With unemployment low and wages rising, the struggle for basic necessities like food should be easing. But those on the front lines of feeding the hungry say they are seeing the opposite.
That’s trickle down. You just described what we’ve been trying for the last 60 years. And in that time the only thing that’s happened is the wealthy take their tax breaks and hold on to it. They don’t create more jobs. They don’t pay their workers more. They store it in things like super yachts.
Lowering taxes does not create more economic activity unless they were burdensome to start with. Which is not a problem American rich people and Corporations have.
I’m talking about encouraging people to put in use as much as possible of what they own, which means that making interaction cheaper via lowering some taxes is important to do not only for the “lower income level” people, actually it’s most important for the “rich”. That’s the candy part of encouraging economic activity, and the boot part would be taxing properties (should be done carefully, or, say, large realty companies are going to be less affected than individual owners with only their apartment\house, which would be a complete failure).
This? This is the entirety of the comment, and it is the theory behind the massive tax breaks American politicians keep giving the wealthy. If you mean something else please let me know.
Well then you’re just plain wrong. Because we’ve been lowering taxes on the wealthy for 60 years and they still aren’t circulating the money. We even tried giving them money. Just more yachts and stocks.
That’s trickle down. You just described what we’ve been trying for the last 60 years. And in that time the only thing that’s happened is the wealthy take their tax breaks and hold on to it. They don’t create more jobs. They don’t pay their workers more. They store it in things like super yachts.
Lowering taxes does not create more economic activity unless they were burdensome to start with. Which is not a problem American rich people and Corporations have.
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This? This is the entirety of the comment, and it is the theory behind the massive tax breaks American politicians keep giving the wealthy. If you mean something else please let me know.
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Well then you’re just plain wrong. Because we’ve been lowering taxes on the wealthy for 60 years and they still aren’t circulating the money. We even tried giving them money. Just more yachts and stocks.
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All the moaning in the world doesn’t change history.
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