50 years of tax cuts for the rich failed to trickle down, economics study says

You posted a hypothetical opinion. Thank you for that. Your opinion does for refute the fact I posted or you would be able to post the year and the dollar amount. Nuh uh! is not a valid argument.

Tax cuts have never resulted in a loss of revenue for the federal government.

 

The suggestion didn't address 'what benefit for society' that's another subject.

No, I'm only proposing fair method of taxation by the government. Whether it will actually cover the Government's needs, i don't know, it would have to be analyzed, which I haven't done.

If you are in a taxable bracket, the government does have a legitimate claim on a portion of it. The precise portion depends on how much income.

That is not something " I see", that is not an opinion, nor does it depend on my opinion, that is a statement of fact.

 

So you see my labor as government property and the end game is to use my labor to cover government needs? That is a communist position.

 

https://www.forbes.com/sites/christ...eficits-in-expanding-economy/?sh=24f1a6f966c4

Trump’s Wasteful Tax Cuts Lead To Continued Trillion Dollar Deficits In Expanding Economy

The author states his credentials:

Christian Weller
I am an economist focusing on retirement security, wealth inequality and economic policy. I care about how people handle economic risks and whether policies to address these risks can help reduce inequality. My research appears both in academic publications and as policy reports for Washington think tanks. I am a professor of public policy at the University of Massachusetts Boston and a senior fellow at the Center for American Progress, Washington, DC

 

I am not in the slightest bit interested in penetrating the little bubble you have built around yourself; it’s a complete waste of time.
Have nice day.

 

I appreciate discussing opinions, but the fact I posted remains unchallenged. Deficits are the result of spending. Can you post the year and the dollar amount where you believe the federal government brought in less due to tax cuts?

 

Lack of rebuttal noted.

 

When was there a drop in revenue pre-Covid?

 

More BLAH BLAH BLAH and nonwhite flag. As I said

It is pointless.

 

Don't wait for wealth to trickle down buy cryptocurrency today.....

.....one word: Doge

 

I pointed out basic math. I'm sorry if that is too difficult for you.

I didn't offer an opinion. I pointed out a mathematical fact.

tax cuts result in a loss of revenue every single time they are made, because..................................math

 

If you had facts on your side, you wouldn't have to resort to cheap insult attempts. Results are already in and the math has already been done for you. Please post the year and the dollar amount that refutes the fact that:

Tax cuts have never resulted in a loss of revenue for the federal government.

 

I've done this already. 22% of something is always less than 29% of something. this is basic grade school math. We know the economy didn't suddenly take off after trump cut taxes. Every economic metric remained on the same unchanging trend line from 2010 until the pandemic hit. So, we know that revenue was decreased because the rate at which we collected revenue was decreased. This is very , very basic stuff.

 

Your statement (In bold) is false. The value of "something" would have to be a constant. It never is.

Your second false statement (Also in bold) is why you cannot produce a year and dollar amount.

Tax cuts have never resulted in a loss of revenue for the federal government.

 

math is false? lol ok.

math is false? lol ok.

refuted by...................................math. 22% is and always will be less than 29% of something.

 

Oh, it's suppositions is it? Why then do you have a different 'enough' for every person on assistance? Surely if this was all supposition, and untrue, pretty much everyone on welfare would deem it 'enough', yes?

Meantime it has nothing to do with cynicism, and everything to do with the realities of the human condition. If you attribute some kind of emotion to stating such facts, that merely reflects your own emotion-based approach.

 

Exactly! Ignoring the elephant in the room reveals their true motives (hint - it's not elevation of the human condition).

 

Taxes are not your property.

 

Well we do know that they don't result in an increase.

 

After the Clinton tax rate increase tax revenue growth slowed from 9% to 7%.
After the Gingrich/Kaisch tax rate decrease tax revenue growth hit 10%
After the Bush43/Rep tax rate decrease tax revenue growth hit 15%

Some would claim it's a simply first grade static math equation 1+1=2 when in fact it is a very involved dynamic economics equation far about 6th grade civics.

 

That is a communist position. The fruits of ones labor was once as asset for slave owners. Now, more than half my labor is for the government.

 

Nope its capitalist, payment for govt services.

 

sad we needed a study to prove this, but republicans will ignore it I am sure

 

not for rich people like Trump, I bet you paid more in taxes last year then he paid in 10

but don't worry they will trickle down on us soon

 

Trickle-down works exactly the way republicans want it to.