$18.00
GeekGold Bonus for All Supporters: 128.17

7,584 Supporters

$15 min for supporter badge & GeekGold bonus
47.8% of Goal | left

Support:

Recommend
 
 Thumb up
 Hide
13 Posts

BoardGameGeek» Forums » Everything Else » Religion, Sex, and Politics

Subject: The simple basis of the Trump tax plan rss

Your Tags: Add tags
Popular Tags: [View All]
wayne mathias
United States
Niceville
Florida
flag msg tools
mbmb
1) There are winners and losers.
If you own a business you might be a winner.
If you get a paycheck and somebody could say "you're fired" you are a loser.

2) Winners deserve a lower tax rate than losers.

See, it is all quite simple.
3 
 Thumb up
0.05
 tip
 Hide
  • [+] Dice rolls
Sam I am
United States
Portage
Michigan
flag msg tools
What did I tell you...
badge
NO PICKLE!
mbmbmbmbmb
Given the rousing success that trickle-down economics has been, I'd be shocked if he proposed anything else. I look forward to being trickled down on by the top 10%.
 
 Thumb up
 tip
 Hide
  • [+] Dice rolls
jeremy cobert
United States
cedar rapids
Iowa
flag msg tools
mbmbmbmbmb
rcbevco wrote:
Given the rousing success that trickle-down economics has been,


Compared to what ?
 
 Thumb up
 tip
 Hide
  • [+] Dice rolls
Sam I am
United States
Portage
Michigan
flag msg tools
What did I tell you...
badge
NO PICKLE!
mbmbmbmbmb
jeremycobert wrote:
rcbevco wrote:
Given the rousing success that trickle-down economics has been,


Compared to what ?



Yes when compared to the laissez-faire "Gilded age" it is an abject failure.

If you listen to the Trickle-downers endless tax-cuts yield endless growth. When the tax rate hits zero the "econo-orgasm" hits and everyone, even the poor, get to shit on golden toilets and own big boats that have smaller boats parked inside them. The only thing standing between you and a "golden throne" are those pesky taxes the rich have to pay.
3 
 Thumb up
 tip
 Hide
  • [+] Dice rolls
jeremy cobert
United States
cedar rapids
Iowa
flag msg tools
mbmbmbmbmb
rcbevco wrote:
If you listen to the Trickle-downers endless tax-cuts yield endless growth.


Was JFK a "trickle-downer" ? I mean, that word is made up, so does it only apply to Republicans who want to cunt taxes and over regulation ?


rcbevco wrote:
When the tax rate hits zero the "econo-orgasm" hits and everyone, even the poor, get to shit on golden toilets and own big boats that have smaller boats parked inside them. The only thing standing between you and a "golden throne" are those pesky taxes the rich have to pay.


Sure, because the democratic socialist polices of nations like Venezuela have show that no matter how bad it get, you can always eat the zoo animals.
 
 Thumb up
 tip
 Hide
  • [+] Dice rolls
Sam I am
United States
Portage
Michigan
flag msg tools
What did I tell you...
badge
NO PICKLE!
mbmbmbmbmb
The answer is as always in the middle. The pendulum swings and I appreciate that Republican's are there to help stop it from swinging too far.

Trump's plan is a ridiculous pandering lie and a nod to the trickle down, supply siders. There comes a point where just simply cutting taxes stops working (see the W administration), but to listen to supply siders there isn't. Infinite tax cuts = infinite growth. If anything the last 30+ years has taught us is that borrowing money to pay for tax cuts for the wealthy is an abject failure. It works a little if rates are too high then peters out. It's as if they don't even believe in the Laffer Curve they love so much.
2 
 Thumb up
0.05
 tip
 Hide
  • [+] Dice rolls
Daniel Edwards
United Kingdom
London
Unspecified
flag msg tools
Poll
What to do?
Cunt taxes and over regulation.
Eat zoo animals.
      10 answers
Poll created by myopia
3 
 Thumb up
 tip
 Hide
  • [+] Dice rolls
jeremy cobert
United States
cedar rapids
Iowa
flag msg tools
mbmbmbmbmb
myopia wrote:
Poll
What to do?
Cunt taxes and over regulation.
Eat zoo animals.
      10 answers
Poll created by myopia


Freudian slip, thinking about Hillary tax plan.
 
 Thumb up
 tip
 Hide
  • [+] Dice rolls
Stephen Rost
United States
Fort Wayne
Indiana
flag msg tools
mbmbmbmbmb
I have for long been a strong proponent of deep tax cunts.

Morally, we should cunt it completely.
1 
 Thumb up
 tip
 Hide
  • [+] Dice rolls
J
United States
Lexington
Kentucky
flag msg tools
admin
mbmbmbmbmb
Prostitution should be legal, regulated, and taxed.
 
 Thumb up
 tip
 Hide
  • [+] Dice rolls
Les Marshall
United States
Woodinville
Washington
flag msg tools
mbmbmbmbmb
jeremycobert wrote:
rcbevco wrote:
If you listen to the Trickle-downers endless tax-cuts yield endless growth.


Was JFK a "trickle-downer" ? I mean, that word is made up, so does it only apply to Republicans who want to cunt taxes and over regulation ?


rcbevco wrote:
When the tax rate hits zero the "econo-orgasm" hits and everyone, even the poor, get to shit on golden toilets and own big boats that have smaller boats parked inside them. The only thing standing between you and a "golden throne" are those pesky taxes the rich have to pay.


Sure, because the democratic socialist polices of nations like Venezuela have show that no matter how bad it get, you can always eat the zoo animals.


Since you asked a question, implying you actually want information, "trickle-down economics" is merely a political label applied to supply side economic emphasis. It was used in the US as early as the 1940's but gained new popularity as supply side economics was fully embraced by Ronald Reagan. Cutting taxes and hobbling regulations are indeed hallmark elements and the assumption is that more wealth at the top would "inevitably" lead to that wealth "trickling down" to the less fortunate.

There are at least three problems. First, economic efficiency considers BOTH supply and demand. It is true that suppliers can better afford to increase supply when they have greater access to their wealth without constraint. However, if your population has no spending power and thus no demand, the suppliers have no incentive to increase supply.

Second, taxes and regulations perform necessary functions in a modern society. Taxes are necessary both to allow government to function and to curb or curtail counterproductive activity. Functions minimally include defense, roads/sewers/bridges and other such infrastructure and a court system. Regulations prevent activity which is inevitably injurious to its citizens and the failure of regulation (as seen in the 2007 economic collapse) imposes significant costs.

Third, we have had at least 3 decades to experiment with primarily supply side measures. We've seen productivity rise year after year while wages have stagnated. Large employers, despite massive tax cuts have both moved production and pooled large cash reserves offshore. The deregulation of the banking/finance sector permitted the rise of fraudulent securities and a runaway loan industry which fell apart and which led to the abrupt loss of pensions and housing investments which ultimately shifted an even greater proportion of wealth into fewer hands and depressing demand even further. The stock market is at historic highs while employment has lagged for years.

There is nothing wrong with seeking to minimize taxes or seeking to minimize or streamline regulation. However, you should also take measure to ensure your population is in a position to assert a steady demand which they can only do with decent health, decent education and a reasonable share of the fruits of their labor.
9 
 Thumb up
0.05
 tip
 Hide
  • [+] Dice rolls
wayne mathias
United States
Niceville
Florida
flag msg tools
mbmb
Are we not wandering away from the concept that a lower tax rate for "winner" methods of getting income (via ownership of a business enterprise) vs "loser" methods (working for a paycheck for instance) is a tax on losers who have the audacity to elevate a loser income above a certain level?
 
 Thumb up
 tip
 Hide
  • [+] Dice rolls
J
United States
Lexington
Kentucky
flag msg tools
admin
mbmbmbmbmb
It's working out oh so well for Kansas.
1 
 Thumb up
 tip
 Hide
  • [+] Dice rolls
Front Page | Welcome | Contact | Privacy Policy | Terms of Service | Advertise | Support BGG | Feeds RSS
Geekdo, BoardGameGeek, the Geekdo logo, and the BoardGameGeek logo are trademarks of BoardGameGeek, LLC.