Trickle down economics is where the wealthy are given huge amounts of money which they use to purchase champagne and then proceed to piss all over everyone else.
You mean only 4% has gotten a raise due to a 6 month old tax cut. Wow that is absolutely terrible. How about we wait until this time next year to see what those statistics look like. Everyone does have more money in their pocket due to less taxes being taken out. Many people have gotten bonuses credited directly to the tax cut and more people will get raises due to the tax cut over time.
This time next year the rate will be the same. We've seen what the companies are doing with their tax cut. They are buying back their own stocks. They aren't using the money to give employees raises.
I'm shocked. It's almost like companies only invest when there is demand...not based on the tax code.
It’s like people on the right can’t understand basic economics. Supply and Demand. Or just the ones at the top of the right that knows this only really benefits thier rich friends. They have no problem lying to the rest of thier base and the nation. Sad and really despicable. These are the real tax thieves they should be jailed. Didn’t the president say as much to his friends about the tax cuts? These are the biggest crimes facing the nation not the Russian probe.
Growth Benefits of U.S. Tax Cuts May Be Overestimated: Fed Study https://www.bloomberg.com/news/arti...f-u-s-tax-cuts-may-be-overestimated-fed-study
More data showing the tax cuts failed to increase wages... in fact, real wages went down. Worker wages drop while companies spend billions to boost stocks https://www.cbsnews.com/news/worker-wages-drop-while-companies-spend-billions-to-boost-stocks/
So... wage decreases, coupled with higher inflation... #winning Inflation hits 6-year high, wiping out wage gains for the average American https://www.washingtonpost.com/busi...ains-average-american/?utm_term=.604a21449f3d
Since the first tax cut didn't grow wages... thus failing to address the biggest problem facing most Americans...
They are doing the rational thing and exactly what you'd expect them to do. Handing out some candy to workers as an extra bonus was just a PR expense. Doing anything more than that would be a dereliction of their duty to shareholders. The buybacks and dividends are the totally expected and totally rational thing for corporations to do. So of course this time next year the picture will be no different. If wages increase, it'll be about labor pricing dynamics, no tax cuts. And, I'm actually fine with the corporate tax cuts. What I'm pissed about are the tax cuts for the rich. The corporate tax cuts were going to be passed to shareholders, who skew rich. And that'd be fine if those outsized benefits could be appropriately taxed on individual earners. Instead, they elected to leave that money with the rich people. I don't have anything against rich people, but it has really exacerbated economic disparity. How can the purchasing power of an average worker ever much exceed his subsistence cost with such a large disparity?
