Good Ole Joe Biden Is Pro-Worker

It's a yes that you deny anything you don't want to see, but I expected that. Don't waste my time trying to convince me you actually believe that crap.

 

The term trickle-down economics is interchangeable with supply-side economics or horse and sparrow economics.

Recently example of how supply-side socialism works:
The 2017 tax law sharply lowered the top corporate rate from 35 percent to 21 percent, but trimmed the top individual statutory rate on labor earnings only from 39.6 percent to 37 percent.
So in order to socialize those untargeted tax cuts for the wealthy, plutocratic socialists announced the need to do the following:
Senate Republicans Set Sights On Cutting Social Security
Trump Advisor Re-Affirms Commitment to Cutting Social Security and Medicare
Trump Calls for Social Security Cuts for the 4th Consecutive Year

 

It is supply-side which has nothing to do with anything trickling down. It's about supplying the capital to the markets to build things starting at the bottom and creating jobs which puts people to work and paying taxes instead of being a government expense. The more taxpayers the more tax revenue. The more business can grow the more tax revenue. The more of both the less the government has to pay in subsistence payments cutting expenses. That produces at the least lower deficits and even budget surpluses, rising incomes and better and more jobs. It has nothing to do with anything trickling-down.

And what happened to tax revenues? After the Gingrich/Kaisch tax rate cuts and supply-side policies what happened to tax revenues? After the Bush43/Republican tax rate cuts what happened to tax revenues?

I I reject out of hand using the tax code as a means of social engineering. The purpose of the tax system is to raise the necessary funds for the government so it can carry out it's constitutional duties and the rates at which we tax should be just high enough to pay for those functions and be the least intrusive on the citizens and the economy.

 

Pure sophistry to claim supply-side economics is not a euphemism for trickle-down economics. With the reinvention of horse and sparrow economics with Ronald Reagan from 1980 until the present, supply-side economics is a major driver in higher federal deficits, lower economic growth, greater wealth inequality, and globalization

The criminal, Leona Helmsley, speaking on behalf of plutocratic socialists everywhere:




Richest 1% of Americans Close to Surpassing Wealth of Middle Class

• Historic low interest rates boosting riches of top households
• Poorest have 35.7% of liabilities and just 6.1% of assets

www.bloomberg.com/news/articles/2019-11-...

 

Given he mostlly worked as a public defender, he was mostly paid by the tax payers then.

 

That's what covid did...

 

Again high taxes and heavy regulatory overburden, do not spread wealth they concentrate it and create Poverty.