Winning

[Chico23231]

Originally Posted by Giantone

You just love to make this shit up don't you chico? Find a post from anyone that says a company willing to pay it's workers more is wrong???

Funny you quote Warren Buffet yet when it came to the Tax cuts and he was speaking out about how he pays less in taxes than his secretary how much screaming did you do then?I'll remind you none.


Lets just read more about what Warren thinks.

https://www.fool.com/investing/2018/...ax-reform.aspx

But don't expect the tax cuts to benefit everyday Americans
While Buffett acknowledges that Berkshire's bottom line will be helped by the new tax law, and he predicts the stock market is likely to rise, that doesn't mean he thinks the GOP's tax-reform bill is in the best interest of the American public.

Buffett recently wrote an article for Time magazine in which he explained why trickle-down economics doesn't really work.

The whole idea behind the GOP's tax-reform bill is that the massive tax cut for corporations will "trickle down" to the American public in the form of more jobs and higher wages. And the early indications are that this is somewhat true -- several high-profile companies announced bonuses for their workers or higher minimum wages in the wake of the legislation.

However, Buffett points out that historically, trickle-down economics hasn't had the promised effect. He gives the example of the Forbes 400 list of the richest Americans. Between the first version of the list in 1982 and today, the wealth of the top 400 has multiplied by a factor of 29, from $93 billion to $2.7 trillion. Buffett says that at the same time, "many hardworking citizens remained stuck on an economic treadmill." He added: "During this period, the tsunami of wealth didn't trickle down. It surged upward."

https://www.kron4.com/news/bay-area/...son/1491329535

https://q13fox.com/2018/09/20/need-a...s-the-country/

https://www.cnbc.com/2018/09/13/targ...ay-season.html


Read the news...higher, competitive demand for holiday worker...higher wages, incentives, perks, employee discount, ETC.

Amazon is getting out in front, trying to keep its workforce...this was a competitive WAGE HIKE due to demand. This was not some bullshit handout...this is business and a strategy by Amazon to retain workforce and compete other employers who are direct competition

This is what happens in a great economy.

[Schneed10]

Originally Posted by Chico23231

https://www.kron4.com/news/bay-area/...son/1491329535

https://q13fox.com/2018/09/20/need-a...s-the-country/

https://www.cnbc.com/2018/09/13/targ...ay-season.html


Read the news...higher, competitive demand for holiday worker...higher wages, incentives, perks, employee discount, ETC.

Amazon is getting out in front, trying to keep its workforce...this was a competitive WAGE HIKE due to demand. This was not some bullshit handout...this is business and a strategy by Amazon to retain workforce and compete other employers who are direct competition

This is what happens in a great economy.

Yeah but we're borrowing at an absurd rate to make it happen, which eventually has consequences.

Trump's tax plan dropped tax rates, so parts of the public are enjoying that significant change, but the federal government has not reduced spending in concert. The deficit has grown significantly larger.

It's the same effect as a stimulus. Obama's was an injection fed by quantitative easing, ours is an injection of Chinese cash buying up more of our debt. It will eventually impact inflation rates and the strength of our currency in a negative way.

[CRedskinsRule]

Originally Posted by Schneed10

Yeah but we're borrowing at an absurd rate to make it happen, which eventually has consequences.

Trump's tax plan dropped tax rates, so parts of the public are enjoying that significant change, but the federal government has not reduced spending in concert. The deficit has grown significantly larger.

It's the same effect as a stimulus. Obama's was an injection fed by quantitative easing, ours is an injection of Chinese cash buying up more of our debt. It will eventually impact inflation rates and the strength of our currency in a negative way.

I agree, and a side note on this, people may have started noticing the fed raising rates, and while individuals may feel a little of that, guess what happens when the federally borrowed money starts having to pay higher rates, it's not a good thing.

I do think the difference on the stimulus vs solid gdp growth, is a lot of the stimulus was borrowed money that doesn't increase the tax base. In sound GDP growth, tax revenues rise as a result. BUT your point is right it's not enough, and Congress needs to stop living in tax and spend environment.

[Schneed10]

Originally Posted by CRedskinsRule

I agree, and a side note on this, people may have started noticing the fed raising rates, and while individuals may feel a little of that, guess what happens when the federally borrowed money starts having to pay higher rates, it's not a good thing.

I do think the difference on the stimulus vs solid gdp growth, is a lot of the stimulus was borrowed money that doesn't increase the tax base. In sound GDP growth, tax revenues rise as a result. BUT your point is right it's not enough, and Congress needs to stop living in tax and spend environment.

Thank you for being capable of a meaningful discussion. When I'm a pain in the ass at least I'm funny. Chico and G1 need to take it to the kids table.

Agree that the higher GDP growth is driving higher tax base. Unfortunately though the part of the GDP that has grown has been heavier on the corporate side of the ledger, which has led in part to corporations performing stock buybacks, which increases stock prices and those capital gains get taxed. But not at a rate as high as you'd get by taxing wages / regular income. We're seeing wages finally rising some, but not at the same rate as corporate earnings and stock prices.

Trump's position on China of course is leading to tariffs, which of course pads the federal coffers. I'd be interested to see how much of an impact that's having on our deficit. In other words, without it how big would our deficit be? So that part of his approach has to be thrown in the mix. Overall I'm not a fan of protectionist practices but a source of tax revenue is a source of tax revenue.

Overall my concern is our economy feels really strong right now but that strength isn't sustainable. When interest rates eventually rise the impact on our federal budget will be large. Tough choices about our fiscal spending loom and people will eventually feel a lot of pain, it's just a matter of which Americans will bear the burden, and when.

[Giantone]

Originally Posted by Chico23231

https://www.kron4.com/news/bay-area/...son/1491329535

https://q13fox.com/2018/09/20/need-a...s-the-country/

https://www.cnbc.com/2018/09/13/targ...ay-season.html


Read the news...higher, competitive demand for holiday worker...higher wages, incentives, perks, employee discount, ETC.

Amazon is getting out in front, trying to keep its workforce...this was a competitive WAGE HIKE due to demand. This was not some bullshit handout...this is business and a strategy by Amazon to retain workforce and compete other employers who are direct competition

This is what happens in a great economy.

That started with Obama ,don't forget that.

[Chico23231]

Originally Posted by Giantone

That started with Obama ,don't forget that.

ha...its literally hilarious you don't understand. True if you talking the deficit chunks

But Obama at anytime could have enacted measures to get the economy going. Dodd-Frank, Fed Regulatory laws, Tax policy, etc....get into the weeds G1 and you can find the answers.

We agree to disagree

[Giantone]

Originally Posted by Chico23231

ha...its literally hilarious you don't understand. True if you talking the deficit chunks

But Obama at anytime could have enacted measures to get the economy going. Dodd-Frank, Fed Regulatory laws, Tax policy, etc....get into the weeds G1 and you can find the answers.

We agree to disagree

So trump walked in to the same economy as Obama did?

[CRedskinsRule]

Originally Posted by Giantone

So trump walked in to the same economy as Obama did?

old troll strikes again

[Giantone]

Originally Posted by CRedskinsRule

old troll strikes again

.............and you still won't answer it honestly.

[Giantone]

Originally Posted by Chico23231

https://www.kron4.com/news/bay-area/...son/1491329535

https://q13fox.com/2018/09/20/need-a...s-the-country/

https://www.cnbc.com/2018/09/13/targ...ay-season.html


Read the news...higher, competitive demand for holiday worker...higher wages, incentives, perks, employee discount, ETC.

Amazon is getting out in front, trying to keep its workforce...this was a competitive WAGE HIKE due to demand. This was not some bullshit handout...this is business and a strategy by Amazon to retain workforce and compete other employers who are direct competition

This is what happens in a great economy.

Pay attention chico............


https://www.yahoo.com/finance/video/...130000919.html