Wages go DOWN after Trump's corporate welfare

Discussion in 'Politics' started by Frank the Tank, Jul 19, 2018.

  1. Frank the Tank
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    Frank the Tank VIP Member

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    In a surprise to almost nobody, Trump's $1.5 trillion tax cut from last year has NOT translated into wage growth for the average person.
    Workers’ wages fall after passage of GOP tax cuts

    Wages grew FASTER under Barack Obama:

    2015 Wages increased 2.6%
    2016 Wages increased 1.7%
    2017 Wages increased 0.5%
    (tax cut passed)
    2018 Wages DECREASED 0.1%

    Gee, you mean to tell me that Trump and Republicans lied about 'trickle down economics' (again)....you mean corporate welfare does NOT translate to higher wages? We're SHOCKED? No we aren't.....

    Good news? We at least exploded the deficit to get lower wages, right?! YIPPEE????????????????????????????????

    More "great news"....Trump's trade war is causing inflation and job losses in the country. I guess we're seeing the brilliant financial "genius" of a guy who went bankrupt 6 times.
     
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  2. bripat9643
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    bripat9643 Diamond Member

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    ThinkProgress is a site for gullible leftwing morons.
     
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  3. Mac1958
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    Mac1958 Diamond Member

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  4. Mac1958
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    It's not about "corporate welfare", it's about slack in the system. We're going to find that, since the Meltdown, a shocking number of people were under-employed, and that kept pressure on wages down in the aggregate.

    The question is, given the influence of technology and productivity, and the massive shifting of required skillsets, whether we'll be able to get out of this.
    .
     
    Last edited: Jul 19, 2018
  5. Lakhota
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    Lakhota Diamond Member

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    Trump just made the rich richer - and his base goes YAAAAAAAAAAAAAAAAY.
     
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  6. Frank the Tank
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    Frank the Tank VIP Member

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    Right...we "gullible morons" who believe statistics, data, and evidence. You, on the other hand, believe the word of a moron who doesn't even have the interests of the country at heart (even with evidence proving him wrong).

    Thank you for verifying your ignorance...publicly.
     
  7. Frank the Tank
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    Frank the Tank VIP Member

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    I agree, in part of what you're saying. It seems to make sense that if we're going to explode the deficit for tax cuts, it is abjectly foolish to concentrate them all at the top. If we would focus tax cuts in the middle and for small businesses, those cuts would return back to the economy and legitimately pay for themselves. Blank checks to the top has never worked...this is just more evidence of this.
     
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  8. bripat9643
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    bripat9643 Diamond Member

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    Do you ever post anything that's actually true? It amazes me how many brainwashed douchebags like you come through this forum.
     
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  9. Mac1958
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    Mac1958 Diamond Member

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    I would have cut corporate tax rates and added four new, higher individual tax rate margins, up to 54.9%. Then I would kicked out the AMT and added a METR (my term), Minimum Effective Tax Rate, for both individual and corporate, so that people and corporations can only write off so much.

    This blind slashing of taxes is, well, blind. Watch that deficit explode.
    .
     
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  10. Frank the Tank
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    It was bizarre timing, as well. During the Obama Administration, when we were fighting back from the financial crisis, investment then was needed......however, Republicans consistently fought against (even small business tax cuts) and said every investment had to be revenue neutral. Now, with full control of the government, the whole "revenue neutral" thing was flushed down the toilet.
     
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