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16 year high..... (Read 125 times)
raydawg
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16 year high.....
08/30/17 at 00:44:10
 
Consumer confidence is at a 16 year high, based on folks upbeat conditions in their lives, etc.
I wonder why, or maybe I just missed it, that this GOOD news isn't being reported.
Is gloom and doom selling, doesn't appear so.
I wonder how this might effect 2018 elections if this trend continues.

https://www.conference-board.org/data/consumerconfidence.cfm
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“The biggest big business in America is not steel, automobiles, or television. It is the manufacture, refinement and distribution of anxiety.”—Eric Sevareid (1964)
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Re: 16 year high.....
Reply #1 - 08/30/17 at 06:13:45
 
raydawg wrote on 08/30/17 at 00:44:10:
Consumer confidence is at a 16 year high, based on folks upbeat conditions in their lives, etc.
I wonder why, or maybe I just missed it, that this GOOD news isn't being reported.
Is gloom and doom selling, doesn't appear so.
I wonder how this might effect 2018 elections if this trend continues.

https://www.conference-board.org/data/consumerconfidence.cfm



That's good news... however, CEO confidence is down by 7 points....(wait, wasn't tweety supposed to be a great businessman??)
http://www.conference-board.org/data/ceoconfidence.cfm

If you're really wondering how 2018 will be, just look at the presidential and congressional approval ratings.... big change ahead.  (but I'm sure all these numbers aren't accurate, only when they're good for the cons, right?...)

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Re: 16 year high.....
Reply #2 - 08/31/17 at 08:44:20
 
a market correction is due.  The confidence is by people who believe the Republican Party will make tax breaks for businesses and unearned income even better - probably true.  The result will be fewer  people buying stuff as the middle class continues its shrink wrap.  Downturn in autos, appliances etc; however, Harvey may help with that.
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Re: 16 year high.....
Reply #3 - 08/31/17 at 09:27:45
 
How do you figure a tax cut won't have positive impacts on the middle class?
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Re: 16 year high.....
Reply #4 - 08/31/17 at 09:42:15
 
WebsterMark wrote on 08/31/17 at 09:27:45:
How do you figure a tax cut won't have positive impacts on the middle class?


How do you figure it will?

Most of the proposed cuts affect those making over $1 million a year, the capital gains tax and the estate tax.

Sorry, but trickle down does not work.  In the 30+ years we've been "trying it", the middle class has shrunk - with most going into the poverty level.
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Re: 16 year high.....
Reply #5 - 08/31/17 at 10:16:03
 
says the guy whose very existence relies on trickle down.....
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Re: 16 year high.....
Reply #6 - 08/31/17 at 10:37:57
 
WebsterMark wrote on 08/31/17 at 10:16:03:
says the guy whose very existence relies on trickle down.....


How so?  Do you know where I work and what I do?
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Re: 16 year high.....
Reply #7 - 08/31/17 at 11:02:25
 
Unless you own your own company, (and even if you do, this also applies) you have a job and work for a rich guy. They give you money, you spend it. They give you more money, you spend more of it.

You live in Chicago. Move down here to Texas with same income, you'll have more money in your pocket because of lower taxes. You'll spend it somewhere.

Trickle down. It always works. Always. Like gravity.
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Re: 16 year high.....
Reply #8 - 08/31/17 at 11:10:00
 
WebsterMark wrote on 08/31/17 at 11:02:25:
Unless you own your own company, (and even if you do, this also applies) you have a job and work for a rich guy. They give you money, you spend it. They give you more money, you spend more of it.

You live in Chicago. Move down here to Texas with same income, you'll have more money in your pocket because of lower taxes. You'll spend it somewhere.

Trickle down. It always works. Always. Like gravity.


LOL - um, that's not trickle down...  I EARN my money.  I get raises based on my PERFORMANCE and NOT from tax breaks.

My side business is the SAME.

Please, learn what trickle down economics really is, huh?

Definition: Trickle-down economics is a theory that says benefits for the wealthy trickle down to everyone else. These benefits are usually tax cuts on businesses, high-income earners, capital gains and dividends.


http://www.thebalance.com/trickle-down-economics-theory-effect-does-it-work-3...
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Re: 16 year high.....
Reply #9 - 08/31/17 at 11:24:37
 
That's exactly what trickle down is. I don't need to cut and paste a definition.

Fiscal policies enacted by governments which result in higher revenue for either individuals or corporations increase economic activity. It always happens, always. It may not happen to the degree your liberal mind thinks it should, but that doesn't matter. It always increases the positions of entities below.

One evidence it happens is because the opposite always happens. When government activity reduces revenues, economic activity is lessened.

Tax breaks increase your available assets.  You save or spend those. Either way, it increases economic activity on the plus side. Increases (commissions I presume) based on performance are the quintessential example of trickle down. You have increased the position of your employer and they in turn increase your position. You in turn spend that elsewhere and increase someone else's position.

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Re: 16 year high.....
Reply #10 - 08/31/17 at 11:32:03
 
WebsterMark wrote on 08/31/17 at 11:24:37:
That's exactly what trickle down is. I don't need to cut and paste a definition.

Fiscal policies enacted by governments which result in higher revenue for either individuals or corporations increase economic activity. It always happens, always. It may not happen to the degree your liberal mind thinks it should, but that doesn't matter. It always increases the positions of entities below.

One evidence it happens is because the opposite always happens. When government activity reduces revenues, economic activity is lessened.

Tax breaks increase your available assets.  You save or spend those. Either way, it increases economic activity on the plus side. Increases (commissions I presume) based on performance are the quintessential example of trickle down. You have increased the position of your employer and they in turn increase your position. You in turn spend that elsewhere and increase someone else's position.



OK... explain the 50's... oh, and the 90's.....
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Re: 16 year high.....
Reply #11 - 08/31/17 at 11:40:40
 
The economy has millions if not billions of moving parts and nothing happens in isolation.

Look, you're just trying to piece together sentences for the sake of arguing. Everyone from a business person to a kid who's allowance just got increased because his parent got a raise understands the concept of benefits flowing 'downhill'.

The only ones who argue against it do what you just did which is to throw it into a big bucket, tip it over and try to blame the mess on that one things.

So, try presenting a realistic argument against it or shut up Oh, and use your own words. You tell me why when your company gets a tax break, you don't benefit from it in some fashion or another.
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Re: 16 year high.....
Reply #12 - 08/31/17 at 11:51:19
 
WebsterMark wrote on 08/31/17 at 11:40:40:
The economy has millions if not billions of moving parts and nothing happens in isolation.

Look, you're just trying to piece together sentences for the sake of arguing. Everyone from a business person to a kid who's allowance just got increased because his parent got a raise understands the concept of benefits flowing 'downhill'.

The only ones who argue against it do what you just did which is to throw it into a big bucket, tip it over and try to blame the mess on that one things.

So, try presenting a realistic argument against it or shut up Oh, and use your own words. You tell me why when your company gets a tax break, you don't benefit from it in some fashion or another.


Tax breaks web... that's what I'm talking about... TAX BREAKS FOR THE RICH are at the core of trickle down - get it?

They are at the core of trickle down economics and they DO NOT WORK.

If it did, we should all be sitting on piles of money right now.

When you give tax breaks to the richest in the country - most of it stays at the top.  In the meantime, the middle class sees very little of it.  However, when you encourage reinvestment in business infrastructure (factory expansion, etc.) you then put more people to work and guess what happens?

Too many corporations offshore their work and too few are penalized for it.  Yes, they make more money and spread it to their shareholders, but what happens to all those displaced by the offshoring?

Do you see what I'm getting at?

Yes, there are thousands of moving pieces in the economy, but if you put your faith in trickle down economics, then you lose.

Again, look up the definition of the phrase - while you're at it, look up "supply-side economics" as well.
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Re: 16 year high.....
Reply #13 - 08/31/17 at 13:06:38
 
Tax breaks for the rich....blah blah blah... Grow f'ing up.

My company gets tax breaks, we reinvest that money in the business, so does yours, so does every company trying to succeed, if yours doesn't, go work somewhere else.

"Most of it stays at the top" is an admission that validates my point.

And the rich pay the vast, vast majority of the taxes.

Stop repeating liberal talking points and use your brain for a minute.

Now, I'm getting on a plane. Gave SWA money, the owner takes some and gives some to his employees. If SWA got a tax break tomorrow, the owners would make more money but so would their employees.

It might not trickle down in the amount you want or the amount you think they deserve so you solution is to have Uncle Sam take more of their money by force, keep some, and then give the rest to whom they feel are more deserving.

Like I always say you liberals should do, hang outside a Morton steakhouse and ask the first guy you see in a suit for 50 bucks. Cut out the middleman.
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Re: 16 year high.....
Reply #14 - 08/31/17 at 15:25:13
 
WebsterMark wrote on 08/31/17 at 13:06:38:
Tax breaks for the rich....blah blah blah... Grow f'ing up.

LOL - wow... great retort...

My company gets tax breaks, we reinvest that money in the business, so does yours, so does every company trying to succeed, if yours doesn't, go work somewhere else.

"Most of it stays at the top" is an admission that validates my point.

Huh?  How does staying at the top trickle down?  You may want to rethink your statement.

And the rich pay the vast, vast majority of the taxes.

Hmmmm... and they control a disproportionate amount of the wealth too... gee, how about that? (btw, you're sounding just like tweety... "vast, vast"... yeah, repeat words to make it sound more than it is...lol)

Stop repeating liberal talking points and use your brain for a minute.

I have - you should take your own advice.  Hey, have you seen the size of the middle class lately?  Have you seen the shrinking manufacturing sector?  Look at the income gap.... how's that trickle working again?....

Now, I'm getting on a plane. Gave SWA money, the owner takes some and gives some to his employees. If SWA got a tax break tomorrow, the owners would make more money but so would their employees.

LOL - how?

It might not trickle down in the amount you want or the amount you think they deserve so you solution is to have Uncle Sam take more of their money by force, keep some, and then give the rest to whom they feel are more deserving.

No, I'm not saying that at all.  Listen and look around, huh?  If companies were to reinvest (like they did in the period leading up to ronnie's trickle), then we'd all be better off.  Look at what happened to the deficit and debt under reagan.  By the time GHW Bush came along, he HAD to raise taxes. History's pretty clear on all this web - you should read more and try and understand it.

Like I always say you liberals should do, hang outside a Morton steakhouse and ask the first guy you see in a suit for 50 bucks. Cut out the middleman.


LOL - yeah, funny guy.  You keep that radio tuned to rush and that tv tuned to fox... I'm sure that's gonna work out well for you.  After all - it gave us an orange menace in the white house....
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