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Thread: Trumps tax cut will not help main street

  1. #1

    Default Trumps tax cut will not help main street

    Debt is climbing higher and higher. As interest rates rise it will pile on more debt. Rising health care, Utilities, Schooling , Property taxes and whole list of other things the tax cut will not help main street. JMHO


    Its basically like pissing in the ocean......
    Last edited by Silver and Gold; 02-01-2018 at 09:20 AM.

  2. #2

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    Lowes and others are basically throwing the dogs a bone as they will reap the benefit of the cuts. An unhappy dog can turn on its owner.



    Lowe's bonuses: Here's what employees will receive
    Lowe's is giving more than 260,000 hourly employees a one-time bonus of up to $1,000 due to new tax legislation.
    The bonuses are determined on a sliding scale based on a worker's length of service.



    Home Depot bonuses: Here's what workers will receive
    Home Depot's bonus payments will be determined based on a person's length of service, similar to Walmart's strategy.
    The payouts range from $200 at minimum to up to $1,000 for all hourly employees in the U.S.
    Home Depot joins a growing list of corporations using new tax benefits to invest in their workers.
    Last edited by Silver and Gold; 02-01-2018 at 09:27 AM.

  3. #3

    Default

    Quote Originally Posted by Silver and Gold View Post
    Debt is climbing higher and higher. As interest rates rise it will pile on more debt. Rising health care, Utilities, Schooling , Property taxes and whole list of other things the tax cut will not help main street. JMHO


    Its basically like pissing in the ocean......
    For the good people who say no to debt -- higher interest rates and any tax cut will help. For the debt addicts -- I do hope a lesson is learned. Also do consider: with higher interest rates, people will not be able to borrow as much -- and that can actually lower debt over the long term, not grow it. And with less ability to take on debt, the cost of expensive items, such as housing, can go down. However, so much is fluff -- need to see for myself just how much these tax cuts will lesson the coerced theft of wealth -- but probably won't know till October 2019.
    Last edited by motocat; 02-02-2018 at 03:27 AM.
    “Of all the contrivances for cheating the laboring class of mankind, none has been more effective than that which deludes them with paper money.”Daniel Webster (1782-1852)

  4. #4

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    Tax break means nothing for main street. They took it back plus more. Too funny. They don't give something for nothing.

    Stocks down
    Metals down
    Bitcoin down
    Last edited by Silver and Gold; 02-02-2018 at 01:20 PM.

  5. #5

    Default

    ^^^^^

    Not main st.....
    What's the Frequency, Kenneth?

    432Hz

  6. #6

    Default

    This is what I mean...LOL



    Paul Ryan Deletes Tweet Lauding a $1.50 Benefit From the New Tax Law


    “A secretary at a public high school in Lancaster, Pennsylvania, said she was pleasantly surprised her pay went up $1.50 a week ... she said [that] will more than cover her Costco membership for the year,” Mr. Ryan posted on Twitter, sharing an Associated Press report about paycheck increases under the $1.5 trillion tax overhaul.



    https://www.nytimes.com/2018/02/03/u...yan-tweet.html

  7. #7

    Default

    As long as the self employed and working poor and their employers are taxed off the top, 15% plus compliance for any income above $350 a year....yes like pissing in the ocean.
    Small business is the incubator of employment. As it declines, so too do opportunities for first jobs, second chances and economic independence.

  8. #8
    Join Date
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    13,312

    Default

    To "live" is to belong to groups - family, neighbors, villages, towns, counties, states, nations and, like our former president - to be a citizen of the world.

    And as such, things change (always) ---> moving in one direction - never to go back (as a coherent civilization).

    And we've gone from more authoritative smaller groups to less authoritative bigger groups. We've replace small groups with tight cultural social moral foundations to broader groups with competing social moral foundations. All for personal liberty while asking to protect that liberty with law and regulation. - go figure?

    If we measure it all by the facts that we live longer and have more chances to live better (health and safety-wise) I guess it all makes sense and is worth it.

    But is that not a personal "self-centered" view? What about our children and grand children. Will they be able to say and feel the same?

    We're all doing great!..........as long as we...

    1. Have little to no debt or are able to finance debt via the "Carry-Trade".
    2. Don't have to pay for higher education.
    3. Don't need to commit to a 72 month auto lease or Variable Rate Mortgage.
    4. Don't get sick.
    5. Don't have to go to the dentist.
    6. Don't eat fresh Organic (See point 4 if we don't)
    7. Have employment that is NOT in the Service, Healthcare or Service sectors.
    8. Live in a fairly safe neighborhood with decent schools.
    9. Don't feel we need some type of Drug to get by.
    10. As long as those with access to the FED window and the rest of the global investment community can hang in there together as glue and give up our nation-state primacy to those who are seizing more bureaucratic power to manage all this.
    Who are the righteous? ....Markpti

    What value did Burisma think to gain by hiring Hunter Biden as a Board member vs ALL other choices?

    Those who cannot articulate the other argument do not fully understand their own argument.

    "Much can be done by wise legislation and by resolute enforcement of the law. But still much more must be done
    by steady training of the individual - in conscience and character...." .......T. Roosevelt

  9. #9

    Default

    The cut DID drive the gentry from the tax-and-defer-to-the-U.S.-taxpayer states a little bit crazier.

    I like that part!

  10. #10

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    This is going to sound weird, but I read every post on this thread and didn't understand most of what you all even wrote. And that's not because I don't know the topic well, it's just most of the posts on this thread were basically incoherent.

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