Wages TANK After Trump's Wealthy Tax Cut

originally posted by: toysforadults
a reply to: jacobe001

so what?

so expanding government and increasing taxes on corporations (passed off to the consumer causing inflation) isn't going to solve the problem

returning power to the people (by decreasing taxes putting the money back in the consumers hands) and decoupling the relationship between government and enterprise is the solution

you guys fundamentally get every economic solution WRONG

That's why companies dropped their prices after the 14% tax cut, right? Wrong. Prices are still the same everywhere.

A proper tax cut starts from the bottom up. You cut taxes on those making less which are, in turn, those that usually spend more of their wage and save less. Those people start buying more goods, which drives the need for more jobs. If you first cut taxes on the higher breaks / companies you will get people hoarding more money and companies paying out more dividends.

Trump could have given a substantial tax cut to the lower brackets and then cut the rest a couple of years later.

a reply to: yuppa

Yeah, I would've thought people learned their lesson about "experts" and "gurus"

They aren't worth a damn, nor is the nonsense they babble. Sure, some of it may work "in theory" or "hypothetically" but that's about it.

College grads of today are woefully unprepared to face the real world. Disgusting to see where our morally/intellectually bankrupt education system has gotten so many of our Citizens.

We need real education reform. All these idiots today can tell you all 500 genders, explain why feminism and icebergs are connected, stutter through an explanation of government but don't know the first thing about civics, government, Constitutional law, freedom, liberty, free market economics, de-regulation, personal responsibility, FISCAL RESPONSIBILITY, moderation/self-control, delayed gratification - in short, it is our failed education system(s) that have caused this younger generation's total cluelessness and failed to teach them "the right way"

End public schools. Financing belongs on a per-student basis, giving parents/children to hand-pick only the best schools for their children. And home schooling allows parents to customize a curriculum that will actually prepare the next generation for life in the real world.

Public education is just like every other single thing the government puts its hands on: barely functional, a bureaucratic nightmare, bulk, quantity, "just enough" (aka average/standard), no critical thinking, no self determination, no individuality. NO thanks. BUT HEY, at least everyone is talking about sex freely all the time and making a mockery of our actual moral values (read: Christianity, which our country was founded upon). Degenerates.

a reply to: Annee

True, and I would personally be inclined to use my own resources to help those people as much as possible. Which is great, and forms the basis of a community right?

But what happens when that community grows too large, and I am unable to provide them with my resources? Not unwilling, but unable due to lack of finite resources

This does scale, of course, but what you end up with looks like Venezuela or even North Korea as opposed to a functioning community. In the end, I would either 1) have to scale back/cut off all programs or 2) ask the producers/collectors of resources for more of their stuff for other people. But what happens when the producers/collectors grow tired of barely staying above water? What if they decide they want a "Free ride" also?

Nothing is free. Someone is paying for it. And if enough people get tired of paying (and decide to collect instead), then what happens? You can either scale back/cut programs or become an authoritarian farce that now resembles some of the historically repressive governments

Where is the motivation to work (produce/collect resources) as opposed to getting hand outs? Why do people in this country believe they're owed something simply for existing? Whether it is education, healthcare or food & shelter, people in this country are unbelievably entitled. They truly feel they deserve/are owed something by the rest of us (those who worked hard for what we have). I don't have money because I'm "privileged" or any of that other BS. I have money because I worked hard, learned how to SAVE MONEY and not spend, and have actual self-control/impulse control/self-regulation.

If I can do it, so can "they"

originally posted by: JBurns
a reply to: Southern Guardian

Wasn't a "wealthy" tax cut. The wealthy already pay ~40% of all taxes.

I think for Federal income tax it might be more like 90% and that is not even the rich, just the top 20% of earners.

On average, those in the bottom 40 percent of the income spectrum end up getting money from the government. Meanwhile, the richest 20 percent of Americans, by far, pay the most in income taxes, forking over nearly 87 percent of all the income tax collected by Uncle Sam.

I suspect if you looked at the top 5% it would be more like 95% of all federal income tax paid.

nypost.com...

The wealthy get screwed in the US already - maybe not the elites (they find ways to cheat), but very successful people outside the corruption of places like Washington... they are treated very unfairly when it comes to tax.

The people who cheat society when it comes to tax are the less wealthy and the elites, which is what socialism is all about.

originally posted by: UKTruth

originally posted by: JBurns
a reply to: Southern Guardian

Wasn't a "wealthy" tax cut. The wealthy already pay ~40% of all taxes.

I think for Federal income tax it might be more like 90% and that is not even the rich, just the top 20% of earners.

On average, those in the bottom 40 percent of the income spectrum end up getting money from the government. Meanwhile, the richest 20 percent of Americans, by far, pay the most in income taxes, forking over nearly 87 percent of all the income tax collected by Uncle Sam.

I suspect if you looked at the top 5% it would be more like 95% of all federal income tax paid.

nypost.com...

The wealthy get screwed in the US already - maybe not the elites (they find ways to cheat), but very successful people outside the corruption of places like Washington... they are treated very unfairly when it comes to tax.

The people who cheat society when it comes to tax are the less wealthy and the elites, which is what socialism is all about.

Holy cow Thanks for the correction UKTruth, I was trying to pull that number out of my memory and it looks like I was way off

It is disgusting to see the level of entitlement among some. They truly believe successful people owe them something. More than that, they believe society owes them a warm bed, clothes and food. But they forget the fact that there is no "government" or "society" but that both constructs are made entirely of other Citizens and funded entirely by our tax dollars

Essentially, the leftists are saying this: "We are OK with armed government thugs coming to your home if you refuse to give your money to us to sustain our existence"

WOW..........................................



EDIT: To be clear, I have NO PROBLEM providing those things to other people. I don't want to see anyone starving or freezing on the streets. However, it is the entitlement "you OWE me this" attitude that I have a problem with. People taking handouts from OTHER CITIZENS (not the government!!) should show a little bit of damn appreciation

a reply to: JBurns


The island scenario personalizes it and makes you face a reality.

I tend to be a logical thinker - - that reduces to simplest form - - removing all emotions.

What's with the southern hemisphere? Seems most migration is south to north?

Anyway, I see these countries similar to how the Mafia was in its height in Chicago.

There was no where to go - - no one to run to - - all was corrupt.

If a gang member came to your door demanding you hand over your 14 year old daughter as a sex slave - - you'd run too.

This is happening all over the world, not just America's southern border. I see it as a Global issue.

WW3 should be the top power nations coming together to "Force Clean" these (mostly southern) areas - - so people can go home and live in their homeland safely.

I also support population control.

Action is required. Or we can talk about it till the sun eats the earth.

originally posted by: toysforadults

great your 1 company doesn't represent the tens of millions of people looking for better jobs across the nation

it's really basic, wages are flat because theres no labor demand

that's how easy this is to figure out, it's so simple it's insane that you can't comprehend it

170,000 employees just saying...lol

So what you are saying is people lack the skill sets to get hired? There are more open jobs in America than the number of people looking. If you suggest tens of millions are looking for better jobs with better pay what do they bring to the interview to get hired?

originally posted by: toysforadults

oh let me also add, as a secondary issue affecting wages is government social programs that take money away from the consumer in exchange for a promise of a social safety net

I really don't count those people as part of the competition for jobs. They found their niche in life and so they find Government subsistence better than working.

originally posted by: Sillyolme
a reply to: Alien Abduct

But we don't have any unemployment so if the illegals go you're going to have jobs available but no people to fill them because everybody already has a job.
You're going to have to vent your intolerance in another direction.
Crime perhaps?

Do you know what happens when there are jobs available but no one to immediately fill the position? WAGES GO UP! SMFH That’s my whole point!

originally posted by: Xtrozero

originally posted by: toysforadults

great your 1 company doesn't represent the tens of millions of people looking for better jobs across the nation

it's really basic, wages are flat because theres no labor demand

that's how easy this is to figure out, it's so simple it's insane that you can't comprehend it

170,000 employees just saying...lol

So what you are saying is people lack the skill sets to get hired? There are more open jobs in America than the number of people looking. If you suggest tens of millions are looking for better jobs with better pay what do they bring to the interview to get hired?

Just curious, how actively is your HR dept seeking help from other countries, like India or Europe.

a reply to: Sillyolme


The economy is pumping and chugging along a hell of a lot better than it was with Obama. A tax cut no matter how small is better than a tax increase which we would have gotten with the dems, that and a stagnant economy, higher unemployment etc.

You dems are in here complaining about a slight wage drop and at the same time you are batting for the actual cause of the wage drop! That’s like being a passenger and grabbing the steering wheel and veering the car towards a pole and complaining that you are going to crash!

Unbelievable!

originally posted by: JameSimon

Trump could have given a substantial tax cut to the lower brackets and then cut the rest a couple of years later.

If you give substantial tax cut to someone paying zero or close to it what is the savings? I think I'm saving about 5k...not bad, but for a person who pays 1 million and saves 200k people are like UNFAIR where is mine...well that guy is still paying 800k and the unfair screaming person is still paying zero...lol

originally posted by: olaru12


Just curious, how actively is your HR dept seeking help from other countries, like India or Europe.

Very little many need security clearance, I don't know of anyone here working on a visa, but I can tell you there is a lack of highly skilled capable people in America and so I'm sure companies look else where, so its not all about getting cheap labor.

originally posted by: Xtrozero

originally posted by: toysforadults

great your 1 company doesn't represent the tens of millions of people looking for better jobs across the nation

it's really basic, wages are flat because theres no labor demand

that's how easy this is to figure out, it's so simple it's insane that you can't comprehend it

170,000 employees just saying...lol

So what you are saying is people lack the skill sets to get hired? There are more open jobs in America than the number of people looking. If you suggest tens of millions are looking for better jobs with better pay what do they bring to the interview to get hired?

They bring a demand for $15 an hour, based on nothing.

This whole topic is wonkers. First of all the OP has been debunked by several sources posted already. Bloomberg used a half-assed source, probably because it was the only one that showed what they wanted.

Wages, on average, are still flat, and if you want a reason it's because a lot of companies have been reinvesting into expanding their businesses and hiring more people. You can only do so many things at once. Once you get expansion and hiring done, then you look at wages.

originally posted by: Xtrozero

originally posted by: JameSimon

Trump could have given a substantial tax cut to the lower brackets and then cut the rest a couple of years later.

If you give substantial tax cut to someone paying zero or close to it what is the savings? I think I'm saving about 5k...not bad, but for a person who pays 1 million and saves 200k people are like UNFAIR where is mine...well that guy is still paying 800k and the unfair screaming person is still paying zero...lol

Math isn't their strong suit. Percentages especially seem to confuse a lot of people.

originally posted by: Annee
a reply to: JBurns


The island scenario personalizes it and makes you face a reality.

I tend to be a logical thinker - - that reduces to simplest form - - removing all emotions.

What's with the southern hemisphere? Seems most migration is south to north?

Anyway, I see these countries similar to how the Mafia was in its height in Chicago.

There was no where to go - - no one to run to - - all was corrupt.

If a gang member came to your door demanding you hand over your 14 year old daughter as a sex slave - - you'd run too.

This is happening all over the world, not just America's southern border. I see it as a Global issue.

WW3 should be the top power nations coming together to "Force Clean" these (mostly southern) areas - - so people can go home and live in their homeland safely.

I also support population control.

Action is required. Or we can talk about it till the sun eats the earth.

I tend to be a logical thinker - - that reduces to simplest form - - removing all emotions.

You know I’ve seen you write some funny things but that one just takes the cake Annee!! Hahahaha!

On topic: So as far as I know people aren’t starving in Central and South America. So going by your logic shouldn’t many African countries and countries like Norrh Korea, Haiti and Venezuela take priority? What about South Africa where there is an actual genocide happening! Believe it or not there are worse places than Central and South America.

What happened to you people saying we should stay out of people’s business and not keep trying to be the world’s police?

This wage drop is solid evidence that there is only so many people we can let into this country. We can’t help everyone Annee so I think we should help our citizens first. You know, the homeless vets, the homeless, children without homes, people that work a 40 hour work week but still have to rely on food stamps, you know because of low wages, you know because we let in to much competition.

The United States has been through Slavery, Civil war, a war of Independence, battles with corporations over wages, battles with corporations over safety at work and the work week being too long, battles with corruption, two world wars, a long Cold War with Russia. We have been through hell and back and we push through and persevere. If we can do it then so can all those other countries.

They need to make that decision to push through and make it better. They need to pick themselves up by their own bootstraps.

I think we do enough to feed and help this world, some people argue that we do too much and we shouldn’t go around policing the world. Letting in millions of people into our country isn’t the answer. The OP is a prime example of how letting in too many people hurts us.

The best thing to do is one of two things, to help them help themselves or just stay the hell out of their business. Sometimes helping them doesn’t work. Look at Haiti. Sometimes it does, look at Israel.

originally posted by: Alien Abduct
a reply to: Southern Guardian

1.8% ?? LoL I gained a hell of a lot more than that through my tax cut. Anyways is there any proof that Trumps tax cuts is the actual cause of the wage drop, or might the wages have dropped anyways?

originally posted by: FyreByrd

originally posted by: Alien Abduct
a reply to: Southern Guardian

1.8% ?? LoL I gained a hell of a lot more than that through my tax cut. Anyways is there any proof that Trumps tax cuts is the actual cause of the wage drop, or might the wages have dropped anyways?

You got any proof that Trumps tax cuts is the actual cause of the wage drop, or might the wages have dropped anyways?

It looks to me that the OP is a load of shhh

a reply to: Southern Guardian


Not sure what you are talking about, I personally have seen my wages go up and have been put on a bonus structure since the tax cuts. …… People don't believe what people tell you base your beliefs on things you experience for yourself.

originally posted by: norhoc
a reply to: Southern Guardian


Not sure what you are talking about, I personally have seen my wages go up and have been put on a bonus structure since the tax cuts. …… People don't believe what people tell you base your beliefs on things you experience for yourself.

My husband's company has been doing twice annual employee bonuses for decades. Once for Christmas, once for spring. Why hasn't yours?

One of the key differences in how they operate regarding this perk is that after overhead & operating costs are met, profits are prioritized for employees first (5%-10% of your annual income, percentage depending on how long you've been there)

Then the rest gets rolled into the company's R & D as extra, if there is any to roll in there on top of the budgeted amount. They pay well and don't screw over their employees because the employees are what makes the company run in the black to begin with. They don't look too fondly on other companies who make substantially more than them in profit, and use the "We need a tax break" excuse before they share it with their lifeblood.