Trump tax cut fuels record profit for Buffett's Berkshire

[Skeptic7]

6 hours ago, Trouble said:

People can joke about trickle down economics but where do they think the money goes?  Generally speaking it goes into the economy. It is reinvested, it is spent, it buys new equipment, consumer goods. Because of that it creates jobs with paid wages. With lower unemployment, the wage scales tend to be driven up. That may not work for the worker at McDonalds but it does work for a lot of people in factories and business across the nation.  That money that Berkshire Hathaway netted in profit will surely be used for investment.  Investment creates growth.  The alternative is to tax at ever higher rates, drive business overseas, create unemployment and people on public assistance. It may not all "trickle down" to the McDonald's worker but it's not like Buffet will put the money in the bank and sit on it.

Solid points all and I'm on board...so why are u telling me this??? I'm the one telling others here not to piss on Warren because he and his fund benefited and and that the US economy is healthy and stable and that tax cut will further benefit many others. 

 

There are plenty of socialists here that u coulda/shoulda quoted. NOT me. 

[Skeptic7]

 

11 hours ago, Lungstib said:

Those unemployment numbers are collected by 'new' methods every few years and all adjustments made just happen to bring the number down. Political counting. Check the numbers at work instead. You will find that has gone down. Fire a full time employee on a minimum wage who gets some govt benefits, replace with 3 part time low paid workers and heh presto you have created 2 jobs! Easy when you know what makes it look good.

Unproven claims of false and misleading unemployment numbers are as old as unemployment numbers. Regarding your claim...

 

Not so anymore based on this article and personal experience. Airlines are hiring thousands of full timers, as are most industries in USA. 

 

Unemployment went down hugely during the Obama administration and continues today. 

https://www.usatoday.com/story/money/2017/05/11/full-time-jobs-easier-get/101512856/

 

 

 

 

[Lungstib]

12 minutes ago, Skeptic7 said:

 

Unproven claims of false and misleading unemployment numbers are as old as unemployment numbers. Regarding your claim...

 

Not so anymore based on this article and personal experience. Airlines are hiring thousands of full timers, as are most industries in USA. 

 

Unemployment went down hugely during the Obama administration and continues today. 

https://www.usatoday.com/story/money/2017/05/11/full-time-jobs-easier-get/101512856/

 

 

 

 

If you look at what is called the Labour Participation Rate for the US, something not easy to find because they always want you to see those created unemployment numbers, you will see nothing has changed for a few years but it has been better. https://tradingeconomics.com/united-states/labor-force-participation-rate

[Silurian]

1 hour ago, Lungstib said:

If you look at what is called the Labour Participation Rate for the US, something not easy to find because they always want you to see those created unemployment numbers, you will see nothing has changed for a few years but it has been better. https://tradingeconomics.com/united-states/labor-force-participation-rate

 

Less take home pay due to cut hours and more people working multiple jobs to make ends meet. Yeah, sounds like things are going great!

 

Looking under the hood of the jobs report shows it wasn't as good as it appeared

http://www.businessinsider.com/jobs-report-wasnt-as-good-as-it-looked-2018-2

 

Quote

A final statistic, often missed by analysts, gives further evidence of pain for workers. 7.8 million workers held multiple jobs last month, compared with 7.4 million a year earlier — a 4.7 percent jump that suggests that the weekly pay from a single job during 2017 and early 2018 was not sufficient to make a decent living.

 

[ilostmypassword]

6 hours ago, F4UCorsair said:

Blinded to reality by their hatred.

Lower corporate tax rates can only be good for any economy.

Sent from my [device_name] using http://Thailand Forum - Thaivisa mobile app
 

Thanks for the unsupported assertions.

[jcsmith]

On 2/25/2018 at 8:46 AM, Langsuan Man said:

Don't worry according to Republican orthodoxy it will all trickle down 

Except all the evidence points to the fact that it doesn't... unless you are counting pissing all over the common people a trickle down.

[spidermike007]

Just another example of the massive transfer of wealth, that the deflector in chief is engineering. He is continuing the trend, started by Reagan, Bush Sr., and continued by Clinton, Bush Jr. and Obama, of shrinking the middle class, and making sure that their quality of life is a pale shadow of it's former self. Only the top 10% benefit from this tax plan. Which is all of Trump's friends and cabinet members. 

 

Tiny DT- Continuing the trend of decreasing the quality of life, for the average America. Moving America backwards. Re-populating the swamp with his own brand of alligators and crocodiles. The art of I cannot make a deal to save my life!