We've been doing tax cuts for billionaires with the promise of trickle-down from Reagan to Dubya. All US has to show for it is huge debts.
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It seems that we've seen this picture over and over again. Insanity's finest example.
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His theories are based on
#TrickleDown economics. The idea that corporations will invest in the workforce and lose shareholder value is nil.Thanks. Twitter will use this to make your timeline better. UndoUndo
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The Communist / Dems believe that the money belongs to the Government & only they have the authority to distribute tax funds. Simple .
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Where and when is this proof?
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@paulkrugman What is the net-net of this policy? Wages going up sounds great but doesn't mean much when the shift in tax burden falls it.Thanks. Twitter will use this to make your timeline better. UndoUndo
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Clearly none of the lefties read the article, in short w/lower corp taxes businesses will expand, hire more & create wealth for new workers
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False. Businesses only expand when there's demand for it. Supply-side tax cuts don't create demand. Those businesses are either going to invest in productivity technology or give the extra profits to shareholders.
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Good point. But, how does raising corp taxes increase demand? isnt the drive behind a corp tax cut is to capture cash US corps horde abroad?
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In turn decreasing the deficit. but thats a rational world scenario which is the issue w/economics in the first place
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You have corporations paying 0% effective tax rate on what they report *now*. Why on earth do you think they'd willingly pay anything on repatriated cash?
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Well if they are not paying it now. Then how do you incentivize them to move the money back to the US?
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You're asking the wrong question. The real question is, why will the IRS go after an average American for $10,000 in back taxes but not corporations who collectively owe billions upon billions?
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1. Path of least resistance 2. Using the loopholes arent illegal. That being said, there should be no complex loopholes
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He’s smart. Just what I have been explaining for decades.
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Is it normal for an opinion piece to not list whose opinion it is? https://www.wsj.com/articles/about-us-1384185904?tesla=y … Do I really have to subscribe to find out?
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I always find it interesting that they say it going to translate into higher wages but say nothing about making sure it happens
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