his source is basically perfect, no reason to argue with him

washingtonpost > u



murica creep again

i'm sure your version of communism is the answer

i think he overextends many concepts and has misguided ideas of a lot of leftist institutions as well. I also think he's unnecessarily confrontational for effect and as a tactic to unnerve some people in an attempt to make them look less credible. I still like his stuff though, just like i like Ben Shapiro even though he has similar flaws.

Because they pay the most on sales taxes because there are so many of them consuming so much.

That is why you put money in their hands if you want to grow the economy; they spend a majority of every marginal dollar that comes into their household.

The graph shows who will benefit from the tax cut, and what we know about them is that they save instead of spend marginal dollars. Money going into their savings is money not in circulation and money not being productive.

In short: like most conservative economic policies, this one will harm the economy, by taking productive and circulating dollars and taking them out if circulation so they can stagnate.

Nobody who knows anything about economics will say tax cuts are beneficial. This is going to stall out the growing Obama economy and turn it into a GOP economy, like it was towards the end of Bush's term, with his tax cuts that helped the economy so much.

This post was edited by Skinned on Dec 4 2017 04:42pm

aside from the vast majority of studies on tax cuts and wide swaths of economists and economic theory, including keynesians



pretending a butchered version of Keynesian economics is 'anyone who knows anything about economics' isnt going to fly with people who know better

This post was edited by cambovenzi on Dec 4 2017 04:47pm

argues against income tax by citing sales tax

e: it’s President Trump’s economy



http://money.cnn.com/2017/05/24/news/economy/trump-obama-economic-forecasts/index.html - Reality check on Trump's economic growth forecasts
https://www.vox.com/policy-and-politics/2017/5/23/15674512/trump-budget-economic-growth - Donald Trump’s budget relies on magic economic growth. Three percent per year is a lot less reasonable than it sounds.
http://www.latimes.com/business/hiltzik/la-fi-3percent-20170519-story.html - If Trump thinks he can get more than 3% economic growth, he's dreaming
https://www.cnbc.com/2017/09/25/economists-dont-buy-trumps-3-percent-gdp-growth-target.html - Economists don’t buy Trump’s 3 percent GDP growth target
https://www.npr.org/sections/goatsandsoda/2017/05/23/529711005/one-huge-problem-with-trumps-promise-to-grow-the-u-s-economy - One Huge Problem With Trump's Promise To Grow The U.S. Economy
https://www.vanityfair.com/news/2017/07/trump-does-not-appear-to-understand-basic-economics - TRUMP DOES NOT APPEAR TO UNDERSTAND BASIC ECONOMICS. Does the president know how G.D.P. growth works? The evidence is not encouraging.
https://www.cnbc.com/2017/05/24/heres-why-trumps-3-percent-growth-target-doesnt-add-up.html - Here's why Trump's 3 percent growth target doesn't add up




This post was edited by excellence on Dec 4 2017 04:49pm

You didn't address anything I said except one piece of hubris. My argument is on point and accurate. The argument for tax cuts is from feelings of fairness and morality, not pragmatism or outcome.




You're crediting market conditions to a law that hasn't been signed? I see one linear regression line, but you probably don't know what that means. The law's effect won't be known until its effects are felt. Garbage tier post.

This post was edited by Skinned on Dec 4 2017 04:58pm

not that i agree with his stupid picture, but, market conditions aren't based on current laws or even how the economy is doing in actuality. they're based on investor confidence, which is based on how people think past, current, and future laws and fed behavior are going to affect the economy.

its the number one reason market memes are garbage, they're nothing but consumer confidence driven by consumer confidence as a bubble expands.

thats not how it works
keep your linear-only single-track thought processes going, its done you well here so far

This post was edited by excellence on Dec 4 2017 05:06pm