(12-21-2017, 07:48 AM)The Real Marty Wrote:

(12-20-2017, 05:00 PM)flsprtsgod Wrote: And the trickle down begins:

https://www.cnbc.com/2017/12/20/tax-refo...oyees.html

The telecom giant said in a press release Wednesday that it would give more than 200,000 U.S. union members a special bonus of $1,000. The company also increased its capital expenditures budget by $1 billion in the U.S.

 I do believe trickle down economics has some validity, but when the government increases its borrowing in order to cut taxes and the tax cuts go partially towards bonuses for AT&T workers, is it not true that the money came from your and my pockets?   Money has been borrowed in your and my name, and the money has gone to pay bonuses to someone else.  Should I be happy about that?  

Is it not a bit of a con game?  Money cannot be conjured out of thin air.  We buy something on credit, and we think we're doing so much better than before, but are we really?  Sure we have more stuff, but we also have more debt.  The economy revs up, and the country goes deeper into debt.

I agree with you that spending in a major concern, but this particular plan should, should I say, generate enough new taxes from growth to cover the debt. They aren't borrowing to cover this tax cut, they're borrowing to cover the outlandish spending the government does. The idea that the government "pays" for a tax cut is silly, they pay for spending too much, not for taking in too little.

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