More money to 1%: they hoard & hide it. To stimulate economy give money to those without enough (Lower/Middle) & they buy stuff=Increased Consumer Spending=More Demand=More Production(150 mil newcars/tv's)=More Jobs=More Consumer Spending=More&More Jobs=Economic Growth. SIMPLE!
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A handful of billionares can only buy so much. But giving money to millions uses economy of scale. Volume, volume, volume!
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correct... marginal propensity to consume... give more disposable income to people who don't have 'EVERYTHING' & they will buy stuff, requiring higher production, requiring more workers & so more consumers & the economic grwoth cycles upward..
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In an ideal circumstance but governmentally & allowing for life it very seldom works
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1. Our safety nets are too weak & inconsistent to do this. It's expensive to be poor b/c you can't afford resouces necessary for a fully independent existence. A house & car give you the luxuries of stability and mobility. Living paycheck to paycheck leave no margin for savings.
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2. To really work means a livng wage has to be possible for the underclass. They'll then have the opportunity for upward mobility and the luxury of a little left over at the emd of the pay period.
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We need to recognize that what separates 1st world countries from looking like 3rd world countries it's the social safety net, i.e. no children begging in the streets, starvation not a major issue, etc. 3rd world countries have plenty of well off citizens. 1/)
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To remove the social safety net is to begin a slide to a 3rd world economy. Why the Koch's and their ilk don't get this is beyond me. The economy is greased by the masses buying what they need and a little extra 2/2
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Facts and figures please Senator. You are allowed 280 characters now. No need for rhetorical sound bites.
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The collateral damage alone makes the tax-'reform' a seriously stupid plan. Read it before you judge. The fine print is where they get us.
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Lionel is sealioning
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I don't think you understand what that word means. The person simply wants facts, not vague half opinions.
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Exactly. With 280 characters a US Senator should be able to articulate with some specificity.
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Stubborn bots. The GOP tax "reform" increases taxes on 1/3 Reduces revenue by 1.5 trillion Balloons deficit. False promises of investment increases
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You have a good bullet point review of the plan on who it benefits and who it hurts we can share with the public- Thanks
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Please see this referenced thread by economics wonk
@MichaelSLinden for a list of ‘Who it hurts’ and how,@3L3V3NTH. It’s quite eye-opening.https://twitter.com/kausikdatta22/status/929786466351251457 …
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Further, the massive cuts will mean a shift of the burden to fees, tolls, tuition, local and state taxes, sales taxes, on and on..! Then there will be cuts of services like education, health care, infrastructure, elderly care. Raising park fees from $25 to $75 is the beginning.
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And cutting park budgets down to elitist vacation limit. Watch them steal the land next.
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There already doing that. The farmers have to sell land off to pay for the death tax. Little by little generations of land will be eaten up by the federal government thanks to the democrats who nixed it! Watch the hearings instead of news.
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It does not happen. Long time ag economist from Iowa State said he had NEVER seen a farm sold to pay inheritance tax. Farms that sell today are sold because the next generation does not want to farm. Want to feel sorry for farmers, then look at Mexico buying Argentine corn!!!
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I did not say sale farms!
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