arkrud
Posts: 32217
Alba Posts: 7
Joined: 8/31/2005
Member: #995 USA
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holfresh wrote:arkrud wrote:holfresh wrote:arkrud wrote:holfresh wrote:arkrud wrote:holfresh wrote:earthmansurfer wrote:holfresh wrote:BRIGGS wrote:holfresh wrote:BRIGGS wrote:Just like the vote Trump and co will shock againJust sit back and listen to the inane obtuse ideas coming out of the mouths of the people not comprehending what this is all about. Trump is about nationalism Trump will rebuild infrastructure create millions of good paying jobs lower taxes while we see GDP growth rise up to 3.5-4.5% we will begin to lower our deficit and there will be many with cake on their faces but atleast they'll have a job! The deficit is 587 billion thanks to Obama...Not much worries there..You must be talking about the debt..Trump's plan would add 6 trillion dollars to our 19.8 trillion dollar debt..That is an intentional increase of 30% by one man...Wall Street is giddy because they are about to get paid...One guy who doesn't think this is funny is bond king Bill Gross, who ran PIMCO for many years, now at Janus..He sees zero stimulus just like the Bush years...Companies are doing massive repurchasing to stock as we speak, why didn't they use that money to expand and "create more jobs" as Trump and other trickle down gurus are suggesting..This will be just another boondoggle that favors Wall Street...And trust me, I don't mind one bit, I just hate seeing middle class America being fed a load of BS... He is Bill Gross on Trump's plan... http://video.cnbc.com/gallery/?video=3000568635 I do not in anyway think the mc is being fed BS. At the end of 2015, close to 380 of largest companies in the US have been buying back 160 billion dollars of stock per quarter...They already have mucho money...So they are all of a sudden going to say, hey look at more money, let's create jobs, yeah right...How can you spell BIG FAT BONUSES...Meanwhile our debt gets blown to proportions that may never to return to flat again in our lifetime...Trump has shown everyone who he is for 70 years of his life..He is going to change now..ok, Brooklyn Bridge for sale...And if they don't have money, you can borrow at historically low rates...10 yr just climbed above 2% last week... http://www.factset.com/websitefiles/PDFs/buyback/buyback_9.20.16#page=1&zoom=auto,-193,798 I saw an old interview with Trump from at least 20 years or so back and he was asked about running for President. He said he couldn't see it happening unless things continued with being so bad (or something like that). Now, even though he (and many others) have become rich via this system (and not necessarily breaking the law, just using the loopholes, etc.) the writing is on the wall - If this continues, we all perish. Now sure, maybe he is lying, but I think most people see this clearly (except the globalists), if the path we are on continues, we are going to be the slaves in the master slave relationship. Lots of people wake up, perhaps he accomplished what he set out to do and now he see's the system is broken and drastic measures are needed to fix it. Maybe he is lying, but I don't get that feeling. Time will tell. I'm just not the kind of person to lose hope, if that is even the right word. As I've said before, as esoteric as it might sound to some, to me it is common sense - We are a part of a larger system and what we see happening right now is a reflection of that system - correction. Fingers crossed and ready to take part in making things right. But who are you putting your hopes in...Is he not the proverbial "Fox in the hen house"...He is a proven thief multiple times over that we know of..He has deceived people time and time again, as a career principle...The tax cut and repatriation is a gimmick used to enrich those in power...My worry is that the real problem isn't being addressed..Bernie Sanders and Trump evade the truth during this election..The problem is that automation and technology has totally change how we work and live...This is the real reason for job loss..I can load you up on stats to prove my point..We have to address how to get those out of work new careers and educate the population differently..Trump and Sanders seized on massive job loss for their own political gain..Those jobs aren't coming back..We will now lose another half decade in addressing this problem.. To further illustrate my point on tax cut/repatriation...http://www.cbpp.org/research/repatriation-tax-holiday-would-lose-revenue-and-is-a-proven-policy-failure Here is an excerpt from Center on Budget Policy and Priorities.. Some policymakers are promoting another “repatriation tax holiday” to encourage multinational corporations to bring overseas profits back to the United States by offering them a temporary, very low tax rate on those profits. In particular, some have described a repatriation holiday as a “win-win” that would boost corporate investment and create jobs in the United States and also generate a tax windfall to help finance needed infrastructure spending. In reality, a repatriation tax holiday would accomplish neither goal and instead would worsen the nation’s fiscal and economic problems over time. A repatriation tax holiday would lose substantial federal revenue and swell budget deficits, so it couldn’t pay for highways, mass transit, or anything else. Congress’ Joint Committee on Taxation (JCT) recently estimated that, while a second repatriation holiday (following the one enacted in 2004) would raise revenue for the first two years, it would cost $96 billion over ten years. Thus, rather than use the tax holiday to finance long-term infrastructure projects, the Treasury would have to borrow to pay for the tax holiday and then borrow again to pay for the infrastructure. (For more, see “Repatriation Holiday Costs Money So Can’t Offset Other Costs,” below.) The 2004 tax holiday did not produce the promised economic benefits, and a second one likely wouldn’t either. Firms largely used the profits that they repatriated during the 2004 holiday not to invest or create U.S. jobs but for the very purposes that Congress sought to prohibit, such as repurchasing their own stock and paying bigger dividends to shareholders. Moreover, many firms laid off large numbers of U.S. workers even as they reaped multi-billion-dollar benefits from the tax holiday and passed them on to shareholders. The top 15 repatriating corporations repatriated more than $150 billion during the holiday while cuttingtheir U.S. workforces by 21,000 between 2004 and 2007, a Senate Permanent Subcommittee on Investigations report found.[2] (For more, see “2004 Tax Holiday Failed to Generate Promised Economic Benefits,” below.) Almost 80% of US economy is internal consumption. US economy is strong because we spend as consumers more that anybody in the world. By doing this we automatically forcing the expansion in infrastructure to support this consumption. We also creating enormous amount of wealth in residential and commercial real estate and infrastructure networks. This wealth required maintenance so we can employ more people with the sole goal to have them spend all money they earn again. At the same time we are printing and selling $$$ for the whole bunch of messy counties to them to have some stable money exchange mechanism. To support the $$$ value we employ millions of solders and maintain military power. US is sucking the blood of the world pretty dam good. So all this little caveats about local taxes are just a destruction from the big picture how we as a country are dominating the world. So where is your proof or examples of write-ups showing the money will get to those who will spend? I don't care where money goes. Its all Brown partials movement. I look at people of what country have more security , prosperity, social safety net, and public order and stability. Who is personally pure or reach is personal achievement or fault. The fact that you are saying you don't care where the money goes or does is showing a lack of understanding of how the economy works, as you try to show why it's important for the rich to have a concentration of the wealth...Retail Sales spur the economy...China and many other country run their economy by exporting goods to US consumers..If the general public doesn't have money, the global economy will suffer...The rich(1%) don't spur the economy.. The 1% is personally consuming more that average person which is good by itself. But most of their wealth is invested in corporations which employ majority of people and produce more wealth as well as guarantied income for all workers. Same true about cache which is working to get materials ans resources to support this corporations. This is the order of the world. When people attempted to disrupt it very bad things occurred. There is presently no better system found so why break what is working? Do you understand the concept of 1%, it literally means 1%..Do you think 1% of the population consume more than 99% of the population??..Do you think Gucci is bigger than Walmart??.The fact that wages are stagnant is the disruption not that more wealth is concentrated at the top...You are thinking American always existed this way where wealth is concentrated at the top 1% and you are wrong..What you don't understand is the profits for the last three quarters have declined as compared to recent years and the stock market isn't sustainable without the middle class...There isn't enough of the 1% to consume all the goods being sold in America... No one is against rich people having money..There has to be a viable way for the average American to have his/her wages increase as well.. The way for average American to have wages increase is to get them educated and skilled in occupations which provide high and stable income instead of scrap for people to fill this job from other countries because we do not have anybody capable and willing to work this jobs. Automation and robotics will kill the low income jobs rather sooner than later. So this chip illegal workers will be gone also for no one advantage. People need to get used to loving to serve each other in many ways as this will be the main source of human jobs. Healthcare, hospitality, entertainment, food, all kinds of treatments of body and soul, arts, science, engineering, serving in law enforcement, military, security services, etc. Not all people are ready to do this but they should get ready of be ready to get just minimum. And of course for those who will not be able to fit it we need to provide enough for live in human decently. This is much better plan that that look for expropriation of wealth from 1% and throw a big 10 day party (not sure it will be enough for 10 days).
"There are more things in heaven and earth, Horatio, Than are dreamt of in your philosophy." Hamlet
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