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Ilsa

(61,695 posts)
Mon Jun 26, 2017, 03:55 PM Jun 2017

Next time some Repub says the top 400 need that tax cut

to invest in the US economy, ask them, "What are they going to do with the tax cut money that they can't do with the wealth they already own, $2.34 TRILLION, which is equal to the wealth of 61% or 194 million US citizens?"

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Next time some Repub says the top 400 need that tax cut (Original Post) Ilsa Jun 2017 OP
Lets wait until that group repatriates all the billions that they have procon Jun 2017 #1
I like that, too. Ilsa Jun 2017 #3
they need moooooaaarrrrr money. unblock Jun 2017 #2
Well said! Ilsa Jun 2017 #6
The United States is very, very good to the wealthy gratuitous Jun 2017 #4
IS IT BUDGET NEUTRAL??? sure. we just cut. NO! THAT IS NOT! pansypoo53219 Jun 2017 #5
The real wealthy put money overseas or into certain Hedge Funds BSdetect Jun 2017 #7
What have they been doing with that trickle down crap since Reagan? QED Jun 2017 #8
Anybody With More Than 10 Million... ProfessorGAC Jun 2017 #9

procon

(15,805 posts)
1. Lets wait until that group repatriates all the billions that they have
Mon Jun 26, 2017, 04:03 PM
Jun 2017

already squirreled away in offshore tax havens to avoid paying their fair share, before we gift them with any more millions stolen from poor Americans.

Ilsa

(61,695 posts)
3. I like that, too.
Mon Jun 26, 2017, 04:09 PM
Jun 2017

I wouldn't count on the sociopaths loving the USA enough to do the right thing.

unblock

(52,253 posts)
2. they need moooooaaarrrrr money.
Mon Jun 26, 2017, 04:08 PM
Jun 2017

it's so frustrating that the engineering concept of trade-offs is so completely missing from politics.

adding to investment capital can help fund investments, but it's possible to have enough or even too much investment capital.

sometimes you need to stimulate supply, sometimes demand. sometimes taxes need to go up, sometimes down. etc.

these are all engineering decisions, trying to tune a machine. yet virtually all political discussion is black and white, all or nothing, which side are you on, etc.


in this case, we're not suffering from a shortage of investment capital, and we're not suffering from rich people not being rich enough. taking money and, of all things, *health* away from millions of people so that a relatively few can have even more of something they already have plenty of is just insane.

gratuitous

(82,849 posts)
4. The United States is very, very good to the wealthy
Mon Jun 26, 2017, 04:23 PM
Jun 2017

Why shouldn't they pay for the country's upkeep by paying their fair share of taxes?

pansypoo53219

(20,981 posts)
5. IS IT BUDGET NEUTRAL??? sure. we just cut. NO! THAT IS NOT!
Mon Jun 26, 2017, 04:37 PM
Jun 2017

WHY CAN"t THE 2% INVEST in america? INVEST IN AMERICA!

BSdetect

(8,998 posts)
7. The real wealthy put money overseas or into certain Hedge Funds
Mon Jun 26, 2017, 05:26 PM
Jun 2017

Renaissance is one such Hedge Fund.

Run by the Mercers. Big drumph supporters. Possibly the biggest.

If you invest with them they return 71% on your money but charge about 50 % commission on that.

We suckers then pay for that as the IRS allows the commission to be a deduction. Less tax income for the govt etc

So you would get about 70% interest minus 50% but then a nice tax bonus on that.

Where else could you get that sort of deal?

And, of course, enough is never enough.

QED

(2,747 posts)
8. What have they been doing with that trickle down crap since Reagan?
Mon Jun 26, 2017, 05:28 PM
Jun 2017

Nothing except squirreling it away in the Caymans or wherever.

ProfessorGAC

(65,076 posts)
9. Anybody With More Than 10 Million...
Mon Jun 26, 2017, 05:47 PM
Jun 2017

...can afford at 5% INCREASE
Between 2&10 million (and includes, barely, my wife and I) can afford 2% INCREASE! Yeah, I'm saying go ahead and raise my taxes! It's the right thing!
Everybody else stays flat, and ADD(!) people to Medicaid not subtract
Then, eliminate the cap on SS (and I'll pay that too) and we solve tons of issues
This tax cut is an abomination and macroeconomically is a farce!

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