Shop Forum More Submit  Join Login
Trump's Tax Reform Trickles Down by BlameThe1st Trump's Tax Reform Trickles Down by BlameThe1st
Several U.S. companies are hiking pay and giving bonuses following Trump's tax reform, but do tell me how the wealth from tax cuts don't trickle down.
Add a Comment:
 
:iconichigoteguz:
ichigoteguz Featured By Owner Jul 5, 2018
As a former Wal-mart employee, at least in Wal-mart's case it was all smoke and mirrors, it never trickled down to the plain mortals at the bottom.
Reply
:iconvelvetkevorkian333:
VelvetKevorkian333 Featured By Owner Jun 15, 2018  Hobbyist General Artist
So they basically trickle down from the government level to the corporate level and then stop - because at the end of the day they are still corporations who only care about their own bottom line.



You really think these companies are going to let some of that extra money "trickle down" to their employees?  Doubt it.  They'll just pocket the extra money for themselves and hide it in offshore bank accounts because they are greedy.

Reply
:iconatlantahardcore:
1. This is one of the most blatant examples of the broken window fallacy I've ever seen.  It rivals the work of Paul Krugman.  With the possible exceptions of FedEx and Starbucks, all of those companies get huge kickbacks from the government either on the state or federal level.  Most of them couldn't even exist in their current form if not for the government making them artificially competitive by creating state-protected oligopolies for them through licensing (as in the case of the telecommunications and banking companies), direct subsidies — which are first taken out of the economy all together via taxation (as in the case of Boeing and pretty much any airline), or patents and copyrights (as in the case of Apple and Disney).  The state has suppressed competition by leveraging these companies against their respective markets.  Whatever economic trickle-down there is (i.e., what is seen) only exists within the listed companies and pales in comparison to the damage and deformation those companies and their state-conferred economic privileges do to the greater economy and the working class generally (i.e., what is not seen).

2. As usual, the tax "reform" doesn't reform very much.  Any tax reform that doesn't eliminate the income and estate taxes is bullshit, even by non-anarchist, non-libertarian standards.
Reply
:icondisgruntled001:
Disgruntled001 Featured By Owner Feb 7, 2018
I find it interesting that Comcast is on this list. Doesn't anyone else think it's ironic that a company with such terrible customer service also happens to have the best employee benefits?
Reply
:iconalex-the-artist01:
alex-the-artist01 Featured By Owner Feb 7, 2018  Hobbyist Traditional Artist
except some of those companies were already planning on raising pay regardless of the trump tax cuts passed or not. others are union negotiated pay raises which happened at the same time as tax reform came out and then there is a third set who are cutting hours and employees to pay for the pay raises.  

www.youtube.com/watch?v=xcnbTs…

www.youtube.com/watch?v=hZpQ2H…

www.youtube.com/watch?v=3uZDLA…
Reply
:iconlordmep:
lordmep Featured By Owner Feb 3, 2018  Hobbyist Writer
Home depot? Yay me!
Reply
:iconagnosticdragon:
AgnosticDragon Featured By Owner Feb 1, 2018  Hobbyist Writer
I would be interested to see numbers. There is only so much money to be given out, in tax breaks or in any other form, and I doubt that tax breaks for rich people are an efficient way of getting money to the rest of us. To be sure, some of it will trickle down.
Reply
:iconwilji1090:
wilji1090 Featured By Owner Jan 30, 2018  Hobbyist Artist
Now all the Administration needs to do is come up with a Universal Basic Income plan and watch the left lose their collectivist minds.
Reply
:icondruid69:
druid69 Featured By Owner Jan 30, 2018
R & B (Reagan and Bush the first)whined at the Japanese about giving us concessions, and, nothing came from it for the average voter at all. This new tax reform is massively better at freeing up actual money. Maybe its good, maybe the deficit that could result will be crippling. That will have to be seen from cumulative results after time goes by.

Plus a lot of what the tax reform is doing is being challenged in the SCOTUS as to its constitutionality.
Reply
:iconcenturion030:
Centurion030 Featured By Owner Jan 30, 2018
I am taking home an extra $1820/year - not counting my recent promotion.

The greatest impact is the corporate tax rate reduction.

As for the blue states that are suing? They don't make US tax policy.
Reply
:icondruid69:
druid69 Featured By Owner Jan 30, 2018
That doesn't make for any foreknowledge about the overall effects, however, do the math and even an estimate of proportions of corporate tax decrease versus increased taxes based on your own small increase will leave a huge increase in the deficit. 

Congress and the President have done their part, but, the states can object, and, have. How long have you been a sitting SCOTUS Justice again? Oh yeah, you haven't been one.
Reply
:iconcenturion030:
Centurion030 Featured By Owner Jan 30, 2018
Cut spending.
Reply
:icondruid69:
druid69 Featured By Owner Jan 30, 2018
The kind of spending cuts requested will end up before the SCOTUS if they get made. You need to see a real increase in jobs before you can cut the benefits requested, not to mention the expressed desire for Military increases. The SCOTUS has been surprising on many  of those types of judgements, almost against their supposed principles.
Reply
:iconcenturion030:
Centurion030 Featured By Owner Jan 30, 2018
Interesting, so states can sue the Federal Budget. Too bad about the blue states that are suffering - their scam is over now.

We can decrease military spending - pull back from Western Europe and pull out of NATO.

Are you an American?
Reply
:icondruid69:
druid69 Featured By Owner Jan 30, 2018
Well, certainly I was born in North America, however, I best identify as a citizen of the USA, which isn't based on a song about amber waves and false affection between co-members of the Republic. ;)
Reply
:iconcenturion030:
Centurion030 Featured By Owner Jan 30, 2018
So what do you politically identify as?
Reply
(1 Reply)
Flagged as Spam
:iconredamerican1945:
RedAmerican1945 Featured By Owner Jan 30, 2018
Clap  Bravo
Reply
Add a Comment:
 
×




Details

Submitted on
January 30
Image Size
283 KB
Resolution
624×592
Link
Thumb

Stats

Views
451
Favourites
18 (who?)
Comments
25
Downloads
1