You're not imagining it: the rich really are hoarding economic growth

[4est_4est_Gump]

Economics by pictures.



What's not to love about that?


Here's something for you to look up. Ever since Trump's border crackdown, wages have been rising...



I've (and others) patiently tried to tell a lot of y'all for years some of the factors depressing wages and you didn't want to hear a word of it, it was easier to scream racism (even though Hispanic is not a race) than it was to give up the economic musing of Karl Marx (which he never even attempted to prove).

 

[toeskr]

Shhhsh, I'm secretly hiding my economic growth.

Not hoarding btw.

 

[adrina]

Yes Miles you are a consistent moron.

These are data sets that chart what has occurred. Not how. In fact they made it a specific point of the article to say the cause is debated.

 

[toeskr]

Yes Miles you are a consistent moron.

These are data sets that chart what has occurred. Not how. In fact they made it a specific point of the article to say the cause is debated.

"We" know you are trysails leftist alt, come on! Please give us some charts and graphs and shit. Or as it is commonly called, SPAM!

 

[4est_4est_Gump]

Leftist economics in one easy lesson:

...

Where does the money go, given that the state’s schools and infrastructure rank among America’s worst in national surveys?

Illegal immigration over the last 30 years, the exodus of millions of middle-class Californians, and huge wealth concentrated in the L.A. basin and Silicon Valley have turned the state into a medieval manor of knights and peasants, with ever fewer in between.

The strapped middle class continues to flee bad schools, high taxes, rampant crime, and poor state services. About one-third of the nation’s welfare recipients reside in California. Approximately one-fifth of the state lives below the poverty line. More than a quarter of Californians were not born in the United States.

Many of the state’s wealthiest residents support high taxes, no-growth green policies, and subsidies for the poor. They do so because they reside in apartheid neighborhoods and have the material and political wherewithal to become exempt from the consequences of their own utopian bromides.

Blue California has no two-party politics anymore. Its campuses, from Berkeley to Claremont, have proven among the most hostile to free speech in the nation.

...

Victor Davis Hanson
http://www.nationalreview.com/node/450320/print

 

[adrina]

"We" know you are trysails leftist alt, come on! Please give us some charts and graphs and shit. Or as it is commonly called, SPAM!

Maybe you should just join AJ in thinking that a sudden small decrease in illegal immigration reverses a 40 year trend or his hypothesis that the policies that rule the state with the highest GDP in the country are responsible for the information contained in these data sets.

All three of those things are equally valuable to this discussion.

 

[4est_4est_Gump]

Excessive regulation

Unlimited cheap labor

Highest corporate taxes of almost all developed countries

Insane red green movement based upon faked science

These are among the factors driving the income gap. For those at the top, they simply charge more and a of of it is investment, not actual goods and services. But who can talk to you when you have some graphs and charts. Isn't that what the study of economic is?

Graphs and charts???

 

[toeskr]

Maybe you should just join AJ in thinking that a sudden small decrease in illegal immigration reverses a 40 year trend or his hypothesis that the policies that rule the state with the highest GDP in the country are responsible for the information contained in these data sets.

All three of those things are equally valuable to this discussion.

I need graphs, charts, statistics!

Come on, step up. You have been so great at that lately. Teach us shit, wow us.

You wouldn't know who AJ was if he bumped you in the ass.

 

[adrina]

Excessive regulation

Unlimited cheap labor

Highest corporate taxes of almost all developed countries

Insane red green movement based upon faked science

These are among the factors driving the income gap. For those at the top, they simply charge more and a of of it is investment, not actual goods and services. But who can talk to you when you have some graphs and charts. Isn't that what the study of economic is?

Graphs and charts???

Or you know that we've had a tax policy that has been orchestrated by the ultra rich to benefit the ultra rich.

As that is the actual event that fits in with the time line in the data sets.

But don't let that get in the way of your talking points.

 

[adrina]

I need graphs, charts, statistics!

Come on, step up. You have been so great at that lately. Teach us shit, wow us.

You wouldn't know who AJ was if he bumped you in the ass.

At some point do you think you'll ever get tired of being an idiot?

 

[toeskr]

At some point do you think you'll ever get tired of being an idiot?

Funny, I was going to ask you the same thing.

 

[4est_4est_Gump]

I've been talking about it for fucking years.

When you decide that the tax code is the proper way to establish Social Justice outcomes, a way to soak the rich and a way to alleviate poverty, the only people who will actually benefit are the ones writing the tax code and the ones paying for access to the writers of the tax code. (And the same goes with the beloved regulatory state.)

It is no secret as to the mechanism of how the rich and powerful enrich and protect themselves. It is always those whom think they can create a utopia that create dystopia and create the conditions for impoverishing the middle class because, you know, graphs and charts as a call to arms and action...

It is the major reason as to why I am such a proponent of the FairTax.org.

 

[adrina]

I've been talking about it for fucking years.

When you decide that the tax code is the proper way to establish Social Justice outcomes, a way to soak the rich and a way to alleviate poverty, the only people who will actually benefit are the ones writing the tax code and the ones paying for access to the writers of the tax code. (And the same goes with the beloved regulatory state.)

It is no secret as to the mechanism of how the rich and powerful enrich and protect themselves. It is always those whom think they can create a utopia that create dystopia and create the conditions for impoverishing the middle class because, you know, graphs and charts as a call to arms and action...

It is the major reason as to why I am such a proponent of the FairTax.org.

Yes the tax code has been used by the wealthy to increase their wealth. Putting it back is not "social justice outcomes". It's smart economics for the middle class.

 

[adrina]

Funny, I was going to ask you the same thing.

Come talk to me when your average post has more than a dozen words and two sentences.

 

[toeskr]

Come talk to me when your average post has more than a dozen words and two sentences.

And you want me to pay for your poor decisions and lack of judgment, thanks but I'll pass on that. Nah.

Good luck with that.

 

[4est_4est_Gump]

Yes the tax code has been used by the wealthy to increase their wealth. Putting it back is not "social justice outcomes". It's smart economics for the middle class.

Putting it back?

We've done that several times. As long as the thought process is "income" tax, then you are engaging in Social Justice policy and the beneficiaries are always going to be the ones you're demanding be reined in.

No income tax is ever going to benefit the middle class. They always bear the brunt of it. Those who create the goods and services pay their income tax by passing the cost on to their basic consumers, the middle class.

But you, you in all your brilliant glory, have graphs and charts.

 

[adrina]

Putting it back?

We've done that several times. As long as the thought process is "income" tax, then you are engaging in Social Justice policy and the beneficiaries are always going to be the ones you're demanding be reined in.

No income tax is ever going to benefit the middle class. They always bear the brunt of it. Those who create the goods and services pay their income tax by passing the cost on to their basic consumers, the middle class.

But you, you in all your brilliant glory, have graphs and charts.

Uh no we haven't.

We've been doing some damn form of trickle down economics for decades. it's not working.

You don't like what the data says so you try to denigrate it. You keep shilling for the policy that started this mess. It's been demonstrated repeatedly that tax cuts for the wealthy provide minimal economic growth. Again, trickle down does not work.

The income tax isn't going anywhere any time soon. If at all. In the meantime we are dealing with a tax policy engineered by the wealthy that screws everyone else and isn't good for the middle class. The old tax structure did not reflect the wage stagnation of middle class America so you really are going to have to provide some kind of support for your statement that income tax has never helped the middle class.

You act like corporate America's record profits and record low tax burdens aren't a thing.

 

[4est_4est_Gump]

Trickle Down Economics is not an economic term, it's a political pejorative.





What we have been doing is using the tax code to tax income and the initial target was just the rich. We incentivized, in the name of Social Justice guided by the wackadoodle philosophy that some people have too much money and it's not fair, the rich to protect themselves and their wealth, and they did. They subsidize the politicians and then direct them to their aims and goals.

Look at Warren Buffett. He came out hard against income inequality pointing out that his secretary was taxed at a higher effective rate than he was. That's because he helped, from behind the scenes, to negotiate a lower effective rate with purchased politicians who wanted to keep the gravy flowing to them rather than to the other party or a primary challenger. He came out very vocally pro-green and railed against Keystone on the behalf of President Obama while quietly buying up rail stock because the oil was still going to come to the US, just in a less green manner. In short, he keeps getting richer because he understands what useful tools SJWs are...

All that you are doing is telling us that the income tax can be done smarter and better and we need to do it because the charts and graphs tell us we must do something (as it is with global warm..., er..., uh, CLIMATE CHANGE), but you have no access whatsoever to the decision making and law making end of the deal, but people like Buffett do and the law is still going to favor them as long as you focus on "income."

If you want everyone to pay their fair share, then the tax should be based not upon wealth envy, but upon the exchange of goods and services. But that is an idea which doesn't sit well with the SJW because she can only see that such a tax mechanism only hurts the poor and doesn't punish the rich for their "greed."

 

[4est_4est_Gump]

The United States has the third highest general top marginal corporate income tax rate in the world, at 38.92 percent. Due to the recent reduction in Chad’s corporate tax rate, the U.S. rate is exceeded only by the United Arab Emirates and Puerto Rico.


The worldwide average top corporate income tax rate, across 188 countries and tax jurisdictions, is 22.5 percent. After weighting by each jurisdiction’s GDP, the average rate is 29.5 percent.

https://taxfoundation.org/corporate-income-tax-rates-around-world-2016/



You need to be better informed before you make claims.

The main driving force behind your "record" profits is population increase and the Fed issuing fiat currency and propping up Federal spending in weaker dollars, so while you might have a chart and a graph for that, they don't really tell the true story.

 

[water505]

Yes Miles you are a consistent moron.

These are data sets that chart what has occurred. Not how. In fact they made it a specific point of the article to say the cause is debated.

Whatever you say, Pookie.

You said something stupid. I understand that. We all make mistakes. But instead of admitting it you attack me.

The chart says nothing of the sort.

Grow the fuck up.

 

[water505]

You act like corporate America's record profits and record low tax burdens aren't a thing.

Who benefits from those profits?

 

[4est_4est_Gump]

I do!

 

[water505]

Certainly not the tens of millions of hard working people whose savings rely on corporate profits!

Adrina couldn't possibly understand that. She ain't exactly Milton Friedman.

 

[4est_4est_Gump]

I'm not making it personal...





... just admiring the charts and graphs.

 

[adrina]

So let's just switch to a completely new system which has major unanswered critiques leveled at it. Oh pardon, they've been answered with the usual "it will stimulate growth" type BS that sold us trickle down. You don't have to like what it's called - that's what it is labeled as and is an accurate descriptor.

You keep thinking the actual income tax rate paid by US corporations is near 40%. Indeed. Cuz you know, no loopholes or anything exist and there aren't vast scores of US corporations paying none or almost no income tax. Wow.

Yes, Bush had to give tax cuts to everyone else to sell his sell out to the wealthy.

Keep denigrating the charts but don't worry about the data they represent. I'm sure if you read American Thinker or one of those fine pieces of "journalism" they'll tell you how to respond when they come up with one.

While you're worried about "social engineering" - wtf? really - I'd like to see a return to tax policy that is based in common sense and not some ultra rich guy's wet dream.