How do you plan on dealing with our economy when those with capital take it overseas? This has been tried elsewhere, it doesn't work and in the end we are reduced to eating rabbits like Venezuela.

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“When I walked in this morning, and saw the flag was at half mast, I thought 'alright another bureaucrat ate it.'" - Ron Swanson

"Trickle down" is really just an explanation for why you're cutting tax rates for the rich.

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Freedom is our Strength.

I'm not sure what you're talking about.

Just because a class system exists doesn't mean its good for the bottom.

It pretty much depends on the theory that if you cut taxes for the wealthy, they will spend more, invest/innovate more and a lot of that will benefit the bottom.

I think most economic experts conclude it does not work.

Set the corporate rate where ever you want to, MANY corps will continue to pay little or $0 in taxes here.

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Well to do that legally in my plan they would have to renounce their citizenship. Like I said GTFO.

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Reality is your friend, not your enemy. -- Seacrest

Right, but if you draw that out, it’s really just an explanation of Capitalism. Lowering tax rates is just changing them from a rate that existed before but may or may not have been right. If we taxed the wealthy at 99% and I wanted to lower it to 95, does that mean I believe in trickle down economics?

My point is that if we didn’t believe in trickle down economics at least slightly, we’d have 100% tax rate and just redistribute all wealth.

I believe a more appropriate question would be “what do you think tax rates should be?”

Plus I just like to argue.

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The old Double Irish!

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Freedom is our Strength.

Well, of course it works to some extent. If it didn’t, then you’re arguing in favor of Communism. That’s fine if you are. I just thought your question was poorly worded. So fuck you!

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Here is the thing, they would, and with that goes their capital. Seriously, this has been tried. See USSR, Cuba, Venezuela... Do you want me to continue?

You would literally force the Mark Zuckerbergs of the world to move to other places (perhaps Israel in his case) and they would just have their tech start-ups based there. Billions if not trillions of dollars would literally exit the US economy.

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“When I walked in this morning, and saw the flag was at half mast, I thought 'alright another bureaucrat ate it.'" - Ron Swanson

First, this bill Is mainly a tax cut for C-Corps. If you want to call C-Corps rich people, well fine then. But C-Corps are owned by all of us. The bill does not cut marginal rates for millionaires.

The term trickle down is loaded politically. I don't believe in trickle in the way you're probably thinking about it. At the end of the day, trickle down is this idea that taxes cuts will pay for themselves. I don't believe that.

I am simply saying that all else being equal, lower corporate tax rates will allow for more corporate investment. The only way it won't is if the economy is capital constrained and does not have excess capital to invest. In fact, the exact opposite is the case where we are awash in capital seeking good returns. It is probably an ideal time to cut the corporate rate in tandem with the territorial system that will allow companies to bring trillions back to the U.S.

Did I answer your question? Not trying to dodge it.

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Hawaii (fuck) You

I believe it was Double Dutch or Irish Sandwich. But who can keep track?

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Hawaii (fuck) You

Mark Zuckerberg---HE GONE! I'll drive him to the airport.

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Reality is your friend, not your enemy. -- Seacrest

I'm pretty sure Google has a shell company in the Netherlands. I think it's a Dutch Sandwich.

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Freedom is our Strength.

That may be it!

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Hawaii (fuck) You

If he hates walls so much why does he have one around his house?

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Freedom is our Strength.

Facebook has 17,000 employees, mostly high paid. Enter Bernstein voice, "CREATE MORE HIGH PAYING JOBS IN AMERICA." "SEND MARK TO THE MOON! HATCH IS DRIVING HIM TO THE KENNDEY SPACE CENTER."

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Hawaii (fuck) You

Once again, what's your plan for the US economy when trillions of dollars worth of capital pick up and leave? Also what's your plan when all of the VC's decide to no longer invest in tech start-ups here?

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“When I walked in this morning, and saw the flag was at half mast, I thought 'alright another bureaucrat ate it.'" - Ron Swanson

16,900 of them will stay here and create some copy cat version of it. If they could be hiring Indians for $2/day they'd be doing it already.

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Reality is your friend, not your enemy. -- Seacrest

I doubt you would easily be able to supplant an existing social network where people have 10+ years worth of their life and pictures uploaded to.

Literally, no VC would invest in any US company if it is known their earnings are capped via the tax you propose. All of that VC money would go elsehwere, as would existing companies.

In the world of tech and web start-ups, there is no barrier to prevent someone from going overseas and launching in the US market.

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“When I walked in this morning, and saw the flag was at half mast, I thought 'alright another bureaucrat ate it.'" - Ron Swanson

You have a very jaded view of the world. You realize we have 4% unemployment and one of the highest per capita GDP's in the world. Our country has 4% of the world's population and over 20% of global GDP. India and China wish they were us. Europe bemoans how our multinational dominate global trade. Everyone wishes they had the start-up machine that is Silicone Valley. Everyone wishes they had our deep and efficient capital markets to finance businesses.

Why not make this great economic engine even better? Why even give them a chance to catch-up?

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Hawaii (fuck) You

Maybe you should shuddup. Zuckerberg has a multi-racial family. Hence, he is good.

Agree with a lot of that except the unemployment numbahs....

You're confused or I'm confused and not understanding what you're saying. This is specifically about tax cuts to one specific group and how it affects the rest.

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Elections have consequences.

Yes, and I agree with the bolded.

talk about drama queens. 13% tax increase on income over $1MM and the whole country's going to fall apart.

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Reality is your friend, not your enemy. -- Seacrest

While this is not a perfect analogy, that is like saying that McDonalds should solve their financial issues by doubling the cost of their hamburgers. We saw what really high corporate tax rates did. They sent American companies overseas to avoid them.

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You do not talk to me like that! I work too hard to deal with this stuff! I work too hard! I'm an important member of the CSFMB! I drive a Dodge Stratus!

I'm not talking about corporate rates.

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Reality is your friend, not your enemy. -- Seacrest

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Good people drink good beer - Hunter S. Thompson

<º)))><

Waiting for the time when I can finally say
That this has all been wonderful, but now I'm on my way

Your original question asked Denis if he "believed in trickle down economics". I guess my point is that, even though you didn't intent it to be, it's kind of a loaded question that can't be answered.

"Trickle Down Economics", to my knowledge, is the belief that tax cuts to businesses and wealthier individuals will ultimately benefit the poor. So, my problem with the way you worded it is that it's very vague. Are you asking if he believes in "Trickle Down Economics" right now? If so, it would just be better to ask him if he thinks taxes should be lowered, and if so, what ones. If the tax rate on businesses was 99%, I'm pretty sure you would "believe" in trickle down economics too because we would have no businesses in existence. But I'm assuming that you don't consider yourself a fan of trickle down economics because you believe the current tax rates are sufficient, or perhaps you even think some of them should be raised. The current tax rates are arbitrary. They're not a magical, "right" number, so an individual could believe that lowering them would stimulate the economy and benefit everyone without necessarily being some sort of economic Libertarian or fan of trickle down economics.

My point about Communism is that if you extent out what "trickle down economics" really is (tax cuts for businesses/wealthy), it's really just capitalism. What does "tax cuts" really mean? It means lowering taxes from the current arbitrary number that we've assigned previously. And we live in a Capitalistic country in which we allow free markets. If we didn't all believe in "trickle down economics" at least a little bit, we would just raise taxes to 100% and eliminate free markets.

Overall, my point is essentially what Dennis pointed out. "Trickle down economics" is a politically charged term (on both sides) that is usually misrepresented and isn't really specific about what it means. I just thought a better question would be "what do you think tax rates ought to be?"

What were we arguing about?

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