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originally posted by: seasonal
a reply to: olaru12
Prices are not set by adding up all the things that go into manufacturing a product, it is what the market will bear-example is pharma products.
Trickle down will not and does not work. But what the hell, let's try it again.
originally posted by: ScepticScot
originally posted by: Numbers123
a reply to: seasonal
The corporate tax cut is already having AMAZING effects. Apple is bringing back billions, and paying $38 BILLION in taxes. Think that through, the whiny liberals said the tax cut would cost $1.5 trillion. Well Apple alone just whipped out 20% of that. What about Microsoft, Google, Net Flix, Caterpillar, and all the other companies?
Word out is Q1 is on track to see a 5.6% GDP growth, the ninny left said that could NEVER happen.
Just like when Reagan took over, we had been told for a decade slow growth was the "new normal", now we are seeing Reagan's policies brought back, and we are getting Reagan era results.
I am seeing hundreds of our business clients budgeting for, and starting, capital projects that have been on hold for years.
I personally and starting construction on two commercial buildings, one is a boat storage and one is a machine shop. Also investing in a new house on the 30 acres I just purchased.
Biggest problem is finding contractors.
Its a DAMN good time to be an AMERICAN!
38 billion is 20% of 1.5 trillion?
originally posted by: bastion
originally posted by: seasonal
a reply to: olaru12
Prices are not set by adding up all the things that go into manufacturing a product, it is what the market will bear-example is pharma products.
Trickle down will not and does not work. But what the hell, let's try it again.
Agreed 100%. For profit companies do not act like charities. The consumer will nil benefit, the companies profits will increase at their expense though.
How anyone can't see this based on history, basic ecomincs and common sense escapes me.
originally posted by: bastion
originally posted by: seasonal
a reply to: olaru12
Prices are not set by adding up all the things that go into manufacturing a product, it is what the market will bear-example is pharma products.
Trickle down will not and does not work. But what the hell, let's try it again.
Agreed 100%. For profit companies do not act like charities. The consumer will nil benefit, the companies profits will increase at their expense though.
How anyone can't see this based on history, basic ecomincs and common sense escapes me.
The only way this doesn't work is if their is collusion by the market to keep prices high. This type of collusion is illegal.
originally posted by: olaru12
a reply to: Edumakated
The only way this doesn't work is if their is collusion by the market to keep prices high. This type of collusion is illegal.
Haven't done much investigation into the oil business have you or pharmaceuticals... Or why some farmers destroy crops in the field, Or Healthcare in general, Or the Automotive industry... No collusion there, right...price fixing is flag the corporate Oligarchy flies.
Say hello to Aunt Bea!
originally posted by: Xcalibur254
The tax plan has been in effect for one day. That's supposed to be proof that trickle down works? People to this day think trickle down worked under Reagan but looking at the numbers prove this isn't true. Every time it has been tried the rich get richer, middle class income stagnates, the poverty rate increases, and it all ends with a recession. What makes you think this current attempt will be any different?
originally posted by: Numbers123
a reply to: Eshel
Yal, obviously you not wanting to discuss the math, jumping to slurs and insults is what people do when they have lost the argument.
Bottom line, your tax rate went down by at least 10%, likely more.
If you don't understand that math, well, I aint't here to educate you.
originally posted by: bastion
a reply to: Edumakated
Can't disagree with that, in paper it makes perfect sense. The problem is the assumption of healthy competition (good) - low prices, high quality, etc.. va market dominance/megacorps/multi-nationals that break the price fixing laws and stagnate product development.
Net result is the 'too big to fail' companies gain more wealth and power at the price of the consumer. Competition is priced out the market for short term coonsumre gain that is to be dwarfed by the higher prices set in the future once market share increases.
Here in the UK the regulatory bodies to prevent collusion are so weak they've been renamed 'financial service authority' to 'fundamentaly surpine authrority' as the fines levied (if they ever happen) are less than .1% of the profit gained through illegal price rigging.
Not saying I have the perfect answer, I just see trickle down being at best bait on a hook as it just leads to monopolisation and price fixing in general.
And liberals now worried about the debt! It’s like you guys finally found religion!!!!