Message from @Krux

Discord ID: 608146480246685736


2019-08-06 03:52:37 UTC  

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

2019-08-06 03:52:50 UTC  

It is used interchangeably

2019-08-06 03:52:50 UTC  

i dont think* trump endorses reaganomics

2019-08-06 03:52:53 UTC  

But yes

2019-08-06 03:53:04 UTC  

It slightly different

2019-08-06 03:53:09 UTC  

But it is trickle down economics

2019-08-06 03:53:18 UTC  

how so?

2019-08-06 03:53:25 UTC  

because of the capital gains tax cut?

2019-08-06 03:53:29 UTC  

Here’s the idea of Trickle Down Economics

2019-08-06 03:53:48 UTC  

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

2019-08-06 03:53:54 UTC  

And the model follows.

2019-08-06 03:54:03 UTC  

That you believe that this tax cut will allow for

2019-08-06 03:54:15 UTC  

1) Worker’s wages to increase

2019-08-06 03:54:20 UTC  

i dont think you have a solid understanding in this

2019-08-06 03:54:47 UTC  

How so?

2019-08-06 03:54:55 UTC  

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

2019-08-06 03:55:55 UTC  

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

2019-08-06 03:56:08 UTC  

I think I do, but not fully.

2019-08-06 03:56:08 UTC  

only to have a civil discussion about interesting topics

2019-08-06 03:56:21 UTC  

Nah I’m not here to be an egocentrist

2019-08-06 03:56:59 UTC  

Pretty sure he lowered the tax rates

2019-08-06 03:57:04 UTC  

With seven brackets

2019-08-06 03:57:04 UTC  

trump cut taxes that disproportionately affected those who invest in terms

2019-08-06 03:57:10 UTC  

But then again I could be wrong

2019-08-06 03:57:15 UTC  

in the form of capital taxes

2019-08-06 03:57:29 UTC  

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

2019-08-06 03:57:37 UTC  

but the income tax was not his main tax cut

2019-08-06 03:57:43 UTC  

it was capital gains tax

2019-08-06 03:58:18 UTC  

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

2019-08-06 03:58:49 UTC  

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

2019-08-06 03:59:51 UTC  

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.

2019-08-06 04:01:38 UTC  

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

2019-08-06 04:05:40 UTC  

Interesting

2019-08-06 04:07:11 UTC  

Thanks mate!

2019-08-06 04:17:05 UTC  

np

2019-08-06 05:25:03 UTC  

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

https://cdn.discordapp.com/attachments/526921073397071892/608168640696549421/64501076_366176297586136_2350732074656202752_n.jpg

2019-08-06 05:25:23 UTC  

how?

2019-08-06 06:52:23 UTC  

Ohio shooter was politically left-wing