- Dec 1, 2012
- Reaction score
- Niagara Escarpment
"the paradox of thrift" is abracadabra concured up by John Manord Keynes. It's utter bullshit.Save. We save. Save more.I asked what do these evil wealthy people do with their wealth? Bury in the backyard or hide beneath the mattress? What do they do with that wealth? Where does it go?Every single reputable study has shown these tax cuts didn’t pay for themselves. It already been pointed to that the profits went to share buybacks effectively increasing the wealth of the wealthy with virtually zippo driving spending. An OP calling people dumb then face planting on the diving board isn’t a good look.How many times have you read/heard Democrats/progressives complain about how corporations are evil. That businesses only interest in profit. That they should be taxed more. Dummy Joe Biden will on Wednesday propose a tax strategy that would increase the U.S. corporate tax rate to 28% from 21%
Good example of how ignorant people are is this comment:
- Former President Donald Trump’s signature tax law, the Tax Cuts and Jobs Act, cut taxes for most Americans. Its benefits went mostly to the rich.President Joe Biden wants to raise trillions of tax dollars from the wealthy. It's a reversal from Donald Trump's signature tax law.www.cnbc.com
For you dummies out there:
Do you think that corporations took the tax cuts and :
1) Buried the extra money in the back yard or
2) did they hide it in their mattresses.
What do you think they did?
Well for one thing they brought back from offshore where THEY were not paying 28% taxes more than $1 trillion of overseas profits
So what did they do with that $1 trillion... bury it the back yard or hide it in their mattresses?Corporations have brought back more than $1 trillion of overseas profits to the U.S. since Congress overhauled the international tax system and prodded companies to repatriate offshore funds, a report showed Thursday.www.bloomberg.com
What do you think they did? OH yea... they paid the $1 trillion to corporate Execs.! Yea that's it.
OK did these execs bury it in the back yard or hide it in their mattresses?
The point is you idiots that don't understand how money buried in the backyard or hidden in the mattresses doesn't do anything...much less for those that buried or hidden the money!
So what happens?
I'd be happy to explain but you idiots probably haven't read down this far as it is with your 30 second attention span!
Some things that may have happened to that $1 trillion and the savings in corporate taxes.
A) Manufacturers built more factories, hired more people, bought more goods and services.
B) Companies invested in start-up companies taking greater risks because they had more money to risk!
All in all $1 trillion brought back was almost all re-invested and not as you dummies think buried in the back yard or hidden!
What we need are higher taxes and tax sheltering of profits from overseas regulated. Too many international companies avoid taxes.
These evil wealthy buy yachts? Means employees at yacht companies have jobs for example.
Or do the evil build homes, buy cars, clothes, what do they do with these evil dollars?
Great, you save more. Have you ever heard of the Paradox of Thrift?
Can you explain the meaning of that word salad, or is this just another cut and paste! How did Keynes "concured up" anything. What does it even mean?
And it's John Maynard Keynes.