Study finds tax cuts for the rich only help the rich

[winb83]

Well I for one am shocked. When you give people who don't need more money more money they use it to increase their own wealth.
50 years of tax cuts for the rich failed to trickle down, economics study says

 

[Lord Beasley]

just like bailouts only help the corporations. color me surprised

 

[Hersh]

lol @ rich helping anyone but the rich

 

[DEAD7]

and hundreds of other studies show it stimulates the economy for everyone by putting more money in circulation(while adding to the deficit)

 

[Conan]

and hundreds of other studies show it stimulates the economy for everyone by putting more money in circulation(while adding to the deficit)

 

[HE_Pennypacker]

But why would politicians pass these if they don’t help everyone?

 

[mastermind]

But why would politicians pass these if they don’t help everyone?

They are rich too

 

[BaggerofTea]

But why would politicians pass these if they don’t help everyone?

They are corrupt

 

[winb83]

and hundreds of other studies show it stimulates the economy for everyone by putting more money in circulation(while adding to the deficit)

When poor people and middle class people are given more money they spend it and it betters the economy. When the wealthy are given more money they do things like buy stocks and acquire assets to increase their wealth.

Most of the businesses took the Trump tax cuts and did share buy backs. The top 10% own 80% of the stock market.

That's simply what happens. Trickle down economics is bullshyt. Rich people and businesses don't spend more because they're given more. That's part of how they got to be rich. They spend What's necessary.

 

[ORDER_66]

WHO DIDN'T KNOW THIS?!?! it's 2021 and people just now starting to get the idea of corruption??? we really needed a study for this???

 

[hashmander]

and hundreds of other studies show it stimulates the economy for everyone by putting more money in circulation(while adding to the deficit)

no credible study shows that.

 

[ZoeGod]

Blame that demon Ronald Reagan for that bullshyt. It’s ironic when America was most prosperous it was when taxes were high in the rich from FDR until Nixon. It’s simple math. You tax the rich government gets more revenue to invest things that matter for the country(infrastructure, healthcare, education, jobs, etc). When you don’t you have deficits and that leads to high debt. If Republicans truly cared about the debt and deficit they would be for tax cuts to the rich and defense spending cuts. The Republican Party wants to turn America to the USSR where domestically the economy and infrastructure is trash and declining while pulling trillions on a massive military industrial complex to maintain empire.

 

[inndaskKy]

Blame that demon Ronald Reagan for that bullshyt. It’s ironic when America was most prosperous it was when taxes were high in the rich from FDR until Nixon. It’s simple math. You tax the rich government gets more revenue to invest things that matter for the country(infrastructure, healthcare, education, jobs, etc). When you don’t you have deficits and that leads to high debt. If Republicans truly cared about the debt and deficit they would be for tax cuts to the rich and defense spending cuts. The Republican Party wants to turn America to the USSR where domestically the economy and infrastructure is trash and declining while pulling trillions on a massive military industrial complex to maintain empire.

That's not how it works, but yeah, this thread isn't really news.

 

[winb83]

Blame that demon Ronald Reagan for that bullshyt. It’s ironic when America was most prosperous it was when taxes were high in the rich from FDR until Nixon. It’s simple math. You tax the rich government gets more revenue to invest things that matter for the country(infrastructure, healthcare, education, jobs, etc). When you don’t you have deficits and that leads to high debt. If Republicans truly cared about the debt and deficit they would be for tax cuts to the rich and defense spending cuts. The Republican Party wants to turn America to the USSR where domestically the economy and infrastructure is trash and declining while pulling trillions on a massive military industrial complex to maintain empire.

It's about stopping all the loopholes and tax avoidence methods rich people use to not pay taxes. Lower class people have to pay taxes on their income. Rich people make more and still find ways to pay less.

 

[eastside313]

It's about stopping all the loopholes and tax avoidence methods rich people use to not pay taxes. Lower class people have to pay taxes on their income. Rich people make more and still find ways to pay less.

A lot of lower class people get those taxes back plus more on their tax return.