Other Resources The Political Joe » Trickle Down Economics Rss Feed  
Moderators: k9car363, alicefoeller Reply
 
 
of 3
 
 
2018-01-10 12:06 PM
in reply to: Oysterboy

User image

Pro
9391
500020002000100100100252525
Omaha, NE
Subject: RE: Trickle Down Economics

Originally posted by Oysterboy You guys should remember that a hefty part of the Obama stimulus bill (ARRA) was tax incentives and breaks https://en.wikipedia.org/wiki/American_Recovery_and_Reinvestment_Act...

I definitely agree with you that there are Democrats who support tax cuts

I perused through the wiki and it seems that the overall goal of that plan was to stimulate the economy through government spending rather than trickle down or bubble up.  There were some small individual cuts and a few minor corp ones, but it seemed to be a smaller part of the bill overall.
I did chuckle when reading the paragraph about economists basically having no idea if it helped or not.  hah
Kind of the whole point of my thread here wondering how we truly can tell one way or another if these things work.  I feel that cuts as drastic as the one just passed should be easier to see the effects versus a minor cut here or there.



2018-01-10 12:12 PM
in reply to: Left Brain

User image

Champion
10154
500050001002525
Alabama
Subject: RE: Trickle Down Economics
Originally posted by Left Brain

They NEVER participate in tax cuts.....so who cares?  You could invite them to every b-day party while you grow up, but they're not coming.  Once you get older you just don't invite them anymore.  I don't see the problem.  Last week Wall Street put $20,500 more into my retirement account.  Why would I give a crap what the Dems want?




I only made $10k last week but I'm still 50% on the sideline. How to retire this year and while I am 90% confident...world events could crash the world economy....like if a nuke goes off somewhere....I could lose 50% of what I have in the market and still have 75% of my retirement and I can live with that....just not quite as high on the hawg.
2018-01-10 12:20 PM
in reply to: Rogillio

User image

Pro
15655
5000500050005001002525
Subject: RE: Trickle Down Economics

I don't think anything short of all out nuclear war can divert the market for the next year or so.  I'm betting '18 is a record year.......no fear bro.

2018-01-10 12:27 PM
in reply to: Left Brain

User image

Pro
9391
500020002000100100100252525
Omaha, NE
Subject: RE: Trickle Down Economics

Originally posted by Left Brain

I don't think anything short of all out nuclear war can divert the market for the next year or so.  I'm betting '18 is a record year.......no fear bro.

I concur

2018-01-10 12:29 PM
in reply to: Left Brain

User image

Champion
10154
500050001002525
Alabama
Subject: RE: Trickle Down Economics
Originally posted by Left Brain

I don't think anything short of all out nuclear war can divert the market for the next year or so.  I'm betting '18 is a record year.......no fear bro.




So my thinking about a crash....which, by definition, are unpredictable is that I asked the question, "Would I rather risk looking $100k overnight or miss out on making $25k over the next year?

Don't forget the brilliant call we made last year......

2018-01-10 12:32 PM
in reply to: Rogillio

User image

Pro
15655
5000500050005001002525
Subject: RE: Trickle Down Economics

At this point, a 20% run will be one hell of a lot more than 20 grand.  I could be fishing and smoking weed this time next year.



2018-01-10 2:10 PM
in reply to: tuwood

User image

Expert
2373
20001001001002525
Floriduh
Subject: RE: Trickle Down Economics
Originally posted by tuwood

Originally posted by Oysterboy You guys should remember that a hefty part of the Obama stimulus bill (ARRA) was tax incentives and breaks https://en.wikipedia.org/wiki/American_Recovery_and_Reinvestment_Act...

I definitely agree with you that there are Democrats who support tax cuts

I perused through the wiki and it seems that the overall goal of that plan was to stimulate the economy through government spending rather than trickle down or bubble up.  There were some small individual cuts and a few minor corp ones, but it seemed to be a smaller part of the bill overall.
I did chuckle when reading the paragraph about economists basically having no idea if it helped or not.  hah
Kind of the whole point of my thread here wondering how we truly can tell one way or another if these things work.  I feel that cuts as drastic as the one just passed should be easier to see the effects versus a minor cut here or there.



ARRA was pure Keynesian economic policy: Pump money into the economy to stimulate demand. How much did it work, no one knows. A lot like how much did Russian meddling in the 2016 election tilt the scales. Of course, Rick Perry said Keynesian economics was dead... right before he went on Dancing with the Stars.
2018-01-10 4:14 PM
in reply to: Oysterboy

User image

Pro
9391
500020002000100100100252525
Omaha, NE
Subject: RE: Trickle Down Economics

Originally posted by Oysterboy
Originally posted by tuwood

Originally posted by Oysterboy You guys should remember that a hefty part of the Obama stimulus bill (ARRA) was tax incentives and breaks https://en.wikipedia.org/wiki/American_Recovery_and_Reinvestment_Act...

I definitely agree with you that there are Democrats who support tax cuts

I perused through the wiki and it seems that the overall goal of that plan was to stimulate the economy through government spending rather than trickle down or bubble up.  There were some small individual cuts and a few minor corp ones, but it seemed to be a smaller part of the bill overall.
I did chuckle when reading the paragraph about economists basically having no idea if it helped or not.  hah
Kind of the whole point of my thread here wondering how we truly can tell one way or another if these things work.  I feel that cuts as drastic as the one just passed should be easier to see the effects versus a minor cut here or there.

ARRA was pure Keynesian economic policy: Pump money into the economy to stimulate demand. How much did it work, no one knows. A lot like how much did Russian meddling in the 2016 election tilt the scales. Of course, Rick Perry said Keynesian economics was dead... right before he went on Dancing with the Stars.

I'm not a fan of Keynesian economics.  Live within you're freaking means government!  If the economy sucks then tough decisions have to be made.  If it's great then responsibility has to be used with not blowing it all.   I know, I know, this is a dream and will never happen.  hah

2018-01-10 4:36 PM
in reply to: Left Brain

User image

Expert
2373
20001001001002525
Floriduh
Subject: RE: Trickle Down Economics
Originally posted by Left Brain

At this point, a 20% run will be one hell of a lot more than 20 grand.  I could be fishing and smoking weed this time next year.



Next year? That's my weekend dude...
2018-01-10 4:39 PM
in reply to: Left Brain

User image

Veteran
1019
1000
St. Louis
Subject: RE: Trickle Down Economics

Originally posted by Left Brain

At this point, a 20% run will be one hell of a lot more than 20 grand.  I could be fishing and smoking weed this time next year.

Image result for jeff sessions

2018-01-10 4:50 PM
in reply to: #5234555

User image

Expert
2373
20001001001002525
Floriduh
Subject: RE: Trickle Down Economics
Buzz kill there Bob


2018-01-10 4:59 PM
in reply to: Oysterboy

User image

Veteran
1019
1000
St. Louis
Subject: RE: Trickle Down Economics

Originally posted by Oysterboy Buzz kill there Bob

Don't blame me. I'm not coming for anybody's weed. Smoke em if you got em, doesn't affect my life at all.

2018-01-10 6:14 PM
in reply to: Bob Loblaw

User image

Pro
15655
5000500050005001002525
Subject: RE: Trickle Down Economics
Bob, that was awesome. I spit my Gatorade out laughing.
2018-01-11 8:27 AM
in reply to: 0

User image

Champion
10154
500050001002525
Alabama
Subject: RE: Trickle Down Economics
Originally posted by tuwood

Originally posted by Rogillio
Originally posted by Rogillio My thought on this is that money has no value until you spend it. If I find extra money in my pocket I am not going to put the money in a mayonnaise jar and bury it. I am going to spend it. Maybe I will buy a newer Corvette or maybe take cruise or spend a few days at the Mouse House in Florida. The reason most people live 'hand to mouth' or paycheck to paycheck is because they are living on the hairy edge of their means. It's just human nature. We get a raise at work and pay off some debt......we decide we can afford a bigger house or we can afford a new car. When people spend money the demand on good and services increases. Jobs are created. Soon companies are having to compete to get employees and will offer higher wages and better benefits. I think the term 'trickle down' was generated to make it sound like only a small portion (or trickle) of the wealth will flow down. I think 100% of it flows down. Again, money has no value until you spend it and you can't take it with you. When you spend it, you put the money back into the economy. If you put the money in the bank, someone else will borrow it and spend it.
I failed the assignment too. I think trickle down will be proven when the average minimum wage increases. Wells Fargo has vomuntarily increased their minimum wage to $15/hr. Others will follow suit when it gets harder and harder to find good employees at the federal or state minimum wage. BTW the tax package is not all about trickle down. The average tax payer will see more take home pay. Trickle down effect is gravy.

I'm not sure that minimum wage is really an indicator of anything.  For workers 16 and over in the US under 2% of them earn the actual minimum wage and of that 2% there's a large percentage that's between the ages of 16 to 20. 

We can already see that income is increasing so I'm curious to watch how it continues to go.  Honestly it's kind of economics 101 to recognize that salaries are going to be going up substantially with increased demand from employers and increased scarcity of qualified employees.  In my field we're already starting to see more scarcity of qualified engineers so I'll be paying more and more for new employees as well as to retaining my existing ones.  It's kind of funny to me that so many people look at things on islands.  Whelp, tony gets more money back on taxes so he just buys back shares and all other things remain the same.  It just doesn't happen that way and there's a million moving parts where I have to adjust and adapt to keep up in the market.  I can take all extra money and spend it, but then my competitors will blow my doors off.

BTW, my one new sales guy finally accepted today and hopefully the next one will be wrapped up next week.  lets go, daddy needs a new jet!!!  ;-) #ThanksTrump







"NEW YORK (Reuters) - Walmart Stores Inc said on Thursday it would raise entry-level wages for hourly employees to $11 an hour as it benefits from the biggest overhaul of the U.S. tax code in 30 years."





Edited by Rogillio 2018-01-11 8:29 AM




(Vinny.gif)



Attachments
----------------
Vinny.gif (202KB - 5 downloads)
2018-01-12 4:04 PM
in reply to: Rogillio

User image

Pro
15655
5000500050005001002525
Subject: RE: Trickle Down Economics

The market is on FIRE!! 

More chithole comments PLEASE!!!!!!!

2018-01-12 6:32 PM
in reply to: Rogillio

User image

Pro
9391
500020002000100100100252525
Omaha, NE
Subject: RE: Trickle Down Economics

I've really been amused by facebook melting down about people getting raises.  Liberals really hate the bonuses and pay raises.



2018-01-12 11:21 PM
in reply to: 0

User image

Pro
15655
5000500050005001002525
Subject: RE: Trickle Down Economics

I don't even want to post what I've made since the 1st of the year.....it's stupid money for a simple guy who just saved a few bucks over the years. 

Suffice to say that I've been at the same job for 31 years,  and I've made more in 10 days then I did my first year on the job. 

What a chithole.



Edited by Left Brain 2018-01-12 11:25 PM
2018-01-17 5:11 PM
in reply to: Left Brain

User image

Pro
15655
5000500050005001002525
Subject: RE: Trickle Down Economics
Looks like about a $12,000 day today thanks to Apple's plans to bring billions back from overseas banks due to have cuts.......I hate President Trump.
2018-01-17 6:51 PM
in reply to: Left Brain

User image

Pro
9391
500020002000100100100252525
Omaha, NE
Subject: RE: Trickle Down Economics

Originally posted by Left Brain Looks like about a $12,000 day today thanks to Apple's plans to bring billions back from overseas banks due to have cuts.......I hate President Trump.

Worst President ever!!!

2018-01-18 7:02 AM
in reply to: tuwood

User image

Champion
10154
500050001002525
Alabama
Subject: RE: Trickle Down Economics
Originally posted by tuwood

Originally posted by Left Brain Looks like about a $12,000 day today thanks to Apple's plans to bring billions back from overseas banks due to have cuts.......I hate President Trump.

Worst President ever!!!




True believers ought to send that extra money back!! Or send it to me, call me at BR-549.

I track my 401k by decades and 'celebrate' when my balance reaches a new decade, that is, multiples of 10. I have crossed into 2 new decades since the first of the year....and I'm only half in the market.
2018-01-18 12:28 PM
in reply to: Rogillio

User image

Expert
4598
20002000500252525
Middle River, Maryland
Silver member
Subject: RE: Trickle Down Economics

Originally posted by Rogillio
Originally posted by tuwood

Originally posted by Left Brain Looks like about a $12,000 day today thanks to Apple's plans to bring billions back from overseas banks due to have cuts.......I hate President Trump.

Worst President ever!!!

True believers ought to send that extra money back!! Or send it to me, call me at BR-549. I track my 401k by decades and 'celebrate' when my balance reaches a new decade, that is, multiples of 10. I have crossed into 2 new decades since the first of the year....and I'm only half in the market.

Our retirement savings (earnings plus contributions) went up over 40% last year.  Crazy.



2018-01-18 1:03 PM
in reply to: jmhpsu93

User image

Pro
15655
5000500050005001002525
Subject: RE: Trickle Down Economics

I have a hard time understanding how anybody could have missed the stock market run the past 7-8 years.  The Feds, under Obama, basically TOLD us that they would keep the market moving forward.  Now, under Trump, with the easing of regulations and taxes, it's almost impossible to imagine a scenario where the market doesn't just keep booming.  One thing the market drivers know for sure, there is opportunity under Trump to make A LOT of money.....and it may not come around again for awhile.....they aren't going to miss it.

If you don't have money in the stock market, in some form, I'd like to know why.  If I only have an extra 20.00 in my checking account at the end of the month I throw it in there. 

2018-01-18 1:27 PM
in reply to: Left Brain

User image

Champion
10154
500050001002525
Alabama
Subject: RE: Trickle Down Economics
Originally posted by Left Brain

I have a hard time understanding how anybody could have missed the stock market run the past 7-8 years.  The Feds, under Obama, basically TOLD us that they would keep the market moving forward.  Now, under Trump, with the easing of regulations and taxes, it's almost impossible to imagine a scenario where the market doesn't just keep booming.  One thing the market drivers know for sure, there is opportunity under Trump to make A LOT of money.....and it may not come around again for awhile.....they aren't going to miss it.

If you don't have money in the stock market, in some form, I'd like to know why.  If I only have an extra 20.00 in my checking account at the end of the month I throw it in there. 




I still have half my saving in a mayonnaise jar buried behind the barn....so to speak. I am hopeful the economy stays strong and I continue to make money.....but I also have money in the hole in the event of a crash or big correction....that can be trigged by any number of things.....another 9/11.....a nuke going off somewhere in the world....including the US or US territory. Point being, no one can predict market crashes!

I am happy for you that your are so optimistic but I am not quite so Pollyannaish. I've made my fortune and save enough to be able to retire at 55 in less than a year. At some point you just take your money off the table and say enough if enough. If I were even 5 years younger I'd still be all in!


2018-01-18 1:29 PM
in reply to: Left Brain

User image

Pro
9391
500020002000100100100252525
Omaha, NE
Subject: RE: Trickle Down Economics

Originally posted by Left Brain

I have a hard time understanding how anybody could have missed the stock market run the past 7-8 years.  The Feds, under Obama, basically TOLD us that they would keep the market moving forward.  Now, under Trump, with the easing of regulations and taxes, it's almost impossible to imagine a scenario where the market doesn't just keep booming.  One thing the market drivers know for sure, there is opportunity under Trump to make A LOT of money.....and it may not come around again for awhile.....they aren't going to miss it.

If you don't have money in the stock market, in some form, I'd like to know why.  If I only have an extra 20.00 in my checking account at the end of the month I throw it in there. 

I still have zero in the market 

I invest exclusively in my own company at this point and my returns are much better than the market.  If I have $100k to invest I can just hire another sales person and turn that $100k into $500k or more within a couple years.
I figure that within the next year or two I will diversify out from just my business and purchase some real-estate and put some money in the casino (er market)

2018-01-18 1:44 PM
in reply to: tuwood

User image

Pro
15655
5000500050005001002525
Subject: RE: Trickle Down Economics

Originally posted by tuwood

Originally posted by Left Brain

I have a hard time understanding how anybody could have missed the stock market run the past 7-8 years.  The Feds, under Obama, basically TOLD us that they would keep the market moving forward.  Now, under Trump, with the easing of regulations and taxes, it's almost impossible to imagine a scenario where the market doesn't just keep booming.  One thing the market drivers know for sure, there is opportunity under Trump to make A LOT of money.....and it may not come around again for awhile.....they aren't going to miss it.

If you don't have money in the stock market, in some form, I'd like to know why.  If I only have an extra 20.00 in my checking account at the end of the month I throw it in there. 

I still have zero in the market 

I invest exclusively in my own company at this point and my returns are much better than the market.  If I have $100k to invest I can just hire another sales person and turn that $100k into $500k or more within a couple years.
I figure that within the next year or two I will diversify out from just my business and purchase some real-estate and put some money in the casino (er market)

OK,  that's a different deal.  But for working people, there has never been a better time in history to make a pile of money than in the last 7-8 years.....and it was virtually guaranteed and spelled out for you......they TOLD you they would keep the market propped up.  They TOLD you piles of cash would be coming back into the market when corporate tax breaks came.  If you are sitting on the outside looking in then you just haven't paid attention or didn't care

New Thread
Other Resources The Political Joe » Trickle Down Economics Rss Feed  
 
 
of 3