Comments by "NathansHVAC" (@NathansHVAC) on "David Pakman Show" channel.

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  30. It is called supply side economics. The left labeled it trickle down. It is not supposed to stimulate the economy, it is only supposed to increase revenues to the treasury. And, it did for the last 5 times it was tried. Even JFK did "trickle down" in 1963 when he took top end taxes from 90% to 70%. But, wait. Before you call JFK evil, think about it for just one minute. Suppose you are a supplier yourself. (hence the word supply side). Not an employee who has no control over his income. Now, suppose you have the ability to hire lawyers and take advantage of tax shelters. You are the supply, so you make the company do whatever your little heart desires. Now, you have 2 choices: 1) Give 90% of the money to the IRS. 2) Or, give 50% of the money to lawyers and keep the other 50%. Hmmm. Does that make you a greedy bastard? You didn't create the tax shelters. Maybe the money was made in China or Europe. The fact that it was never made here is a tax shelter in itself. OK. Now, here is what happens in reality when that tax rate goes from 90% to 35%. You fire the lawyer and keep his 50%, than you give the 35% to the IRS. So, in reality, supply side convinced the supplier that paying 35% to the IRS is cheaper than paying 50% to the lawyer. The net gain is the IRS getting 35% instead of zero. It is not hard to under stand. The lefties have just been lying about supply side for 100 years. This was done in the 1920, twice in the 80s and once in the 2000s. And, $$$ to the IRS went up every time. But, this only works on the upper tax bracket who control the companies. You will find this time $$$ goes up too. But it will be buried on the back page somewhere at the end of the year. There are mathematics that explain the reality of this economic principle. Here is the video. https://www.youtube.com/watch?v=FqLjyA0hL1s&t=7s
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