New study tells us what we already knew

[Crepitus]

50 years of tax cuts for the rich failed to trickle down, economics study says​

Turns out that only 1 group benefits from tax cuts for the rich.

If you guessed "the rich", you are correct.

Not just in the US, the study includes 18 different countries.

And in every one all it did was make the rich richer, expanding the inequality.


"Per capita gross domestic product and unemployment rates were nearly identical after five years in countries that slashed taxes on the rich and in those that didn't, the study found.

But the analysis discovered one major change: The incomes of the rich grew much faster in countries where tax rates were lowered. Instead of trickling down to the middle class, tax cuts for the rich may not accomplish much more than help the rich keep more of their riches and exacerbate income inequality, the research indicates."


And the republicans wanna do it again, of course.

 

[frigidweirdo]

50 years of tax cuts for the rich failed to trickle down, economics study says​

Turns out that only 1 group benefits from tax cuts for the rich.

If you guessed "the rich", you are correct.

Not just in the US, the study includes 18 different countries.

And in every one all it did was make the rich richer, expanding the inequality.


"Per capita gross domestic product and unemployment rates were nearly identical after five years in countries that slashed taxes on the rich and in those that didn't, the study found.

But the analysis discovered one major change: The incomes of the rich grew much faster in countries where tax rates were lowered. Instead of trickling down to the middle class, tax cuts for the rich may not accomplish much more than help the rich keep more of their riches and exacerbate income inequality, the research indicates."


And the republicans wanna do it again, of course.

View attachment 935832

Of course. But the rich are the ones telling us that we need to have such tax cuts all the time. They have lots of money to communicate this and they know how to do it to make the stupid feel like it's in their interests.

 

[DukeU]

Stop coveting other people's money.

 

[HikerGuy83]

The study says nothing of the wealth of the poor.

Which already puts it on thin ice.

I really don't care what others have.

I care what I have.

Apparently the researchers don't feel the same way.

 

[Votto]

50 years of tax cuts for the rich failed to trickle down, economics study says​

Turns out that only 1 group benefits from tax cuts for the rich.

If you guessed "the rich", you are correct.

Not just in the US, the study includes 18 different countries.

And in every one all it did was make the rich richer, expanding the inequality.


"Per capita gross domestic product and unemployment rates were nearly identical after five years in countries that slashed taxes on the rich and in those that didn't, the study found.

But the analysis discovered one major change: The incomes of the rich grew much faster in countries where tax rates were lowered. Instead of trickling down to the middle class, tax cuts for the rich may not accomplish much more than help the rich keep more of their riches and exacerbate income inequality, the research indicates."


And the republicans wanna do it again, of course.

View attachment 935832

And the Left just proved basic economics, printing massive amounts of money out of thin air causes mass inflation, which absolutely crushes the poor.

 

[HikerGuy83]

Wonder what the London Farce has to say about a 32 Trillion dollar debt. ?

 

[HikerGuy83]

Many republicans want a balanced budget. The OP knows that, but seems to live in a bubble.

How do we get that.

I am willing to raise taxes. For every dollar of taxes raised, I want 2 dollars of spending cuts.

We can get there.

But the left wing gravy train and the right wing support of it, have to stop.

 

[Votto]

Wonder what the London Farce has to say about a 32 Trillion dollar debt. ?

The great thing about the US political system is that there is zero opposition to the massive spending.

It's just one big circle jerk with Marjory crying in between.

 

[Toddsterpatriot]

Already, Mr. Trump's tax cuts have lifted the fortunes of the ultra-rich, according to 2019 research from two prominent economists, Emmanuel Saez and Gabriel Zucman of the University of California at Berkeley. For the first time in a century, the 400 richest American families paid lower taxes in 2018 than people in the middle class, the economists found.

That's some funny stuff.
They should write for late night.

 

[shockedcanadian]

You also need to provide the coinciding study of government waste. The level of waste without consequences becomes essentially corruption without the label. This is how great societies can come to a halt.

 

[Couchpotato]

50 years of tax cuts for the rich failed to trickle down, economics study says​

Turns out that only 1 group benefits from tax cuts for the rich.

If you guessed "the rich", you are correct.

Not just in the US, the study includes 18 different countries.

And in every one all it did was make the rich richer, expanding the inequality.


"Per capita gross domestic product and unemployment rates were nearly identical after five years in countries that slashed taxes on the rich and in those that didn't, the study found.

But the analysis discovered one major change: The incomes of the rich grew much faster in countries where tax rates were lowered. Instead of trickling down to the middle class, tax cuts for the rich may not accomplish much more than help the rich keep more of their riches and exacerbate income inequality, the research indicates."


And the republicans wanna do it again, of course.

View attachment 935832

Poor people dont pay taxes in the US. It’s tough to benefit from a tax cut when you aren’t paying any in the first place.

Contrarily, the top 10% of wage earners pay more than 50% of the taxes.

All that said since there isnt a finite amount of wealth in the world why does it matter to you how much money someone else has it hasn’t kept you or anyone else from earning a dime.

Also why do you think you have some right to other people’s money?

 

[TroglocratsRdumb]

The Democrat Party exploits Losers who envy successful people.

 

[Winco]

Poor people dont pay taxes in the US. It’s tough to benefit from a tax cut when you aren’t paying any in the first place.

Contrarily, the top 10% of wage earners pay more than 50% of the taxes.

Such Ignorance. ^^^^^^^^
Sure they do.

 

[Couchpotato]

Such Ignorance. ^^^^^^^^
Sure they do.
View attachment 935857

Um. No they really don’t.

 

[MarathonMike]

50 years of tax cuts for the rich failed to trickle down, economics study says​

Turns out that only 1 group benefits from tax cuts for the rich.

If you guessed "the rich", you are correct.

Not just in the US, the study includes 18 different countries.

And in every one all it did was make the rich richer, expanding the inequality.


"Per capita gross domestic product and unemployment rates were nearly identical after five years in countries that slashed taxes on the rich and in those that didn't, the study found.

But the analysis discovered one major change: The incomes of the rich grew much faster in countries where tax rates were lowered. Instead of trickling down to the middle class, tax cuts for the rich may not accomplish much more than help the rich keep more of their riches and exacerbate income inequality, the research indicates."


And the republicans wanna do it again, of course.

View attachment 935832

In a progressive tax system, "the rich" pay the vast majority of the taxes. So why wouldn't they receive the majority of a tax cut?

 

[HikerGuy83]

The question I have is....why are we cutting taxes when we are in deficit ?

We should certainly be cutting spending. But we should not be cutting taxes.

 

[John Edgar Slow Horses]

Stop coveting other people's money.

Moral and ethical taxation is appropriate. The rich should be thankful for their bounty to return a small fraction for the benefit of all.

 

[HikerGuy83]

Moral and ethical taxation is appropriate. The rich should be thankful for their bounty to return a small fraction for the benefit of all.

Can you show me where that is written ?

Or is this just your opinion ?

BTW: What is "moral" taxation ? Can you give an example please ?

The same with "ethical" taxation. How is that defined ?

 

[Care4all]

And the Left just proved basic economics, printing massive amounts of money out of thin air causes mass inflation, which absolutely crushes the poor.

Trump did that... Is he the Left?

 

[HikerGuy83]

What did this new study tell us ?

It tells us that Crepitus likes to post stuff without reading it.