Trump's Tax Plan
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Danny Bateman
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BigRedBuster
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If there is any bank that has excess capital and is doing well, it SHOULDNT be Wells Fargo.
They should be out of business.
VectorVictor
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VectorVictor
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schriznoeder
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[No message]
Danny Bateman
Active member
Analyses keep pouring in for the new tax bill... and they keep getting worse. Particularly unfavorable one from the esteemed President's alma mater:
Also, in the event you actually buy the nonsense about us being the highest-taxed nation in the world and the wealthy being overencumbered by their tax burden, this is a very interesting study. I just started a book by notable liberal economist Paul Krugman. In the first few chapters he made a very convincing case from the early 1900s until FDR's presidency, the power and wealth in America resided in the hands of very few, and the politics reflected that. Politicians mainly did the bidding of the very wealthy. Starting with FDR's New Deal and up until the 1980s and Reagan, we saw a flourishing of the middle class and a reversal of the unchecked income inequality, tracking closely with an era of upstanding bipartisanship and compromise to benefit that vast majority of the country. The wealthy no longer had a stranglehold on the wealth or the policy of the government. Then came Reagan and movement conservatism, which Krugman contends pushed us right back into our pre-FDR ways, which of course sent income inequality skyrocketing and is culminating in the political system we've got right now, where the GOP has seized control and is about to push an albatross of a tax bill across the president's desk which almost exclusively serves to benefit the very wealthy that control their re-election funds.
Here's the study showing we're moving in the wrong direction (& have been since Reagan), as well as some charts to back it up. Some fantastic graphics in the piece itself:
Also, in the event you actually buy the nonsense about us being the highest-taxed nation in the world and the wealthy being overencumbered by their tax burden, this is a very interesting study. I just started a book by notable liberal economist Paul Krugman. In the first few chapters he made a very convincing case from the early 1900s until FDR's presidency, the power and wealth in America resided in the hands of very few, and the politics reflected that. Politicians mainly did the bidding of the very wealthy. Starting with FDR's New Deal and up until the 1980s and Reagan, we saw a flourishing of the middle class and a reversal of the unchecked income inequality, tracking closely with an era of upstanding bipartisanship and compromise to benefit that vast majority of the country. The wealthy no longer had a stranglehold on the wealth or the policy of the government. Then came Reagan and movement conservatism, which Krugman contends pushed us right back into our pre-FDR ways, which of course sent income inequality skyrocketing and is culminating in the political system we've got right now, where the GOP has seized control and is about to push an albatross of a tax bill across the president's desk which almost exclusively serves to benefit the very wealthy that control their re-election funds.
Here's the study showing we're moving in the wrong direction (& have been since Reagan), as well as some charts to back it up. Some fantastic graphics in the piece itself:
schriznoeder
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What?! Who would have EVER seen this coming?
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BigRedBuster
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schriznoeder
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Shhh, don't be trying to get all fancy with your facts and figures.
45timesbetterthanemptysuit
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This is false. Based on a debunked meme. Unless you can back it up with a reliable source, you should retract this.BigRedBuster said:
BigRedBuster
Well-known member
I won't retract it.
Before he decided that he could fool Republicans into voting for him, he supported gun control, abortion rights and many other liberal agenda items. But, Republicans seem to forget or don't care about any of that.
45timesbetterthanemptysuit
New member
Wow! That is not impressive at all! That is what 3? 4% of the people in New Jersey that bothered to vote in Mr Bookers last election?
Oh, New Jersey is a high tax (democrat) State. They will not be able to deduct all of there ridiculously high state taxes so of course they stand to have a high percentage of the minority of Americans that will be adversely affected by this tax cut.
45timesbetterthanemptysuit
New member
Ahh so your standard is unsupported statements that are not fact based? Good to know where you stand on lies and propaganda!
You are absolutely wrong, and spreading at least one lie. It is likely everything you just typed is wrong also
