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Trickle down economics does little to benefit the people. You're an idiot for believing it does.

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posted on Nov, 7 2017 @ 06:23 PM
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originally posted by: intrptr

originally posted by: hopenotfeariswhatweneed

originally posted by: intrptr
a reply to: hopenotfeariswhatweneed


If what you are saying here is true can you please explain how the bank is shedding jobs while enjoying massively increased profits, seems to me the only trickling down is to shareholders.

ATMs replace tellers. Tellers in branches for 'friendly service' aren't really necessary.

I get that, years ago the banks sold to us using ATM's would increase profits to the banks and then would pass on savings to customers, well funnily enough the banks made more money and kept charging customers more money for their services, all the while cutting staff and lower levels of customer service.

Exactly.

Nowadays 'Maximizing Profits" requires they trim every cost no matter how small, because they are playing a losing game they have to make up the loss somehow.

I understand they are actually charging interest to keep your money at some banks now.

How greedy is that?






They were also charging us for using ATM's at $2 a pop, they are so greedy it boggles the mind. Although all banks dropped those ATM charges just last month in October, so as to appease the ever growing angry joe public.




posted on Nov, 7 2017 @ 06:41 PM
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originally posted by: Krazysh0t
Tax breaks for the super rich never works. It's surprising that people still believe in this fantasy story after the 80's and the 00's happened.


Only thing I've ever seen with regards to the "Super Rich" and taxes is capital gains. If it never works, why then are Scandinavian countries sitting with a CG rate of 22-25%?



posted on Nov, 7 2017 @ 06:51 PM
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edit on 7-11-2017 by Wardaddy454 because: Wonky ATS combining posts.



posted on Nov, 7 2017 @ 07:08 PM
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*raises hand*

UM...maybe we should take a LOOK at what we're currently getting FOR our taxes before we raise or lower them?

*ducks behind couch*



posted on Nov, 7 2017 @ 07:15 PM
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originally posted by: ketsuko
a reply to: intrptr

You've got it wrong.

When they can, companies want to grow and make more money for their shareholders, It's about profit. They'll only do that if you make the business environment profitable.

So ...

What are the side effects of making the business environment profitable?

Businesses try to make more profit. They grow. That means they produce more, and that means they need more employees.

When all your businesses are doing this, it necessarily means you have a shortage of labor and less available labor means that companies will need to invest more to get and keep qualified labor as opposed to now when they can simply pay a little to get and keep qualified labor.

When they need to pay a premium for labor, the workers win and can pick and choose their jobs and at better conditions than before and businesses are less stingy because they can afford to be less stingy.

It's not that they invest in their employees out of the goodness of their hearts. It's just a side effect of a generally healthy economy.


Except automation offshoring and green cards mean they have away around that and will squeeze the blood of migrants or machines to pay the multimillion bonuses.


Regards my previous comment,

Adjusted for inflation minimum wage was 21$ dont see why we cant have it there perpetually adjusting for inflation.



posted on Nov, 7 2017 @ 07:59 PM
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a reply to: Southern Guardian

LOL, take an article and suggest that if you disagree with that article "you are an idiot"... I wonder when "Southern Guardian" is going to grow up...

I'll give you an example on how trickle down economics does work, and I will use a modern model to further prove it does work. BTW, just to make it clear, i am not rich, not even close.

Anyway, everyone is aware that there are millions of people who these days are streaming, and they stream about the things they are passionate about. What happens is that fans of those people who stream give money in the form of donations to streamers because they enjoy what those streamers....stream...

This isn't happening just to streamers, there are other people who are receiving large tips and donations such as:



But here is the thing, if people didn't have the money to donate, like lets say people in Venezuela where taxes were not only increased on 'the rich", but the properties of the "rich" were confiscated, and in general the "government" aka Big Brother took control of businesses in Venezuela. Did that help the poor and the middle classes?... It did not. They are worse now than they were before.

So, let me show you some examples of "trickle down economics" which to this day is occurring in western nations like the U.S.



Even gamers have been receiving donations such as:





Of course, most people cannot donate that much money so instead most people donate $1-$25 U.S.D. How do you think people are able to donate money and trickle down money to others?

You think if people were strapped and didn't have enough money to pay for their necessities they would donate money? No...they wouldn't, which is why Venezuela has turned into the same kind of cesspool that Cuba is. You won't see most Cubans, or Venezuelans donating money even thou "the rich were taxed to death, and their businesses are being controlled by the socialist/communist governments."

Are there rich people who also take advantage of tax cuts? sure there are, but in the end it does benefit most people.

The same thing happens when businesses and even corporations have tax cuts. The more money they have the more likely that business is going to stay open which means more job openings and existing jobs will allow employers to get paid, get raises, etc.

But hey, following "Southern Guardian"'s logic, if you don't think trickle down economics works, you are an idiot.


edit on 7-11-2017 by ElectricUniverse because: add and correct comment.



posted on Nov, 7 2017 @ 08:07 PM
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a reply to: Xenogears

Hence why you see so many against perpetual open borders. Immigrants are fine so long as our own are taken care of first, but right now, the door is open to allow business to undercut wages with cheap labor.



posted on Nov, 7 2017 @ 08:14 PM
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originally posted by: olaru12

originally posted by: Teikiatsu

originally posted by: olaru12

originally posted by: Teikiatsu


The problem (if you can call it that) is that rich people tend to save a lot.


Questions:

Where do the rich people save their money?

What is happening with that money that they are saving?

How do the rich people stay rich by saving their money?


Where do the rich people save their money? .....off shore accounts

What is happening with that money that they are saving?.....making interest like a regular account.

How do the rich people stay rich by saving their money?.....by living on the intrest


wealth.barclays.com...



Thank you!

Now, why are they saving them in off-shore accounts instead of in the USA?

EDIT: And I almost forgot, how do those saving accounts build up interest? Where is that extra money coming from?


Now, why are they saving them in off-shore accounts instead of in the USA?....to hide from the IRS and not pay their fair share of taxes.

And I almost forgot, how do those saving accounts build up interest? Where is that extra money coming from?....How can you be so stupid, not to know how banking works. They even teach "money management" in high school...sheesh!

www.thebalance.com...

Do yourself a favor and read this, unless you are comfortable being poor. Think of that little boy!!! And if you think Trumps economic model is going to help you; don't count on it...inflation is going to eat up what little discretionary income you have.

www.amazon.com...=nosim/moneyboss-20/





Instead of insulting, why don't you look at the trail of breadcrumbs I'm trying to lay down, boy.

It's called leading a horse to water, boy. Knowledge retention increases when you have to work for it, boy.

It's called analyzing the issues, boy.

Sheesh.



posted on Nov, 7 2017 @ 09:41 PM
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originally posted by: hopenotfeariswhatweneed

originally posted by: intrptr

originally posted by: hopenotfeariswhatweneed

originally posted by: intrptr
a reply to: hopenotfeariswhatweneed


If what you are saying here is true can you please explain how the bank is shedding jobs while enjoying massively increased profits, seems to me the only trickling down is to shareholders.

ATMs replace tellers. Tellers in branches for 'friendly service' aren't really necessary.

I get that, years ago the banks sold to us using ATM's would increase profits to the banks and then would pass on savings to customers, well funnily enough the banks made more money and kept charging customers more money for their services, all the while cutting staff and lower levels of customer service.

Exactly.

Nowadays 'Maximizing Profits" requires they trim every cost no matter how small, because they are playing a losing game they have to make up the loss somehow.

I understand they are actually charging interest to keep your money at some banks now.

How greedy is that?


They were also charging us for using ATM's at $2 a pop, they are so greedy it boggles the mind. Although all banks dropped those ATM charges just last month in October, so as to appease the ever growing angry joe public.

I wouldn't know, I don't 'Bank'.

The most "telling" events recently were centered around Italy when its banks closed and the ATMS went dark. What do you do?

You money isn't really yours, it belongs to the system. They can alter, hold it, steal it anytime they like.



posted on Nov, 7 2017 @ 09:49 PM
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originally posted by: DanteGaland
*raises hand*

UM...maybe we should take a LOOK at what we're currently getting FOR our taxes before we raise or lower them?

*ducks behind couch*


I get to pay for a bunch of goddamned Kept Voters that are likely to vote consistently for Democrats that want to further raise my taxes to buttress their Kept Voter pool... That's what I'm getting out of this ponzi scheme of horsecrap. I don't work for the government, nor am I on the dole, drawing a pension, or particularly enamored with any of the various socialist BS programs that are supposed to be handled locally specifically because accountability increases dramatically when you have a tighter concentration of voters but have conveniently (and unconstitutionally) been picked up by the federal government.

What are you getting for the taxes I pay, hmm?



posted on Nov, 7 2017 @ 10:01 PM
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a reply to: Southern Guardian

Much better than Obama's trickle up poverty.



posted on Nov, 7 2017 @ 10:11 PM
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a reply to: Southern Guardian

This thread is pure gold.

Trickling down?

I earned my millions of billions and its mine ALL mine.


That is in essence the issue here. The propensity for greed.

Sitting money or improperly used money can be seen as untapped potential. Potential for improvements in infrastructure. Medical and technological research. Space exploration. Increasing the general welfare and much more.

Bottom line is that a lot of people seem to not give a #ing # about others and their well being. Rich or not. It's quite upsetting.

To those that do see the light in generosity and helping others, thank you, you have my and many others gratitude.



edit on 7-11-2017 by CreationBro because: (no reason given)



posted on Nov, 7 2017 @ 10:52 PM
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a reply to: CreationBro

Greed works two ways.

You have millions and while you earned it and I didn't, I don't like that you have it and I don't. That's not fair!

That's just as greedy as anything you just got done typing.

Leave the Joneses to themselves and earn your own. They may very well be greedy, but sitting their whining about how unfair it all is, is just as much greed on your part.



posted on Nov, 7 2017 @ 11:07 PM
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a reply to: CreationBro

"Generosity" doesn't in any way involve taking money by threat of law from some and giving it to others. It's painless to use other people's money to fund your voter base.



posted on Nov, 8 2017 @ 01:00 AM
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originally posted by: burdman30ott6
a reply to: CreationBro

"Generosity" doesn't in any way involve taking money by threat of law from some and giving it to others. It's painless to use other people's money to fund your voter base.





Thats what our elected officials do and that was not his point.



posted on Nov, 8 2017 @ 01:02 AM
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a reply to: intrptr





The most "telling" events recently were centered around Italy when its banks closed and the ATMS went dark. What do you do?



You suck it up and hope for the best, or I guess you can get into the cradle position and start rocking.

You are right it is not our money, it is as simple as them clicking the mouse and just like that your wiped out of existence.



posted on Nov, 8 2017 @ 06:48 AM
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a reply to: hopenotfeariswhatweneed


You are right it is not our money, it is as simple as them clicking the mouse and just like that your wiped out of existence.

Yep. Love the way they say, put your money in "the" bank instead of "our" bank. Once they have your money , its theirs.

They are striving for total digital currency. When that happens no one will buy or sell without an account, accessible from their current 'device'.
edit on 8-11-2017 by intrptr because: bb code



posted on Nov, 8 2017 @ 08:25 AM
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I remember a time when there was no such thing as billionaires. The money in this country was more evenly distributed. I saw what my grandparents had. I also saw everything they fought and worked for get systematically destroyed. I watched an entire generation get robbed of their wealth.
edit on 8-11-2017 by wantsome because: (no reason given)



posted on Nov, 8 2017 @ 08:40 AM
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yes...op

Reaguns trickle down was evil in our face

wages stopped and leveled compared to productivity....reagun he's a drugstore ...truck drivin man.....he's the head of the ku klux klan....



posted on Nov, 8 2017 @ 09:16 AM
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originally posted by: Teikiatsu

originally posted by: olaru12

originally posted by: Teikiatsu

originally posted by: olaru12

originally posted by: Teikiatsu


The problem (if you can call it that) is that rich people tend to save a lot.


Questions:

Where do the rich people save their money?

What is happening with that money that they are saving?

How do the rich people stay rich by saving their money?


Where do the rich people save their money? .....off shore accounts

What is happening with that money that they are saving?.....making interest like a regular account.

How do the rich people stay rich by saving their money?.....by living on the intrest


wealth.barclays.com...



Thank you!

Now, why are they saving them in off-shore accounts instead of in the USA?

EDIT: And I almost forgot, how do those saving accounts build up interest? Where is that extra money coming from?


Now, why are they saving them in off-shore accounts instead of in the USA?....to hide from the IRS and not pay their fair share of taxes.

And I almost forgot, how do those saving accounts build up interest? Where is that extra money coming from?....How can you be so stupid, not to know how banking works. They even teach "money management" in high school...sheesh!

www.thebalance.com...

Do yourself a favor and read this, unless you are comfortable being poor. Think of that little boy!!! And if you think Trumps economic model is going to help you; don't count on it...inflation is going to eat up what little discretionary income you have.

www.amazon.com...=nosim/moneyboss-20/





Instead of insulting, why don't you look at the trail of breadcrumbs I'm trying to lay down, boy.

It's called leading a horse to water, boy. Knowledge retention increases when you have to work for it, boy.

It's called analyzing the issues, boy.

Sheesh.


You took it wrong. But I should have said "think of YOUR little boy" don't you have a male child?

I still don't think Trumps trickle down plan will help the future generation; that was the message I was trying to give.

Sorry for the misunderstanding....I wasn't calling YOU a Boy!


edit on 8-11-2017 by olaru12 because: (no reason given)



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