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

There was no insult, attempted or otherwise. My position is based in mathematical and economic fact. I'm sorry you can't comprehend that.

And I've refuted your position.

I've addressed your position and directly refuted it. Pretending otherwise isn't going to change reality.

 

Dodging is not refuting.

Highest poverty levels in the US
Wide gap between the rich and poor with few in the middle
Poorest road conditions in spite of spending more than twice per mile of road than the rest of the country
Schools rank with the lowest
CA cities were on the brink of insolvency before Covid
Homelessness at record levels. (They did not come from colder states)

 

Which were my facts, you simply failed to do the math, I can't help that.

#9 Illinois - 9.62%

#13 California - 9.27%

#20 Kansas - 8.83%

Whats the difference between those 3 numbers?
Do the math then check my post, you will find, if you're honest, the numbers MATCH. No 'deflecting', just pointing out the truth.
If you can't handle the truth it isn't my fault.
Bottom line, trickle down is a failure and we have KS to prove it.
If you don't like it then I suggest you take a long serious look at what your party stands for what they have done to the nation over the last 50 years.

 

And the hell of it is, I and others here in America didn't need a degree in international economics to know this...we just LIVED it!

I remember the late, great talk show host Ed Schultz asked going into the 2nd term of G.W. Bush, who put reaganomics on steriods, "where are the jobs?"

 

you’ve confused yourself again. I’ve directly addressed and refuted your claims.

Addressed this already

 

2018 was a record year for revenue.

Now, which part of this list is false?

Highest poverty levels in the US
Wide gap between the rich and poor with few in the middle
Poorest road conditions in spite of spending more than twice per mile of road than the rest of the country
Schools rank with the lowest
CA cities were on the brink of insolvency before Covid
Homelessness at record levels. (They did not come from colder states)

 

Addressed this. Revenues were less than they would have been.

Addressed this already as well

 

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

Excessive taxes do not benefit society. The best you can do is nuh uh and "its the weather"

Politicians need blind followers to ignore results and rebleat talking points. Results speak for themselves.

 

I'm bang on actually. The only thing that becomes obvious is your weak attempt to muddy the waters. But I could be wrong. If its as obvious as you say go ahead and show your work.

 

Then leave.

 

The fact that you think it negates this, "CA leads the nation in GDP, and is the 5th largest in the entire world".

 

Not under Trump and Bush43 with their supply side cuts which the ones under Bush were wiped out by the Obama/Biden economic policies. Trump with his tax rate cuts not only turned that around but produced faster income growth at the bottom and record low levels of unemployment and even turned around the downward loses in the LFPR under Obama/Biden.

 

When did supply-side tax rates not work in THIS country and be specific with the data to back it up.

 

Yep more jobs, rising wages, more tax payers and soaring tax revenues. What do you have against that? How did the Obama/Biden trickle-up policies work out?

 

You realize that everything you posted — more jobs, rising wages, more tax payers and soaring tax revenues — happened under the Obama administration and was handed off to the trump administration where he ramped up spending, reclassified payroll taxes as income taxes to make his numbers appear better, and then mismanaged COVID so poorly that the economy crashed? Right?
Most nations have closed and opened twice now and we are still on the first wave...

Horse and sparrow economics only makes the wealthy wealthier.


We have tried Republican math for a while now, it is time to try something new
If it fails y’all can revert it back in 50 years and rub it in our faces — like we are doing now

 

They did great.

 

tax cuts for the rich have not changed my life, has not helped the debt

how has Trump hardly paying any taxes helped your life?

 

proven false.

also proven false

I find this hilarious about ignoring results, when you ignore the over 40 years of data showing Reagans trickle down revolution was a complete failure.

 

If I had a weak position, maybe I would have to resort to cheap jabs. Irresponsible spending is not the result of not taking in enough taxes. I gave an example of where taxes are the highest along with the results. You will find links at the bottom.

Saying "refuted" and "proven false" is not the same as posting facts. You posted one year that showed revenue higher than any prior year. When presented with actual results, you came up with "Its the weather and housing costs"

Lets say you could tax the rich as much as you want. What end game do you have in mind? Can you tell me what benefit to society you are proposing?

The problem with the "if you don't like it, leave" argument is that eventually there is nowhere to go. Jobs can easily be sent overseas, but people are left behind. California is an example of how excessive taxes cause businesses and jobs to flee to more tax friendly states.

That makes these poor results even more inexcusable and is an example of why increasing revenue is not the answer.

In spite of paying the highest taxes, CA leads the nation in poverty.

https://www.politifact.com/factchec...alifornia-has-nations-highest-poverty-rate-w/

The gap between the rich and poor is widening:

https://www.nytimes.com/2019/09/17/us/california-income-inequality.html

CA roads are among the worst in spite of a gas tax on top of a gas tax combined with higher registration fees.

https://www.usnews.com/news/best-st.../these-states-have-the-worst-roads-in-america

CA schools are below average

https://wallethub.com/edu/e/states-with-the-best-schools/5335

Of course, those working for the government will be okay:

https://www.forbes.com/sites/adaman...ks-cost-taxpayers-45-billion/?sh=5c1dc9ca5fb8

Businesses are fleeing CA

https://www.bloomberg.com/opinion/a...s-are-fleeing-california-blame-bad-government

 

Debate? You don't understand the meaning of the word, if you think I'm wasting my time trying to penetrate the bubble you have build around yourself, think again.

 

Failed?? Before the china virus struck President Trump had the greatest economy going ever, with the lowest unemployment since WWII. And look at the stock market numbers.

Huge smoke screen on your part but totally not true.

 

So... still unable to debate my point. Employment IS trickle down.

Prove me wrong.

 

I’ve repeatedly shown you tax cuts decrease revenue. It’s basic math. That you choose to reject reality has no bearing on that fact.

Less deficit and debt. Wealth gap narrowing to early 1980 levels instead of the historic highs we have today.

 

While you have repeated yourself, you have not qualified your statements with links. I posted facts with links to back them up.

As far as your end game, I can certainly respect that position, however, results show that increased revenue results in increased spending and increased debt. I was able to show that increased taxes to not close the gap. My link shows the opposite.

 

You did no such thing. You said federal tax receipts increased in 2018. While correct, they were lower than they would have been had trump not slashed tax rates, because..............math.

not really. Spending increases pretty much every year, out of necessity. Problem comes when republicans cut taxes, which reduces receipts, and increase spending at the same time, exploding the deficit.

we have over 40 years of data showing otherwise.