and that’s is not a point I was trying to say

Also, trickle down isnt a proper term, you're referring to reaganomics?

It is used interchangeably

i dont think* trump endorses reaganomics

But yes

It slightly different

But it is trickle down economics

how so?

because of the capital gains tax cut?

Here’s the idea of Trickle Down Economics

You give the wealthy a tax cut. A trillion dollar tax cut in this case

And the model follows.

That you believe that this tax cut will allow for

1) Worker’s wages to increase

i dont think you have a solid understanding in this

How so?

let me ask, how exactly do you think Trump cut taxes for the rich? Im asking this to test your knowledge

If you dont know you can feely admit, im not here to try to make you look bad

I think I do, but not fully.

only to have a civil discussion about interesting topics

Nah I’m not here to be an egocentrist

Pretty sure he lowered the tax rates

With seven brackets

trump cut taxes that disproportionately affected those who invest in terms

But then again I could be wrong

in the form of capital taxes

he actually saw an increase in tax collection in term of income tax

but the income tax was not his main tax cut

it was capital gains tax

which affects profit made from stock or property that was owned for over 1 year

profit made from stock or property that was owned for less than one year just falls into income tax

he did this as it incentivized long term investment (investment of over one year) instead of short term day trading or quarterly trading of stocks.

now of course there are negative and benefits here, you incentivize long term investment but lose a large chuck of state fiscal revenue

Interesting

https://www.investopedia.com/terms/c/capital_gains_tax.asp

Thanks mate!

np

what a lame argument. you both believe in government way more than is healthy

how?

https://www.youtube.com/watch?v=05my0KZ0QBk

Ohio shooter was politically left-wing