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sethnintendo on 20 October 2017
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Superman4 said:
S.T.A.G.E. said:

THose quarters were not because of trump but because of actual businesses holding the market together. Trump blindly attributed stock market rises to himself and stated that they would somehow affect the national debt. Seriously....I don't know what else to say.

Trump actually did help the stock market. Whether it turns out to be long term or not we will have to wait and see. His stance on policies is a big driver in stock price. If however he doesnt get what he wants or changes his stance then the market will drop. Companies have high hopes right now that they will make more money in a Trump economy.

His help was the forecast of tax cuts.  Now the white house staff is trying to go around and falsely claim that a tax cut for businesses will in turn have an average salary raise of 5k per year in whatever fuck bullshit years they came up (I believe they stated around 5 years).  They falsely overstated corporate tax burden that is put on workers in form of wage surpression in order to pay their taxes.  They are stating 70-80% while I believe the true figure is around 20-30%.

"The CBO found that about 75 percent of the burden of corporate taxes are borne by owners, and only 25 percent by workers. In 2013, the nonpartisan Joint Committee on Taxation performed it own analysis, and came to the exact same conclusion as the CBO."

http://www.motherjones.com/kevin-drum/2017/10/trumps-treasury-department-deleted-research-that-contradicts-republicans-on-tax-reform/

or

https://www.wsj.com/articles/treasury-removes-paper-at-odds-with-mnuchins-take-on-corporate-tax-cuts-winners-1506638463

or

https://www.washingtonpost.com/opinions/the-report-trump-officials-dont-want-you-to-see/2017/10/02/f6c77a6c-a7ab-11e7-850e-2bdd1236be5d_story.html

Let us not kid our fucking selves.  Do you really think corporations with an influx of money due to lower taxes will increase wages?  They might but I highly fucking doubt 3-4k per year in a half decade or so.  They will use the money to buy back shares for the most part and possibly reinvest (my guess is probably mainly outside the USA).

 

Big fucking whoop.  Market will drop because it was propped up on bullshit.  I agree we could lower corporate taxes but you have to close all loopholes.  Some companies doesn't even pay shit for tax with major corporations like BoA paying under 3% with all the loopholes.  Do you really believe all the loopholes will be closed?  How about that $1.5 trillion to the debt added even with rosy 3% GDP growth projections.  Basically we are going in more debt for the corporations and then perhaps maybe in the future Apple and other companies can bail us out and become our overlords.

You have no stance.  I'm sure you have some good points but your overall conclusion is completely stupid because it is living in the land of fantasy.  Fact is this is a tax plan to help the rich and corporations while throwing chump change at everyone else.  It isn't my fault you guys are so fucking brainwashed to not see the light.  Stop calling shit, gold.  Be fucking up front.  I know you are selling me shit so stop trying to act like it isn't shit.