Breaking: Trump Admits His Previous Tax Cuts Were For The Wealthy Few

So where were Trump's ties made? Or Ivanka's clothing? And did he just do a golf course in Scotland?

 

Might help reduce the deficit though! But one thing for sure. Massive tax cuts that benefit the rich will do nothing but benefit the rich.

 

The companies needed a steel strike to find out that they could buy steel cheaper overseas? That's a Wiki joke right?

 

Well, there is the economic idea that if you allow the rich to keep more of their money, it will trickle down to the non rich, as investments are made in the domestic economy which generally generates more jobs for the jobless, or better jobs for others. This comes from the idea that capital is essential to any economic growth.

Trouble is, it does not work with globalism, which seeks the cheapest labor possible from the world's poor who can be used for higher profits. In this case, investments leave the USA and capital goes to where the ROE is the highest with stability.

This is just basic common sense, IMO. That is, unless you have polices, laws, regulations that keep capital within the US, which of course we don't have for that would end globalism. And maximization of banking and corporate profits, as well as the profits of those that own these entities. Maximization of profits for the top and globalism are interdependent, and you can not have one without the other. Again, just basic common sense. And since maximization of profits is where we are at instead of a reasonable profit, well....you can see the big picture view, and the problem when it comes to maintaining a middle class of any size. Ain't rocket science.

 

Probably the same place many of the clothes and ties sold are made. Says more about the outsourcing of jobs under the Globalist agenda than anything else.

I'm not sure what point you're trying to make about a international developer.

How many Golf Courses and properties does the Trump Organization own or operate within the US?

 

You claimed my statements were untrue and I just proved them. The lest you could do was thank me for the education.

 

No - just more money to spend and squander.

 

Who baled out Wall Street, big auto, big insurance and others that were deemed to big to fail? Forgotten? Obama.

 

No. That wouldn't be the result.

In desperation developers were forced to turn to other suppliers outside the Nation. From that, they learned the quality and cost was completely acceptable.

That opened the door to imports. You can look at the raw data from that period to see how that played out.

 

Well I certainly agree we could cut military spending.

 

I claimed your statements were worn out and discredited talking points.

You didn't prove anything.

I don't thank people for educating me when they haven't done so.

 

Gee now you are changing from overseas steel being cheaper to overseas steel being acceptable. How does that open a door?

 

I earn income through two pass through entities so it would likely increase my tax burden. What’s your point? Do you ever have one?

 

Try reading.

Prior to the strike necessitating the import of steel from foreign sources, the perception was that such imports were inferior. That perception was proved untrue. It opened the door to imports, which built over the decade of the '60's and beyond in all areas of goods.

When I was a kid in the early '60's, anything with "Made in Japan" on it was considered cheap. That changed.

 

Yes, the majority of the United States got a miniscule tax cut, but the majority of the tax cut went to a very small group of people, just as the Bush and Reagan tax cuts did.

And we are borrowing 100% of the cost, which is driving up debt.

Of course, now that the far right has their furher, they no longer care about debt, after eight years of non stop ranting about it, even as deficits sank.

Now that debt nearly doubled in the first year of the Trump Presidency, and is slated to keep growing at an exponential rate, they're all good with it.

 

Go back and read your post #49. Never mind I will post it for you:

Courtjester said:
Sorry but just because you have heard them before doesn't diminish their truth.

And younreplied:
Just because you repeat them doesn't mean they approach the truth.

 

I did read. That's how I knew you changed your position. But where did the statement about foreign steel being percieved as inferior come from?

 

True he did save the American banking system and every cent has been repaid.

 

Well that was certainly not my intent. The foreign suppliers that stepped in proved steel could be purchased of equal quality at a lower price.

 

Basic analytical thought simply escapes some people. Of course the rich buy those things, but there are very few of them (the rich). In order for local businesses to thrive more people need more disposable income. And the more the better.
This is coming from someone currently putting together a business plan.

 

Blah blah blah. The question is who should pay the lions share of funding the government. I'm all for slashing public programs and balancing the budget but I think the rich should pay most of the taxes. I couldn't care less if that violates some ridiculous notion you have about fairness.

 

Ok.

And I could care less if my position violates some ridiculous notion you have about fairness.

 

This is absolutely a bold face lie.

I have already posted the facts that the left keeps ignoring, and regurgitating flat out lies. You should be ashamed of yourslef.

People that make 20k a year got a nearly 1000 tax break.

People earning 100k got a nearly 1400 tax break.

People earning in excess of 200k paid MORE.

Can we at least have an honest conversation?

 

Source?
I’d love to read this data, everything I have read shows the wealthy have made tremendously more with large multinational corporations benefiting the most.