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Thread: Old economic standby not working.

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    Quote Originally Posted by Woko Haram View Post
    Or you could just stop subsidizing corporations and poor people, and let the market handle things on its own.
    Yes, have the wealthy run everything. what could go wrong?

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    Quote Originally Posted by Jarod View Post
    Take that money you’re giving to the corporations, and give it to the poor people. They can’t afford to save it So they spend it, and it trickles up.
    works every time its tried

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    Quote Originally Posted by PostmodernProphet View Post
    the tax incentives DID create jobs........what incentives should we use for the next round?.....
    The tax cuts were meaningless. They did nothing. That is unless you are not counting the increase in the wealth gap. And the debt. https://www.forbes.com/sites/christi.../#a8171558c138 Forbes is not lefty, so don't try that. But they are an economic magazine.

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    Quote Originally Posted by Nordberg View Post
    The tax cuts were meaningless. They did nothing.
    if you don't think the tax cut on money held by US companies overseas resulted in job creation you are a fool.....
    Isaiah 6:5
    “Woe to me!” I cried. “I am ruined! For I am a man of unclean lips, and I live among a people of unclean lips, and my eyes have seen the King, the Lord Almighty.”

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    Quote Originally Posted by Dark Soul View Post
    His goal was to create a generation of dependency: Democrat voters.
    Amen!
    "When government fears the people, there is liberty. When the people fear the government, there is tyranny."


    A lie doesn't become the truth, wrong doesn't become right, and evil doesn't become good just because it is accepted by a majority.
    Author: Booker T. Washington



    Quote Originally Posted by Nomad View Post
    Unless you just can't stand the idea of "ni**ers" teaching white kids.


    Quote Originally Posted by AProudLefty View Post
    Address the topic, not other posters.

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    Quote Originally Posted by Jarod View Post
    Take that money you’re giving to the corporations, and give it to the poor people. They can’t afford to save it So they spend it, and it trickles up.
    How does Government GIVE money to anyone?

    Trickle up???? Dumbest statement on the planet.

    "When government fears the people, there is liberty. When the people fear the government, there is tyranny."


    A lie doesn't become the truth, wrong doesn't become right, and evil doesn't become good just because it is accepted by a majority.
    Author: Booker T. Washington



    Quote Originally Posted by Nomad View Post
    Unless you just can't stand the idea of "ni**ers" teaching white kids.


    Quote Originally Posted by AProudLefty View Post
    Address the topic, not other posters.

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    Quote Originally Posted by Nordberg View Post
    Yes, have the wealthy run everything. what could go wrong?
    They already do. The difference is that this approach would not involve the government favoring the rich over the rest of us, while also not forcing the working class to subsidize the poor.

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    Quote Originally Posted by PostmodernProphet View Post
    if you don't think the tax cut on money held by US companies overseas resulted in job creation you are a fool.....
    Me and all the economists do not have your inside knowledge.https://www.theatlantic.com/ideas/ar...umbled/601153/

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    Quote Originally Posted by Nordberg View Post
    The tax cuts were meaningless. They did nothing. That is unless you are not counting the increase in the wealth gap. And the debt. https://www.forbes.com/sites/christi.../#a8171558c138 Forbes is not lefty, so don't try that. But they are an economic magazine.
    What’s up liar.

    The author is a progressive. That doesn’t automatically discredit what he’s saying but don’t deny what he is.

    It would be like Bryan Caplin writing an article for The NY Times. The Times is no less liberal and Caplin no less Libertarian because of it.

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    Quote Originally Posted by Nordberg View Post
    Me and all the economists do not have your inside knowledge.https://www.theatlantic.com/ideas/ar...umbled/601153/
    lets be fair.....only you and dumbfuck lib'rul economists........and its a given that you have NO knowledge.......
    Isaiah 6:5
    “Woe to me!” I cried. “I am ruined! For I am a man of unclean lips, and I live among a people of unclean lips, and my eyes have seen the King, the Lord Almighty.”

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    Quote Originally Posted by Taichiliberal View Post
    Not quite, as another articles linked to the OP source clearly points out here:

    https://www.brookings.edu/blog/the-a...766.1578604387

    In 2017, the state of Wisconsin agreed to provide

    $4 billion in state and local tax incentives to the electronics manufacturing giant Foxconn. In return, the Taiwan-based company promised to build a new manufacturing plant in the state for flat-screen television displays and the subsequent creation of 13,000 new jobs.

    It didn’t happen. Those 13,000 jobs never materialized, and plans for the manufacturing plant have been consistently scaled back. Even if the project had gone through as planned, there is no way the Foxconn subsidy would have made money for the state, or provided earnings benefits for residents that exceed its costs. It now appears that few of Foxconn’s promises will be fulfilled, even though local governments have gone into debt over the project.




    https://www.axios.com/how-tax-incent...252957f7d.html

    The bottom line: Since the 1990s, the typical size of a corporate tax break has tripled, and although these incentives are open to all businesses, 70% of the deals and 90% of the dollars go to big companies.
    The future of incentives is trending even bigger, says the Upjohn Institute's Bartik. "There's a threat that these things will dip into money for schools and roads."
    Anyone who wants to know what tax giveaways do, just ask Sam Brownback in Kansas.


    I
    n 2012 and 2013, at the urging of Governor Sam Brownback, lawmakers cut the top rate of the state’s income tax by almost 30 percent and the tax rate on certain business profits to zero. Under “supply-side” economic theory, these deep tax cuts should have acted — as Brownback then predicted — like “a shot of adrenaline into the heart of the Kansas economy,” stimulating strong growth in economic output, job creation, and new business formation. But in reality, Kansas underperformed most neighboring states and the nation on all of those measures after the tax cuts. For example:

    • Kansas’ 4.2 percent private-sector job growth from December 2012 (the month before the tax cuts took effect) to May 2017 (the month before they were repealed) was lower than all of its neighbors except Oklahoma and less than half of the 9.4 percent job growth in the United States.
    • Likewise, the number of Kansas residents reporting income on their federal tax returns from a partnership or “S corporation” (two of the main types of businesses that the tax cuts exempted from income tax) grew by 4.1 percent between 2012 and 2015, well below the 5.4 percent growth for the United States and below all of Kansas’ neighbors except Missouri.

    Moreover, Kansas revenues plunged, leading to cuts to education and other vital services and downgrades in the state’s bond rating. On June 6, 2017, the legislature terminated what Brownback had termed a “real live experiment” in supply-side tax policy, repealing the business profits exemption and moving income tax rates back toward where they had started.


    Once in a while you get shown the light, in the strangest of places if you look at it right.

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    Quote Originally Posted by cawacko View Post
    What’s up liar.

    The author is a progressive. That doesn’t automatically discredit what he’s saying but don’t deny what he is.

    It would be like Bryan Caplin writing an article for The NY Times. The Times is no less liberal and Caplin no less Libertarian because of it.
    I can give you a lot of them. it is in huge agreement that it was just a gift to the wealthy. Here is another.https://www.marketwatch.com/story/it...ust-2019-01-30 Not lefty. I gave you a centerline source and you called me a liar. What is wrong with you?

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    Quote Originally Posted by PostmodernProphet View Post
    lets be fair.....only you and dumbfuck lib'rul economists........and its a given that you have NO knowledge.......
    Let's be really fair. You do not know what you are talking about and somehow you think you have the power to decide who is liberal and do not even have to prove that they are. And you cannot prove it makes them provide false reports. https://www.thebalance.com/do-tax-cu...e-jobs-3306325 The problem is your mind is shut tight to anything that you think is anti-Trump. Economists are not. They are just revealing what their data says.
    It is you who has no knowledge.

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    Quote Originally Posted by Nordberg View Post
    I can give you a lot of them. it is in huge agreement that it was just a gift to the wealthy. Here is another.https://www.marketwatch.com/story/it...ust-2019-01-30 Not lefty. I gave you a centerline source and you called me a liar. What is wrong with you?
    I called you a liar based on your comment from earlier today.

    Here I simply commented that the author is a progressive economist. That his column was posted on the Forbes doesn’t change who he is. Same as the other example, Bryan Kaplan is no less Libertarian if his column runs in The NY Times.

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