Scientists Examined 50 Years Of Tax Cuts For The Rich - Their Shocking Conclusion
Vložit
- čas přidán 21. 04. 2024
- New research examines the history of Republican tax cuts and the results will chill you to the bone. Who wins vs. who loses. the working class or the billionaires...
MORE FROM THOM
📃 Thom's Hartmann's 'Daily Take' Newsletter: HartmannReport.com
🎦 Watch a full program re-run anytime: / thomhartmann
🎧 Audio Podcast: thom.tv
FOLLOW THOM
📕 AMAZON: amzn.to/2hS4UwY
📝 DAILY TAKE: hartmannreport.com
👥 FACEBOOK: / thomhartmannprogram
📸 INSTAGRAM: / thom_hartmann
🎦 PATREON: / thomhartmann
🐦 TWITTER/X: / thom_hartmann
🌐 WEBSITE: www.thomhartmann.com
📺 CZcams: czcams.com/users/subscription_...
👕 Merchandise: teespring.com/stores/thom-har...
🍺 Thom Merchandise: teespring.com/thom-hartmann-m...
ABOUT THE PROGRAM
The Thom Hartmann Program is the leading progressive political talk radio show for political news and comments about Government politics, be it Liberal or Conservative, plus special guests and callers.
#MoreFromThom #TaxTheRich
✔ Amazon links are affiliate links
As a sparrow I would rather eat my oats clean than covered in horse shit. Just sayin'.
Great point
Lol I’m with you
Preach!
😢your aware trump needs a clean up guy, help with new depends and washup.. your available he's hiring low income but he'll give you a bonner
@@jeanshankey7951 Foreign troll. You're not aware of how the English language works. 88% chance you are a Russian hate blogger.
Groundbreaking study: if you give the rich all the money, they keep it
And STILL not be satisfied!
You only give the rich money if they provide you with something you want.
@@garyandsandrahamlin872 Or need. People need food, warmth and shelter to survive, and they have to get those things from somewhere.
@@jamesgravil9162 so you’re mad at the only people on earth who are providing you with those things? And they’re not all billionaires either. The guy who built your house is not a billionaire. The farmer who grew your food is not a billionaire, even shareholders at Kroger aren’t billionaires. Just because you need something, doesn’t mean you have the right to just take it.
Quit spending-quit taxes.
In an asset economy, full of monopolies, it is entirely fair to tax the super wealthy. Trickle down economics is just DISINFO.
We need to tax the rich in order to make certain they won't pay people more.
@@user-zu5do6ri6rgo read this accounts past comments. Total fascist 🫵🏻🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣
@@user-zu5do6ri6r The most illogical comment today. The rich are richer today than any time in history and the STILL are being HORRIBLE to all their workers. Please work on "getting a grip."
DAMNED Right...!!! 🙂👍 -70SomethingGuy
Neither Reagan nor anyone in his administration ever used the term "Trickle Down" during his administration. If you believed it was a conservative idea and not a liberal lie told over and over again because liberals can't defeat JFK's theory that lower taxes help working people, balance the budget, and allow the country to spend enough on defence, then count yourself amongst the most easily brainwashed people on the planet.
Americas slow descent began with Reagan. Change my mind.
Not so slow any more.
Nixon.
Nixon
Said "Trickle Down" was canard the first time he made it into a speech. . . Canard is a LIE!
@@davecordes6121Neither Reagan nor anyone in his administration ever used the term "Trickle Down" during his administration. If you believed it was a conservative idea and not a liberal lie told over and over again because liberals can't defeat JFK's theory that lower taxes help working people, balance the budget, and allow the country to spend enough on defence, then count yourself amongst the most easily brainwashed people on the planet.
and sending our jobs overseas to help the rich out even more
Sending those union jobs over seas was also an effort to turn Ohio, Wisconsin. Michigan and Pennsylvania from Blue to RED.
They move overseas to get away from big government regulations and higher taxes.
That was you boy bill clinton
Started before “Wild Bill,” as stated in the video - stated as “sixties and seventies” overseas, i.e. Neoliberalism’s start….
And every few years the GOP facilitates offshore manufacturers in repatriating Trillions in Offshore Profits back to the US at pennies on the dollar in taxes. A tax rate as low as 5% under Trump and Bush.
If the Average Joe only knew. To be fair though, the Union MAGA Cult would still vote for Trump.
NOTE: I'm pretty sure about the 5% Tax Rate stat that both Trump and Bush gifted the rich.
FDR said if you don't tax the rich at a high rate they will buy the political system, and that is what happened after the 1981 tax cuts. The new bought government made wage suppression and union busting the game.
When the U.S. Was its greatest late 1950s, the tax rate for the wealthiest was 91%
We had a great education system then,
We had a national health care system based in each county.
We had low income housing.
The idea being that if people work, they deserve decent housing and health and of course an educated population drove the post WWII economy with innovation and technology advances.
Thank you!🎯👍
Let's be honest. It was better for white people.
In the aftermath of WW2 we also benefited by most of our competitors in manufacturing being crippled by the destruction of their manufacturing infrastructure. Took years to recover.
And what was the tax rate for the bottom 50% of the population?
@@Steve13lb12oz it is easy to look up just type in: 1958 u.s. income tax schedule and add .gov
It's also pretty clear that tax cuts for businesses don't create a trickle down either. As long as CEO's are compensated on stock value and cash flow, the extra money stays in the business, stock buy backs, stock options, etc.
Of course not because it doesn't make companies more profitable, it just means the capitalists take the money the government was taking. The wages of the workers aren't changed but they do receive less welfare.
Proven perfectly by Trump's business tax cuts, and the resulting impacts on jobs and workers.
Ive been trickled on since reagan. I was a young man when reagan came in. It got harder every year since.
Reagan lambasted Carter for running up huge $40 billion deficits then got into office and had $200-250 billion deficits all 8 years. Reagan is the father of running up the national debt.
And ditto Thatcher, in the UK.
isn't that the truth!! How is it "we" re still stuck in this sh!t?
@@eduardocontreras6557 Wealthy people and their corporations control all 3 branches of government and all 6 of the major media.
@eduardocontreras6557 lol people keep voting for those mystical republican tax cuts.
Business has become the worlds religion.
Greed is the world's religion. Agendas and policies for the common good have been kicked to the curb.
Before "trickle down" money was flowing down, they figured out how to turn it into a trickle.
Neither Reagan nor anyone in his administration ever used the term "Trickle Down" during his administration. If you believed it was a conservative idea and not a liberal lie told over and over again because liberals can't defeat JFK's theory that lower taxes help working people, balance the budget, and allow the country to spend enough on defence, then count yourself amongst the most easily brainwashed people on the planet.
So, we went from eating poop to being trickled on.
No we still eating shit but now we adding trampled on as well,no tax break
They didn't believe in trickle down either. They just wanted to help their rich buddies. You'd be shocked how many poor people don't believe we should tax the rich
Nobody should have to pay a tax on income.
@@user-zu5do6ri6r why are you named like a Russian bot
@@user-zu5do6ri6r why are you named like a bot
@@user-zu5do6ri6rdepends what type of income. If it comes from your own work - no tax, if my income comes from your work, then tax is appropriate. Right now we have the opposite.
Neither Reagan nor anyone in his administration ever used the term "Trickle Down" during his administration. If you believed it was a conservative idea and not a liberal lie told over and over again because liberals can't defeat JFK's theory that lower taxes help working people, balance the budget, and allow the country to spend enough on defence, then count yourself amongst the most easily brainwashed people on the planet.
One executives 10 million dollar annual bonus could give 1000 employees a $10,000 annual pay raise without any justification for any inflation.
Vodoo economics.
Or 1000 people a 10,000 bonus. Billionaires could give 10000 people a 10,000 bonus. And what sucks, if you did it without letting them know, they'd never know.
That's not how inflation works.
@jmichaelramirez2510 OK sure...without any justification for a price increase on their particular product.
Is that better?
and you point??
Billionaires and the GOP must love the pooping and peeing on everyone else analogy.
An antiquated talking point. Do a little research into what political party billionaires frequent. Google is your friend.
Absolutely! Imagine that is exactly their conversation over vintage French wines on their luxury yachts, laughing all the way to Switzerland or wherever they hide the $$$$.
@@seanm3226It's VERY timely. Haven't you heard whatever is old is new again. Inequality has never been worse than now.
@@seanm3226Jeff Bezos and Elon Musk are the richest ppl in the world.
Both are fascist republicans. (I know that’s a redundant phrase, but you should too)
@@seanm3226it’s republicans, and people who pretend not to be republicans.
As a 68 year old American, who worked hard my whole life since the age of 14, retired at 67 - I am now convinced that we got snookered by the Uber Rich all along.
Looking back, I can correlate the widening gap between those with the bucks and those who lost their jobs. The more jobs we out sourced, by way of treaties, most favored nation status, etc, the less well off were the middle class - but our taxes always went up. Add to that, the false security of easy consumer credit that has all but destroyed any semblance of the self-discipline I learned when I was young.
In any case, it's now too late to go back. Entites like the WEF, where all the "nobles" know eachother, are so well entrenched into policies that they have all but closed the gates to reform without mass blood letting.
Something is coming, and it's going to be very big.
There's a lot of similarity between Reagan and Harding. Both were picked, not for any actual skill, but because they looked presidential. And both caused massive economic damage.
"Ronald Reagan, the ACTOR?"
- Dr. Emmett Brown
@@adamchristopher6917 To be fair, Reagan gained leadership skills as president of SAG and eight years as governor of California.
@@frequentlycynical642 James Garner was vice president of the union at the time, and he said Reagan didn't do shit.
@@ernststravoblofeld Could be, but that doesn't mean he didn't gain experience, but he had to learn on the way to that presidency. And, of course, that's one man's opinion.
@@frequentlycynical642 All he did was do what his donors told him to. He learned that as GE spokesman. He never demonstrated any special skill beyond that.
Trickle Down effect= Destroy Democracy replace with Fascism.
Exactly! 🎯👍
Opposite of trickle down- Socialism. Works great. Pretty much the pain we are feeling now.
Give a poor person $5 and they'll put it all straight back into the economy giving someone a job. Give a rich person $5 and they'll put it in the bank.
Better yet, don't spend the $5 at Walmart. That way $3 of won't go to China and $1.50 to the Waltons.
Yeah, because we all know businesses are all conceived, financed, and operated by poor people.
Slight correction: You mean the swiss bank. Or whatever overseas tax haven.
@@seanm3226Gee Sean, you sound a little bitter😂
The money goes into the bank where it's lent out. $5 in the bank generates around $50 of economic activity.
Reagannomics is more religion than anything else and it's nearly impossible to change the minds of the truly devoted
Because conservatives know way more about how the world works than you do.
Laissez-faire government and Laissez-faire economics are counterintuitive ideas. Laffer Curve, peace through strength, and building a strong state on strong individuals given individual liberty and expecting individual responsibility, are counterintuitive ideas. Conservative ideas are counterintuitive.
Liberalism is not an ideology. Liberalism is an inability to use reason and logic to understand how the counterintuitive nature of the universe works, so a person falls back on their emotions to reach a conclusion.
That is why there are no successful liberal political talk radio shows. Liberals need moving pictures or hand puppets to trigger their emotions.
There was a huge global study where they asked thousands of people hundreds of questions and grouped them by their answers. People that ranked high in conscientiousness also favored conservative policies. People that ranked low in conscientiousness also favored liberal policies.
Meaning liberals have no intention of doing what is right or making sacrifices for the good of society.
Liberals are twice as likely as conservatives to report having mental problems in some groups and report higher mental problems across the board. This mental instability and inability to still their mind long enough to understand how conservative policies help poor and working class people is the cause of their problem.
If you look up the traits of narcissists, you will see they are exactly the same as liberal politicians and activists, because they are both driven in total by their hatred and emotions.
The most often repeated finding in psychology is that a left leaning bias is a symptom of mental instability. Repeated across decades and in studies all around the world.
"Undoubtedly the two most consistently found relationships are the positive effect of conscientiousness on right-wing voting and the positive effect of openness to experience on left-wing voting. Conscientious individuals are theorised to be more conservative because they take greater heed of social norms, valuing order and accomplishments that are socially proscribed. Open-minded individuals are more accepting of unconventional social behavior and unorthodox economic policies that are generally associated with the left.
"There has been reasonably consistent evidence that a third trait, emotional instability, increases one’s chance of left-wing views.
How to Understand the Well-Being Gap between Liberals and Conservatives
by Musa al-Gharbi Chan, E. Y. (2019). Political orientation and physical health: The role of personal responsibility. Personality and Individual Differences, 141, 117-122.
Fatke, M. (2017). Personality Traits and Political Ideology: A First Global Assessment. Political Psychology, 38(5), 881-899.
Fatke, M. (2017). Personality Traits and Political Ideology: A First Global Assessment. Political Psychology, 38(5), 881-899.
Conclusion: The well-being gap between liberals and conservatives is one of the most robust patterns in social science research. It is not a product of things that happened over the last decade or so; it goes back as far as the available data reach. The differences manifest across age, gender, race, religion, and other dimensions. They are not merely present in the United States, but in most other studied countries as well.
Some strains of liberal ideology likely exacerbate (and even incentivize) anxiety, depression, and other forms of unhealthy thinking. The increased power and prevalence of these ideological frameworks post-2011 may have contributed to the dramatic and asymmetrical rise in mental distress among liberals over the past decade.
People who are unwell may be especially attracted to liberal politics over conservatism for a variety of reasons, and this may exacerbate observed ideological gaps net of other factors
This article is an American Affairs online exclusive, published March 21, 2023.
How to Understand the Well-Being Gap between Liberals and Conservatives
by Musa al-Gharbi Chan, E. Y. (2019). Political orientation and physical health: The role of personal responsibility. Personality and Individual Differences, 141, 117-122.
@@practicaliching2311Trickle down assumes that rich people aren't evil and won't use their money to build monopolies and buy back stocks in their companies.
@@GenerationX1984 Neither Reagan nor anyone in his administration ever used the term "Trickle Down" during his administration. If you believed it was a conservative idea and not a liberal lie told over and over again because liberals can't defeat JFK's theory that lower taxes help working people, balance the budget, and allow the country to spend enough on defence, then count yourself amongst the most easily brainwashed people on the planet.
How about “bubble-up” economics instead?
Good economies make people rich, rich people don’t make economies good
Marie Antoinette at least suggested people eat cake.
The Kellogg’s CEO said something similar.
The “cake” was actually a meringue, which required little grain, which is what they needed for the bread.
Actually Marie Antoinette never said that, but close enough.
@@boltstrike2787 I never knew her personally.
"Cake" is the leftover burned dough at the bottom of the oven. Trash, waste, charcoal.
Inhumane. Cruel. Sadistic aka Self-serving profiteers. NotBest
A bottomless cup will never reach the point of overflowing. Instead, will only gain a desire to be filled while forgetting it is impossible.
Trickle down has never worked the way it's sold; it's amazing that we fall for this lie.
Who is "we"? I've NEVER voted for any Rethuglicon.
In fairness, Bush called it voodoo economics. 😏
@@stephenriggs8177 But then happily continued to implement those policies w/ Reagan as his VP, and also when he won the White House.
@@stuartholme4457 Yep. People were buying it, so he fell in line.
The only 2 things that trickled down were the sound of laughter as they peed down our leg and called it blessings raining down on us, laughing all the way to the bank. History shows that big taxes on the rich provide a much better life for more of the people. Trickle-down has resulted in poverty, homelessness, insecurity, and a shorter life for 90+% of our populace.
Even Blind Freddy could see that “trickle down” is nothing more than a horses arse. Cheers Y’All.
🙂👍👍 -70SomethingGuy
Neither Reagan nor anyone in his administration ever used the term "Trickle Down" during his administration. If you believed it was a conservative idea and not a liberal lie told over and over again because liberals can't defeat JFK's theory that lower taxes help working people, balance the budget, and allow the country to spend enough on defence, then count yourself amongst the most easily brainwashed people on the planet.
Harding’s analogy is probably more honest in its description of horse s.
I used to give Reagan the benefit of the doubt thinking that he was doing an experiment. Then I learned about the Harding tax cuts and realized that we had tried this experiment before. Harding and Coolidge gave us the Great Depression. Reagan and W gave us the Great Recession.
I think the government needs to get involved in the housing market. The government needs do something to get private builders to build affordable housing or do it itself. Only do it right this time.
As long as we all have to work with fascists aka: Rethuglicons, there won't be much change.
Rethuglicons always manage to provide for themselves & greedy uber rich while screwing everybody else.
We need more strong majorities of progressives to make any change in our government for The People, instead of the greedy.
Do you know the old joke, " Why was Nancy always on top? Because Ronny could only f@#$ up.
We were lambasting "trickle down" in college economics back in '88. It's absolutely obvious that it simply *cannot* work outside the vacuum of an academic paper because it fails to account for greed. Not taking greed into account is like not counting the water if you're calculating the volume of the ocean.
When the GDP grows on average around 3% and the wealthiest grow at 10-15% it’s not hard to see how that group is disproportionally benefiting from the economy while at the same time contributing the least to its continued existence. After decades of this is it really any wonder our government can’t meet its basic obligations? When you compare government spending as a percent of gdp on social programs in the United States compared to our western peers the problem isn’t overspending it’s undertaxing on the wealthy.
The baffling allure
Of conservative manure
It may look like chocolate
But don't be so sure
May I offer the proper spelling: CONservative.
States give businesses 10years of no state property tax in a supposed bid to provide more (low paying) jobs. The trade off is more stress on roads, more stress on police services, more stress on hospitals and no taxes to cover the extra cost. Oh, but there is - homeowners. THEIR property taxes go UP.
I wanna see a 14% tax across the board for everyone. No tax brackets. No loop holes. That includes all religious organizations.
Everyone wants to be the horse.
Let the rich keep more of their money and we'll all benefit. 🤣😂🤣😂 What a bunch of B.S.!
horse and sparrow works with a laxative like higher taxes for the rich.
Like we should appreciate getting that trickle of wine over the rim while the 1% gets the whole glass? That is the lousiest argument I have ever heard. And anyway, dont the rich actually get a break on their taxes compared to the tax rate of the rest of us? At minimum the rich should be paying the same tax rate on the same percentage of their earnings as the rest of us.
Now can the scientists study the working and middle class sycophantic enablers that make this possible?
Church indoctrination into authoritarianism
So let's be blunt. The Harding Theory is the rich should get rich as hell so the rest of us can eat their s***.
But the only thing that's happened with tax cuts for the rich, is we've gained a massive amount of debt
🎯 × 1 million.
Trickle down is a polite way of saying poor people can eat poop.
American capitalism is the greatest economic system on Earth for things you don't have to have like chandeliers or Pop-Tarts. For things essential to living a good life like a home a decent job or monthly income it might be the worst
Harding was also a business man, like Dumpster.
I think when you typed ‘con artist’ it got autocorrected to ‘business man.’
Teapot Dome Scandal.
I don't think you can start rich and go bankrupt... (was it four times?)... and still call yourself a businessman.
This has been known by smart people all along. Look at Hamiltonian economics as an example of a slightly different anti-Neoliberal track. But Harvard Economics has economists employed who, to quote Upton Sinclair, have "salaries that depend on them not understanding".
I was in college and taking Intro into Econ when the Reagan trickle-down thing started. We asked our prof his opinion and he flat-out said to us: it's a lie, it'll never do what all the policy wonks claim!
Odd how the rich people always “feed” the rich first hmmm.
'Trickle-down' was never a legitimate economic theory; it was a groupthink justification for ongoing economic exploitation.
50 years of lies the greedy and selfish trickle down nothing.
"Milton Friedman’s misfortune is that his economic policies have been tried.
Mr. David Stockman has said that supply-side economics was merely a cover for the trickle-down approach to economic policy - what an older and less elegant generation called the horse-and-sparrow theory: If you feed the horse enough oats, some will pass through to the road for the sparrows."
John Kenneth Galbraith
Neither Reagan nor anyone in his administration ever used the term "Trickle Down" during his administration. If you believed it was a conservative idea and not a liberal lie told over and over again because liberals can't defeat JFK's theory that lower taxes help working people, balance the budget, and allow the country to spend enough on defence, then count yourself amongst the most easily brainwashed people on the planet.
People buy into the idea of “Rich by association”. Makes absolutely no sense, but looking around these days, nothing does regarding Trump supporters.
"They will trickle that money down, or poop that money out, or whatever"
The latter metaphor is SO much more apt.
A few years ago when I was in undergrad and taking in economics class, the teacher was going into Supply Side Economics theory (Trickle Down). There was this formula we had to learn and used to plot a curve that theoretically showed that if you give tax cuts to the rich, they pump it back into the economy.
The teacher finished and asked if anyone had any questions.
"Yes, I was wondering if there's any proof that this works? Because every bit of my common sense says it shouldn't."
My teacher has this huge smile come across his face.
"Actually, there's more proof that this doesn't work, but since the theoretical math is sound, they make me teach you this anyway."
Awe, what a cute libtard moment you two had.....did you kiss too???
Peace,love,joy and happiness to you and yours, while we still can!❤❤❤❤
Trickle down economics is the greatest deception of my lifetime.
We've been saying, "People are waking up to it" for decades. Americans, in general, don't wake up to much. As long as the TV works and the toilet flushes, they don't don't pay much attention to anything. Especially if it's in their best interests.
Now they just say that costs trickle down and that anything investors might not like will mean less for the working class, as though it isn't all just some corporate game of hoarding profits and gouging consumers.
Tax The church too ,if they want to stick their noses into government than they should pay taxes
"If the horse dies in the street, the oats cease to pass through to the sparrows." The problem with this philosophy is that the sparrows feed the horse, so what happens if the sparrows die¿
Oh Man, I LOVE the horse POOP sparrow FOOD analogy! I’m going to bring that up every time someone talks about tax cuts for the wealthy.
We love the truth from you Tom
Feed the sparrows!
Get rid of taxes-quit spending.
I think I'm safe in saying that all Americans are sick and tired of being trickled on.
Tax the HELL out of the rich. Christ on the rich: "Woe to you who are rich, for you already have your reward".....and "It is easier for a camel to travel through the eye of a needle than for a rich man to enter the Kingdom of God". If we tax the rich and the corporations at the level they SHOULD be taxed, just maybe we can have Universal Healthcare and a whole host of other programs that would benefit "the least of these" (Matthew 25:32-46).
food shelter clothing - Maslow's Hierarchy
I eat 2 meals a day...i need clothes.... Me, Karra and Donna Douglas and Heather O'Rourke are gunna build a small, Eco friendly house to escape poverty.
The US saw its greatest period of economic growth, and social mobility, the greatest increase in standard of living, and lowest income inequality when the top marginal tax rate was 93%. Under Eisenhower. That tax rate built the Interstate highway system. It took us to the moon. Ever since Reagan and trickle down voodoo idiocy, inflation adjusted wages have stagnated and income inequality soared, and now home ownership is no longer the American dream but out of reach for most of the working class.
The term "trickle down" is not a term used by Reagan. It is a disparaging term coined by a former Reaganite after he left the fold.
How Much American's Tax Money Funds War ? . / The Take . '
The decline started in 1913 with the formation of the FED and IRS.
The FED was supposed to prevent economic depression, but it is the root cause of depression and every recession.
Yeah because there was never a depression before that 😂
The only "fair" tax is a flat percentage that EVERYONE pays.
And shrink the Gov't back to a manageable size
Amen brother......
To simplify: tax cuts create recessions.
The only reason I can imagine why anyone would think, that the government as the houser of last resort, would be a bad thing, is because of the Reagan Doctrine, which blamed government for every problem. But how do I know that wasn't part of a ploy alongside Thomas W Beasley to peddle corporate prisons as the floor the destitute would fall down on?
The more wine the rich drink, the more they have to urinate down to the rest of us.
I've tried for over 10 years to get housing help: St. Vincent de Paul told me twice in the last decade I'm too poor for housing help (they use USDA $.) A local homeless woman who was beaten and raped by my neighbor cannot get housing help but the man who raped her has no problems with our community managers in spite of being a serial rapist. She said local housing authorities could help her if she had child.
Don’t trickle down my back and tell me it’s raining
A flat tax with no deductions is the only fair way, besides doing away with taxes.
So move to a different country, because I’d rather the entire country collapse than ever lower your taxes
Wait, inequality is bad for society?! Who knew?!
"Trickle down economics" was coined by Reagan's detractors, not his supporters.
Trickle down means they are peeing on us and telling us it’s raining money. It’s not, it’s just plain old pee.
The middle class didn't wake up to it we have always known it!! VIVA LA REVOLUTION!!
The seems to me like a way to say that wealthy philanthropy is horseshit
Jordan peterson said, when asked why people vote against their own interest.. and he said they don't vote for what they are, they vote for what they want to be..
Instead of letting the wine glass spill over when it's full, the rich buy a bigger wine glass.
No one ever paid the top tax rate, Congress passed loopholes in general and specifically.
This is not an either/or question. It is about calibrating the rates correctly.
Had to unfollow Thom after Trump's election skewed his coverage, but I'm so delighted to see him again!
He's an absolute legend, and he's lived a rich and varied life. I love listening to him reflect and think deeply. He's really in his element in this clip.
It makes sense to tax the rich!
So basically if you give the rich everything, they will give you back shit.
...if THAT!
Correction: that was the FIRST Republican Great Depression.
So they were literally telling the poor, "You can have the shit leftover"
If I owned a business, and taxes are more in the U.S. than in other countries, I’d hire people in a country with lower taxes. And that’s exactly what happened over the last 30 years.
And after everything in the world has been wasted, their money will be useless. Oh that I could see their future expressions when they understand.
People are waking up to it !
People were saying at the time in the 80's that tax cuts for the rich wouldn't be a good idea.
But the people incharge of our society are the rich.
It's not waking up it's more a case of as the majority get poorer as a result of these policies they are speaking up and soon maybe revolting against this ridiculous economic system.
We aren't sparrows, and they aren't horses. They want us to eat peanuts out of their shit.
"The money was all appropriated
for the top in the hopes that it
would trickle down to he needy.
Mr. Hoover didn't Know that money
Trickled up. Give it to the people at
the bottom and the people at the
top will have it before night, anyhow.
But it will at least have passed through
the poor fellow's hands."
• Will Rogers.
Nothing will change until we the people demand it!
I prefer the analogy that is at least honest enough to state how we have to deal with a bunch of sh** lol
So basically he proposed that us average people eat the sh*t of the rich and we totally lapped it up (twice). Sometimes you can’t help thinking we deserve everything we get… 😳😐🤦♀️
If you want to feed the sparrows, tax the rich, buy oats for the money and put it in a birdfeeder.
All us sparrows knew trickle down was horse shit. We didn't need a 50 year study to prove that.
Was that sparrow - horses thing real? It’s literally “if you ensure wealthy people keep all their wealth (that the workers build up for them) then don’t worry about, everybody else can eat shit and that’ll be OK”.