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50 years of tax cuts for the rich failed to trickle down, economics study says
CBS "News" ^
| December 17, 2020
| BY AIMEE PICCHI
Posted on 12/18/2020 5:01:37 AM PST by Oldeconomybuyer
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To: Oldeconomybuyer
CBS new! That saids it all! Chinese Fake News!
2
posted on
12/18/2020 5:03:15 AM PST
by
LoveMyFreedom
(That i would not doubt)
To: Oldeconomybuyer
90% tax rates will fix everything!!!!
3
posted on
12/18/2020 5:03:59 AM PST
by
2banana
(Common ground with islamic terrorists-they want to die for allah and we want to arrange the meeting)
To: Oldeconomybuyer
4
posted on
12/18/2020 5:06:31 AM PST
by
chopperk
(Warnock doesn't have a chance if Stacy sits on him.)
To: Oldeconomybuyer
50 years. Citation needed.
I wonder if “free trade” and infinity illegal and legal immigration had any impact. Tax cuts “for the rich” probably had minimal impact either way for the middle class.
5
posted on
12/18/2020 5:07:18 AM PST
by
cdcdawg
(Turn off Fox!! You can do it! )
To: Oldeconomybuyer
So get your next job from a poor person.
6
posted on
12/18/2020 5:07:26 AM PST
by
trublu
To: Oldeconomybuyer
7
posted on
12/18/2020 5:07:33 AM PST
by
Fiddlstix
(Warning! This Is A Subliminal Tagline! Read it at your own risk!(Presented by TagLines R US))
To: Oldeconomybuyer
Let me help...
8
posted on
12/18/2020 5:08:09 AM PST
by
IncPen
("Inside of every progressive is a Totalitarian screaming to get out" ~ David Horowitz)
To: Oldeconomybuyer
They must have gotten their economic degree from Scrooge McDuck university where rich people keep all their money in a vault so they can sit and watch it all day. That is fine in comics but not so much in the real world.
In the real world wealthy people invest their money as well as buy expensive things. Their money is used to employ millions of people (and that is the trickle down).
When the tax rate is too high, two things happen, the wealthy find ways to decrease their taxes and the government waste the money they take.
No nation in history has ever taxed them selves into prosperity (read somewhere but forgot where).
9
posted on
12/18/2020 5:08:23 AM PST
by
CIB-173RDABN
(I am not an expert in anything, and my opinion is just that, an opinion. I may be wrong.)
To: Oldeconomybuyer
Ha! Is that why the US economy exploded during the Trump adm??
10
posted on
12/18/2020 5:09:02 AM PST
by
SMARTY
(“If you have ten thousand regulations, you destroy all respect for the law.” Winston Churchill)
To: Oldeconomybuyer
Who are you going to believe, them or your lying eyes - and lifestyle.
11
posted on
12/18/2020 5:09:10 AM PST
by
cuban leaf
(We killed our economy and damaged our culture. In 2021 we will pine for the salad days of 2020.)
To: Oldeconomybuyer
12
posted on
12/18/2020 5:10:26 AM PST
by
blam
To: LoveMyFreedom
As we have often seen, it is easy to obtain the result you want by choosing the way you make assumptions, the timing of study, and how you define the terms.
Notice they only include a very specific set of countries, and during the exact period when the United States Media became the dominant power in the country.
It appears to be just another form of Marxist propaganda.
13
posted on
12/18/2020 5:11:20 AM PST
by
marktwain
(President Trump and his supporters are the Resistance. His opponents are the Reactionaries. )
To: SMARTY
And I guess that they want us to forget the Reagan economy versus the Carter one.
14
posted on
12/18/2020 5:11:34 AM PST
by
OttawaFreeper
("The Gardens was founded by men-sportsmen-who fought for their country" Conn Smythe, 1966 )
To: LoveMyFreedom
Interesting that the study left out Kennedy’s tax cuts and Trump’s. Those are the ones that would actually provide the environment for broad stimulus, business and wealth creation. Sounds like the study is pre-planned cover for Biden stupidity.
15
posted on
12/18/2020 5:11:58 AM PST
by
thenewsblogger
(Nancy from another planet.)
To: Oldeconomybuyer
Ha! Is that why the US economy exploded during the Trump adm??
16
posted on
12/18/2020 5:12:22 AM PST
by
SMARTY
(“If you have ten thousand regulations, you destroy all respect for the law.” Winston Churchill)
To: Oldeconomybuyer
I can’t imagine how a study from the London School of Economics’ International Inequalities Institute could have come to any other conclusion.
17
posted on
12/18/2020 5:12:48 AM PST
by
FreedomPoster
(Islam delenda est)
To: Oldeconomybuyer
Seemed to work really well under Trump.
18
posted on
12/18/2020 5:13:30 AM PST
by
bray
(Pray for President Trump)
To: Oldeconomybuyer
Sure it did. We have the wealthiest ‘poor’ on Earth....................
19
posted on
12/18/2020 5:14:30 AM PST
by
Red Badger
( “The goal of socialism is communism.”... Vladimir Lenin)
ALL taxes on business owners (the “rich”) is folded into the costs paid by its customers. Businesses never pay any taxes, never have, never will. The products or services contain those taxes that the customer pays.
Guess why tax cuts to the wealthy (business owners) don’t “trickle down” in a virtual classic sense? It’s because they merely reduce the cost of their products or services to become more competitive so you never see a block of cash go anywhere.
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