@thoughtsandprayerscorp: #politicalsatire #trump #maga #taxtherich #eattherich

tired dad energy :

The guy with $100 has convinced the guy with $1 that the guy with 1¢ is the problem.

Sort of Arbitrary :

Ironically, trickle down economics DID work once upon a time. You know who killed it? Reagan when he signed the bill allowing stock buybacks. See, before then, we had a high tax on super high incomes. However, the rich didn't usually pay that high tax rate. Instead, what they did, was sink more of their wealth back into their companies to avoid paying those high income taxes, as the corporate tax rate was much lower. That investment created your parent's pensions, great health insurance plans and benefits, higher wages, etc. Then, stock buybacks became legal. And in just a few decades the vast majority of wealth the rich hoarded was made via these buybacks. See, stocks are one of the many ways executives get compensated, and buybacks allow them to increase the value of these stocks by lowering the number owned by others. It does pretty much nothing for the health of the company or its employees. It just increases their net worth. But it's not liquid value and it is not taxed if it is not drawn on. So by signing this bill, Reagan created a tax haven in the stock market where the rich can just stuff their company profits rather than reinvest in their company and its workers. The name of the game is now squeeze every drop of juice out of your company you can without tanking it to buyback stocks.

kl0rti :

stop reading my mind

Chris :

the rich create job which also creates wealth..

user815157004122 :

Millionaires, like the ones in Congress, hold 60 to 67% of the nation’s wealth. So why do you just hate billionaires?

brandonshonestreviews :

The only economics that have ever trickled down is the bill

blahblahblahblah9405 :

Burntpotato :

No generational wealth. When you are done the state takes all. Companies pay taxes = to people all about %'s.

Entertain Me :

Sue :

Snooz :

OK, you have our attention.

Raymond Senior :

#voteyourwage #America ❤️🤍💙

5seat :

You made my day

XyrusTartarus :

DjoeGeorgeS :

lmao

Mary K. Carlson :

I laughed

Dead Kel :

taxation is a moderate position...

The Original Oddball :

RachAgainstTheMachine :

pompous popsicle :

why should billionaire spend their money on others if they dont want to, i dont want a hand out i want equality

hisonebeauty :

Honeybadgerpatriot2.0 :

Then those billionaires close their businesses, take their money elsewhere and you become unemployed and starve!

theteacher00010 :

This law is passed!!!!

JohnnyDoughBoy :

But we once DID have a functioning trickle down economy. Back when the corporate tax rate was 75% to 95%, in order to NOT pay their taxes, the corporations were forced to spend that money before declaring it profit. They invested in their businesses, their employees, and their community in ways absolutely unheard of today! Now? Now they "invest" in stock buybacks, overseas tax havens, and offshore hidden accounts instead.