Megolas1
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On #InternationalMensDay I’m sharing a tweet from one of my favorite men.
And also, call your senators. This tax bill is a giveaway to the rich.
Though, I am looking forward to writing off the expenses on my new G650
Plane zero-tax.
Front Page Edit:
I’d like to thank the people of usersub for making this moment possible. These folks work long and hard for our poop-time enjoyment!
Cheers to you USERSUB! I kneel to you.
dajustifier
This yax system will turn the US into a 3rd world nation... A Theocratic Fascist one at that. That is not being hyperbolic either.
Janglz
If that tax plan passes; you'll be able to finally point out who actually owns the country I suppose... :-/
r1980thomas11
POTUS DOESN'T WRITE LAW! IT'S THE HOUSE AND SENATE. morons.
drsatan1978
Claim the $250, and claim the rest as charitable donation. You can also claim the sales tax on just about everything you buy during the year
Sharksi
As a visiting PhD student in the US, I really don't get why people aren't rioting. Young people here are being fucked over big time!
gorillaClutch
why don't we put a school IN a private jet!!!!
IjustChangedMyNameToProveAPoint
Turbulence, probably
jadespider
Megolas1
Lots of us itemize. Personally, I’m fine cuz mama gots her jet and all.
theleafssuck
Why do you keep voting for these people??
sowasvonsowas
Forbes is not a leftist magazine. Get their opinion on this tax fraud! 1/2
sowasvonsowas
https://www.forbes.com/sites/stancollender/2017/11/19/gop-tax-bill-is-the-end-of-all-economic-sanity-in-washington/#2cbabeec77ef 2/2
OwlFarm
Step 1: Make paper airplane. Step 2: Write off standard deduction for private jet. Step 3: Shit in a bag, light on fire, throw at Paul Ryan.
Megolas1
This is brilliant.
Jocktopus
That is absolutely ridiculous, no way Trump is getting a second term. Well, there is a way actually, if nobody reports on this.
Megolas1
Yes. He absolutely could get a second term right now. Electoral college baby! *sigh*
spamshampoo
Thank God and Country for the Electoral College!
Jocktopus
Candidates still need to be pretty popular to win the electoral college, they can't just win 60-40 or something like that.
mestifo
Any teacher making less than 80k and itemizing deductions may be hurting themselves. Standard deduction folks. It's doubling.
Vhyson
I think that was somehow their intention to make it simpler to file, by making itemizing pointless. Seems a backwards way to go about it tho
ForgotMyOtherAcct
Afaik, the plane thing isn't actually a write off for jet ownership. It's a clarification of who is required to pay fuel tax ($0.20/gal) on
ForgotMyOtherAcct
Private jet travel in cases where the jet is being rented. The clarification is that the renter is required to pay it, not the owner.
boobcat
Next up for Congress after Tax cuts for the rich; Slashing Welfare programs to pay for Tax Cuts for the rich...not even joking....MAGA
Kluehouse
Oh only the rich get a tax cut OH WAIT they don't everyone does but them republicans all evil rich people muttering "hurt the poor" all day
Derfalke
'Morons Are Governing America'?
SoftcoreFavorites
fucking American peasants.., G650? Not even the ER version! Dude, just go for Global Express 6000 and/or the Brazilian meme machine: Embraer
BabyYodasChickenTendies
No joke I love the globals over the g650. Personal experience being lucky because of a client. The globals are the top jet these days.
BabyYodasChickenTendies
Each seat on a global has an iPod Touch that can control lights, shades, and more. It’s crazy
SoftcoreFavorites
The Global 6000 is a masterpiece. Can't wait to see what they do with the 7000/8000 and/or the next generation of Learjet.
Megolas1
Now I hate my new jet thanks to you.
ShitpostsAndLotsOfThem
eclect0
Is that really an accurate summary, or is it the only two things that anyone actually knows about it?
MeridaIsMySpiritAnimal
Grad students scholarships/graduate assistantships will be counted as income & taxed in it. Some of my classmates may have to drop out if...
MeridaIsMySpiritAnimal
This passes cus they can't afford the additional expense. We're all already broke & trying to make it through school. This bill makes...
MeridaIsMySpiritAnimal
higher education even less obtainable unless you come from an affluent family. It's screwing over so many people just cus they're not rich
sh3nhu
We're having trouble getting facts because it's a big bill and it's getting rushed through congress. 1/2
sh3nhu
https://www.facebook.com/NowThisPolitics/videos/1788197117878437/?hc_ref=ARSN2eRYSbi534MfCLmk_rQRMOUj8QMGRDDWFsnh2F7zC_lyEBCMfK7NO20N2oCgx5o
akducks2
The standard deduction also doubled. So most school teachers will get a bigger tax cut. Not saying I like the Bill just pointing that out
indebtedlawyer
This also depends on how many kids/dependents they have.
StephenDaniels
Yeah but it expires. the tax cuts for the rich don't.
neil137
i'm beginning to think republicans are the bad guys
Tigerphobia
I used to be republican. Now I just dislike both parties.
AlkeneThiol
This is why when people say both parties are bad, it infuriates me. The Dems motivation is to benefit everyone. GOP to benefit the few.
ParagonFurytheLawgiver
We've been saying this for fucking years; Republicans have basically been outright comicbook villains for years, only barely kept in check.
ParagonFurytheLawgiver
But when they lost to Obama not once but twice they fucking LOST it and now we've got this mess.
Irradiatedchipmunk
1)Okay, as a Republican there are some serious disagreements I have with the Democratic party. HOWEVER, the Republican party now seems to be
Irradiatedchipmunk
2) trying to outdo them in things I disagree with. Seriously considering switching parties. I'd go independent, buuuuut still feels like
Irradiatedchipmunk
3) wasting my vote
boopitybapity
Vote for whoever has the people at heart. Or whoever has the fewest shitty ideas.
TheDiaryOfKimJongUn
Join us libertarians and live in an an endless existential crisis while repeating taxation is theft.
Irradiatedchipmunk
You sound like my wife, lol
AurikNecal
Just support repubs that are ousting the rhino's. Like Moore. The establishment is against him because he supports trump.
quenchcrack17
Forget talking to your Congressman. Go talk to Trump supporters. We gotta get this clown out of the Whitehouse.
LoisLane11
Wow! I talked to my congressman and he said 'Yeah sure! That's how it works! Trump will be out on Tuesday!' :) :) :) :) :)
TheTravelingAirman
Congress can pass it regardless who's in the chair, so long as they're a Republican. So DO talk to Congress. Do both!
MyPalmsSpaghettiKneesWeakArmsSpaghettiTheresVomitOnMySpaghetti
If they still openly and proudly support him, they're pretty much past the point of intellectual/moral/ideological redemption at this point
Jusmar
He's not the one writing the legislation, he has an agenda of what he wants to accomplish, but I'm betting he didn't dictate these terms.
Boobs4Wade
Talk? To Trump supporters. I think I'd have a more interesting conversation with a toddler.
angrybeards
Interesting? You'd have a more cogent conversation with a toddler.
quenchcrack17
No argument there, I was trying to be polite.
The701
And some are far-gone down the rabbit hole, living down there to stay away from gay frogs and roaming death panels. I think a lot of people
The701
who voted for Trump did so about as willingly as if they had to vote for the man by tapping his prostate. Talk to them instead. @Boobs4Wade
The701
Dismissing each other as pure adversaries is what helps keep this new status quo. Those causing the problem promote divide-and-conquer,
The701
and get to cause damage with impunity while everyone else fights among themselves.
DangerTrain
Trying to talk sense to the senseless? Those people will rationalize anything to stick with what they decided.
BigJB
Field trips are gonna be dope now.
Annmoon
The House tax plan would count my tuition remission as taxable income. Wtf
The701
But what's wrong with you? Why haven't you just become rich yet?
The701
/s....
ReaperCDN
Yeah. Fucking slacker. Why weren't you born into nobility if you wanted to get an education?
The701
Exactly. Other people did it, so why not you?
Annmoon
I'M SUCH A SLACKER, ahaha
The701
(And sure, some aren't born into it. They're instead lucky enough to be in a place that allows some the ability to become wealthy, though
The701
upward mobility itself has become stunted as well.)
kenkennethfromconnecticut
yes but there is more to it that may possibly result in a higher income year round. cherry picking is not a good way to determine pros/cons
Annmoon
You are correct, cherry picking is not a good way to determine pros/cons. Since we have only a limited number of characters, I did not 1
Annmoon
like going into all the specifics. Yes the standard deduction goes up, but other deductions such as student loan interest, medical, 2
Annmoon
as well as state and local taxes are among some that will/might impact me. So the standard deduction increase might help; it just depends 3
Annmoon
on how everything turns out for me. Alright?
Skywatcher16
implying this bill has pros for anyone making less than 6 figures income.
kenkennethfromconnecticut
removing the $0-$10,000 tax bracket is a pro for anyone.
Annmoon
From what I understand, the tax bill increases the tax rate by 2% for most of the current 10% tax bracket
Annmoon
See Forbes "From Mortgage Caps To Tax Brackets, How The House Tax Bill Could Impact Your Taxes"
azazyel
Also it's going to raise taxes in Blue states more than Red states.
yourmomscheese
Well after last years election, there aren't many blue states left. Shocked about my home state of MI
sundaymondayhippyday
Rifneno
Wow. Who would've thought a tax plan under POTUS Orange Lantern would suck off the rich? I'm fucking SHOCKED!
suicideclintonbullets
This was Sherrod Brown's idea.
GuanYuThatsWho
For those that don't comics orange lantern represent avarice/greed
RonnieKielbasa
Cheeto in charge
zackofspades
I’m sticking to my Orange Fucko term but that’s a damn good one, my fine e-stranger.
Wednait
If it helps, go read who added the amendment to the bill.
killernerd
the full abreviation would be POTUSOL and that's amazing because it sounds like some kind of fucked up drug.
Khaotix11
Your actually funny quip aside, it's congress that's shitting on the bill. It was pretty good going into it.
todayok
When the president and majority congress are the same party saying ones shits on the other doesn't cut it as a excuse for doing jack shit.
Khaotix11
Fun fact. The republican party isn't a single person. Nor do they all work on a hivemind.
todayok
Funner fact: President and majority Rep Congress said they had better Healthcare and tax plans and 7 years to sort out the details.
Khaotix11
At least the president has a good idea for taxes. Too bad politicians are a bunch of monkeys.
MyPalmsSpaghettiKneesWeakArmsSpaghettiTheresVomitOnMySpaghetti
I love you for "POTUS Orange Lantern," that was beautiful (no homo/hetero) ♡
Daemon7777
Why did you bring the homo thing into this? I feel like I am getting some vibes here
MyPalmsSpaghettiKneesWeakArmsSpaghettiTheresVomitOnMySpaghetti
Hahaha, what kind of vibes? I mean, if a girl were to make intelligent political jokes to me, I might go homo!
Rifneno
I'm just happy people are getting it. I said it a few times before, but nobody for the reference. :(
MyPalmsSpaghettiKneesWeakArmsSpaghettiTheresVomitOnMySpaghetti
I appreciate you!
HALex9000
Oooooh Orange Lantern, now that’s a clever one.
CptRobotNinja
I was gonna say...nicely done
DontTazeMeBrah
https://imgur.com/Mezg9J3
DanTheDane
ishouldbestudyingawholelotmore
This was actually added to the bill by a DEMOCRAT...suck on that
TheGame21x
And yet, not one single Democrat voted "yea" on the House bill...
ishouldbestudyingawholelotmore
Party lines. Doesn't matter if it'll help or not. Same would be 100% true if majority were switched. Power is more important than policy
todayok
Soooooo the Republicans want to increase the tax deduction for teachers? You say no? So suck on that.
boobcat
In NZ our Rightwing/Conservative Party is left of Obama DNC. We have Universal Healthcare on 0-35% Tax range. Mid class 20%.
JustAGuyy
And a tiny ass country that has few of the challenges that the US faces.
boobcat
Yes, we don't face world record stupidity of people who think having the worlds largest economy & 5th highest GDP per cap' is are challenges
boobcat
NZ has no resources, is entirely dependent on trade but is isolated from major markets. What greater challenges does US have? Incompetence?
Jusmar
All the while dealing with the stupid shitstorms whipped up during the cold war. Have fun with your sheep on that island.
boobcat
Those aren't inherent challenges of the size of your country that's the complication due to US policies, interventionism and incompetence.
boobcat
USAs willful ignorance of and arrogance towards other countries is also a human fault only. We have fun with Cows now, not sheep.
boobcat
USA's size, resources and geographical security gave it powerful international influence. It's American peoples fault they blew it so fast.
boobcat
USA is the luckiest country on Earth militarily. Bordered by allies and oceans make it easy to defend. The Cold War was a stupid US creation
Jusmar
Managing 100 times as many people spread out over 50 different entities with differing ideals and approaches to every topic.
boobcat
That's not a challenge, it's a benefit, through cooperation and consolidation you can achieve more than the sum of your parts. e,g. NASA
boobcat
In terms of political Administration USA is less varied than NZ. USAs 2 party system consolidates everyone. NZ Gov has 5 political parties
HisDudness
Seems like a great solution would be dissolution of the country into numerous countries. Let each state run itself.
Jusmar
That was an idea once, half the countries liked it and half didn't so there was a pretty large war and lots of people died.
Corrodias
Well... not exactly. Jets are still taxed. In fact, they have an excise tax, which is an additional tax you pay just for having a jet. The »
IjustChangedMyNameToProveAPoint
Shh! Don't say facts!
Corrodias
change in the bill is that the money you spend on maintenance and staffing is deductible from that excise tax.
AlkeneThiol
But why? Luxury taxes don't need to be cut. At all. They need to be raised if anything. We are in a second gilded age.
Corrodias
Shrug. I'm not offering an opinion on whether the change is good or bad. I'm only trying to clarify the misconception of posts like this.
Stebbenwolf
Also money that grad students get in tuition waivers becomes taxable income. Grad students are already poor. Now many could no longer exist.
LaPorteDargent
This. I can barely afford rent as it is, lucky if I can afford food as well. If this tax bill goes through my family will be homeless.
SpinsterTchotchkes
I'm terrified and I don't have a family to feed. I'm praying universities *do* something to protect us in the event that this happens.
Knilore
With what money?
freegiant
The wealthy greedy love keeping people poor and stupid.
GWXerxes
That system kinda sounds like being paid in money that's only good at the company store
rjz9
Expensive Universities will need to tweak their tuition systems quickly - or they will loose all their researchers
Megolas1
And all of America will the best minds to other countries or the private sector.
override367
I'm not sure what anyone expected when they cast their vote for Trump. But those e-mails amiright
Stebbenwolf
Trump is the anti-intellectual. I don’t think grad students were his voting base.
Megolas1
Or amiright?
luckyflavor23
Worked at uni I got MS in, 46% taxable on tuition remission. Halved my income. If there is student loan forgiveness I'll ask govt for refund
monkeybooty
WE NEED A FRENCH RIOT. LE PROTESTE! LE EGALITARIANISM! HELP US FRENCH PEOPLE
Megolas1
OUI!!!!
Rasdwatrium
LE BAGUETTE!
Megolas1
Really? No? What? What the hell is happening!?
FlyingButtPliers
You teach in exchange for tuition waiver. You never get the money, it's deducted from your bill. That amount is now taxable income.
RussianMathNinja
Yep. I'm lucky---I'm graduating this year. But if this passes, a lot of my friends are going to be paying ~$5,000 more in taxes.
MeridaIsMySpiritAnimal
Yeah I'm in grad school & barely getting by financially. Luckily I can move in with my mom & not pay rent if this passes, but others can't
WallyMLG
My TA is going to get slapped with an $8k a year tax. He doesn't even make $8K. He's getting taxed 100%+.
tacxirtam
Stealing our future :( https://arstechnica.com/science/2017/11/tax-bill-that-passed-the-house-would-cripple-training-of-scientists/
ProbablyDrunkAgain
Taxing their stipend, okay. They'll get that money back. Taxing them on their waived tuition too? That's completely fucked up.
ChocksAway
See: https://www.nytimes.com/2017/11/16/opinion/house-tax-bill-graduate-students.html
Draquez1
Well then I guess I'm looking outside the US for my PhD then.
Megolas1
I’m reading it now. Thank you!
Stebbenwolf
Yeah all of my grad student friends are freaking out about it. This tax bill could prevent them from finishing their PhDs.
[deleted]
[deleted]
CardboardStomach
Yes, someone who is in the process of acquiring their PhD totally has the option to just stop and pursue a trade.
letterzee
I guess I didn't think the /s was necessary. I guess I was wrong.
Stebbenwolf
That’s not a bad option for many but scientists are important. We need them just as much as we need carpenters, plumbers, etc.
Stebbenwolf
I’m super mad at my congressman who is in some science committee who also supports this tax bill. He can’t be pro science and pro this bill.
ForgotMyOtherAcct
Bring in a science committee often means nothing as far as their actual interests go. Which congressman?
CatpainTpyos
Anymore it seems like the only requirement to be on a Congress science committee is to openly hate science and everything it stands for. :/
Stebbenwolf
Steve Stivers. Sorry he’s not in the committee he’s a co-chair of the biomedical research caucus. The tax bill does not advance their goals.
FlyingButtPliers
Cheap foreign PhD vs expensive ones from the US?
LeonardoDaTiddies
Is it possible that stuff like tuition waivers are part of distortions that have been behind the ~300%+ increase in tuitions the past 20 yr?
Stebbenwolf
I blame that more on unrestricted access to federal student loans and a keeping up with the Joneses effect between different schools.
LeonardoDaTiddies
Maybe a little bit of all of it. I hear a lot of talk about how to pay for university education in the US but rarely about why tuition 1/
LeonardoDaTiddies
has grown so rapidly and what the plan is to reverse that trend. 2/2
Stebbenwolf
Also the waivers are really payment they receive for the work they do for the University. However the hours they work are much greater than
Stebbenwolf
What would be considered fair for the compensation they get. That’s why they don’t pay taxes on them. Not enough money to live otherwise.
LeonardoDaTiddies
That kind of sounds like the uni can undercompensate their workers via a tax loophole.
BlankhasdiedofDysentery
As someone who does taxes. Just write it off as a business expense.
scubachubby
this tax plan looks good to me. i work hard and end up paying big bucks at the end of the year. i try deducting as much as im allowed.
BlankhasdiedofDysentery
Seems like the 50% that don't currently pay income tax are the ones that hate it for the most part. They may finally have to pay some.
AstroExplained
Tbh, the guy already stated he thinks most teachers are dumb, so that tells you what kind of person he is. No use debating with him...
BlankhasdiedofDysentery
Which is exactly how the write the jet off too.
SugarSmack
When they say that the new bill gets rid of itemization for the middle class, how will that affect writing things off as a business expense?
BlankhasdiedofDysentery
It gets rid of it by increasing the standard deduction so much that you'll get more back than you would by itemizing.
SugarSmack
Until it expires you mean. But after that, I'll personally get hurt really badly.
IJustLikeToArgue
Right. Because there's no way Congress will try to extend the cuts by the time this plan is set to expire.
SugarSmack
Will that teacher be able to write off school supplies? I didn't even know she could do that now.
BlankhasdiedofDysentery
Yes, they can do it now and always could. Unreimbursed work expenses can be itemized.
IJustLikeToArgue
Good point. And then, when they say that the new tax bill raises the middle class tax to 98%, how will that affect things? Just stop, ok?
BlankhasdiedofDysentery
When they say it increases taxes by 98% it's FUD.
SugarSmack
I agree. They need to stop. This is repayment to their donors. Lindsey Graham admitted as much.
Megolas1
I thought that’s how they did it? When you’re employed full time you can’t write off as much, no?
mamaPat9
Expenses must reach high % of ADJUSTED GROSS INCOME.... very difficult to reach the minimum
BlankhasdiedofDysentery
Not if you are spending a meaningful amount of money on supplies and materials. You can deduct all sorts of things.
vadik21
just start a side business. even if it doesn't make revenue, if you have business expenses you can write them off.
BlankhasdiedofDysentery
Millions do it
BlankhasdiedofDysentery
No you can still write off any unreimbursed work expenses on your itemized deductions.
chickenfeat
Only if it equals a certain amount of your income. Like 3 or 4%. If it isn't that much at least doesn't do anything.
mamaPat9
No. Must be over % AGI.
indebtedlawyer
This is part of the issue, though. Jet owners are going to itemize, school teachers are going to take the standard deduction.
BlankhasdiedofDysentery
And that is their fault.
jadespider
And under Trump's tax plan, itemization goes away, and the standard deduction doubles. OP's complaint is exactly 100% invalid.
mamaPat9
You f-ing moron.. don't pretend to be a cpa and give advice. FALSE! TEACHERS are employees not owners and cannot just write it off.
BlankhasdiedofDysentery
It's funny to call someone a moron while you make a moronic statement. There is an explicit deduction for unreimbursed work expenses.
idkalan
You are able to write off expenses if said expense is used for your job. So if you bought PPE for a job & your employer didn't refund you,
idkalan
Its deductible. Same with school supplies, etc if your employer doesn't refund you & you have receipts, its allowed as a deduction
idkalan
But it's limited to how much you're allowed to deduct. Actual businesses have little to no limitations.
BlankhasdiedofDysentery
No, you can deduct everything that is legitimate. You can even take a loss.
blahblah1006
The provision for the jet tax right off was put in by a Democrat, don't forget neither side gives a shit about you.
LordChappers
*write-off. You're welcome.
bigkingdingaling
^this
ForgotMyOtherAcct
It's not actually a write off as being portrayed, it's saying that the 20 cents per gallon fuel tax paid by airplanes will be paid by the
ForgotMyOtherAcct
Renter rather than the owner of a jet in cases where the jet is being rented.
PiggyWobbles
business 101: the cost was passed on to the renter anyway...
edurbin88
Proof please.
mikeatc
Sherrod Brown Democrat Ohio
ForgotMyOtherAcct
It's accurate, and also not what it's being portrayed as. People can't write off jets, it's saying companies which own jets for the purpose
ForgotMyOtherAcct
Of renting them out don't have to pay tax on the milage the Jets travel while under lease; that tax is paid by the lease. Just clarification
The701
Name? If they deserve to be on a shitlist, so be it.
blahblah1006
Sherrod brown
The701
https://www.wsj.com/livecoverage/tax-bill-2017/card/1510946720
The701
https://www.huffingtonpost.com/entry/senate-tax-bill-break-private-jets_us_5a0f563be4b0e97dffed3e5a
The701
For those interested in reading more, some links: https://en.wikipedia.org/wiki/Sherrod_Brown
The701
http://www.aero-news.net/index.cfm?do=main.textpost&id=60e77e7e-a1e1-4ed1-a87a-d3697639fb36
The701
Huh, sounds like it's more of a clarification of an existing law than a new break. @megolas1 Still....there's the teacher deduction thing,
The701
among a slew of other handouts for those who already wield an immense amount of wealth and political power. Power feeds power.
blahblah1006
Teachers are under paid not due to budgets but the massive administrative level above them. They should be able to deduct all valid expenses
blahblah1006
But should never have to incur them in the first place
The701
Yeah, that too, that's more than slightly bullshit. "Oh, you're spending your own money because your employer is being crap? Well...here,
Gustie13
That’s because a rich person buying a jet will trickle down and create 1,000 middle class jobs while teachers are lazy, don’t you know?? /s
libaf
XxCartsxX
nurycat
This was the perfect gif reply.
Cereaza
But Paul Ryan REALLY believes it. It's like... his thing. He jacked off in college thinking about doing this.
o11c
Fun fact: the effects of trickle-down economics have been *measured*: only 20% benefit for the people. Taxes do *much* more for the people.
Megolas1
Amen. I kneel to you as well.
SugarSmack
Megolas1
Love this.
levoxaero
"But Mah Trickle Down" a phrase for Marxist and Redneck Democrats who are too stupid to understand economics 101. ROFL
ucandcantunc
Redneck democrats?? ROTFL.....that class does not exist...Rednecks are dyed in the wool Republicans....or Trump supporters...
lifeofabaddog
I take you're not familiar with the Liberal Redneck videos? I live in the deep South and have plenty of left leaning redneck friends.
Skywatcher16
there are plenty of democrat rednecks. BUT unlike thenon democrat version, they took the time to look at the REALITY of trickle down bull.
GaySocialistLiberalMuslimCommieAtheist
... what?
levoxaero
1% create wealth, innovation. Musk, Gates, Jobs. 5% are necessary to buy/make luxuries common. Cell phones/Computers were luxuries.
levoxaero
@OP You're a fucking idiot. Thank goodness no one listens to Socialist fucktards like you who don't understand basic economics.
spetcnaz
Before you teach others about the basics of the economics maybe you should start researching history.
Megolas1
Okay Tiger. Your ideas would be more accepted if you, perhaps, took a different approach. Leading with anger never works. Just saying!
PiggyWobbles
That must be why we've been cutting their taxes for 40 years! Just look at all the jobs and innovation everywhere. Thanks billionaires!
CitizenDickbag
Basic economics is that the middle class is the engine of growth, not the 1%.
Megolas1
Hell to the mutha effing yes!!! Whoop and whoop! And one more whoop!
Setekhx
Trickle down doesn't work guy. It never has. Rich people hoard wealth. It's always been this way. It's precisely why the wealth distribution
ImNotSureWhatAGoodUserNameIsSoThisWillHaveToDo
That's why most Americans will be in the top 20% at least once: https://www.cbsnews.com/news/here-are-your-odds-of-joining-the-1-percent/
Setekhx
Is getting worse and worse as time goes on.
levoxaero
Another Democrat idiot who doesn't understand basic economics.
Gustie13
Taking a page from your idiot president, I challenge you to an IQ contest
Megolas1
Please take a look at Kansas economics in the last 6 years and most likely you’ll change your view point? Or don’t. You be you!
imonewiththeforceandtheforceiswithme
Please enlighten us
ForgotMyOtherAcct
Did they say something false?
Gustie13
At worst it’s an oversimplification of GOP Econ theory, but it’s essentially what they believe!
alsoAzrael
You must be a graduate from the "do the same thing that never works then obstruct and blame dems when it doesn't work" school of economics.
JohnBluehill
Found the Republican
CitizenDickbag
There is no evidence cutting taxes for the rich helps the economy, or that it benefits everyone else.
ImNotSureWhatAGoodUserNameIsSoThisWillHaveToDo
There were the roaring '20s, but to be fair, everyone's taxes were cut then, not just the rich's.
CitizenDickbag
Wasn't due to tax policy. Fed taxes were highest in 1950s, greatest period of US economic growth ever.
ImNotSureWhatAGoodUserNameIsSoThisWillHaveToDo
The Mellon plan was a major contributor. Nobody paid those taxes in the '50s. https://taxfoundation.org/taxes-rich-1950-not-high/
Crowlands
See, we did the whole trickle down economics thing, and it made a boom-bust cycle, leading to the great Depression. Considering how bad 1/2
sulfuratus
we have it now, I want to have that Great Depression back. 2/2
ChuckWeiss
The boom bust cycle was a more a result of the credit systems instituted in the early 20th century. Trickle down economics is what lets 1/
ChuckWeiss
Apple hide billions in offshore accounts to avoid the already comical corporate taxing laws. 2/2
sulfuratus
You misunderstood me. I was just making a joke by continuing your 1/2 comment with my own 2/2.
Crowlands
that was, we decided to try the exact same thing again, and that caused a boom bust cycle, leading to the great Recession. So, this time,2/3
Crowlands
We're going to do the exact same thing a THIRD time, and I'm sure it'll work out fine for everyone! And if not, we'll bail out the rich. 3/3
Asteroidrules
Trickle down isn't even sort of what causes the boom and bust cycle, the cycle is an effort to mitigate the damage of "trickle down" bull.
sulfuratus
What are we going to call the third low? The great concussion?
GaySocialistLiberalMuslimCommieAtheist
The great hindsight.
XxCartsxX
The Great Repetition
Zyrixion
The Socialist Revolution.
SkippedOver
The Great Depression II, then the Great Recession II. Make it nice and confusing for anyone that doesn't study economics.
PfcTommi
Most likely the great extinction. #realtalk
blainetog
Impeachment.
imonewiththeforceandtheforceiswithme
Lol the whole of the US has CTE from watching too much football
TruthlessOfShinovar
That would certainly explain the general amnesia.
charlie2979
Dude we're trying fascism again. Don't t think we're above shite emonomic ideas.
Crowlands
Where are we trying fascism? Pretty sure America is a democracy, and Trump is going "I don't like them" to reporters, not shooting them.
Crowlands
The Nationalism, corruption, focus on corporations over workers, disproportionate military spending, theocracy... That you've always had.
Crowlands
I could probably name a thousand problems with Trump. "Intends to overthrow democracy" isn't one of them, and makes us look silly.
The701
We're trying a goddamn ruling class again. How many tens of billions of dollars does an individual really need? At what point do people