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(Washington Post)   Corporate profits are at record highs while investment is middling. But don't worry, that next tax cut will supercharge hiring and wages   ( washingtonpost.com) divider line
    More: Obvious  
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925 clicks; posted to Business » on 21 Apr 2018 at 7:02 PM (34 weeks ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2018-04-21 05:20:55 PM  
 It's interesting how so many people will buy into a demonstrably failed idea just because it has an "R" next to it. "I don't need no data, history, math or facts! Shut up and take my money!"

 You rubes are being played by the very elites they use to rile you up. You don't even see it while blinded by the anger Fox feeds you. You need to wake up, pal, bc you're being uses.
 
2018-04-21 05:21:12 PM  
img.fark.netView Full Size


It will trickle down any day now.
 
2018-04-21 05:22:44 PM  
It's trickle down, not downpour.  You libs are soo impatient.
 
2018-04-21 05:31:00 PM  
FTA:
Being a Republican means remembering to forget that tax cuts for the rich hardly ever work. They are always going back to the future that is the 1980s.
Where they're going, they don't need facts
.

Golf clap.
 
2018-04-21 05:33:46 PM  
Writer has a BA in History.  I wouldn't take his economic analysis too seriously.
 
2018-04-21 05:47:44 PM  

bronyaur1: Writer has a BA in History.  I wouldn't take his economic analysis too seriously.


Eh, trickle-down does not and never has worked no matter who writes up the supply-side-fail story of the week.
 
2018-04-21 06:00:27 PM  

bronyaur1: Writer has a BA in History.  I wouldn't take his economic analysis too seriously.


Except that, historically this shiat has never worked.
 
2018-04-21 06:01:55 PM  

Wadded Beef: bronyaur1: Writer has a BA in History.  I wouldn't take his economic analysis too seriously.

Eh, trickle-down does not and never has worked no matter who writes up the supply-side-fail story of the week.


C'mon -- they should feel generous now that they have less taxes to evade!
 
2018-04-21 06:10:01 PM  
Meanwhile, they all cry for more H1-B workers so they can undercut American wages.
 
2018-04-21 06:49:07 PM  
We're farked aren't we?

/ Probably.
// fark it, I'm drunk anyways
///Très
 
2018-04-21 06:51:21 PM  
I was just told I have to take a 20% pay cut. The companies that I work for and with made well over a billion last year.
 
2018-04-21 07:10:21 PM  

Nadie_AZ: I was just told I have to take a 20% pay cut. The companies that I work for and with made well over a billion last year.


Sorry to hear that, such bs.

I got a 2.5% raise this year. Only way to get paid what you're worth is to change jobs.
 
2018-04-21 07:13:23 PM  

Nadie_AZ: I was just told I have to take a 20% pay cut. The companies that I work for and with made well over a billion last year


Looks like your company needs more tax breaks.
 
2018-04-21 07:18:50 PM  

bronyaur1: Writer has a BA in History.  I wouldn't take his economic analysis too seriously.


Most the farkers are probably in oppressed women's studies.
 
2018-04-21 07:21:01 PM  

Nadie_AZ: I was just told I have to take a 20% pay cut. The companies that I work for and with made well over a billion last year.


Turns out fry cooking isn't a high end skill?
 
2018-04-21 07:23:27 PM  

Bullseyed: Nadie_AZ: I was just told I have to take a 20% pay cut. The companies that I work for and with made well over a billion last year.

Turns out fry cooking isn't a high end skill?


My sliders are amazing.
 
2018-04-21 07:58:49 PM  

dickfreckle: It's interesting how so many people will buy into a demonstrably failed idea just because it has an "R" next to it. "I don't need no data, history, math or facts! Shut up and take my money!"

 You rubes are being played by the very elites they use to rile you up. You don't even see it while blinded by the anger Fox feeds you. You need to wake up, pal, bc you're being uses.


I was just wondering earlier today if there was a Tea Party Tax Day protest this year. I didn't hear about one.
 
2018-04-21 08:05:11 PM  
Trump: "Don't worry, poors, it'll trickle down - just wait for the shake!"

 
2018-04-21 08:40:04 PM  
Concetration of capital aside---most of that tax cut will be saved, not spent on consumption or invested in new capital, in expectation of future higher taxes on the wealthy and/or a future US government default. (Economists call this Ricardian equivalence.)

What would ensure federal tax rates stayed low---and might, in principle, encourage the job creators to create jobs---is a "default" of the American welfare state on its obligations.

Problem is, most of that is Social Security and Medicare, and even the GOP are reluctant to stiff Grandpa Redcap on his Social Security cheque, short of a default they hope will only happen when they're safely retired from public life (under, ideally, a Democratic administration).

The deal Grandpa has with the GOP is that he won't be the one who gets his face eaten by leopards, or gets forced in his golden years to be a greeter at Wally World or to move in with his son and the Nasty Woman he married who pulls faces when he repeats the latest jokes about Those People.
 
kab
2018-04-21 08:54:09 PM  
if you darn consumers would put yourselves in more debt for shinies, things would be better
 
2018-04-21 08:56:00 PM  

fusillade762: [img.fark.net image 850x351]

It will trickle down any day now.


It won't. It won't ever.

Both mercantilism and feudalism were shiatty, shiatty, shiatty concepts. I'm starting to think that capitalism can be left behind with them. I'm bleakly fearing democracy may need to go the way of the dodo as well.

I'm not advocating for communism or even lowercase-s socialism. Change will come, I'm just not sure how. It's like I'm trapped in Flatland and I can't conceive of a three-dimensional object. WTF shape should we take?!

Status quo is not the right answer. The other options available are not the right answer. So then farking what? I'm exasperated. I don't want extinction. Spell the name of another way. Some different source of pain and frustration. A new angle. Well, what is it?
 
2018-04-21 09:05:34 PM  
I love how people who don't know dick about economics beyond MAYBE an undergrad class or two are exonomic experts on Fark.
 
2018-04-21 09:06:55 PM  
Given the existence of inflation,  absent a recession shouldn't corporate profits always be at an all time high?
 
2018-04-21 09:17:03 PM  

bronyaur1: I love how people who don't know dick about economics beyond MAYBE an undergrad class or two are exonomic experts on Fark.


*economic
 
2018-04-21 09:17:35 PM  

bronyaur1: I love how people who don't know dick about economics beyond MAYBE an undergrad class or two are exonomic experts on Fark.


Good sir, I have never pretended to be an expert in Exonomics. I would appreciate layman's terms in explicature henceforth.

And I'd like any opinion on my personal conundrum. I think you will find it to be a corundumnal conundrum.

/forgive me, i'm having fun with words right now
 
2018-04-21 09:18:28 PM  
And, yes, I'm aware that "exonomic" and "economic" aren't the same thing, but, no one really uses "exonomic" except as a branding mechanism...
 
2018-04-21 09:23:37 PM  

bronyaur1: I love how people who don't know dick about economics beyond MAYBE an undergrad class or two are exonomic experts on Fark.


You don't need any degree to recognize a pattern.
 
2018-04-21 09:43:03 PM  
im sure this helps self employed or companies with fewer employees (recalling my self-employed years), but the large corporations are greedy as fark, and the only way to hurt them is to increase personal taxes, ie burn the ceos.

the government just doesn't want to pull that lever
 
2018-04-21 09:52:25 PM  

bronyaur1: I love how people who don't know dick about economics beyond MAYBE an undergrad class or two are exonomic experts on Fark.


 I took said undergrad class but I don't even need it to explain how f*cking stupid Republican Math is. Are you the expert in this thread? If so, please explain it to us.
 
2018-04-21 09:54:42 PM  

FormlessOne: And, yes, I'm aware that "exonomic" and "economic" aren't the same thing, but, no one really uses "exonomic" except as a branding mechanism...


Exonomic describes a chemical process accompanied by the release of money.
 
2018-04-21 10:01:36 PM  

dickfreckle: bronyaur1: I love how people who don't know dick about economics beyond MAYBE an undergrad class or two are exonomic experts on Fark.

 I took said undergrad class but I don't even need it to explain how f*cking stupid Republican Math is. Are you the expert in this thread? If so, please explain it to us.


He's the dean of a business school, apparently.
 
2018-04-21 10:02:38 PM  

bronyaur1: I love how people who don't know dick about economics beyond MAYBE an undergrad class or two are exonomic experts on Fark.


What does being a great token collector have to do with the trickle-downs? Well, I suppose you might be too poor to be a high-end numismatist, but I really shouldn't assume.
 
2018-04-21 10:08:50 PM  

fusillade762: [img.fark.net image 850x351]

It will trickle down any day now.


trickle.........you mean like the pee down a homeless bum's leg?
 
2018-04-21 10:11:50 PM  

neritz: We're farked aren't we?

/ Probably.
// fark it, I'm drunk anyways
///Très


You too?? BUDDDEEEEEEEEEE.................
/raises glass, nods across room
/falls on face
/shiat, spilled mu drink..........
 
2018-04-21 10:14:10 PM  

FormlessOne: bronyaur1: I love how people who don't know dick about economics beyond MAYBE an undergrad class or two are exonomic experts on Fark.

*economic


no, exonomic sounds about right
 
2018-04-21 10:16:54 PM  

fusillade762: FormlessOne: And, yes, I'm aware that "exonomic" and "economic" aren't the same thing, but, no one really uses "exonomic" except as a branding mechanism...

Exonomic describes a chemical process accompanied by the release of money.


Not released to anyone below upper management it ain't
 
2018-04-21 10:50:11 PM  
img.fark.netView Full Size
freedom
 
2018-04-21 11:11:12 PM  
If the argument is that the tax cuts were supposed to go towards increasing wages and employment, then it should have been passed alongside a minimum wage increases.
 
2018-04-21 11:11:18 PM  
I learned all I need to know about economics from Ferris Bueller's Day off.

Voodoo Economics
80s.comView Full Size
....
 
2018-04-21 11:16:33 PM  

MikeyFuccon: Concetration of capital aside---most of that tax cut will be saved, not spent on consumption or invested in new capital, in expectation of future higher taxes on the wealthy and/or a future US government default. (Economists call this Ricardian equivalence.)

What would ensure federal tax rates stayed low---and might, in principle, encourage the job creators to create jobs---is a "default" of the American welfare state on its obligations.

Problem is, most of that is Social Security and Medicare, and even the GOP are reluctant to stiff Grandpa Redcap on his Social Security cheque, short of a default they hope will only happen when they're safely retired from public life (under, ideally, a Democratic administration).

The deal Grandpa has with the GOP is that he won't be the one who gets his face eaten by leopards, or gets forced in his golden years to be a greeter at Wally World or to move in with his son and the Nasty Woman he married who pulls faces when he repeats the latest jokes about Those People.


So death panels it is. We won't stop paying claims, but the young people get to decide what constitutes a valid claim.
 
2018-04-21 11:18:45 PM  

boozehat: I learned all I need to know about economics from Ferris Bueller's Day off.

Voodoo Economics[80s.com image 600x324]....


img.fark.netView Full Size
 
2018-04-21 11:57:25 PM  

tbhouston: [img.fark.net image 425x278]freedom


Wow! Colors!
 
2018-04-22 12:53:10 AM  
Economics isn't much of a science, it's driven primarily by ideology.

That said, the US had a golden age for the middle class after WWII with giving people money for houses and education and taxing the rich at 90% marginal. Being the last man standing of the industrial world no doubt helped, but that alone doesn't explain what happened.

As for corporations - they function to funnel wealth to the top. This shouldn't be a surprise after so long. They are a lot like fuedal domains internally, with ranked offices, their own nobility and kings. Unions were the counter to this internally while high corporate taxes and antitrust legislation was the counter externally during the middle of the 20th century. Without these, they gradually move towards what we have now.

The norm in human society, from the birth of civilization, has been hierarchy where only a select few reap the rewards.
 
2018-04-22 01:34:03 AM  

adamatari: Economics isn't much of a science, it's driven primarily by ideology.

That said, the US had a golden age for the middle class after WWII with giving people money for houses and education and taxing the rich at 90% marginal. Being the last man standing of the industrial world no doubt helped, but that alone doesn't explain what happened.

As for corporations - they function to funnel wealth to the top. This shouldn't be a surprise after so long. They are a lot like fuedal domains internally, with ranked offices, their own nobility and kings. Unions were the counter to this internally while high corporate taxes and antitrust legislation was the counter externally during the middle of the 20th century. Without these, they gradually move towards what we have now.

The norm in human society, from the birth of civilization, has been hierarchy where only a select few reap the rewards.


Yep, figured this out about 7 years ago....


The middle class in any society is the anomaly....
 
2018-04-22 01:45:19 AM  

tbhouston: [img.fark.net image 425x278]freedom


and then 5 minutes later....

img.fark.netView Full Size
 
2018-04-22 02:39:33 AM  

Thanks for the Meme-ries: adamatari: Economics isn't much of a science, it's driven primarily by ideology.

That said, the US had a golden age for the middle class after WWII with giving people money for houses and education and taxing the rich at 90% marginal. Being the last man standing of the industrial world no doubt helped, but that alone doesn't explain what happened.

As for corporations - they function to funnel wealth to the top. This shouldn't be a surprise after so long. They are a lot like fuedal domains internally, with ranked offices, their own nobility and kings. Unions were the counter to this internally while high corporate taxes and antitrust legislation was the counter externally during the middle of the 20th century. Without these, they gradually move towards what we have now.

The norm in human society, from the birth of civilization, has been hierarchy where only a select few reap the rewards.

Yep, figured this out about 7 years ago....


The middle class in any society is the anomaly....


Middle class is when the rulers need you.

They needed you for world war one and two.

They need you now to design the robots. So anyone who designs robots gets to be middle class.

/I design robots that do paperwork.
//I finally get to be middle class
 
2018-04-22 03:50:43 AM  

Nadie_AZ: I was just told I have to take a 20% pay cut. The companies that I work for and with made well over a billion last year.


I was denied a raise for the third year in a row.  Was told there just wasn't any money in the budget fornpay raises. But my company just spent 2 million on a new press, and paid to have me and another guy sent to Georgia for 3 weeks Of training on said new press.

But yeah, no money to increase pay on a piece of equipment that requires sending people to special training.  Such bullshiat.
 
2018-04-22 07:51:53 AM  

bronyaur1: I love how people who don't know dick about economics beyond MAYBE an undergrad class or two are exonomic experts on Fark.


Never have taken an economics class. I do read actual articles by and about professional economists and pretty much 99% of them agree that tax cuts rarely trickle down in any substantial way and, even then, only in very particular economic situations that don't exist in 2018.

So what was your point exactly? To appeal to authorities who agree with the author and disagree with you? It's a brave, if reckless, tactic.
 
2018-04-22 08:17:00 AM  

bronyaur1: I love how people who don't know dick about economics beyond MAYBE an undergrad class or two are exonomic experts on Fark.


Including you apparently.
 
2018-04-22 08:33:30 AM  

MikeyFuccon: Concetration of capital aside---most of that tax cut will be saved, not spent on consumption or invested in new capital, in expectation of future higher taxes on the wealthy and/or a future US government default. (Economists call this Ricardian equivalence.)

What would ensure federal tax rates stayed low---and might, in principle, encourage the job creators to create jobs---is a "default" of the American welfare state on its obligations.

Problem is, most of that is Social Security and Medicare, and even the GOP are reluctant to stiff Grandpa Redcap on his Social Security cheque, short of a default they hope will only happen when they're safely retired from public life (under, ideally, a Democratic administration).

The deal Grandpa has with the GOP is that he won't be the one who gets his face eaten by leopards, or gets forced in his golden years to be a greeter at Wally World or to move in with his son and the Nasty Woman he married who pulls faces when he repeats the latest jokes about Those People.


So you've met my dad?
 
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