Message from @Sh0t

Discord ID: 660868324124655617


2019-12-29 15:32:20 UTC  

tax cuts, in most countries, stimulate economic activity by increasing private capital investments

2019-12-29 15:32:21 UTC  

Prime example is Fred Smith adn Fedex, who ws the biggest lobbyist for it

2019-12-29 15:32:30 UTC  

it doesn't apply to america in this case for other reasons

2019-12-29 15:32:32 UTC  

What did Fedex do? almost 3b in buy backs

2019-12-29 15:32:36 UTC  

but to say tax cuts don't increase employment is false

2019-12-29 15:32:37 UTC  

Amazon hired a lot

2019-12-29 15:32:51 UTC  

You mean FedX?

2019-12-29 15:32:53 UTC  

Amazon is always hiring a lot, their model is perpetual growth

2019-12-29 15:32:58 UTC  

FedEx, Federal Express

2019-12-29 15:33:04 UTC  

Fred Smith is the ceo

2019-12-29 15:33:30 UTC  

the trump tax cut didn't increase employment not because tax cuts don't increase employment, but because the US market is already flushed with cash

2019-12-29 15:33:31 UTC  

Why the increase in demand from people makes for a larger market

2019-12-29 15:33:44 UTC  

companies that are not hiring are not doing so because of lack of capital

2019-12-29 15:33:51 UTC  

so injecting more capital isn't going to make a difference

2019-12-29 15:33:56 UTC  

Having more despositable income always helps. Or even a bonus

2019-12-29 15:34:03 UTC  

aggregate demand has been steady, velocity down, but credit steadily rising

2019-12-29 15:34:07 UTC  

so clearly tax cut didnt do that

2019-12-29 15:34:25 UTC  

m2v is about to hit new low

2019-12-29 15:34:30 UTC  

So was the outcome of the tax cuts benefiting the poor black communities?

2019-12-29 15:34:39 UTC  

I think that's what it gets at

2019-12-29 15:34:46 UTC  

My point is, these assertions aren't based on anything

2019-12-29 15:34:52 UTC  

your general employment is down not because of lack of money to hire, but because of automation

2019-12-29 15:34:58 UTC  

I never had a problem getting a job after 2008

2019-12-29 15:35:09 UTC  

They work as propaganda, because most people don't study economic data

2019-12-29 15:35:10 UTC  

Bush is a fgt

2019-12-29 15:35:18 UTC  

Having more despositable income allows people to either spend, save or both. It's not a difficult concept

2019-12-29 15:35:21 UTC  

i do , so i know it's bullshit

2019-12-29 15:35:32 UTC  

"despositable income"

2019-12-29 15:35:37 UTC  

jesus fuckin christ

2019-12-29 15:35:45 UTC  

that's american education system for you

2019-12-29 15:35:57 UTC  

I believe he means diposable income, but either way, we see household debt , we see m2v dropping

2019-12-29 15:36:03 UTC  

I blame these 20 year old single mothers

2019-12-29 15:36:03 UTC  

"diposable income"

2019-12-29 15:36:05 UTC  

We see retail figures, durables, etc

2019-12-29 15:36:12 UTC  

at least that's closer to "disposable"

2019-12-29 15:36:33 UTC  

I make less than 30k a year and have plenty of disposable income

2019-12-29 15:36:42 UTC  

Idk why people struggle

2019-12-29 15:36:54 UTC  

Retail figures are on a downturn. Since E-commerce is an ever increasing market

2019-12-29 15:36:56 UTC  

you make 30k, and you steal the rest

2019-12-29 15:37:03 UTC  

Steal?

2019-12-29 15:37:16 UTC  

Never been on food stamps or welfare