Suckers of The World United - Please Please It's Too Much Winning

Discussion in 'Economy' started by JBvM, Jan 1, 2019.

?

Are you tired of winning - Trump style?

  1. Yes

    1 vote(s)
    10.0%
  2. No

    3 vote(s)
    30.0%
  3. #MAGA

    4 vote(s)
    40.0%
  4. What about Hillary's Emails?

    2 vote(s)
    20.0%
  1. JBvM
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    JBvM VIP Member

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    Suckers of The World United - Please Please It's Too Much Winning
    Mumbo Jumbo Economics

    The Trump Tax Cuts! I'm so tired of winning . Please stop Mr. President. We can't afford anymore of this winning.

    "Big promises about soaring investment and wages, and also assured everyone that it would pay for itself!"
    But none of that has happened.

    "The tax cut has caused corporations to bring some money home, but they’ve used it for stock buybacks rather than to raise wages..."
    - Lie because: "No money has, in fact, been brought home."



    Let me explain each point in turn.

    First, when people say that U.S. corporations have “brought money home” they’re referring to dividends overseas subsidiaries have paid to their parent corporations. These did indeed surge briefly in 2018, as the tax law made it advantageous to transfer some assets from the books of those subsidiaries to the home companies; these transactions also showed up as a reduction in the measured stake of the parents in the subsidiaries, i.e., as negative direct investment



    [​IMG]
    (Figure 1 ) - Bureau of Economic Analysis

    But these transactions are simply rearrangements of companies’ books for tax purposes; they don’t necessarily correspond to anything real. Suppose that Multinational Megacorp USA decides to have its subsidiary, Multinational Mega Ireland, transfer some assets to the home company. This will produce the kind of simultaneous and opposite movement in dividends and direct investment you see in Figure 1. But the company’s overall balance sheet – which always included the assets of MM Ireland – hasn’t changed at all. No real resources have been transferred; MM USA has neither gained nor lost the ability to invest here.


    Bu what caught my attention was this:

    So the tax cut induced some accounting maneuvers, but did nothing to promote capital flows to America.

    The tax cut did, however, have one important international effect: We’re now paying more money to foreigners.

    I started asking myself: In the wider world outside of political and ideological bubbles in the USA, are we being laughed at as much as Trump himself is being laughed at? I mean he's used to being a joke.

    And will we become a second rate economic and financial power because of Trump? Will we follow Britian's BREXIT insanity, as we know Trump thought the BREXIT was a great thing

    * https://www.nytimes.com/2019/01/01/opinion/the-trump-tax-cut-even-worse-than-youve-heard.html
     
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  2. JBvM
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    JBvM VIP Member

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    When the bill comes due for the tax cuts, what will the Trump voted be told is the reason why he/she will have to pay for it?
     
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  3. JBvM
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    JBvM VIP Member

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    Opinion | The Trump Tax Cut: Even Worse Than You’ve Heard "The tax cut did, however, have one important international effect: We’re now paying more money to foreigners." - PK


    and remember QAnon? As far back as August 2018 -- Ancient History in Nitwit Tweeting Trump World

    "Trump Fans Are Suckers and QAnon Is Perfect for Them"

    "And aggrieved, and paranoid, and thrilled to have “An Answer” that explains everything about the world they hate and tells them Trump is great and they’re pretty good, too." - Rick Wilson
     
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  4. Meathead
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    Meathead Gold Member

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    Yes. if we could only go back to Obama-era stagnation.
     
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  5. Tax Man
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    Tax Man Gold Member

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    It sure was better than this crap now!
     
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  6. Indeependent
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    Indeependent Platinum Member

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    Because people should study the fine art of serving coffee at McDonalds.
     
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  7. Meathead
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    Trump hasn't cut your free stuf even with effective 0 unemployment, so what are you whining about?
     
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  8. Pete7469
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    Pete7469 Gold Member

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    How do pieces of shit like that survive childhood without falling off something or wandering in front of a truck? Creatures this stupid are supposed to be eaten by predators.

    Now they're the predators.


    .
     
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  9. JBvM
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    Hmm...

    is that a FOX News talking point?

    All the charts I see had things improving and then comes Hop Along Trumppity
     
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  10. Toddsterpatriot
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    Toddsterpatriot Diamond Member

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    I hate it when I get higher dividends.
     
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