Comments by "whyamimrpink78" (@whyamimrpink78) on "Republicans Pass Disastrous Tax Cuts" video.

  1. The rich got the largest tax cut because they pay the most in taxes. You can't cut zero which is why most on the bottom pay. Also, Cenk has some Alex Jones level of conspiracy here. So when politicians pass something they disagree with they blame it on donors? Ever thought that maybe they are doing it to actually help the people?
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  2. To TYT it is all about the rich and donors. It is a conspiracy theory at this point. Are there donors? Sure. But to them any time a politician does something they disagree with it comes down to donors. They do not think that maybe, just maybe they are passing this bill to grow the economy.
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  3. " It is middle class spending that is the engine of the economy, " You can't consume what you don't produce. Even if the middle class has money if there is nothing to buy prices will go up. "The least wealthy 40% of our country’s citizens account for less than 0.5% of the country’s wealth," A guy with no assets and only $10 in their pocket has more wealth than 25% of the nation. Why? Because many have negative wealth due to loans as in college loans and home loans. The average home owner has 30 times more wealth than a renter. The average home owner has around 60% of their wealth tied into their home. Beyond owning a home the average person has little wealth. Does that mean their life is bad? No. It just means they are not running and thus own a major company.
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  4. They are wealthy because they know how to manage money. They have more money to manage and will create more wealth. That will mean more wealth to go around meaning lower prices and better goods and services.
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  5. "except they then send that money off to tax havens" Because of our high taxes. By lowering it they bring it back. "Trickle-down" Is not an economic term. It is a term used only by politicians and economic illiterates. Now which one are you? "What's the primary goal of a corporation? Ever bigger profits for the shareholders at ANY cost. " Yes, and that is done in numerous ways. One is increasing production and selling more goods at a lower price. When prices are cheaper and better that is similar to a wage increase to everyone.
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  6. Most rich people did not inherit their wealth.
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  7. " That means more services, higher prices" More services means higher supply meaning lower prices. Also, more services means more demand for labor thus workers earn more.
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  8. Randy H, it isn't that simple. Wealth inequality is not bad. We have massive wealth inequality in the US due to our strength. We allow people to go into debt, and thus have negative wealth, to move ahead in life For example, I have negative wealth due to college loans. I am fine where I am 2 years away from getting my doctorate and earning a lot. Others buy homes off of loans. To point at wealth inequality and call it a problem is missing a lot in the overall picture and really showing a high level of economic illiteracy.
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  9. That's four groups of people. So please, go on. Did Jeff Bezos inherited his money? Or Mark Zuckerberg? Or Mark Cuban? Or Dan Snyder? So please, go on.
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  10. Don, why do they pay no taxes? Because of the loopholes. To take advantage of them you need to do paperwork and hire accountants which is a waste of resources. With this new corporate rate we are around other developed nations and companies do not have to waste resources on using a complex tax code. You are actually saving money.
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