An example of how a majority of Democrats are really dumb about taxes.

[Bobob]

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.

Trump cut taxes for the rich. Biden wants to raise them

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

U.S. Companies' Repatriated Cash Hits $1 Trillion Under Tax Law

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

So what did they do with that $1 trillion... bury it the back yard or hide it in their mattresses?
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!

This is how Corporations spent their tax windfall and I have never heard anyone call Corporations "evil":

• "Corporations are spending 154 times as much on stock buybacks as they are spending on workers’ bonuses and wages. Authorizations for stock buybacks, which overwhelmingly benefit the wealthy, have increased by $1 trillionsince the tax law was passed, while workers are getting $7.1 billion in one-time bonuses and wage increases.
  • The richest 1% own 40% of all stock; the richest 10% own 84%. [National Bureau of Economic Research/Washington Post] Stock buybacks waste money that could be used for useful investments, creating jobs and higher pay.
• A total of 238,290 private-sector job cuts have been announced at 361 companies since the tax law was passed by Congress. [Job cuts spreadsheet] The actual job-loss total is higher, but some big companies, including Amazon and Wells Fargo, have not offered precise figures in their layoff announcements."
• You have no clue.

So what do those 84% who own all the stock do with their money?
Bury in the back yard or hide in their mattresses?
What happens with their 84%? Hmmm....Where does it go? If those 84% sell all their stock, what would be their prices? What happens?
Oh yea... they'll bury it in their backyard or hide in their mattresses! Yeh... that's the ticket! Dummy!

I am afraid that you are the "dummy". The 84% continue to invest their money in the stock market where the financial gains are robust. Stock investors do not sell their stock except to buy other stock or investments to make themselves more money.
You need some education outside of the local pub because you have no clue. They do not invest it in people like you, for sure.

 

[iamwhatiseem]

The Trump tax cuts, like the Obama TARP giveaway resulted primarily in buy backs and foreign investment.
We live in a time where there are 2 evils...
1) Corporatism/Globalism - the era of the investor. Wage stagnation, off shore labor and benefit reductions for all.
2) Corrupt government - a working partner of #1.

In short... we're fucked. And have been getting ass fucked more and more every year since the 1980s.

 

[DBA]

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.

Trump cut taxes for the rich. Biden wants to raise them

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

U.S. Companies' Repatriated Cash Hits $1 Trillion Under Tax Law

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

So what did they do with that $1 trillion... bury it the back yard or hide it in their mattresses?
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!

So far as I know, there were no spending cuts to offset the loss of taxes. That means that we, the taxpayers, borrowed money to give to those corporations and wealthy. Remind me what I got for my money?

The money my company saved with the tax cut was reinvested in the company with a massive hiring surge and a $2000 bonus for every employee and a boost in capital expenditure....creating thousands of jobs outside my company.

You dont understand corporate finance, do you?

I'm not the only one:
A New Congressional Study Finds Little Economic Benefit From The 2017 Tax Cuts

Why was the economy is such pristine shape in Feb. 2020? Let me guess, monetary easing? I know for certain it couldn’t possibly have been any of Trump’s policies, right?

 

[BluesLegend]

The money my company saved with the tax cut was reinvested in the company with a massive hiring surge and a $2000 bonus for every employee and a boost in capital expenditure....creating thousands of jobs outside my company.

God damn it, that money was supposed to be TAXED to fund government jobs for mooching deadbeats.

 

[DBA]

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.

Trump cut taxes for the rich. Biden wants to raise them

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

U.S. Companies' Repatriated Cash Hits $1 Trillion Under Tax Law

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

So what did they do with that $1 trillion... bury it the back yard or hide it in their mattresses?
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!

This is how Corporations spent their tax windfall and I have never heard anyone call Corporations "evil":

• "Corporations are spending 154 times as much on stock buybacks as they are spending on workers’ bonuses and wages. Authorizations for stock buybacks, which overwhelmingly benefit the wealthy, have increased by $1 trillionsince the tax law was passed, while workers are getting $7.1 billion in one-time bonuses and wage increases.
  • The richest 1% own 40% of all stock; the richest 10% own 84%. [National Bureau of Economic Research/Washington Post] Stock buybacks waste money that could be used for useful investments, creating jobs and higher pay.
• A total of 238,290 private-sector job cuts have been announced at 361 companies since the tax law was passed by Congress. [Job cuts spreadsheet] The actual job-loss total is higher, but some big companies, including Amazon and Wells Fargo, have not offered precise figures in their layoff announcements."
• You have no clue.

So what do those 84% who own all the stock do with their money?
Bury in the back yard or hide in their mattresses?
What happens with their 84%? Hmmm....Where does it go? If those 84% sell all their stock, what would be their prices? What happens?
Oh yea... they'll bury it in their backyard or hide in their mattresses! Yeh... that's the ticket! Dummy!

I am afraid that you are the "dummy". The 84% continue to invest their money in the stock market where the financial gains are robust. Stock investors do not sell their stock except to buy other stock or investments to make themselves more money.
You need some education outside of the local pub because you have no clue. They do not invest it in people like you, for sure.

Let me get this straight. The wealthy make money in the market only to reinvest it back in the market. They don’t spend any of it? Weird, I have made pretty good money in the markets. I routinely take some long term gains out to buy large ticket items and I do reinvest some. I guess I am the only one. Who knew?

 

[healthmyths]

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.

Trump cut taxes for the rich. Biden wants to raise them

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

U.S. Companies' Repatriated Cash Hits $1 Trillion Under Tax Law

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

So what did they do with that $1 trillion... bury it the back yard or hide it in their mattresses?
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!

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.

What we need are higher taxes and tax sheltering of profits from overseas regulated. Too many international companies avoid taxes.

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?
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?

Save. We save. Save more.

Great, you save more. Have you ever heard of the Paradox of Thrift?

My point exactly. The money needs to be in hands of those who need to spend it. Not for those of us who have what we need and save it.

So where do you "save" it? Bury in the backyard or hide under your mattress?
Or do you "save" it in your bank which guess what turns around and lends it to businesses.
And what do these businesses do? Well again, they don't bury in backyard or hide under mattress.
THESE businesses hire more people, buy more products, services. Dummies !

 

[Mac1958]

Why was the economy is such pristine shape in Feb. 2020?

"Pristine". An absolutely beautiful example of the arrogant ignorance that is Trumpism, particularly on economics.

In February of 2020...

• GDP had dropped to a mere 2.4% growth rate
• Bond yields had crashed by 60%
• The NY Fed was ready to drop more trillions into short term credit markets, as it had to in 2019
• Our budget, signed by the President, had exploded
• Our debt had accelerated ("Who cares about the budget!" our President told a rally)
• About 60% of corporate tax cuts had been spent on stock buybacks and not investment
• The extended manufacturing recession that began in 2019 was finally stabilizing but the sector was still weak

Rush told them that the (R) after their name meant they're economic experts. He really fooled them.

 

[alang1216]

Why was the economy is such pristine shape in Feb. 2020? Let me guess, monetary easing? I know for certain it couldn’t possibly have been any of Trump’s policies, right?

Trump inherited a robust economy and then injected borrowed money into it to supercharge it. His tax cut hasn't paid for itself but it has increased the debt. Kind of a ticking time bomb.

 

[healthmyths]

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.

Trump cut taxes for the rich. Biden wants to raise them

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

U.S. Companies' Repatriated Cash Hits $1 Trillion Under Tax Law

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

So what did they do with that $1 trillion... bury it the back yard or hide it in their mattresses?
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!

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.

What we need are higher taxes and tax sheltering of profits from overseas regulated. Too many international companies avoid taxes.

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?
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?

Save. We save. Save more.

Great, you save more. Have you ever heard of the Paradox of Thrift?

The paradox of thrift was popularized by British economist John Maynard Keynes.
So do you believe this: "Based on his theory, Keynes advocated for increased government expenditures and lower taxes to stimulate demand and pull the global economy out of the depression"

Keynesian Economics Theory: Definition and How It's Used

Keynesian economics comprise a theory of total spending in the economy and its effects on output and inflation, as developed by John Maynard Keynes.

www.investopedia.com

So you favor people spend more on taxes so governments can spend more on what?
Re-distribution of wealth?
Just a couple of photos of countries that have tried "re-distribution".

 

[healthmyths]

Instead, the dominant company response to the TCJA was stock buybacks.

Have we seen prices dropping because of this? Hardly. In fact right wingers have been whining about price increases lately

Have we seen massive hiring? Hardly. Employment is still below pandemic levels.

We HAVE seen the stock market go up though. And that primarily helps...yea...corporations and the wealthy

Who's the dummy here dummy (OP)?

There’s now a record number of 401(k) and IRA millionaires, according to Fidelity

• Fidelity says a record 441,000 IRA or 401(k) accounts it manages had balances of $1 million or more.
• The number represents 1.6% of the 27.2 million IRA and 401(k) accounts managed by Fidelity.
• The average 401(k) balance rose to a record $112,300, a 7% increase from last quarter’s balance of $105,200.
• Employees are saving more: One-third of plan participants increased the amount they were saving by an average of 3%.

There's now a record number of 401(k) and IRA millionaires, according to Fidelity

The study found 441,000 IRA or 401(k) accounts they manage had balances of $1 million or more.

www.cnbc.com

 

[Lesh]

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.

Trump cut taxes for the rich. Biden wants to raise them

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

U.S. Companies' Repatriated Cash Hits $1 Trillion Under Tax Law

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

So what did they do with that $1 trillion... bury it the back yard or hide it in their mattresses?
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!

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.

What we need are higher taxes and tax sheltering of profits from overseas regulated. Too many international companies avoid taxes.

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?
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?

Save. We save. Save more.

Great, you save more. Have you ever heard of the Paradox of Thrift?

The paradox of thrift was popularized by British economist John Maynard Keynes.
So do you believe this: "Based on his theory, Keynes advocated for increased government expenditures and lower taxes to stimulate demand and pull the global economy out of the depression"

Keynesian Economics Theory: Definition and How It's Used

Keynesian economics comprise a theory of total spending in the economy and its effects on output and inflation, as developed by John Maynard Keynes.

www.investopedia.com

So you favor people spend more on taxes so governments can spend more on what?
Re-distribution of wealth?
Just a couple of photos of countries that have tried "re-distribution".
View attachment 481262

Complete distortion of Keynsian economics

 

[Bobob]

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.

Trump cut taxes for the rich. Biden wants to raise them

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

U.S. Companies' Repatriated Cash Hits $1 Trillion Under Tax Law

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

So what did they do with that $1 trillion... bury it the back yard or hide it in their mattresses?
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!

This is how Corporations spent their tax windfall and I have never heard anyone call Corporations "evil":

• "Corporations are spending 154 times as much on stock buybacks as they are spending on workers’ bonuses and wages. Authorizations for stock buybacks, which overwhelmingly benefit the wealthy, have increased by $1 trillionsince the tax law was passed, while workers are getting $7.1 billion in one-time bonuses and wage increases.
  • The richest 1% own 40% of all stock; the richest 10% own 84%. [National Bureau of Economic Research/Washington Post] Stock buybacks waste money that could be used for useful investments, creating jobs and higher pay.
• A total of 238,290 private-sector job cuts have been announced at 361 companies since the tax law was passed by Congress. [Job cuts spreadsheet] The actual job-loss total is higher, but some big companies, including Amazon and Wells Fargo, have not offered precise figures in their layoff announcements."
• You have no clue.

So what do those 84% who own all the stock do with their money?
Bury in the back yard or hide in their mattresses?
What happens with their 84%? Hmmm....Where does it go? If those 84% sell all their stock, what would be their prices? What happens?
Oh yea... they'll bury it in their backyard or hide in their mattresses! Yeh... that's the ticket! Dummy!

I am afraid that you are the "dummy". The 84% continue to invest their money in the stock market where the financial gains are robust. Stock investors do not sell their stock except to buy other stock or investments to make themselves more money.
You need some education outside of the local pub because you have no clue. They do not invest it in people like you, for sure.

Let me get this straight. The wealthy make money in the market only to reinvest it back in the market. They don’t spend any of it? Weird, I have made pretty good money in the markets. I routinely take some long term gains out to buy large ticket items and I do reinvest some. I guess I am the only one. Who knew?

No, you are correct. Everyone spends money, but you know exactly what I mean.
They don't take all their financial gains and trickle it down. Very little, in fact.

 

[progressive hunter]

you have taxs backwards,, they spend what they take in, not ask for more when they spend to much,,,

and are you saying spending cuts wont happen if we stop foreign aid to countries that dont like us??

What are you talking about? Who is 'they' that 'spend what they take in'?

There are many ways to cut spending. Foreign aid is a very tiny piece of the pie.

who the fuck do you think they are???

and foreign aid is just a start and you said you didnt know of anyway to cut spending and now you have one,,

I have no clue who you're talking about, certainly not businesses or people. They both borrow money to expand or buy a house.

I never said I didn't know a way to cut spending, I said foreign aid is not a big piece of it. I believe the biggest share goes to Israel. Would you cut that?

of course you said you didnt know a way, just go back to yyour comment I first responded too,,

and we arent talking about a business that earns its own money and profits from it,, we are talking about the government that takes money from people that earned it and only waste money not make profits from it,,

 

[Lesh]

you have taxs backwards,, they spend what they take in, not ask for more when they spend to much,,,

and are you saying spending cuts wont happen if we stop foreign aid to countries that dont like us??

What are you talking about? Who is 'they' that 'spend what they take in'?

There are many ways to cut spending. Foreign aid is a very tiny piece of the pie.

who the fuck do you think they are???

and foreign aid is just a start and you said you didnt know of anyway to cut spending and now you have one,,

I have no clue who you're talking about, certainly not businesses or people. They both borrow money to expand or buy a house.

I never said I didn't know a way to cut spending, I said foreign aid is not a big piece of it. I believe the biggest share goes to Israel. Would you cut that?

of course you said you didnt know a way, just go back to yyour comment I first responded too,,

and we arent talking about a business that earns its own money and profits from it,, we are talking about the government that takes money from people that earned it and only waste money not make profits from it,,

"Waste it away".

Newsflash...money never disappears. It GOES some place.

And tax cuts for the wealthy ends up "going" to the stock market...which continues to benefit the wealthy.

Does some of it eek out and trickle down?

As we have seen...very little does

 

[Blues Man]

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.

Trump cut taxes for the rich. Biden wants to raise them

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

U.S. Companies' Repatriated Cash Hits $1 Trillion Under Tax Law

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

So what did they do with that $1 trillion... bury it the back yard or hide it in their mattresses?
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!

So far as I know, there were no spending cuts to offset the loss of taxes. That means that we, the taxpayers, borrowed money to give to those corporations and wealthy. Remind me what I got for my money?

We would have borrowed that money anyway.

Just how much do you think the country lost in revenue?

Now we have a democrat who wants to raise taxes and still borrow money.

So you see it doesn't matter how much money the government takes from taxpayers because they will always always always spend more than they take from us.

 

[progressive hunter]

you have taxs backwards,, they spend what they take in, not ask for more when they spend to much,,,

and are you saying spending cuts wont happen if we stop foreign aid to countries that dont like us??

What are you talking about? Who is 'they' that 'spend what they take in'?

There are many ways to cut spending. Foreign aid is a very tiny piece of the pie.

who the fuck do you think they are???

and foreign aid is just a start and you said you didnt know of anyway to cut spending and now you have one,,

I have no clue who you're talking about, certainly not businesses or people. They both borrow money to expand or buy a house.

I never said I didn't know a way to cut spending, I said foreign aid is not a big piece of it. I believe the biggest share goes to Israel. Would you cut that?

of course you said you didnt know a way, just go back to yyour comment I first responded too,,

and we arent talking about a business that earns its own money and profits from it,, we are talking about the government that takes money from people that earned it and only waste money not make profits from it,,

"Waste it away".

Newsflash...money never disappears. It GOES some place.

And tax cuts for the wealthy ends up "going" to the stock market...which continues to benefit the wealthy.

Does some of it eek out and trickle down?

As we have seen...very little does

my money disappears when the government takes it from me,,

poor people buy stocks too,, not to mention the poor people that work for the companies that are on the stock market,,

 

[ColonelAngus]

Instead, the dominant company response to the TCJA was stock buybacks.

Have we seen prices dropping because of this? Hardly. In fact right wingers have been whining about price increases lately

Have we seen massive hiring? Hardly. Employment is still below pandemic levels.

We HAVE seen the stock market go up though. And that primarily helps...yea...corporations and the wealthy

Who's the dummy here dummy (OP)?

To what extent will quantitative easing continue to work?

 

[Moonglow]

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.

Trump cut taxes for the rich. Biden wants to raise them

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

U.S. Companies' Repatriated Cash Hits $1 Trillion Under Tax Law

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

So what did they do with that $1 trillion... bury it the back yard or hide it in their mattresses?
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!

They can only expand when they have market to expand for.

 

[Moonglow]

you have taxs backwards,, they spend what they take in, not ask for more when they spend to much,,,

and are you saying spending cuts wont happen if we stop foreign aid to countries that dont like us??

What are you talking about? Who is 'they' that 'spend what they take in'?

There are many ways to cut spending. Foreign aid is a very tiny piece of the pie.

who the fuck do you think they are???

and foreign aid is just a start and you said you didnt know of anyway to cut spending and now you have one,,

I have no clue who you're talking about, certainly not businesses or people. They both borrow money to expand or buy a house.

I never said I didn't know a way to cut spending, I said foreign aid is not a big piece of it. I believe the biggest share goes to Israel. Would you cut that?

of course you said you didnt know a way, just go back to yyour comment I first responded too,,

and we arent talking about a business that earns its own money and profits from it,, we are talking about the government that takes money from people that earned it and only waste money not make profits from it,,

"Waste it away".

Newsflash...money never disappears. It GOES some place.

And tax cuts for the wealthy ends up "going" to the stock market...which continues to benefit the wealthy.

Does some of it eek out and trickle down?

As we have seen...very little does

my money disappears when the government takes it from me,,

poor people buy stocks too,, not to mention the poor people that work for the companies that are on the stock market,,

You should learn tax avoision.

 

[citygator]

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.

Trump cut taxes for the rich. Biden wants to raise them

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

U.S. Companies' Repatriated Cash Hits $1 Trillion Under Tax Law

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

So what did they do with that $1 trillion... bury it the back yard or hide it in their mattresses?
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!

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.

What we need are higher taxes and tax sheltering of profits from overseas regulated. Too many international companies avoid taxes.

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?
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?

Save. We save. Save more.

Great, you save more. Have you ever heard of the Paradox of Thrift?

My point exactly. The money needs to be in hands of those who need to spend it. Not for those of us who have what we need and save it.

So where do you "save" it? Bury in the backyard or hide under your mattress?
Or do you "save" it in your bank which guess what turns around and lends it to businesses.
And what do these businesses do? Well again, they don't bury in backyard or hide under mattress.
THESE businesses hire more people, buy more products, services. Dummies !

Ahhhhh. Trickle down economics??? Right on cue. Seems to work well at consolidating wealth into a smaller and smaller group of people. Keep it coming to me you serfs.