"You need to deal in reality - not in fictional scenarios created to justify a spurious position"
Funny you say that- while at the same time you provide absolutely nothing to back up your justify your spurious position.
As for my 'final' assumption- I didn't mention the value of labor. That is your strawman.
Producers are willing to pay workers exactly as much as the consumer is willing to pay for the product - after costs, after resources, and after a fair profit for those who took the risk of investing.
No- producers are willing to pay workers as low as they can get away with- just as consumers will pay as low as they can get away with. "Fair profit"- really? What is a 'fair' profit? A producer will get as much profit- or lose as much money- as the market circumstances dictate. In a bad year, a producer may be losing money while in a good year, a producer may be raking in the dough- there is nothing 'fair' about Capitalism- the market doesn't care about 'fair'.
The wealthy have increased their wealth, that is true - but HOW have they increased their wealth? They have invested their money, and recouped a return. They bought stock, they bought insurance, they bought property ... and they have been rewarded. "Their money works for them". They have put their money to work in markets that get them the highest return. That would seem to be the eminently logical approach, don't you think?
Certainly the wealthy have 'invested' their money. Some have bought real estate and profited by the boom in rising housing prices. Some have bought stocks in existing companies- hence the stock market boom. They have put their money to work- certainly- but that doesn't automatically- as we have seen in the last 20 years- translate into a benefit for the middle class.
Investments outside the United States not only do not benefit the American middle class, they provide capital for companies to compete against the American middle class. Yes- those producers are putting their money to work- and that doesn't mean it will benefit the American middle class.
Nor am I saying that investment must benefit the middle class. That has never been my position.
My position is that Trump and the Republicans are lying to the American people by claiming that this package of tax cuts is specifically to benefit the middle class and to create jobs.
The Estate tax does not specifically do either. Yes- there may be some trickle down benefit- but you can't quantify it- nor have you even attempted to provide any facts to support your spurious position that eliminating the Estate Tax is for the benefit of the middle class.
Eliminating the Estate tax is primarily to benefit the wealthiest Americans- and one of the biggest beneficiaries to the elimination of the Estate tax would be the family of Donald Trump.
If you want to show how the middle class will benefit from the elimination of the estate tax- well provide real numbers- Middle class means singles making between $24,000 and $72,000 annually are middle class.
70% of Americans consider themselves middle class—but only 50% are
How much will a single person making $72,000 benefit from the elimination of the Estate Tax?
