[Mega] MAGA Super Trump Mega Thread

Groove said:

apparently the gov't has been thinking of auctioning off Plum Island, maybe it's available

just needs a little bit of hazmat remediation

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-SS- said:

To what?

Nothing he has posted disproves these facts:

1. Gvt is redistributive; it takes from the producer class and gives to recipient class. If that isnt 'trickle down', then what is?

2. Gvt is provably terrible and incompetent with that redistribution to the tune of $20+ trillion and GROWING.

3. The recipient class demands more from the producer class in order to fund more entitlement; social spending is 2/3 of the federal budget. No one has the courage to address that and therefore, inherently dishonest and cowardly. We wouldnt need more taxes if our spending wasnt out of control. (duh)

4. People keeping the fruits of their labors instead of being forced at gunpoint to give it away is NOT 'trickle down' economics. Make sure you reference 'velocity of money' and include that for context. The past 8 years saw a pathetic recovery and following pitiful, anemic growth. That is indisputable and I'll gladly remind all of you:

5. The 'premise' of corporations keeping their money off shore actually undermines his own point: they are keeping their money in order to avoid excessive taxation (see #1 & #2 above). I am amazed how stupid people are to actually believe otherwise. Case study: google and apple in the EU. Caveat: That graph is meaningless to his point and if anything, is a damning statement on the previous admin's economic policies. Furthermore, 'owebamacare' (argued as a tax in the SCOTUS) was extremely damaging to the economy and prevented hiring potentially millions of people.
Read more here: US Companies $2.1 Trillion in Tax Havens Abroad | Al Jazeera America

6. Using the statement "in theory" absolutely dismantles his own point and any argument since it is a theory (proven), not a hypothesis. By increasing disposable income, we have seen great periods of growth. To NOT admit that taxes are growth inhibitors is absolutely dishonest and not based in the real world. His bullshit post is what you should really be questioning.

There is nothing more corrosive than being forced to pay for other peoples' good intentions that they have no inclination of paying for themselves as they deceive you about people 'paying their fair share' for the good of all. Economics doesnt have any emotions. Laughable.

Glad I could get this cleared up for you.

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Chaol said:

1. Trickle-down is an opinion on how to fuel economic growth trickling down via increased investment. It would be market-driven, not redistributive. Many feel that trickle-down is a theoretically ungrounded effort to implement regressive taxation, a fig-leaf cover for funneling wealth towards the wealthy.

2. gov debt is only relevant to trickle-down in that it has been used to fund the upward redistribution (see Bush tax cuts)

3. See #1

4. You don't make a coherent point here, but it's clear you misunderstand the velocity of money. In a vacuum increased taxation will slow the velocity (& consequently growth). Trickle-down taxation instead describes how tax receipts are distributed from the various income levels. To increase the velocity of money (& growth), you want more money in the hands of people who will spend it, not invest it. There are many reasons why we have had only decent growth recently. I am of the opinion that one of those is that we've instituted trickle-down and it has predictably gummed up the economy.

5. Wrong. Here's a similar growth in cash accumulation among EU corporations, who are not subject to repatriation taxes:

6. OK re-word it as "As described by its proponents". What little theoretical support there is for trickle-down comes from Arthur Laffer's "curve". Both theory and experience are unkind to Laffer's Curve, particularly as it has been implemented in the US.

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Captain Tele said:

for more on this series

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