(08-08-2018, 10:46 PM)mikesez Wrote:

(08-08-2018, 07:14 PM)jj82284 Wrote: Lol.  You can't refute my foundational points and "I" haven't "challenged" myself enough.  Lol.

I can refute, I just won't.  It wouldn't change your mind. Instead, I gave you a thought experiment that probably also won't change your mind but seems to have a better chance, if you put the energy into doing it.

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(08-08-2018, 08:38 PM)jagibelieve Wrote: All I know is thanks to the tax cuts I get a 5% raise.  I know that 5% is considered "crumbs" to liberals, but for me it's a significant amount.  A 5% raise on my gross pay combined with the lower tax rate gives me a really good amount on my take-home pay.  Oh, and by the way I'm not one of the "evil rich 1%".  I'm a "working man" getting paid hourly.  I'll take that any day.

In contrast, I went over 5 years without a pay raise under the former administration and had to pay a higher tax rate.  Go figure.

How did the tax cut cause you to get a raise? Your boss decided to give you a raise and told you the tax cut was his reason, or was it something else?

So let me understand this correctly....  I respond to you in good faith with a reasoned fiscal analysis of our current debt structure vs. The post wwii 40's and you're response is "well I could refute your logic but your too lazy and closed minded to understand."  Lol.  

And by the way.  Your initial depiction of tax reform was not only wrong (lower income tax rates inherently create incentives to take risk & disincentive for tax avoidance behavior) it was also foundationally inaccurate. In addition to cutting individual tax rates we also cut corporate tax rates and the repatriation rate.  Repatriation formerly saw 35% of foreign profits taken when the money is brought back into the state's as such very little is ever transferred for domestic investment.  When the rate is lowered there is inevitably an influx of both capital and tax revenue from activity that would not have otherwise taken place.  With corporate tax rates companies have a lot more money on hand and greater incentive to take risk and invest.  Couple those two and you have a lot more capital chasing labor (currently more jobs available than job seekers) putting upward pressure in the labor market because of the need for employers to retain the employees they value in a competitive market.  And yes, a lot of ceos even come on the left acknowledge that a significant amount of new hiring, bonuses, and domestic infrastructure investments were spurred by tax reform.  

But what do I know, I'm just some lazy kid whose dog ate his homework right?  

Speaking of... I remember someone alluded to a lot of personal math they had done on their lunchbreak about making entitlements solvent. Pleases feel free to present it to the class whenever ur ready. Oh and don't forget to drop your resumee at the congressional budget office, they're just dying to hear from (insert Mike drop emoji)

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