Corporate tax rate cut used to buyback stock and layoff workers.

Discussion in 'Political Opinions & Beliefs' started by 61falcon, Jun 16, 2019.

  1. Lesh

    Lesh Banned

    Joined:
    Nov 21, 2015
    Messages:
    42,206
    Likes Received:
    14,119
    Trophy Points:
    113
    Great. Document it...with actual statistics...not anecdotes
     
  2. spiritgide

    spiritgide Well-Known Member Past Donor

    Joined:
    Mar 25, 2016
    Messages:
    20,132
    Likes Received:
    16,079
    Trophy Points:
    113
    Gender:
    Male

    I can't argue much with that. I've seen a top-performing corporation sold with promises to the seller and all the top staff that nothing would change- and within two years, everything had changed including moving the headquarters and shifting policies. That company has never performed at the same level it was before the sale. I ask why you would buy a real winner, then turn it upside down- and I think that is the need to be different, to put their own mark on things. This is done in politics too of course; throw out what the last admin did to prove you have a new plan that is better. Stupid, petty, personal- and not good for companies or countries.

    Old saying- "If it's not broke, don't fix it". Good advice.
     
    Quantum Nerd likes this.
  3. Lesh

    Lesh Banned

    Joined:
    Nov 21, 2015
    Messages:
    42,206
    Likes Received:
    14,119
    Trophy Points:
    113
    Statistics.

    You seem not to be able to present any
     
  4. EarthSky

    EarthSky Well-Known Member

    Joined:
    Oct 13, 2018
    Messages:
    2,148
    Likes Received:
    1,139
    Trophy Points:
    113
    Gender:
    Male
    That's right, I am always quick to blame Clinton for the terrible regressive legislation he brought into law like tough on crime and welfare reform which really hurt working class and poor communities all the while enriching the banksters by repealing Glass/Steagall. In many cases his hand was forced to the right by a congress that was among the most regressive and damaging political body for America prosperity in history until Trump's administration came along. The beginning of the welfare queens driving Cadillacs lies used to attack minorities and the poor with generous tax cuts for the very wealthy.

    Clinton still deserves lots of blame but Gingrich and the boys were really the attack dogs of the extreme reactionary right and the "contract on America" the beginning of the dystopian malaise you are seeing climax in American political life today.

    Still, the balanced budget act did not pass congress did it?

    So, how does that make Clinton's budgets a republican thing - other than crass politics Clinton my have felt pressured by to get re-elected?

    Oh, and W added 5.85 T to the national debt. Only Obama was bigger but he inherited the 2008 crisis that Bush left behind for him.
     
    Vernan89188 and Quantum Nerd like this.
  5. MolonLabe2009

    MolonLabe2009 Banned

    Joined:
    Dec 10, 2009
    Messages:
    33,092
    Likes Received:
    15,284
    Trophy Points:
    113
    The National Debt grew under Reagan, GHWB, Clinton, GWB, Obama and now Trump.

    Until we slash spending, the debt will continue to grow.
     
  6. EarthSky

    EarthSky Well-Known Member

    Joined:
    Oct 13, 2018
    Messages:
    2,148
    Likes Received:
    1,139
    Trophy Points:
    113
    Gender:
    Male
    Lol, good luck with that with the current bunch of criminals, lunatic warmongers and deranged ideologues you guys allowed to run around in your government today.

    Trumps only been in office less than 3 years and he's already racked up more debt that Bush the 1st and Clinton combined.
     
  7. MolonLabe2009

    MolonLabe2009 Banned

    Joined:
    Dec 10, 2009
    Messages:
    33,092
    Likes Received:
    15,284
    Trophy Points:
    113
    ...and Obama added more debt than Clinton and GWB combined. See how that works?

    Donald Trump: Trump projected to add $5.088 trillion to the debt in his first term.
    Barack Obama: Added $8.588 trillion
    George W. Bush: Added $5.849 trillion
    Bill Clinton: Added $1.396 trillion
    George H.W. Bush: Added $1.554 trillion
    Ronald Reagan: Added $1.86 trillion

    https://www.thebalance.com/us-debt-by-president-by-dollar-and-percent-3306296
     
  8. Vernan89188

    Vernan89188 Well-Known Member

    Joined:
    May 11, 2014
    Messages:
    8,685
    Likes Received:
    2,069
    Trophy Points:
    113
    I have conservative values , its their polices, and dumb uses of government that are the problem. The bigger problem, just plain gutting and breaking crap, then blaming someone else when they have to fix it.

    I don't need to be in the 1%...ill get there when I get there.
     
    Last edited: Jun 26, 2019
  9. EarthSky

    EarthSky Well-Known Member

    Joined:
    Oct 13, 2018
    Messages:
    2,148
    Likes Received:
    1,139
    Trophy Points:
    113
    Gender:
    Male
    Agreed. But Obama had to deal with the 2008 recession which no one else did.

    And in no way am I agreeing with or trying to defend how Obama did deal with the recession.

    I'm only saying that none of the other presidents had inherited that kind of situation
     
    WillReadmore likes this.
  10. spiritgide

    spiritgide Well-Known Member Past Donor

    Joined:
    Mar 25, 2016
    Messages:
    20,132
    Likes Received:
    16,079
    Trophy Points:
    113
    Gender:
    Male

    So you looked at the data I supplied from about 20 companies and saw nothing.
    I understand your problem....
     
  11. jcarlilesiu

    jcarlilesiu Well-Known Member Past Donor

    Joined:
    May 12, 2010
    Messages:
    27,901
    Likes Received:
    10,504
    Trophy Points:
    113
    The point is.. those who do not make themselves a victim at every turn, and dont expect government to support them or a certain entitled standard of living, typically are more successful.

    I dont believe it's the other way around. People are dependent of government because in their mind they have to be to survive, often resulting in life long dependence.

    It's a mentality in many, even most cases.
     
  12. Par10

    Par10 Well-Known Member

    Joined:
    Jan 23, 2019
    Messages:
    4,230
    Likes Received:
    3,735
    Trophy Points:
    113
    Gender:
    Male
  13. Vernan89188

    Vernan89188 Well-Known Member

    Joined:
    May 11, 2014
    Messages:
    8,685
    Likes Received:
    2,069
    Trophy Points:
    113
    Then care to explain Halliburton, Lockheed-Martin, Trumps estate, , Bowing, Walmart, etc, etc.
    Yea BS, Its all a ploy to allocate the peoples money into their pockets. At least with the democrats, we rise up with them.
    I mean Gdanm, look at your retirement after Trumps had his way so far.

    "
    The Trump Family Fortune
    Trump's father, Frederick Christ "Fred" Trump, made a sizable fortune by building and selling housing for American soldiers and their families in World War II."

    https://www.investopedia.com/updates/donald-trump-rich/
     
    Last edited: Jun 26, 2019
  14. 61falcon

    61falcon Well-Known Member

    Joined:
    Apr 27, 2018
    Messages:
    21,436
    Likes Received:
    12,227
    Trophy Points:
    113
    Gender:
    Male
    20% of Americans own 92% of all stocks traded on our stock exchanges.
     
  15. Lesh

    Lesh Banned

    Joined:
    Nov 21, 2015
    Messages:
    42,206
    Likes Received:
    14,119
    Trophy Points:
    113
    Statistics...not anecdotes.
    Even you should know the difference
     
  16. Lesh

    Lesh Banned

    Joined:
    Nov 21, 2015
    Messages:
    42,206
    Likes Received:
    14,119
    Trophy Points:
    113
    Especially if we keep having massive 1.5 trillion dollar tax cuts for the rich
     
  17. MolonLabe2009

    MolonLabe2009 Banned

    Joined:
    Dec 10, 2009
    Messages:
    33,092
    Likes Received:
    15,284
    Trophy Points:
    113
    Everyone got their taxes cut.
    • All tax brackets were cut.
    • The standard deduction was doubled.
    • The child tax credit was doubled.
    And stop stealing and wasting the people's money.

    SLASH SPENDING!!!!!!
     
  18. MolonLabe2009

    MolonLabe2009 Banned

    Joined:
    Dec 10, 2009
    Messages:
    33,092
    Likes Received:
    15,284
    Trophy Points:
    113
    Everyone who has an IRA and/or a 401K owns stock.
     
  19. spiritgide

    spiritgide Well-Known Member Past Donor

    Joined:
    Mar 25, 2016
    Messages:
    20,132
    Likes Received:
    16,079
    Trophy Points:
    113
    Gender:
    Male
    And you should know the first hand statements of the company executives would be evidence good enough for any court.

    The fact you don't like the answers and deny doesn't invalidate them- it invalidates you.
     
  20. jcarlilesiu

    jcarlilesiu Well-Known Member Past Donor

    Joined:
    May 12, 2010
    Messages:
    27,901
    Likes Received:
    10,504
    Trophy Points:
    113
    That is part of the liberal sickness. Liberals cant stop focusing on what other people have, or worse assume because they have more, that means less of the pie is available (zero sum economics).

    All those companies are publically traded. Quite literally, millions of Americans have a vested interest and make money when they make money. Your so worried about what a few executives make, you can't see that millions of other small business owners and entrepreneurs do very well. The difference... those small business owners and entrepreneurs, tradesmen, professionals, millions do very well because they aren't looking at things the way you do.

    And... victim. You ate fitting the mold perfectly.

    Some people cant offer wont change, so they welll wallow in their perspective.

    Lol.

    Yeah Democrats sure are killing it. The policies they have instituted in just about every major city had resulted in; crime, wealth disparity (usually to your savior politicians and their friends), consider of values and culture,... most cities are statistically **** holes with a couple pockets of rich neighborhoods telling the rest of the impoverished that they are their savior. Just donate to their campaign and vote for them of course.


    And I bet he was doing that without playing the victim worrying about what others had and relying on government for his sustainability.
     
  21. jcarlilesiu

    jcarlilesiu Well-Known Member Past Donor

    Joined:
    May 12, 2010
    Messages:
    27,901
    Likes Received:
    10,504
    Trophy Points:
    113
    Clinton "balanced" the budget with intergovernmental borrowing specifically raising social security.
     
  22. jcarlilesiu

    jcarlilesiu Well-Known Member Past Donor

    Joined:
    May 12, 2010
    Messages:
    27,901
    Likes Received:
    10,504
    Trophy Points:
    113
    So they are dependent on everybody else.

    Well I guess its settled then. Half of our population are leeches and the other half contributors. This is what the left always want... to pit these two sides against each other for political gain. Congrats.
     
  23. Vernan89188

    Vernan89188 Well-Known Member

    Joined:
    May 11, 2014
    Messages:
    8,685
    Likes Received:
    2,069
    Trophy Points:
    113

    Projection does not suit you well.
    Lying to your self, does not erase the current problems this country faces.

    Your being played...Your not 1%, get off their train. Hop back on when you are.
     
    Last edited: Jun 26, 2019
  24. WillReadmore

    WillReadmore Well-Known Member

    Joined:
    Nov 21, 2013
    Messages:
    59,467
    Likes Received:
    16,350
    Trophy Points:
    113
  25. Par10

    Par10 Well-Known Member

    Joined:
    Jan 23, 2019
    Messages:
    4,230
    Likes Received:
    3,735
    Trophy Points:
    113
    Gender:
    Male
    Did they, or did they not get tax cuts? Did they, or did they not, get more money than they would have gotten if the tax code stayed the way Obama left it? Since when has the tax code been tied to the cost of living? It would be interesting if it were. Californians would get much bigger tax breaks than Mississippi. Is that what you are proposing?

    One more thing; You are correct in that a higher percentage of higher earners got a tax cut. Think about it just a bit though. The people in the lowest bracket pay little to a high negative tax rate. How do you propose that the people who pay no taxes get a tax break? The only way is to give them free money. That's not a tax break, that's a gift.
     
    Last edited: Jun 27, 2019

Share This Page