Trickle Down Economics

OK, so where do you fall on the effects of the tax cuts that came through and how will you determine if they're successful or not.  Also, you broke my rule of looking back.  hah
From what it sounds like you're saying there will be some of each because the people are getting tax cuts to bubble up and the companies are getting large tax cuts.  So, is your measure and prediction that wages will not increase and that companies will not hire new people?  As I said, I'm not trying to argue the academics of trickle down as much as I'm trying to get everyone to put their predictions on the board.  Then we can come back and look at this in the future and see how we did.

I feel like I'm trying to nail jello to the wall here.   So are you expecting an improvement overall, but primarily due to the extra money that is injected into the lower income brackets?

I am trying to think of how we can quantify the bubble up versus the trickle down effects.  I guess wage increases would be a good barometer of trickle down.

the tax cuts expire for the average taxpayer. the ones for corporations do not.  seems a bit backwards if the "trickle down 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

We've talked about this before.  Due to the fact that zero Democrats would support cutting taxes the Republicans were forced to stay within the $1.5T reconciliation process where the cuts had to project less that $1.5T deficit over 10 years.  They had to bump the corp cut from 20% to 21% and knock two years off the personal tax cuts in order to make the $1.5T work.  100% of Republicans want to make the personal tax cuts permanent, but it requires a 60 vote majority to make it happen in the Senate.  Several Republican lawmakers have offered to introduce the legislation if they can just get 7 Democrats to support it.  Guess how many Democrats really want to make it permanent?
It's kind of brilliant if you really think about it because Republicans can campaign on making the cuts permanent and Democrats will have to defend raising your taxes in 8 years.  In reality there's a 0% chance that the cuts won't be made permanent in 8 years.  There's no politician on earth from either party that will raise taxes that much on the public.  It might be easier to repeal social security.

why the f@ck would the dems support something that they were allowed to see, read, participate in, comment upon, etc. etc. etc. during the entire writing process?

Are you implying that  Democrats would be for tax cuts.......in any form or matter?  Bro, that's laughable.

I'm implying that if you're mad that the dems didn't participate, it might be a good idea to at least extend the hand and invite them to if you want to criticize them for not participating.

LB why didn't you come to my birthday party? what a jerk for not coming to my birthday party (was not invited)

Are you implying that I ever attend any birthday parties?

it doesn't matter, if I haven't invited you, how could i be mad for you not attending.  If i do invite you, then maybe i have a leg to stand on.

Who's mad?  The Dems?  They don't do B-day parties and, in fact, try to wreck them when they see one, so they can shut up. 

tony was criticizing the dems for not participating in the cuts

You need to get off the far left websites.  The Democrats were asked multiple times to participate and they refused.  There's in infamous picture of two empty chairs at the table next to Trump where Nancy and Chuck refused to even attend the meetings about the cuts.

The Republican tax plan from the house was out for several weeks and so was the one from the Senate.  The combined plan was out for more than a week.  It wasn't even that long and I was able to skim through most of it in lest than an hour.
To try and echo the fake excuse of not being allowed to read it or participate in the process is seriously laughable.

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 guess to use your analogy it would be the equivalent of the Republicans inviting the Democrats to the birthday party on multiple occasions and then when they didn't show up they'd scream that they weren't invited.

What's funny is these bills come through committees and the committees have Democrats and Republicans on the committees and they all get to read them there at the very beginning.  They also have the ability to insert amendments and have them voted on up or down.  The simple fact is there wasn't a single attempt to have any input or changes added to the bill.  Not even a token amendment that was expected to be voted down.  They simply went into full ostrich mode and refused to engage in any way shape or form.  The congress isn't a matter of being invited to participate, everyone who is elected is there and participating.  It's up to them individually to choose how to participate. 

The Democratic leadership made a tactical decision to completely separate themselves from the tax law.  They instructed every member to stay away and vote no on the legislation no matter what.  They feel they can campaign on the issue and win back more power as a result.  It's likely not going to work out the way they wanted it to so they're now forced to try and convince people that they weren't "allowed" to participate.

One thing I do give credit to the Democratic leadership is their ability to whip people into the party line.  Right or wrong, there's no room for free thinkers in the Democratic party.  You vote the way Nancy and Chuck tell you or you'll have hell to pay.  Unfortunately for the Republicans they have a few free spirits that don't step in line and cause trouble every now and again (McCain, Rand Paul, etc)