that support the DNC think they already get plenty of tax breaks.
    'I've spoken of the Shining City all my political life. …In my mind it was a tall, proud city built on rocks stronger than oceans, windswept, God-blessed, and teeming with people of all kinds living in harmony and peace; a city with free ports that hummed with commerce and creativity. And if there had to be city walls, the walls had doors and the doors were open to anyone with the will and the heart to get here. That's how I saw it, and see it still.'" Ronald Reagan
  • BushartBushart Senior Member Posts: 1,793 Senior Member
    MikeA wrote: »
    Economy, unemployment, minority unemployment, stock market, home ownership etc, all predicted to implode with a Trump prez, are all breaking records to the good. Still it's gloom and doom from the left. THANK FREAKING GAWD that we have at least a few more years of positive thinking and forward momentum to look forward to.

    Those that ignore the mistakes of history are bound to repeat them---your looking at this as a couple bucks saved in your wallet ---but what are you willing to do without cuz the $$$ are not there from the gov't to supply services
    Unless of course your a fan of deficit spending----then it's your kids problems ---correct
  • fishingcomicfishingcomic Senior Member Posts: 21,580 Senior Member
    Steven wrote: »
    The inclusion of the military as employed probably subtracted less than 0.2% to the unemployment rate.

    He also changed the definition to not include those that were not looking for a job.

    Using a more consistent measure Obama took it from 10% to 4%.
    'I've spoken of the Shining City all my political life. …In my mind it was a tall, proud city built on rocks stronger than oceans, windswept, God-blessed, and teeming with people of all kinds living in harmony and peace; a city with free ports that hummed with commerce and creativity. And if there had to be city walls, the walls had doors and the doors were open to anyone with the will and the heart to get here. That's how I saw it, and see it still.'" Ronald Reagan
  • MikeAMikeA Senior Member Posts: 2,748 Senior Member
    He hasn't enacted a single piece of legislation up to this point. None of his policies are currently in place.

    I know! It's crazy how the power of positive thinking can manifest positive change, isn't it?
    Gone are the days of "those jobs are never coming back"
  • George KGeorge K Super Moderator Posts: 8,732 Senior Member
    sherb wrote: »
    I read today that the rich aren't actually getting a tax cut that's proportional to the amount they pay. It stands to reason that they will always get the lion's share of the cut since they pay the most, but according to Brookings 84% of all taxpayers will get a cut. That's not bad.

    See post 78 above, especially this link: https://www.npr.org/2017/12/19/571754894/charts-see-how-much-of-gop-tax-cuts-will-go-to-the-middle-class
    Keep your stinkin' government hands off my Medicare.
  • NZ IndicatorNZ Indicator Senior Member Posts: 9,212 Senior Member
    And they did all that while paying taxes.

    Now if they pay less taxes that = more money for my profit sharing plan!!!
  • fishingcomicfishingcomic Senior Member Posts: 21,580 Senior Member
    Now if they pay less taxes that = more money for my profit sharing plan!!!

    But not more for those that do not participate. Communist.
    'I've spoken of the Shining City all my political life. …In my mind it was a tall, proud city built on rocks stronger than oceans, windswept, God-blessed, and teeming with people of all kinds living in harmony and peace; a city with free ports that hummed with commerce and creativity. And if there had to be city walls, the walls had doors and the doors were open to anyone with the will and the heart to get here. That's how I saw it, and see it still.'" Ronald Reagan
  • fishingcomicfishingcomic Senior Member Posts: 21,580 Senior Member
    MikeA wrote: »
    I know! It's crazy how the power of positive thinking can manifest positive change, isn't it?
    Gone are the days of "those jobs are never coming back"

    Those jobs have not come back. Coal country is just as poor as ever.
    'I've spoken of the Shining City all my political life. …In my mind it was a tall, proud city built on rocks stronger than oceans, windswept, God-blessed, and teeming with people of all kinds living in harmony and peace; a city with free ports that hummed with commerce and creativity. And if there had to be city walls, the walls had doors and the doors were open to anyone with the will and the heart to get here. That's how I saw it, and see it still.'" Ronald Reagan
  • NZ IndicatorNZ Indicator Senior Member Posts: 9,212 Senior Member
    Bushart wrote: »
    your looking at this as a couple bucks saved in your wallet

    Sure. Why not. Who is actually opposed to a few more dollars in their wallet?
  • fishingcomicfishingcomic Senior Member Posts: 21,580 Senior Member
    Deficits only matter when the Republicans are not in charge.
    'I've spoken of the Shining City all my political life. …In my mind it was a tall, proud city built on rocks stronger than oceans, windswept, God-blessed, and teeming with people of all kinds living in harmony and peace; a city with free ports that hummed with commerce and creativity. And if there had to be city walls, the walls had doors and the doors were open to anyone with the will and the heart to get here. That's how I saw it, and see it still.'" Ronald Reagan

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