Proj 2025 2-tier tax plan. RAISE taxes on poor, LOWER taxes for higher incomes. No more 10-12% tax for poor, now 15%. No more 32-37% tax for higher income/wealthy, now 30%. BONUS...a LOW LOW tax rate of 18% for wealthy corporations already making record profits. Companies LOVE TFG.
Most productive time in American history was when our top tax bracket was over 90%. Wealth is limited, invest in America or invest in the rich. There is no in-between on this.
I'm a big fan of taxing the shit out of the wealthy. Force them to divest of wealth to hit a lower tax bracket. It worked during Eisenhower's administration.
I think the unprecedented times have people lacking a great deal of situational awareness. It's not just that they will hoard the wealth, it's that we are on the verge of a semi-automated economy, and 90% of Conservatives just sold their inheritance to the wealthy for free.
Give a rich guy money it goes in savings
Give a broke guy money he buys food/gas
Give a broke guy quite a bit of money he buys a TV, bike, cleats, toy for his kids
This is how we fix things so that working people get paid for their work - and the owning class can't steal it from anyone, not even future generations.
Haven’t we tried “trickle down economics “ during Reagan, Bush, W, trump, and it doesn’t work for precisely the reason you pictured. Why keep doing it? Last tax cut from trump I didn’t see, I actually paid more. I guess someone’s gotta pay for things.
That's exactly the reason they were referred to as dragons in the Middle Ages. Couldn't call them out directly, but the audience of that era knew exactly the class of people being referred to.
Buying a politician is cheap. A couple of back door millions and your favorable tax law, killing minimum wage increases, sweetheart insurance rules, import/export policy can save tens, hundreds of millions.
And even if they cross into illegal activity, the fine is less than what they make from it that ot literally is accounted for as a cost of doing business.
Joe Biden: Look, here's where we are. We have the fastest growing economy in the world. We have 8.6 million new jobs just since I got in office. Unemployment rates down to 3.6%. We've reduced the deficit last year by $320 billion, this year going to reduce it by $1.7 trillion dollars.
Easy, cowboy. We're only 44 years into Reagan's "trickle down" economics. Give it time. I did this video 12 years ago so the some of the references old but...
And when the working people have more money to spend, the rich raise prices for goods cause they can and call it inflation. Then everyone votes against the people who helped the working people in the first place. Our type of capitalism based on greed is not sustainable.
Tired of watching the wealthy buy influence in our elections through massive donations and PACs. It’s time we draw the line. If we really want to protect our democracy, we need laws to limit the power of big money in politics. Let’s make it about the people again. #FixtheSystem
This is the most on point real solution to the problem of our current political system, face the fucking facts, corporate America runs this show and they win regardless of the party in control, they just win more with Republicans :(
Top 5% pay 60%of our tax bill. Bottom 50% get more money back than they pay in. Can’t give a tax break to those who do not pay taxes on net. They are already getting money redistribution that someone else paid.
If a person receives more back in “refunds” than they paid in, then they don’t actually pay taxes. 50% of the country pays taxes and generally those who harp about tax cuts or “fair share” don’t pay taxes.
But LOL TAXES “made the 1950s economic boom” was due to post WWII industrialization and excessive optimism in the market coupled with low unemployment. Taxes did not make that happen.
But that's how capital works. I make someone money, they make someone else money, and so on until it all cumulates into someone's pocket. The world withers as we all hope to be that someone. Tis the rules my friend.
Truth, I feel like I'm taking crazy pills nowadays, if you want to stimulate a capitalist economy, give the money to people who will spend it. It's SUPER easy.
Great to see everybody coming over to Bluesky and leaving that cesspool X behind.Will be celebrating Trumps inauguration by closing my Twitter account for good on that day ! Anyone want to join me 💙🫵🏼
And yet, the majority of those who would most benefit from the policies put forth by Vice-president Harris voted for the serial sexual assaulting d-bag with the 14K gold toilet. The leopards are coming for them. And I regret that I will have zero sympathy.
Invest in working people and the wealthy will have it by sundown anyway. But it will have passed through dozens of hands helping scores of people before it gets there. Rather than rotting in the pockets of someone who won’t even notice it anyway.
A rich person inherits 10 million he gets to pay no taxes on it. When he dies and gives 25 million to his kid. The kid pays no taxes on it. The GOP made is so that grandmas inherited IRA will make you pay tax on every $ and raise your tax bracket. The 10yr rule made to stick it to the middleclass.
It's actually hard for wealth to last more than three generations.
A 20-year study by the Williams Group of 3,200 families, found that 70% of wealthy families lose their wealth by the second generation, and a stunning 90% lose it by the third generation
Very very true. We saw that in the 1950s and 60s. We see the reverse now.
We also need a significant death tax which we don't have in Canada. I'm thinking a sliding scale, say 0% on first $1Mil and 50% over $5mil
They so stingy they didn't even give Eric a set of braces- kid should've had a headgear to put his jaw in the right position
It could be he's just holding it like that from being raised by a nanny in a family of Narcissists, perma mope?
Some do.. others have been literally bred not to see it. R voters are literally generational. At least your main block. Like out in Colorado... farmers vote Red... is it a good choice for them...no.. but its what they have always done and always will. Because their family has forever.
For example my late parents always voted repub, and grandparents both sides were repub. But I was liberal as soon as I started paying attention at 18, and read and researched what was going on.
This all came down to a culture war. Putin suceeded at dividing the country with misinformation, Trump suceeded at a full on culture war and they manipulated at least 65 million people into voting against their own interests. The other 10 million that voted for him are wealthy & don't care.
I will say this millions of times, hurt their money; the billionaires. Boycotts work really well. Unions are going to have a hell of a time, so support them. Sabotage their production and distribution. Your guns are useless. They would not let you have them, if they thought you were a threat.
Yes indeed. Trickle down Economics does not work…https://ncrc.org/cbs-news-50-years-of-tax-cuts-for-the-rich-failed-to-trickle-down-economic-study-says/#:~:text=Instead%20of%20trickling%20down%20to,income%20inequality%2C%20the%20research%20indicates.
The velocity of money is what makes a healthy economy. Hoarding money is not only bad, but it is hoarded offshore. So how is that Making America Great Again?
You forgot : when you make it financially easier for poor people, they spend the money directly into the economy rather than sending it to a postbox in the Bahamas.
(This was not posted by a billionaire).
If they have money to spend beyond basics, they buy things and then more jobs get created to meet demand, then the new employees spend and it blossoms onward.
It's worse than that. They hand that money to their idiot kids who never have to learn to be anything other than an idiot, yet can, say, run a baseball team.
Hi Scott..been forever I followed you on Twitter until Elon permanently banned me for saying things that were true!
Like...none of his stuff works!
Anyway I followed you on here! Good to see you again!
True, but also, if you make them pay more, they make their stuff cost more to cover the lost money in profits, and that can also mean less money for their workers if they're the bad kind of boss.
Gloria Steinem said this about women. The list of the world’s wealthiest people is topped by men. JK Rowling keeps giving her money to good causes so she keeps slipping off the list
I'm 48 years old. And at least now I *fully* understand why one of my earliest memories is of my parents yelling at Ronald Regan on the tv when I was about 4.
"trickle down economics". But all that's tricklin' down is poop-water.
Comments
This is why we have Trickle Down and Trump
Your a voice I enjoy hearing 😎
Cheers 🥂
Give a broke guy money he buys food/gas
Give a broke guy quite a bit of money he buys a TV, bike, cleats, toy for his kids
https://www.amazon.com/Making-Money-Real-BJ-Chippindale-ebook/dp/B0CQRKGPCZ
http://firstmakeitwork.org/2023/09/16/making-money-real/
https://www.facebook.com/share/v/1AnugQqFLf/?mibextid=WC7FNe
They use it to implement and sustain oligarchy.
Four decades of billionaire tax cuts got us where we currently are.
Instead they use wealth to lobby. To buy out competition and academia. To fund propaganda.
That's why most people migrated here yet they still don't get it in full.
That's when Reagan gave billionaires tax cuts and started us on the path we're now on.
https://youtu.be/x61p3kpm35E?si=XarTYHP8W9ZwVD48
When you introduce Communism, money loses it's value.
, don't say this to Americans they'll want you deported
also, this might be a cultural clash here, but fair share is the basis of Australian Politics, so i see no problem with it.
But LOL TAXES “made the 1950s economic boom” was due to post WWII industrialization and excessive optimism in the market coupled with low unemployment. Taxes did not make that happen.
https://youtu.be/FE2zTnOJ94I?si=8kZiPL6EjMR0dm7x
A 20-year study by the Williams Group of 3,200 families, found that 70% of wealthy families lose their wealth by the second generation, and a stunning 90% lose it by the third generation
We also need a significant death tax which we don't have in Canada. I'm thinking a sliding scale, say 0% on first $1Mil and 50% over $5mil
It could be he's just holding it like that from being raised by a nanny in a family of Narcissists, perma mope?
Now realize that the "lower classes" are the watering can, and the "upper classes" are the bucket.
Rich people's money is lazy and slothful—it hangs around for ages, waiting for the right opportunities—which may be abroad.
Poor people's money is hard working, quick off the mark, and local—it gets spent right away on essentials.
“Trickle down” economics is complete nonsense.
The fuckin dumb voters obviously don't
(This was not posted by a billionaire).
Like...none of his stuff works!
Anyway I followed you on here! Good to see you again!
Wealthy people will bank that shit. It’s means nothing to them
and they will never care!
More for the pile.
"trickle down economics". But all that's tricklin' down is poop-water.