Author Topic: Investigations into Trump - obstruction, campaign, taxes, business, etc  (Read 9539 times)

Area 10

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You’d be a bit nervous right now if you were a US SUP retailer who sells boards or paddles made in China...

Weasels wake

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You’d be a bit nervous right now if you were a US SUP retailer who sells boards or paddles made in China...
We'd all be a bit nervous if the dems rolled back the tax cuts, and added more taxes for their socialistic proposals.  That would hurt the US economy quite a bit more, with no end game at all.
It takes a quiver to do that.

RideTheGlide

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You’d be a bit nervous right now if you were a US SUP retailer who sells boards or paddles made in China...
We'd all be a bit nervous if the dems rolled back the tax cuts, and added more taxes for their socialistic proposals.  That would hurt the US economy quite a bit more, with no end game at all.
An opinion based on? ??? The US economy has had more success under heavy taxation for the wealthy and corporations than without it. A rising tide doesn't lift all boats; some are anchored plus the poor folks who can't afford a boat find themselves treading water at best.
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lucabrasi

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An opinion based on? ??? The US economy has had more success under heavy taxation for the wealthy and corporations than without it. A rising tide doesn't lift all boats; some are anchored plus the poor folks who can't afford a boat find themselves treading water at best.
I not so sure about having more success with that model but we can sure see from a recent exposure of 10 years of tax returns that taxing corporations and the wealthy is a reliable way to generate dollars into the system.

RideTheGlide

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An opinion based on? ??? The US economy has had more success under heavy taxation for the wealthy and corporations than without it. A rising tide doesn't lift all boats; some are anchored plus the poor folks who can't afford a boat find themselves treading water at best.
I not so sure about having more success with that model but we can sure see from a recent exposure of 10 years of tax returns that taxing corporations and the wealthy is a reliable way to generate dollars into the system.
I depends on who is defining success:
Altogether, corporate America has announced more than 140,000 job cuts since the 2017 Republican Tax Act passed—nearly 87,000 shed by Fortune 500 companies alone—while sharing just 9 percent of its $76 billion tax windfall in the form of wage hikes and one-time bonuses. But to quibble over jobs and wages would be to entirely miss the point. Wealthy shareholders like me? We’re doing great, thanks to an astonishing $480 billion (and counting!) in stock buybacks announced since the Tax Act’s passage—more than 68 times the return to workers. By that metric, the tax cuts are working exactly as intended.

Source: https://prospect.org/article/want-expand-economy-tax-rich

Goes on to say:

To be clear: There is simply no empirical evidence or plausible economic mechanism to support the claim that cutting top tax rates spurs economic growth. Zero. Zilch. Nada. When President Bill Clinton hiked taxes, the economy boomed. When President George W. Bush slashed taxes, the economy ultimately collapsed. It wasn’t until after most of the Bush tax cuts expired during the Obama administration that the post–Great Recession recovery started to pick up steam—an ongoing recovery that, as uneven as it has been, has grown into one of the longest economic expansions in U.S. history.

And then, of course, there’s Kansas.

The Kansas Experiment and the Trickle-Down Myth
In 2012, Kansas Governor Sam Brownback famously embarked on what he called a “real live experiment,” pitting pure trickle-down theory against economic reality. Unfortunately for Kansans, reality won. Kansas has dramatically underperformed its neighboring states and the nation as a whole both in economic growth and in job creation since slashing taxes on individuals and corporations to as low as zero. Compare that with California, which in 2012 elicited the usual apocalyptic warnings from trickle-downers by daring to raise its top income tax rate to a highest-in-the-nation 13.3 percent. By 2015, California had one of the fastest-growing economies in the nation. Kansas? One of the slowest.


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eastbound

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i hope you read the above, WW---bc repeating the float all boats myth, is really just about repeating falsehoods

if you differ, pls explain and link
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Weasels wake

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i hope you read the above, WW---bc repeating the float all boats myth, is really just about repeating falsehoods

if you differ, pls explain and link
Not only do I not buy that as being a reliable guarantee, I'll double down. 
All of these investigations, currently being done by congress, drastically hurts Trump's negotiations with China, they are paying just as much attention to it as we are.  Why would they want to enter a deal with Trump if they feel that he could be history?  We'd probably have a deal with China by now if the continuing witch hunt wasn't happening, which to me is the most distressing thing about it.  It's just another form of the "Resist" movement which is about as unpatriotic as you can get on so many levels.
I don't need links, I don't suck on the mainstream media with their "expert's" tit.
It takes a quiver to do that.

lucabrasi

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I depends on who is defining success:
Altogether, corporate America has announced more than 140,000 job cuts since the 2017 Republican Tax Act passed—nearly 87,000 shed by Fortune 500 companies alone—while sharing just 9 percent of its $76 billion tax windfall in the form of wage hikes and one-time bonuses. But to quibble over jobs and wages would be to entirely miss the point. Wealthy shareholders like me? We’re doing great, thanks to an astonishing $480 billion (and counting!) in stock buybacks announced since the Tax Act’s passage—more than 68 times the return to workers. By that metric, the tax cuts are working exactly as intended.
Goes on to say:

To be clear: There is simply no empirical evidence or plausible economic mechanism to support the claim that cutting top tax rates spurs economic growth. Zero. Zilch. Nada. When President Bill Clinton hiked taxes, the economy boomed. When President George W. Bush slashed taxes, the economy ultimately collapsed. It wasn’t until after most of the Bush tax cuts expired during the Obama administration that the post–Great Recession recovery started to pick up steam—an ongoing recovery that, as uneven as it has been, has grown into one of the longest economic expansions in U.S. history.

And then, of course, there’s Kansas.
…….

I think the president gets too much credit and also too much blame for the economy. For the examples stated.....Clinton's term was at the dawn and during the internet/technology boom. The crash 10 years ago was more about a correction neeeding to be made......too much easy money out there and too much of it was bad and it had run it's course during the Obama administration and keeps on chugging.

Kansas? Well, there's no place like home and not many people want to call Kansas home. California has lot's going for it and just plain going regardless of all the taxes and regs.

I think all the economy runs in cycles and regardless, Trumps taxes show how broken the tax system is if nothing else. Why are none of the screamers who are just so happy that he is showing these losses not saying "we need to fix this bs..." instead of "Ha, see, he isn't so rich........". I think that's the real issue there. No, we shouldn't leverage corporations or high income individuals but that just not supposed to be how it works. Pay no taxes. But it seems to be how it works and really is no secret. You also know the IRS is up his ass with a microscope, especially with those losses and it appears he hasn't broken any tax rules regarding his filings but I don't know for sure nor do I know what or when this next turn in the economy is going to happen and how.

just what I think.......

RideTheGlide

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i hope you read the above, WW---bc repeating the float all boats myth, is really just about repeating falsehoods

if you differ, pls explain and link
Not only do I not buy that as being a reliable guarantee, I'll double down. 
All of these investigations, currently being done by congress, drastically hurts Trump's negotiations with China, they are paying just as much attention to it as we are.  Why would they want to enter a deal with Trump if they feel that he could be history?  We'd probably have a deal with China by now if the continuing witch hunt wasn't happening, which to me is the most distressing thing about it.  It's just another form of the "Resist" movement which is about as unpatriotic as you can get on so many levels.
I don't need links, I don't suck on the mainstream media with their "expert's" tit.
So though Trump may have committed criminal acts (there is much evidence to suggest he has) we might get a better deal with China if we don't investigate the crimes, so we should turn a blind eye? And Resist is unpatriotic? Opinions vary...
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RideTheGlide

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I depends on who is defining success:
Altogether, corporate America has announced more than 140,000 job cuts since the 2017 Republican Tax Act passed—nearly 87,000 shed by Fortune 500 companies alone—while sharing just 9 percent of its $76 billion tax windfall in the form of wage hikes and one-time bonuses. But to quibble over jobs and wages would be to entirely miss the point. Wealthy shareholders like me? We’re doing great, thanks to an astonishing $480 billion (and counting!) in stock buybacks announced since the Tax Act’s passage—more than 68 times the return to workers. By that metric, the tax cuts are working exactly as intended.
Goes on to say:

To be clear: There is simply no empirical evidence or plausible economic mechanism to support the claim that cutting top tax rates spurs economic growth. Zero. Zilch. Nada. When President Bill Clinton hiked taxes, the economy boomed. When President George W. Bush slashed taxes, the economy ultimately collapsed. It wasn’t until after most of the Bush tax cuts expired during the Obama administration that the post–Great Recession recovery started to pick up steam—an ongoing recovery that, as uneven as it has been, has grown into one of the longest economic expansions in U.S. history.

And then, of course, there’s Kansas.
…….

I think the president gets too much credit and also too much blame for the economy. For the examples stated.....Clinton's term was at the dawn and during the internet/technology boom. The crash 10 years ago was more about a correction neeeding to be made......too much easy money out there and too much of it was bad and it had run it's course during the Obama administration and keeps on chugging.

Kansas? Well, there's no place like home and not many people want to call Kansas home. California has lot's going for it and just plain going regardless of all the taxes and regs.

I think all the economy runs in cycles and regardless, Trumps taxes show how broken the tax system is if nothing else. Why are none of the screamers who are just so happy that he is showing these losses not saying "we need to fix this bs..." instead of "Ha, see, he isn't so rich........". I think that's the real issue there. No, we shouldn't leverage corporations or high income individuals but that just not supposed to be how it works. Pay no taxes. But it seems to be how it works and really is no secret. You also know the IRS is up his ass with a microscope, especially with those losses and it appears he hasn't broken any tax rules regarding his filings but I don't know for sure nor do I know what or when this next turn in the economy is going to happen and how.

just what I think.......
Actually a graph in the article based on actual data shows little correlation between tax policy and the economy.

Taxes were supposed to be for raising government revenue, not engineering society. Right now they are failing to do a good job of either.
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eastbound

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deficits, too--hell BILL CLINTON presided over one of the best econ and stock market runs in history, including record job growth

WHILE WE WERE ACTUALLY RETIRING US TREASURY DEBT....

INSTEAD OF SELLING GAZILLIONS OF TREASURY BILLS NOTES AND BONDS, AS TODAY (aftier iraq, the fin'l crisis, and trump tax handouts)THE TREASURY WAS ACTUALLY BUYING BACK DEBT---

                                                                                WITH SURPLUSES---like, where tax revenues exceed government expenditures--sounds pretty surreal, no?

and TAXES WERE HIGH TOO! while the economy grew and grew....HOW DAT HAIKU YOU?

oh, and the middle class got a lil piece of it all too

NOW--we are saddled with debt like never before--for the looong haul--all of us americans, and our progeny---but how many of you got a piece of the handout?? cuz the deficits are equally yours--

at least all that free taxcut money that fueled up those private jets didnt get into commie socialist programs---like fixing the cost of college and student debt and health care--you know, all that stuff western european countries and canada somehow afford, where we cant---hell we're having a tough time getting food stamps to our working poor full time walmart workers....

but them jets are fueled and flying---you got one WW?

and pls share your non-mainstream media sources---always interested in intelligent new information and ideas....
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SanoSlatchSup

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For those of you talking about the national debt, you might find this site somewhat interesting...with just about every imaginable breakdown wrt it in the left hand column. Doesn't look real promising no matter how one tries to slice and dice it.  :(
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magentawave

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You’d be a bit nervous right now if you were a US SUP retailer who sells boards or paddles made in China...
We'd all be a bit nervous if the dems rolled back the tax cuts, and added more taxes for their socialistic proposals.  That would hurt the US economy quite a bit more, with no end game at all.
An opinion based on? ??? The US economy has had more success under heavy taxation for the wealthy and corporations than without it. A rising tide doesn't lift all boats; some are anchored plus the poor folks who can't afford a boat find themselves treading water at best.

Can you please cite a time in US history when the US was more successful due to high taxes?
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RideTheGlide

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Keep reading, I did. I quoted an article with a couple of examples.
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magentawave

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Keep reading, I did. I quoted an article with a couple of examples.

I don't feel like going through this entire thread (cuz I'm going surfing now!), but are you referring to the 50's and 60's when income taxes were as high as 90%?
8' x 28" x 4.25" - Brawner (13 lbs)
8'-6" x 29 1/4" x 4' x 118 Liters - Azul Forte Pro custom
9' x 29" x 4" x 124 Liters - Hobie custom (15 lbs)
9-2' x 29" x 3 7/8" - Sunova (15 lbs)