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Aella_Girl's profile
Aella
Aella
Aella
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@Aella_Girl

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AellaVerified account

@Aella_Girl

whorelord http://aella.hns.to 

Austin
knowingless.com
Joined September 2012

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    1. Aella‏Verified account @Aella_Girl 27 Dec 2019

      "trickle down theory" seems obviously correct to me. Like, if a person has lots of money, it's stupid to sit on it - they invest it, found businesses, hire people, buy things - all of which are putting money back into lower tiers of the economy to me. Am I missing something big?

      335 replies 15 retweets 361 likes
    2. Jorn‏ @WoodFeels 27 Dec 2019
      Replying to @Aella_Girl

      Most of the money saved in big business tax cuts goes towards stock buybacks which raises the price of the stock but does little else for the economy. the money does not “trickle down” to the lower ranks of the company it stays at the top.

      4 replies 0 retweets 30 likes
    3. Aella‏Verified account @Aella_Girl 27 Dec 2019
      Replying to @WoodFeels

      But isn't raising stock price good for the economy?

      17 replies 0 retweets 4 likes
    4. Adam Reid‏ @iAmAdamReid 27 Dec 2019
      Replying to @Aella_Girl @WoodFeels

      Only for those who have ownership of stock in the market. The market reflects how good the economy is for the class that owns assets. More and more people do not fit this category. More and more people will never “own” anything, and have to pay money to those that do.

      1 reply 0 retweets 20 likes
      Aella‏Verified account @Aella_Girl 27 Dec 2019
      Replying to @iAmAdamReid @WoodFeels

      I own stock. If I get richer from stock going up, I invest more and have more to spend on e.g. a house, which requires paying people to build it. Taxes on income do seem to reduce the usefulness of trickle down tho

      4:05 PM - 27 Dec 2019
      • 5 Likes
      • Toucher of Grass Michael Zaro Samir Abdul G foo
      5 replies 0 retweets 5 likes
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        2. Adam Reid‏ @iAmAdamReid 27 Dec 2019
          Replying to @Aella_Girl @WoodFeels

          That’s part of it, income taxes are in need of an overhaul. A person whose income is $500k pays the same income tax rate as someone who makes $50m.

          2 replies 0 retweets 1 like
        3. Adam Reid‏ @iAmAdamReid 27 Dec 2019
          Replying to @iAmAdamReid @Aella_Girl @WoodFeels

          That being said, the rich do pay the majority of the taxes already. But the real indicator of the health of the economy is how accessible asset ownership is to the average person, IMO. As asset prices increase, debt makes up the difference, and most drown in interest payments.

          1 reply 0 retweets 4 likes
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        2. Rafael‏ @w0dinga 27 Dec 2019
          Replying to @Aella_Girl @iAmAdamReid @WoodFeels

          Vast majority of people don’t and can’t own stock. So the economy looks great if you’re one of the few that has capital.

          1 reply 0 retweets 6 likes
        3. FeliciaSW‏ @feliciahsiehsw 28 Dec 2019
          Replying to @w0dinga @Aella_Girl and

          This is not true. Many people can own stocks, they just think they can't. There are DRIPS (Dividend Reinvestment Programs). Many brokerages have low minimums, and as of a few weeks ago, there are no more stock trading fees, which used to be a low $10 anyways.

          2 replies 0 retweets 1 like
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        1. FeliciaSW‏ @feliciahsiehsw 28 Dec 2019
          Replying to @Aella_Girl @iAmAdamReid @WoodFeels

          Taxes are useful for collecting money for the society as a whole. Otherwise no one would pay to build the first electrical grid, telephone system, national highways, public education, national defense, national parks, etc. I do wish the funds were used more efficiently, through.

          0 replies 0 retweets 0 likes
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        1. FeliciaSW‏ @feliciahsiehsw 28 Dec 2019
          Replying to @Aella_Girl @iAmAdamReid @WoodFeels

          Unless the house is a new build, the house will probably be an existing home (like most real estate home sales). The contribution to the economy will probably come from new furnishings and appliances, and the spending will come in the future, not today.

          0 replies 0 retweets 1 like
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        2. Jackwise Gamgee‏ @Muscle_Beach 29 Dec 2019
          Replying to @jamusrants @Aella_Girl and

          A stock price going up is just what happens first. AFTER your wealth and money increases, more can be spent and invested thus trickling to other areas

          0 replies 0 retweets 0 likes
        3. End of conversation

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