Trump Tariffs = Tax Hike on all

[SDHornet]

For sure...
I believe the poor are falling behind in terms of actual money
but they are certainly supported by programs

it feels like we're drifting in the wrong direction to me and I don;t understand what the answer is
making rich people more rich isn't filtering down (at all)

Not sure what the answer is

I agree with you but I also have to ask how much of this is because of choices made by the poor? Do they value education as much as they did in the past? Where are they spending their disposable income? Are they investing it or spending it on material goods (iPhones, sneakers, electronics, nice cars, etc.) that depreciate rather than helping build wealth?

I don't know what the answer is either but I'm pretty sure that the gap isn't growing just because the wealth isn't trickling down.

Where the fuck have you been? Since when are the poor and other "disadvantaged" groups ever held accountable for their personal decisions?

[HI54UNI]

I agree with you but I also have to ask how much of this is because of choices made by the poor? Do they value education as much as they did in the past? Where are they spending their disposable income? Are they investing it or spending it on material goods (iPhones, sneakers, electronics, nice cars, etc.) that depreciate rather than helping build wealth?

I don't know what the answer is either but I'm pretty sure that the gap isn't growing just because the wealth isn't trickling down.

Where the fuck have you been? Since when are the poor and other "disadvantaged" groups ever held accountable for their personal decisions?

No shit.

True story - lady couldn't pay her utility bill. She's wearing a tank top and has a bandage/cover on her arm. Our billing clerk asks what she did to her arm. The gal pulls off the cover to show a new tattoo. "isn't it cool? It was only $400. Can I please set up a payment plan for my utility bill?" That's only one of the many stories I could tell.

[kalm]

Where the fuck have you been? Since when are the poor and other "disadvantaged" groups ever held accountable for their personal decisions?

No shit.

True story - lady couldn't pay her utility bill. She's wearing a tank top and has a bandage/cover on her arm. Our billing clerk asks what she did to her arm. The gal pulls off the cover to show a new tattoo. "isn't it cool? It was only $400. Can I please set up a payment plan for my utility bill?" That's only one of the many stories I could tell.

The pain is real!!!

[kalm]

For sure...
I believe the poor are falling behind in terms of actual money
but they are certainly supported by programs

it feels like we're drifting in the wrong direction to me and I don;t understand what the answer is
making rich people more rich isn't filtering down (at all)

Not sure what the answer is

In most cases, it takes money to make money. And much of the money is made from investments. I don't see any easy pathway to change that.

The thing about the wealthy is that they support a segment of the economy that can't be supported by lower income groups. Industries like boats, jewelry, high fashion, high end products such as liquor, limo service, fine restaurants, country club memberships, etc. That's a lot of jobs associated with these industries. Redistribution would significantly reduce the jobs in these areas that would not be made up in lower cost industries because of increased business from the former wealthy people.

The income numbers really need to separate out investment income. It's the apples compared to the oranges when discussing "fairness".

And, yeah, I don't have any answers for this either.

Sweet jesus!

[CAA Flagship]

In most cases, it takes money to make money. And much of the money is made from investments. I don't see any easy pathway to change that.

The thing about the wealthy is that they support a segment of the economy that can't be supported by lower income groups. Industries like boats, jewelry, high fashion, high end products such as liquor, limo service, fine restaurants, country club memberships, etc. That's a lot of jobs associated with these industries. Redistribution would significantly reduce the jobs in these areas that would not be made up in lower cost industries because of increased business from the former wealthy people.

The income numbers really need to separate out investment income. It's the apples compared to the oranges when discussing "fairness".

And, yeah, I don't have any answers for this either.

Sweet jesus!

Care to elaborate?

[UNI88]

Where the **** have you been? Since when are the poor and other "disadvantaged" groups ever held accountable for their personal decisions?

No ****.

True story - lady couldn't pay her utility bill. She's wearing a tank top and has a bandage/cover on her arm. Our billing clerk asks what she did to her arm. The gal pulls off the cover to show a new tattoo. "isn't it cool? It was only $400. Can I please set up a payment plan for my utility bill?" That's only one of the many stories I could tell.

So she voluntarily chose to "invest" in a tattoo rather than starting a rainy day fund or invest in the market. It isn't just Jamie Dimon & company's fault that she's living pay check to pay check.

Sent from my XT1650 using Tapatalk

[kalm]

Sweet jesus!

Care to elaborate?

Let’s start with there aren’t enough rolex sales to drive the economy.

It’s kind of like the idea that you cant raise taxes on the rich enough to truly lower the deficit.

[AZGrizFan]

Hey I enjoy that you think it's noble to defend those that couldn't give a flying fuck about you
I mean really - congratulations - you're doing the real work...

Defending the indefensible
and explaining the inexplicable

For those that would back their chauffeured Bugatti over your corpse
and laugh



BTW:
The girlfriend is going to take that directors position in Minneapolis

Congrats to the GF! Enjoy freezing your nuts off this winter.

Chizzy: Where could we move that has shittier weather than Seattle?
GF: (looks long and hard)….I know! Minneapolis, MN!!
Chizzy: PERFECT!!

[CAA Flagship]

Care to elaborate?

Let’s start with there aren’t enough rolex sales to drive the economy.

It’s kind of like the idea that you cant raise taxes on the rich enough to truly lower the deficit.

I'm talking about jobs. The upper class is a small group of people that, if income is redistributed, won't necessitate new jobs at places like Amazon and Walmart if they increased their shopping there.
What I'm saying is that the purchasing power of a small number of people help employ a large number of people.

What's the effect on the overall economy? I don't know.
What's the effect on the deficit? I don't know.
What's the effect on jobs? Fairly significant.

[Chizzang]

Let’s start with there aren’t enough rolex sales to drive the economy.

It’s kind of like the idea that you cant raise taxes on the rich enough to truly lower the deficit.

I'm talking about jobs. The upper class is a small group of people that, if income is redistributed, won't necessitate new jobs at places like Amazon and Walmart if they increased their shopping there.
What I'm saying is that the purchasing power of a small number of people help employ a large number of people.

What's the effect on the overall economy? I don't know.
What's the effect on the deficit? I don't know.
What's the effect on jobs? Fairly significant.

Okay, ground rules first
kalm lets not bring the deficit into this because neither party cares about the deficit

[Ibanez]

I'm talking about jobs. The upper class is a small group of people that, if income is redistributed, won't necessitate new jobs at places like Amazon and Walmart if they increased their shopping there.
What I'm saying is that the purchasing power of a small number of people help employ a large number of people.

What's the effect on the overall economy? I don't know.
What's the effect on the deficit? I don't know.
What's the effect on jobs? Fairly significant.

Okay, ground rules first
kalm lets not bring the deficit into this because neither party cares about the deficit

WHAT!????????

Larry Kudlow, President Donald Trump's top economic advisor, said Friday that "the deficit" is "coming down, and it’s coming down rapidly," appearing to contradict both the Treasury Department's official figures and government estimates about the trajectory of U.S. budget deficits.

https://www.cnbc.com/2018/06/29/larry-k ... dence.html

https://bipartisanpolicy.org/report/deficit-tracker/





America elected a man that said debt was good. Are we going to really be surprised when we see the deficit and national debt increase?

[ALPHAGRIZ1]

I agree with you but I also have to ask how much of this is because of choices made by the poor? Do they value education as much as they did in the past? Where are they spending their disposable income? Are they investing it or spending it on material goods (iPhones, sneakers, electronics, nice cars, etc.) that depreciate rather than helping build wealth?

I don't know what the answer is either but I'm pretty sure that the gap isn't growing just because the wealth isn't trickling down.

Where the fuck have you been? Since when are the poor and other "disadvantaged" groups ever held accountable for their personal decisions?

Ummm never?

Sent from my SM-G975F using Tapatalk

[kalm]

Let’s start with there aren’t enough rolex sales to drive the economy.

It’s kind of like the idea that you cant raise taxes on the rich enough to truly lower the deficit.

I'm talking about jobs. The upper class is a small group of people that, if income is redistributed, won't necessitate new jobs at places like Amazon and Walmart if they increased their shopping there.
What I'm saying is that the purchasing power of a small number of people help employ a large number of people.

What's the effect on the overall economy? I don't know.
What's the effect on the deficit? I don't know.
What's the effect on jobs? Fairly significant.

Huh?

You think employment is driven by rich people’s spending?

The purchasing power of a large middle class employs a large amount of people. The rich can’t own enough yachts vacation homes.

Unemployment was real low during slavery and feudalism too..

Double Sweet Jesus!

[Chizzang]

I'm talking about jobs. The upper class is a small group of people that, if income is redistributed, won't necessitate new jobs at places like Amazon and Walmart if they increased their shopping there.
What I'm saying is that the purchasing power of a small number of people help employ a large number of people.

What's the effect on the overall economy? I don't know.
What's the effect on the deficit? I don't know.
What's the effect on jobs? Fairly significant.

Huh?

You think employment is driven by rich people’s spending?

The purchasing power of a large middle class employs a large amount of people. The rich can’t own enough yachts vacation homes.

Unemployment was real low during slavery and feudalism too..

Double Sweet Jesus!

He's just making stuff up... because it sounds cool to Republicans
These are the guys that do all the fighting and lip service for the 0.1%

It's a kind of economic stockholm syndrome

[AZGrizFan]

Huh?

You think employment is driven by rich people’s spending?

The purchasing power of a large middle class employs a large amount of people. The rich can’t own enough yachts vacation homes.

Unemployment was real low during slavery and feudalism too..

Double Sweet Jesus!

He's just making stuff up... because it sounds cool to Republicans
These are the guys that do all the fighting and lip service for the 0.1%

It's a kind of economic stockholm syndrome

Is it still Stockholm Syndrome if I AM the 0.1%?

[kalm]

He's just making stuff up... because it sounds cool to Republicans
These are the guys that do all the fighting and lip service for the 0.1%

It's a kind of economic stockholm syndrome

Is it still Stockholm Syndrome if I AM the 0.1%?

No, that would just make you a well to do captor.

[Col Hogan]

'Brutal consequences': Ansell warns China over exodus of manufacturers

Ansell chief executive Magnus Nicolin has warned China of "brutal" consequences as manufacturers leave the country over rising costs and fears at the escalation in trade war with Donald Trump.

"So many manufacturers are moving out of China at breakneck speed. You don't see it in the China-reported GDP growth numbers yet. I suspect that sooner or later it will be visible," Mr Nicolin said.

https://www.smh.com.au/business/compani ... 52gat.html

The Aussie CEO predicts that things will get real bad for the Chinese economy soon...

Mr Nicolin said while Ansell had moved some production out of China "mostly because of (the) trade war, it probably would have happened anyway, because China is frankly a very expensive place to produce in these days. So we can produce a product at 20-30 per cent lower cost in Vietnam or Sri Lanka."

[AZGrizFan]

Is it still Stockholm Syndrome if I AM the 0.1%?

No, that would just make you a well to do captor.

Captor of whom?

[kalm]

No, that would just make you a well to do captor.

Captor of whom?

Flashy...duh.

[AZGrizFan]

Captor of whom?

Flashy...duh.

Flashy who?

[GannonFan]

'Brutal consequences': Ansell warns China over exodus of manufacturers

Ansell chief executive Magnus Nicolin has warned China of "brutal" consequences as manufacturers leave the country over rising costs and fears at the escalation in trade war with Donald Trump.

"So many manufacturers are moving out of China at breakneck speed. You don't see it in the China-reported GDP growth numbers yet. I suspect that sooner or later it will be visible," Mr Nicolin said.

https://www.smh.com.au/business/compani ... 52gat.html

The Aussie CEO predicts that things will get real bad for the Chinese economy soon...

Mr Nicolin said while Ansell had moved some production out of China "mostly because of (the) trade war, it probably would have happened anyway, because China is frankly a very expensive place to produce in these days. So we can produce a product at 20-30 per cent lower cost in Vietnam or Sri Lanka."

That's been happening. China hasn't been the low cost manufacturer for years now, and they've lost out to Vietnam and the likes. That's partly why they've taken a different political tone lately and turned to the Silk Road concept - if you can't beat them, bind them to you via force and debt while pumping up nationalism internally. I'm sure some could argue that's the way we've operated for the past century.

[CAA Flagship]

I'm talking about jobs. The upper class is a small group of people that, if income is redistributed, won't necessitate new jobs at places like Amazon and Walmart if they increased their shopping there.
What I'm saying is that the purchasing power of a small number of people help employ a large number of people.

What's the effect on the overall economy? I don't know.
What's the effect on the deficit? I don't know.
What's the effect on jobs? Fairly significant.

Huh?

You think employment is driven by rich people’s spending?

The purchasing power of a large middle class employs a large amount of people. The rich can’t own enough yachts vacation homes.

Unemployment was real low during slavery and feudalism too..

Double Sweet Jesus!

Digest this a bit
https://www.statista.com/statistics/240 ... in-the-us/

And this
http://www.idexonline.com/FullArticle?Id=32472

[Skjellyfetti]

'Brutal consequences': Ansell warns China over exodus of manufacturers

Ansell chief executive Magnus Nicolin has warned China of "brutal" consequences as manufacturers leave the country over rising costs and fears at the escalation in trade war with Donald Trump.

"So many manufacturers are moving out of China at breakneck speed. You don't see it in the China-reported GDP growth numbers yet. I suspect that sooner or later it will be visible," Mr Nicolin said.

https://www.smh.com.au/business/compani ... 52gat.html

The Aussie CEO predicts that things will get real bad for the Chinese economy soon...

Mr Nicolin said while Ansell had moved some production out of China "mostly because of (the) trade war, it probably would have happened anyway, because China is frankly a very expensive place to produce in these days. So we can produce a product at 20-30 per cent lower cost in Vietnam or Sri Lanka."

And, we'll get a lesson in just how global the economy is.

[CID1990]

'Brutal consequences': Ansell warns China over exodus of manufacturers



https://www.smh.com.au/business/compani ... 52gat.html

The Aussie CEO predicts that things will get real bad for the Chinese economy soon...

That's been happening. China hasn't been the low cost manufacturer for years now, and they've lost out to Vietnam and the likes. That's partly why they've taken a different political tone lately and turned to the Silk Road concept - if you can't beat them, bind them to you via force and debt while pumping up nationalism internally. I'm sure some could argue that's the way we've operated for the past century.

Some if the exodus has been by design (China’s design)

They have been moving away from rubber dog sh1t for a while now. Tech transfer requirements in their manufacturing leases are geared specifically to giving them a quick catch-up in high tech manufacturing


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[Chizzang]

He's just making stuff up... because it sounds cool to Republicans
These are the guys that do all the fighting and lip service for the 0.1%

It's a kind of economic stockholm syndrome

Is it still Stockholm Syndrome if I AM the 0.1%?

No...
You're fucking upper middle and pipe dreaming