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(Marketwatch)   GOP voters: "Sweet, we're getting tax cuts." Consumer Inflation: "Yoink. I'll take that"   ( marketwatch.com) divider line
    More: Fail, Consumer price index, Great Recession, highest yearly rate, core cpi, medical care, consumer price index, closely followed measure, Trump tax cuts  
•       •       •

2011 clicks; posted to Politics » on 12 Jul 2018 at 7:06 PM (3 days ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



44 Comments     (+0 »)
 
View Voting Results: Smartest and Funniest
 
3 days ago  
You didn't get tax cuts, you lost a crapload of deductions.  And all those temporary cuts you got to make up for it are going away in a few years.

Morons.
 
3 days ago  

Marcus Aurelius: You didn't get tax cuts, you lost a crapload of deductions.  And all those temporary cuts you got to make up for it are going away in a few years.

Morons.


In the meantime, I hope they enjoy everything at Walmart being dearer thanks to the Great Leader's glorious trade war.

Stigginit is an expensive luxury good.
 
3 days ago  

Marcus Aurelius: You didn't get tax cuts, you lost a crapload of deductions.  And all those temporary cuts you got to make up for it are going away in a few years.

Morons.


But they get to call the cops when "those people" are swimming, BBQing, sitting, eating, walking, mowing lawns...so it's a wash.
 
3 days ago  
Doesn't matter. They're stigginit. That's what they want. To watch everything burn around them so the "other" suffers. Relating, interacting, and accepting those different from you is hard work.

These idiots would rather live in shiat than work a shovel.
 
3 days ago  
Wait, the Manhattan billionaire who shiats in a golden toilet and who wants nothing more than fame and the approval of the TRULY wealthy really didn't have the best interests of lower-middle-class workers at heart?

Oh, mah STARS! I do believe I've got me the vapors!
 
3 days ago  
But when your wages go up because of a minimum wage hike, inflation doesn't happen.  Because that's totally different.
 
3 days ago  
Real or adjusted hourly pay rose 0.1% in June

Costco membership here I come!
 
3 days ago  
We tried to tell them it was a lie. We tried to inform them it was almost all going to the investor class. But they had to stiggit. Well, they've now started to realize they've stuggit to themselves. Unfortunately, they'll still vote Trump in 2020.
 
3 days ago  
It wasn't a tax cut, unless you are wealthy. For most of us, it was loan that has to be paid back with interest by 2024.
 
3 days ago  
The Democrats need to be making the point over and over again that what the Republicans did isn't a tax cut but a tax deferment which the rubes will eventually repay in full with interest. As long as there is an annual deficit, it's a tax deferment.
 
3 days ago  

Marcus Aurelius: You didn't get tax cuts, you lost a crapload of deductions.  And all those temporary cuts you got to make up for it are going away in a few years.

Morons.


But my standard deduction got doubled!!! Why are you f*cking with my crumbs! The pie pan can only hold so much for all of us!
 
3 days ago  

Catlenfell: It wasn't a tax cut, unless you are wealthy. For most of us, it was loan that has to be paid back with interest by 2024.


Isn't it cute that the "tax cuts" for most of us expire after the election, but the wealthy keep there's? I should tune into Fox to see their deep analysis of this.
 
stk
3 days ago  
Hey, if "economic anxiety" wins elections, double down on it!
 
3 days ago  

Lucky LaRue: But when your wages go up because of a minimum wage hike, inflation doesn't happen.  Because that's totally different.


It makes no difference in this case, since there is actually no tax cut for the working class here at all, in a couple of years - and they didn't fix the cap gains loopholes like Trump promised.
The 99% got played.
 
3 days ago  
The actual tax bill says "Yoink I'll take that back" itself.
 
3 days ago  

Befuddled: The Democrats need to be making the point over and over again that what the Republicans did isn't a tax cut but a tax deferment which the rubes will eventually repay in full with interest. As long as there is an annual deficit, it's a tax deferment.


Oh, they know, kinda.  They don't care.  I figure, so many are so old they figure that they'll be dead before the tax raises needed to control the deficits come due.  Or they actually think it's possible to drown the government in the bathtub.
 
3 days ago  

Lucky LaRue: But when your wages go up because of a minimum wage hike, inflation doesn't happen.  Because that's totally different.


Do you know anything about economics?  Or are you just a corpatist shill?
 
3 days ago  

Marcus Aurelius: You didn't get tax cuts, you lost a crapload of deductions.  And all those temporary cuts you got to make up for it are going away in a few years.

Morons.


I am going to enjoy hearing people flip out next year because they didn't have enough withheld and have to pay in.
 
3 days ago  

Lucky LaRue: But when your wages go up because of a minimum wage hike, inflation doesn't happen.  Because that's totally different.


This would have bearing if the minimum wage had even kept pace with inflation over the past 40 years. But leave it to you to ignore that.
 
3 days ago  
Tax cuts? For me, the little guy?
i.imgur.comView Full Size
 
3 days ago  
Silly voters, tax cuts are for the rich.
 
3 days ago  

Snapper Carr: Silly voters, tax cuts are for the rich.


Shoulda bought more money.  Poor planning, that.
 
3 days ago  

dickfreckle: Catlenfell: It wasn't a tax cut, unless you are wealthy. For most of us, it was loan that has to be paid back with interest by 2024.

Isn't it cute that the "tax cuts" for most of us expire after the election, but the wealthy keep there's? I should tune into Fox to see their deep analysis of this.


"The DEMOCRATS forced us to pass this legislation....."
 
3 days ago  

dickfreckle: Catlenfell: It wasn't a tax cut, unless you are wealthy. For most of us, it was loan that has to be paid back with interest by 2024.

Isn't it cute that the "tax cuts" for most of us expire after the election, but the wealthy keep there's? I should tune into Fox to see their deep analysis of this.


I'm here from the future, in 2023:

"The biggest issue looking for the 2024 campaign is how YOUR tax cuts are going away.  This is, of course, due to President Trump, Jr. (D)*, and you should therefore vote for whoever the Republican candidate is.  Do it or your paycheck decreases forever."

*not intended to reflect actual party affiliation
 
3 days ago  
Gee, it's starting to look like GOP voters aren't very clever.
 
3 days ago  

Marcus Aurelius: You didn't get tax cuts, you lost a crapload of deductions.  And all those temporary cuts you got to make up for it are going away in a few years.

Morons.


My wife is a tax CPA and she agrees 100%. But you have to remember: people will get hit with the news after the 2018 elections and that's good enough for the GOP.
 
3 days ago  

uh...nobody: Lucky LaRue: But when your wages go up because of a minimum wage hike, inflation doesn't happen.  Because that's totally different.

Do you know anything about economics?  Or are you just a corpatist shill?


No and no. He misread the application form and ended up with coprolalia.

/Don't let him kiss you or borrow your toothbrush.
 
3 days ago  

uh...nobody: Lucky LaRue: But when your wages go up because of a minimum wage hike, inflation doesn't happen.  Because that's totally different.

Do you know anything about economics?  Or are you just a corpatist shill?


Take it easy. It's just a resident troll.

/ Please don't feed with responses...
 
3 days ago  

uh...nobody: Lucky LaRue: But when your wages go up because of a minimum wage hike, inflation doesn't happen.  Because that's totally different.

Do you know anything about economics?  Or are you just a corpatist shill?


You must be new.
 
3 days ago  

Lucky LaRue: But when your wages go up because of a minimum wage hike, inflation doesn't happen.  Because that's totally different.


The adjusted for inflation minimum wage should be at least $10.10.  It should also be tied to the CPI.
 
3 days ago  

soopey: We tried to tell them it was a lie. We tried to inform them it was almost all going to the investor class. But they had to stiggit. Well, they've now started to realize they've stuggit to themselves. Unfortunately, they'll still vote Trump in 2020.


No. Wrong. Sad.

They have not realized they've stuggit to themselves.
 
3 days ago  
img.fark.netView Full Size


Delicious faces.
 
3 days ago  

Marcus Aurelius: You didn't get tax cuts, you lost a crapload of deductions.  And all those temporary cuts you got to make up for it are going away in a few years.

Morons.


To add to that - folks are now paying stealth taxes through the tariffs.

$34 billion in taxes on goods imported from China, with another $200 billion in taxes headed towards US consumers underway.

Meanwhile industry has to make up close on $8 billion in taxes on steel and aluminum. Again this will filter down to consumers in one form or another.

And at the same time a lot of industry and agriculture in the US is getting hit by a diminished ability to export goods abroad due to both Trump shutting over trade deals and tarrifs added to US goods in response to Trumps asinine trade war.

In my own experience since the tariffs started getting announced I have seen, IRL:

Building designs changed from steel to concrete due to price cost fears.
A ~$100 million construction project put on hold indefinitely during design because of overall uncertainty directly related to the tariffs along with materials cost concerns
A merger fall through with the tariffs cited as major factors by all parties due to the global nature of the companies involved

The average idiot on the street might just be starting to notice the odd price increase here or there, and folks in industries directly affected like soy farmers might be getting concerned, but I doubt many out there realize a Category 5 shiatstorm is headed right at the US economy.

We're looking at simultaneous:
1. Broad hits to industrial profitability.
2. Major construction slowing down due to uncertainty.
3. Residential construction costs increasing due to timber tariffs
4. Large regional agricultural profitability failures headed in due to retaliation tariffs.
5. Interest rates rising - this hurts house prices and financing for development (this couples with items 2 and 3)
6. Inflation is eating at paychecks
7. Lots of investment is getting very jittery due to a total lack of stability in government

All this combine to put the US on the precipice of a recession incoming from seven directions at once that it will have few tools to address because taxes were already slashed to send money to the wealthy and the deficit was recently almost doubled for the same reason.

Stock up on canned food, is what I'm saying.
 
3 days ago  
Tax cuts for the wealthy didn't help the average consumer huh? What a surprise.
 
3 days ago  
Printing more money to pay for rich farkers to get a tax break devalues the money you have.  Film at 11.

JFC, who didn't see this coming?!?
 
3 days ago  

Befuddled: The Democrats need to be making the point over and over again that what the Republicans did isn't a tax cut but a tax deferment which the rubes will eventually repay in full with interest. As long as there is an annual deficit, it's a tax deferment.


But her emails!!!! MAGA!!!
 
3 days ago  

sirrerun: Marcus Aurelius: You didn't get tax cuts, you lost a crapload of deductions.  And all those temporary cuts you got to make up for it are going away in a few years.

Morons.

But they get to call the cops when "those people" are swimming, BBQing, sitting, eating, walking, mowing lawns...so it's a wash.


You'll be surprised what people do for fun when they can't afford the Netflix.
 
3 days ago  

Target Builder: Marcus Aurelius: You didn't get tax cuts, you lost a crapload of deductions.  And all those temporary cuts you got to make up for it are going away in a few years.

Morons.

To add to that - folks are now paying stealth taxes through the tariffs.

$34 billion in taxes on goods imported from China, with another $200 billion in taxes headed towards US consumers underway.

Meanwhile industry has to make up close on $8 billion in taxes on steel and aluminum. Again this will filter down to consumers in one form or another.

And at the same time a lot of industry and agriculture in the US is getting hit by a diminished ability to export goods abroad due to both Trump shutting over trade deals and tarrifs added to US goods in response to Trumps asinine trade war.

In my own experience since the tariffs started getting announced I have seen, IRL:

Building designs changed from steel to concrete due to price cost fears.
A ~$100 million construction project put on hold indefinitely during design because of overall uncertainty directly related to the tariffs along with materials cost concerns
A merger fall through with the tariffs cited as major factors by all parties due to the global nature of the companies involved

The average idiot on the street might just be starting to notice the odd price increase here or there, and folks in industries directly affected like soy farmers might be getting concerned, but I doubt many out there realize a Category 5 shiatstorm is headed right at the US economy.

We're looking at simultaneous:
1. Broad hits to industrial profitability.
2. Major construction slowing down due to uncertainty.
3. Residential construction costs increasing due to timber tariffs
4. Large regional agricultural profitability failures headed in due to retaliation tariffs.
5. Interest rates rising - this hurts house prices and financing for development (this couples with items 2 and 3)
6. Inflation is eating at paychecks
7. Lots of investment is getting very jittery du ...


According to state media, we're totally winning the trade war.

/Fox News + Sinclair Media
//wish I was kidding.
 
3 days ago  
But I just got a Costco membership.
 
3 days ago  

Target Builder: Marcus Aurelius: You didn't get tax cuts, you lost a crapload of deductions.  And all those temporary cuts you got to make up for it are going away in a few years.

Morons.

To add to that - folks are now paying stealth taxes through the tariffs.

$34 billion in taxes on goods imported from China, with another $200 billion in taxes headed towards US consumers underway.

Meanwhile industry has to make up close on $8 billion in taxes on steel and aluminum. Again this will filter down to consumers in one form or another.

And at the same time a lot of industry and agriculture in the US is getting hit by a diminished ability to export goods abroad due to both Trump shutting over trade deals and tarrifs added to US goods in response to Trumps asinine trade war.

In my own experience since the tariffs started getting announced I have seen, IRL:

Building designs changed from steel to concrete due to price cost fears.
A ~$100 million construction project put on hold indefinitely during design because of overall uncertainty directly related to the tariffs along with materials cost concerns
A merger fall through with the tariffs cited as major factors by all parties due to the global nature of the companies involved

The average idiot on the street might just be starting to notice the odd price increase here or there, and folks in industries directly affected like soy farmers might be getting concerned, but I doubt many out there realize a Category 5 shiatstorm is headed right at the US economy.

We're looking at simultaneous:
1. Broad hits to industrial profitability.
2. Major construction slowing down due to uncertainty.
3. Residential construction costs increasing due to timber tariffs
4. Large regional agricultural profitability failures headed in due to retaliation tariffs.
5. Interest rates rising - this hurts house prices and financing for development (this couples with items 2 and 3)
6. Inflation is eating at paychecks
7. Lots of investment is getting very jittery due to a total lack of stability in government

All this combine to put the US on the precipice of a recession incoming from seven directions at once that it will have few tools to address because taxes were already slashed to send money to the wealthy and the deficit was recently almost doubled for the same reason.

Stock up on canned food, is what I'm saying.


The important thing is that the pain is felt after November, so the blue wave can be safely blamed.
 
3 days ago  

KiwDaWabbit: Marcus Aurelius: You didn't get tax cuts, you lost a crapload of deductions.  And all those temporary cuts you got to make up for it are going away in a few years.

Morons.

I am going to enjoy hearing people flip out next year because they didn't have enough withheld and have to pay in.


Just after the Democrat majority is in place in Congress? You have confidence in the American people to see through this?
 
3 days ago  
From the sidebar to the article:
img.fark.netView Full Size

...much like how the case against Trump was "so obvious, it can't be right".
 
3 days ago  

whatsupchuck: Printing more money to pay for rich farkers to get a tax break devalues the money you have.  Film at 11.

JFC, who didn't see this coming?!?


Everything that Democrats warned us about was true.  Everything that Republicans promised us was bullsh*t.

So obviously both sides are bad.
 
2 days ago  

Catlenfell: It wasn't a tax cut, unless you are wealthy. For most of us, it was loan that has to be paid back with interest by 2024.


My God. I am using this.
 
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