Comments by "whyamimrpink78" (@whyamimrpink78) on "GOP Tax Cuts Lead To No Wage Growth Or Investment | Non-Partisan Study" video.

@thewalkingoriginal3478 , really? Care to give examples.
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@JJaureguii20 , saying that wages have been stagnate for 40 years is flawed for two reasons 1. That is not a reflection of Trump or the current state of the economy 2. There is data and arguments that suggest that wage stagnation is a myth Also, how is stressed and anger? People who are far leftists who hate Trump or people in swing states?
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@JJaureguii20 , that is a problem with polls is that they are vague questions on complex issues being asked to people who are not experts on them. Even with that another flaw is that you really don't know the reasoning for their answer. I agree, being poor plays a role, but being poor, to a degree, is relative. You say the "real unemployment rate" which is still low compared to the past. https://fred.stlouisfed.org/series/U6RATE A surprise drop in the labor force? Worker participation is going up https://fred.stlouisfed.org/series/CIVPART
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Doubt it. Trickle down is not even an economic theory.
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6 bankruptcies out of all of his success. Mariano Rivera blew game 7 of the 2001 WS, is he a bad pitcher because of that?
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"Trickle down economics" is not even an economic term. It is a talking point used by politicians or economic illiterates.
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@grmpEqweer Saying 60% of wealthy people inherited it is flawed. It shows how little you, and the left understands wealth. Wealth is not income, it involves assets. You say 10% control 77% of the wealth. There are reasons why. 1. Someone with no assets nor debt and only $10 to their name has more wealth than 25% of the nation. Why? Because many people have negative wealth due to loans such as college or home loans. That is because we are rich enough as a nation to allow for people to go into debt to buy big things to better themselves. 2. The average home owner has 60% of their wealth tied into their home. 3. The average home owner has 30 times more wealth than a renter 4. Beyond owning a home the average person has little to now wealth because they have no desire to be the major share holder of a company 5. Those 10% have their wealth tied into shares of their company. Them being the major shareholder makes those shares valuable to begin with. The fact is that the left has a very shallow understanding of this issue when it comes to wealth. Look beyond the talking points.
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@Dr.MikeGranato , "trickle down' is not even an economic theory. It is a talking point.
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@jeffsullivan1926 , why shouldn't people be worth billions? Do you even know what wealth is?
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@jeffsullivan1926 , it isn't money, it is wealth that is not liquidated. That is the issue. Bezos earns $80,000 a year, that's it. His wealth is in the shares of his company. If Bezos were to liquidated his shares it will become a huge red flag to investors causing the value of the shares to drop.
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@jeffsullivan1926 , I can see why you support Bernie. You are an economic illiterate.
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@thewalkingoriginal3478 , really?
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@peanutawesome1 , "trickle down economics" is a talking point used by the left.
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@peanutawesome1 , they never work? Really? There is plenty of evidence it does.
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@peanutawesome1 , saying 9 of the 10 poorest states are "deep red" is very deceptive. To start, if you factor in cost of living it is more or less a 50/50 split between "red" states and "blue" states for having the highest poverty rates. Also, I put them in quotes because it is, at times, difficult to define if a state is "red" or "blue". For example, many saying Louisiana is a "red" state, but 2/3 of the governors in that state's history were democrat. They have a long history of being, to a degree, "blue". Really it comes down to culture. There are areas of "deep red" that are very successful. Utah is a "red state" that has had a lot of success. There are areas of "deep blue" that are successful as well. MA is that way. This is why local government is desirable as opposed to centralized government. Even in areas that are considered to be poor their culture does not see it that way. Point being, your argument is shallow. Come up with better ones.
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Dave Ponsford , how did Reagan push it? Under Reagan we had a strong economy because he was willing to work with a democrat congress. And look at wages? A lot of data suggests that wages have been going up. What's your point? And what wage inequality?
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@peanutawesome1 , number 1 in anything? One can argue against that. Overall, I don't like comparing ourselves to other nations as there are way too many factors. We have 320+ million people, how can you compare us to Iceland where we have cities larger than that tiny island? And what extreme poverty? Before the "war on poverty" the poverty rate was dropping. And even at that poverty is, to a degree, subjective. When a poor person owns a smart phone that says something. For having 320+ million people I see it as a strong sign that we are as stable and successful as we are.
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@manishak5617 , FDR was not president in the 50s. Also, no one paid that top tax rate. That is why the Tax Reform Act of 1969 was passed. A lot adds to the debt, mainly spending. Fact is the economy is doing much better under Trump.
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Dave Ponsford , saying heads earn X times compared to workers is a very poor argument. You have to consider how many they employ and how much the company they manage generates. Also, just because someone became rich does not mean others became poor. And there is plenty of data to suggest wages have not been stagnated. CEOs are paid on salary, not wages. Obama increased the national debt more than other presidents combined. Facts don't sit well with you.
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@matrixman8582 , true. What is funny is that for the past 60 years the federal government raised taxes on the rich, increase spending on social programs, and cut defense spending. We are doing exactly what the far left wants. But they then say we have problems and blame capitalism.
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@peanutawesome1 , Japan is a nation with a culture of people who literally work themselves to death. That is where their success is derived. Germany has 80 million people, I still; consider that to be small. People on poverty in the US have a lot of great things. That is my point. I rather be in poverty no than be well off in the 30s. Life expectancy is declining due to the opioid crisis.
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@peanutawesome1 , what makes you think southern states need progressive policy? You have to understand that is their culture. Good luck changing a culture. Take education for example. NV is constantly ranked low in education, as an outsider, may say progressive policy is needed to improve. However, the reality is that the culture there does not prioritize education high. When you can make $80,000 a year parking cars in a casino, or six figures working in the mines, or be well off working construction, where is the incentive to become educated? So not many do. MA has typically ranked high in education. That state is home of MIT, Harvard, Boston College, etc. Their culture is well educated and thus prioritize it. The problem with you, and many on the far left, is that you are on the outside looking and and refuse to try to look at someone's life or situation through their eyes. You sit there are cry "that area is not doing well so I must change it" but refuse to consider that maybe in that person's eyes, or that society's eyes, they are fine. You are acting like an elitist at that point. This is a problem with the far left. They have no desire to actually try to engage in actual conversation with other people and try to understand their situation. You just want to force your way of life on others. And when I give you a counter argument you say I become all "snowflakey". All I am doing is giving you a rebuttals to those stats you gave. The situation is far more complex than what you realize. This is why I oppose top down centralize government. It is a fascist viewpoint in my opinion. You are acting like a fascist at this point.
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@manishak5617 , who controls the purse? Congress. Who ran congress during the Reagan years? Democrats. Also, interest rates were high due to Volcker running the Fed.
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Dave Ponsford , many flaws in your argument. There is plenty of data to suggest that wages have not been stagnate. I have a couple of sources saved on my computer at work I will link you later when I go back to work, but I will give you this https://www.youtube.com/watch?v=s6FmhXQ32Wo&t=160s I bet you did not know there is more than one way to measure inflation. Next, tying the min. wage to overall productivity is flawed. Overall productivity went up due to technology and skilled workers developing more skills. Look up "Skilled Biased Technological Change Also, you have this https://www.bls.gov/news.release/prin2.t02.htm Look at the food service industry. Unit labor cost is positive. That means the price of labor is outpacing productivity. There is so much to this conversation beyond your talking points.
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@peanutawesome1 , what human rights violation? You have to give me clear examples of them and show to me they are a major issue. Also, you say conservatives avoid conversations? Really? Why is it that Vox wants to silence Crowder? Why don't I see Kyle at college campuses? Why does Ana go on "I am better than you" rant? The left pushes to smear the right to silence them. Look at how Soph was treated recently. You saying that I haven't given you a counter argument is not an argument. I have. I told you that the south has a different culture. I gave you an example of education and two states in how two different states have different culture and thus their education numbers differ. That does not make one state better than another. That is their culture. You need to give me clear examples of human rights violations and show to me that people in the south are concerned about them. If they are than let them handle it. Don't force it on people who don't want it. I need examples. Without examples you have nothing. I gave you one with education and two states, now it is your turn.
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@peanutawesome1 , people in poverty have nothing? One can argue against that. Obesity is high for those in poverty. The opioid crisis can arguably be blamed on the federal government, same with homelessness as mental illness causes most of that. Look up the Community Mental Health Act and how that made mental health in the US worse. That is your centralized, "progress" government at work.
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@peanutawesome1 , who said the south had problems? Again, you are an outsider looking in. If you do live in the south than rally to change how it is ran or move to a different area of the nation.
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@peanutawesome1 , then fine, fix the problem. The far left are one of three things 1. Ignorant 2. Fascist 3. Lazy To explain 1. They are simply ignorant of the law, the data, the issues, the Constitution, the history, etc. and blindly follow what feels right 2. They are fascist in that they want to enforce their way on others 3. Or they are lazy in which, not to be rude, is you. They refuse to put forth effort to change their area and local community and expect others to do it. They look towards the federal government for help. Again, push to improve your community. Become involved. I am.
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@peanutawesome1 , a lot are in malnutrition because of poor lifestyle choices. Instead of buying soda they should drink water. Republicans push to limit the federal government and push for more state rights. Besides that, our country has becoming farther and farther left. As Ann Coulter said, people elect Republicans to remove the Federal Department of Ed. and we get NCLB.
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Dave Ponsford Here https://www.dartmouth.edu/~bsacerdo/Sacerdote%2050%20Years%20of%20Growth%20in%20American%20Wages%20Income%20and%20Consumption%20May%202017.pdf https://www.nber.org/feldstein/WAGESandPRODUCTIVITY.meetings2008.pdf
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@manishak5617 , cut spending or grow the economy. What is higher, 50% of 100 or 10% of 1000?
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, so it doesn't effect you than you shouldn't care? That is a poor argument and is a part of the mentality of the far left. They want rich people to pay more and they want others to work, but not themselves.
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It isn't an economic theory. It is a talking point used by the left.
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How much was the decline in percent? You have to consider that.
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A recession will happen if Bernie wins because businesses will stop investing out of fear of being attacked by his administration.
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The economy is improving under Trump.
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@JJaureguii20 Many factors influence suicide. Drug usage is one. Another can arguably be due to the Community Mental Health Act passed in the 60s where that act ended up making our mental health worse. Does income play a role? Sure. But so do other factors. Suicide rates have been rising for nearly 30 years. So the current trend is nothing new. It is same with the decline in life expectancy. The opioid crisis arguably plays a role in that as well.
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@JJaureguii20 , good question. I suggest taking the federal government out of many issues such as mental health and giving the responsibilities to the states. Develop stronger community.
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Stever's Narrow-band Imaging Channel , the economy is doing well. Kyle is not well informed when it comes to economics and it is showing more and more.
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But yet wages are going up.
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Sp3nd Coin http://www.aei.org/publication/wages-rising-the-trump-economy-is-now-working-best-for-lower-wage-workers/ https://www.cnbc.com/2018/01/31/pay-gains-under-trumps-best-since-the-great-recession.html
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@mrs.witchyperfect9846 , when I get to my work computer later I will give you sources that counter what you gave me. There is plenty of data to suggest that wages have not been stagnate. Your article says "inflation", what method of inflation? You do know there is more than one method? And even at that there are shortcomings in inflation measures. But I bet you didn't know that. You see, you look towards Google where I look towards actual experts. Here is one to start, i will give you other sources later. https://www.youtube.com/watch?v=s6FmhXQ32Wo&t=160s
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Sp3nd Coin https://www.forbes.com/sites/chuckdevore/2019/05/03/263000-new-jobs-added-in-april-more-than-expected-wages-up-3-2-from-a-year-ago/#7637930053a4 Up 3.2%, but one might say "inflation". Ok https://fred.stlouisfed.org/series/BPCCRO1Q156NBEA PCE inflation is around 1.6% https://www.usinflationcalculator.com/inflation/current-inflation-rates/ CPI is around 2%
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@mrs.witchyperfect9846 , one, what is wrong with being a janitor? Do you look down on them? Next, here https://www.nber.org/feldstein/WAGESandPRODUCTIVITY.meetings2008.pdf https://www.dartmouth.edu/~bsacerdo/Sacerdote%2050%20Years%20of%20Growth%20in%20American%20Wages%20Income%20and%20Consumption%20May%202017.pdf Citing blogs where I cite experts shows the difference. Bruce Sacerdote is an economist at Dartmouth, Martin Feldstein is an economist at Harvard, Don Boudreaux is an economist at George Mason. As for books no one reads, it seems like people have.
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