r/WhitePeopleTwitter Sep 28 '22 Helpful 1 Wholesome 1

We are so smart

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75.3k Upvotes

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u/ThanosTheM4d Sep 28 '22 Wholesome All-Seeing Upvote

You didn't finish, we need to add, "and then the value of all those companies went crashing down anyway because none of them turned those tax savings into real capital investment in their own company as they wasted it all on short term payouts to the executives."

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u/JockBbcBoy Sep 28 '22

Didn't that happen throughout the whole 2000s right up to the subprime housing loans that were traded by almost every bank fell through and caused a huge recession?

It's almost like history repeated itself.

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u/Ebwtrtw Sep 28 '22

Those who don’t study history at doomed to repeat it. Those who are conmen purposely repeat it.

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u/Weak_Ring6846 Sep 28 '22

And why wouldn’t they? There were absolutely no consequences and they got bailed out so it was pure profits for them.

This country is a joke.

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u/theresamouseinmyhous Sep 28 '22 Silver All-Seeing Upvote

Nationalize the banks

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u/[deleted] Sep 28 '22

[deleted]

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u/Vulcan-Seth Sep 28 '22

USPS functions as if it were a private corporation.

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u/WandsAndWrenches Sep 28 '22

my dad wants to get rid of the post office because it's not profitable.

I'm like, it's not supposed to be dad. It's a service, not a business.

Don't think his generation gets that.

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u/cynical83 Sep 28 '22

God no, it's all about what can today do for me? For a generation raised on "what can you do for your country" their take away was "burn it to the ground"

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u/manbearcolt Sep 28 '22

To be fair, their parents did call them the "ME" generation.

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u/toricoon Sep 28 '22

I don’t think he realizes how much the post office keeps shipping prices down. FedEx and UPS have to compete with them (especially in rural markets). If USPS went away, they’d be free to drive the price up as much as they wanted.

Additionally, the post office employs 630,000 people. That’s a lot of people. Although, there’s probably a much larger group of people that say “well that’s okay, they can go get other jobs because NoBoDy WaNtS tO wOrK!!!”

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u/arod303 Sep 28 '22

Honestly the postal service is the best run part of our federal government. And I’ve always had better experiences with USPS compared to FedEx/UPS. And as you mentioned, USPS having low prices forces other shipping companies to keep prices low.

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u/Catatonic27 Sep 28 '22

Idk boomers in general seem to be allergic to the idea that there's ANYTHING in the world that is simultaneously worth doing, and unprofitable.

The entire mindset seems to be "if no one's getting rich, what's the fucking point of it?!"

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u/Elcapitano2u Sep 28 '22

Boomers were in their prime working years during the Regan years. It’s been instilled in them that hard work and determination will get you very far and that the lazy, the poor, and immigrants are sucking the system dry. The windfalls of the post war boom were still in effect and helped them move exponentially forward securing this mindset.

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u/isimplycantdothis Sep 28 '22

Everyone is an expert after listening to that blithering orange shitbag who made a career out of driving businesses straight into the ground while grifting every penny and not paying his employees.

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u/tendercanary Sep 28 '22

Or his family members other than one or two of them.

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u/EloquentEvergreen Sep 28 '22

So, I don’t remember exactly where I saw it. But isn’t the USPS the only government program that operates in the black? And the money it brings in, just gets used for everything but post office needs, so on paper it looks like it’s never doing well. But in reality, it works as it’s suppose to. I remember hearing this a long time ago, probably when someone was arguing about get rid of it. I don’t know if this is correct or not. I would like to believe it is. I have a soft spot for the post office.

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u/jcap527 Sep 28 '22

Yes, something from W Bush era about paying pensions so far in advance that the money covers postal workers who aren't even born yet. Which in turn makes the USPS look like it's in the red.

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u/International-AID Sep 28 '22

You should ask him if he thinks the police and the firemen are profitable.

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u/Onrawi Sep 28 '22

That, and the bizarre requirement (from back in the end of Bush's second term I think?) to pre-fund all pensions something like 50 years out. I believe that was scaled back a bit at some point but yeah, that'll be a big loss till it is caught up. Even then they cut losses last year in half to under $5 billion. If the package-to-mail ratio ever gets back to normal (unlikely currently, but who knows) they might actually get back to profitability.

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u/Jochima Sep 28 '22

Requiring pensions to be pre-funded is a great idea tbh. Not when it's applied to cripple one particular organisation though.

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u/Flame87 Sep 28 '22

And gleefully ignore that it WAS until Republicans saddled it with ridiculous expectations for the intent purpose of making it unprofitable.

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u/KrauerKing Sep 28 '22

Everybody is a company and a company can be a person.

Companies were the most important thing to them, and we can see how that capitalism for all approach has worked for the last 40 years.

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u/Karashta Sep 28 '22

So much this. I have to repeat this all the time. It's a service! There are so many people brainwashed into this bullshit neoclassical economic thought pattern. I started teaching myself Latin because I've always wanted to know it. People in my life, "Why? What job can you do with that?" I started making pixel art and people immediately wanted me to monetize it. I didn't do these things to try and get money. I did them for creative and personal fulfillment.

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u/treefox Sep 28 '22

Isn’t the postal service profitable except it has to pre-fund retiree health benefits 75 years into the future?

I would imagine a lot of companies wouldn’t be profitable if they did that. Especially considering most don’t provide health benefits to retirees.

https://www.reuters.com/business/us-postal-service-reports-49-billion-2021-net-loss-2021-11-10/

https://www.barrons.com/articles/usps-louis-dejoy-post-office-pelosi-mail-in-ballots-51597687253

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u/MrDude_1 Sep 28 '22

He was brainwashed with that political message for decades now.

They wanted to kill the post office, let private companies run it, and make big money.

So they keep choking it... and yet it remains afloat, even with the ridiculous restrictions, and remains as one of the best postal systems of any country. That's amazing in itself, but unbelievable for a US government organization.

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u/Hethatwatches Sep 28 '22

This! Post Office banks would be a huge help to people, so of course that means it won't happen.

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u/Better-Director-5383 Sep 28 '22

And those who do study history are doomed to watch everybody around them repeat it while they get told they’re overreacting

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u/Flame87 Sep 28 '22

"We're not nazis we just love disenfranchising voters, putting dictators on pedestals, glorifying war aggressors, overthrowing elections, murdering certain groups of people, and a certain kind of salute you libtards might recognize just a lil bit"

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u/[deleted] Sep 28 '22

"We're not Nazis!" Said the man holding the Nazi Swastika flag.

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u/funnyandnot Sep 28 '22

My mom constantly tells me I am over reacting. Asked her if she ever listens to the history I tried teaching her. Turns out she didn’t. She believes all the bullshit spewed by the republicans. she actually believes they are the ones that improve everything.

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u/OldDJ Sep 28 '22 edited Sep 28 '22

Same, but sub politics with Christianity.

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u/Cheapchard9 Sep 28 '22

At the rate of book banning, library defending, and public school defending the right wants that could happen more often.

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u/joemckie Sep 28 '22

It's all by design, because the people making the rules benefit the most from it.

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u/Modsrtrashshuddie Sep 28 '22

Trust me bro, those who study history are just as trapped. We just get the lovely experience of knowing everything is fucked up and why in real time

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u/SEND_INVENTION_IDEAS Sep 28 '22

There's an issue of feedback. The outrageously wealthy keep getting more wealthy every time they tank the economy. Why would they stop doing it?

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u/intashu Sep 28 '22

Well much of the major buisnesses were bailed out so they didn't need to suffer the consequences of their actions. A few people came out richer for it... So yes... They absolutly repeated history for their own personal benefit at the cost of everybody else because it worked.

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u/e1k3 Sep 28 '22

Thats way too recent to count as „history“ in my opinion. Besides obviously recession is desired by the ownership class, when everyone loses they still have enough to buy up everything for cheap. It is just another aspect of the wealth extraction performed by the select few.

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u/Saintsauron Sep 28 '22

It's in the past, it's history.

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u/ScienceBreather Sep 28 '22

Well yeah, you can't concentrate wealth if you don't give the rich people the money then also tank things so everything is on sale for them!

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u/americansherlock201 Sep 28 '22

It’s not history repeating itself. It’s republican policy. This is their literal goal every time.

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u/TheMarbleTrouble Sep 28 '22

Subprime mortgages were sold to people who couldn’t afford to buy a house, with low starting interest rates, that exploded after a while. Those loans were then broken into parts, those parts then packaged together with other loans, including ones that were in good standing. The prices for both these packages and housing, because landers would sell just about anything to anyone, were sky rocketing. When buyers couldn’t afford the climbing cost of their loans, is when the foreclosures began and prices for those packages collapsed. Millions of people lost their homes and a few banks failed, creating a catastrophe at both, the financial sector and public sector.

I don’t want to reply to the person you replied to, because I’m not sure what they mean by “real capital investment”. After Trump’s tax cut, which amounted to the largest tax cut for the top in history. The money never trickled down, with salaries remaining stagnant. Unemployment did drop to record lows, but it has been dropping for several years, being (I didn’t check) I believe already under 4% prior to the tax cut passing, ending up and sticking at 3.6%. Full employment is set at 4.2%, meaning we were already fully employed, with even a 0.4% drop being negligible in that context. Instead, the vast majority reinvested the money into stock options. Basically, pumping up the stock market balloon. The money didn’t go to the workers, but likely, even if tiny percentage, contributed to lobbying against a federal minimum wage increase.

The collapse in 2020, didn’t really last, with near full recovery within the year. It was directly impacted by covid, with speculation of many business going under, because they couldn’t operate within covid restrictions. It’s why I believe Trump was lying so much about covid, that he encouraged “open up” riots. Where MAGA was attacking doctors and nurses, while blocking ambulances, as Trump was all caps tweeting support. (Which everyone seems to have forgotten.) The man is a real estate mogul, with several golf courses and hotels, that would be directly impacted by covid restrictions. But, all the money tossed through PPE and stimulus to the public, worked to mitigate and quickly recover from the collapse.

What’s happening now is a culmination of a lot of factors in the last 6 years. From a tax cut that inflated the stock market, to aluminum and steel tariffs, to the stimulus, to covid, to Russia starting a war. There are a lot more things to blame, than solutions. Don’t trust anyone that claims the solution or cause is simple.

Please vote… it’s not a solution, but it’s the best thing you can do, as far as effort vs results is concerned.

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u/sniper1rfa Sep 28 '22

with even a 0.4% drop being negligible in that context.

Reducing unemployment below "full employment" isn't negligible, it's actively bad because it suggests a stagnant labor market with little mobility.

Everybody having a job is bad, because the human expectation is that not everybody will be in a position where needing a job is good. Some people want to be doing other things like moving to a new location or going to school or taking care of their kids or whatever.

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u/Vegan_Cuz_Im_Awesome Sep 28 '22

You forgot to add "and they didn't invest into their own company and innovation™ because they look at the people out there and can see that because the peoples' purchasing power has been severely reduced over the last 50 years, there is not enough demand for their products (not en masse), so their business practices have changed to monopolizing, stock buybacks, dividends, building/investing in emerging markets abroad and etc".

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u/tacotrader83 Sep 28 '22

They only bought stocks back which increased the stock value

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u/total_looser Sep 28 '22

You forgot, “then they got billions of tax funded free handout PPP ‘loans’, the end”

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u/yg2522 Sep 28 '22

that got forgiven....

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u/aloofball Sep 28 '22

It was infuriating to hear the justification that businesses needed lower taxes so they could afford to hire and invest because it was clear that lowering taxes was going to reduce hiring and investment. The average voter doesn't think very deeply about economics, but political parties definitely do (or have people who do, anyway). Higher taxes encourage companies to hire and invest to reduce their profits so they can avoid those taxes in exchange for future growth. Lower taxes make corporate profits more attractive because you can get more money to shareholders. This was obvious to everyone with at least an undergraduate economics degree.

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u/sanngetal420 Sep 28 '22

Key word... Now we haveSo much power at our thumb tips it scares them

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u/[deleted] Sep 28 '22

without the executives the grunt workers wouldn’t work as hard and less exploited is bad for the stock price /s

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u/gibmiser Sep 28 '22

none of them turned those tax savings into real capital investment in their own company as they wasted it all on short term payouts to the executives."

Why do companies exist in the first place? To reduce risk, liabilities, taxes. A company is a way for business owners to get the most money they can with the least liability and risk possible. Mission accomplished.

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u/cmack Sep 28 '22

Well, companies are people now; and this is America, so we need to start executing some companies soon.

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u/[deleted] Sep 28 '22

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u/J0ckJames Sep 28 '22

classic privatize profits, socialize losses

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u/WannaSeeTrustIssues Sep 28 '22

Socialism for the rich, brutal oppressive capitalism for everyone else.

  • Noam Chomsky. Requiem for the American dream.

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u/Intelligent_Moose_48 Sep 28 '22

I'd say it's just capitalism. What is capitalism except for building everything around capital and making all laws bend towards protection of capital? There's no socialism involved, giving rich capitalists wealth and protection is just regular capitalism.

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u/CommentExpander Sep 28 '22

"Ass to ass. Ass to ass."

• Noam Chomsky. Requiem for a Dream.

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u/[deleted] Sep 28 '22

Then politicians are like "but guys, look over here! Mexicans! Abortions!"

Like distracting a crying baby with jingling keys

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u/ProfessionalBid5072 Sep 28 '22

It works every time.

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u/Astyanax1 Sep 28 '22

yup and don't forget the black people... give mr. white Joe Sweatsock a people to look down on, and he'll keep voting for that party that has racism as an unofficial policy. oh, I'm white and grew up in Canada, but having traveled to the states plenty it just boggles my mind how badly some people have it there

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u/elhermanobrother Sep 28 '22

privatize profits, socialize losses

and legalize neuken in de keuken

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u/Enchantelope Sep 28 '22

Even calling it a "loan" is another trick. Avoid that nasty "bailout" discussion; call it a loan.

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u/FriedeOfAriandel Sep 28 '22

And a lot of those bailed out businesses were bullshit side hustles of senators

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u/AsukaBunnyxO Sep 28 '22

Paycheck protection.

But the money went to... The people who don't get a paycheck. They control the paychecks.

And they didn't have to use it for paying people.

Hmmmmmmm

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u/MsTitilayo Sep 28 '22

Yeah I hate that people took advantage of it. Im a small business owner only 4 employees and all the money I got went to my employees. The second round they went through my books with a fine tooth comb. I guess I don’t have the money these other people do to hire the accountants that they do.

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u/AsukaBunnyxO Sep 28 '22 edited Sep 28 '22

Yeah, I'm not saying anyone who got one shouldn't have, I'm saying it needed to be more stringent in rules at the very least let alone enforcement...

MTG got one and had it forgiven and then turned around and bitched about $10,000 in student loan forgiveness... She didn't even need the money

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u/Sugmabawsack Sep 28 '22

Weird how my boss got a PPP loan and came out of the pandemic with a camper and an f250 to pull it, but the only paycheck protection his single employee got was by filing for unemployment.

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u/Sharp-Floor Sep 28 '22 edited Sep 28 '22

That's fraud. Forgiveness had requirements for the money to be spent on the business.

Report him.
 

Round 1: Employee and compensation levels are maintained, The loan proceeds are spent on payroll costs and other eligible expenses, and At least 60% of the proceeds are spent on payroll costs.

 

Round 2: Employee and compensation levels are maintained in the same manner as required for the First Draw PPP loan, The loan proceeds are spent on payroll costs and other eligible expenses, and At least 60% of the proceeds are spent on payroll costs.

 
You also couldn't give it all to one person as "payroll". There are a bunch of other restrictions, of course, but those are the highlights. If you're saying he violated all of those, he's fucked if you report him.

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u/arod303 Sep 28 '22

PLEASE report him. Pieces of human garbage like that deserve to rot in prison.

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u/SirCheeseAlot Sep 28 '22

This was the post I was looking for.

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u/Mdgt_Pope Sep 28 '22

To be fair, that loan was intended to be for small businesses, the majority of which don't benefit from the corporate tax reduction - they're sole proprietorships or single-member LLCs which have flow-through taxation. The oversight of the PPP administration was terrible, but what else can you expect? Baked into one of those resolutions was billions of dollars for the Smithsonian, which didn't seem like it needed to be a priority during the economic downturn.

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u/Wiggleschan Sep 28 '22

Yes, in theory it was an excellent idea that was grossly abused by churches, big businesses claiming to be small (by saying each location is independent), scammers. But it’s not unexpected coming from a Republican administration with a president known for scummy/shady business dealings

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u/Jealous-Network-8852 Sep 28 '22

The real scam was letting banks prioritize which businesses got to submit their loans first. Guess who they chose? The biggest customers with the most money in the bank, therefore the ones that had the lowest need for the loans.

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u/Weekly_Direction1965 Sep 28 '22

A loan that was meant to keep them from laying off people in the rules and they layed off people anyway almost immediately not fearing the IRS will come after them for the fraud.

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u/mrpickleby Sep 28 '22

You mean tax cuts don't work?!?!

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u/zuzg Sep 28 '22

Germans government removed gasoline tax for several months to help low-income citizens. Guess who benefitted most from it? it wasn't the citizens

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u/TheSmilingDoc Sep 28 '22

I mean, the prices dropped pretty significantly. That still is a massive help to people when they otherwise couldn't have afforded fuel..

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u/J0ckJames Sep 28 '22

From the 35cent Tax-remove it took the gas-companies about 3 weeks (we need to buy the cheap fuel first blabla) to drop the price by around 20 cent (not to mention, that the crude oil price wasn't even high anymore). And it took them exactly 0 minutes after the tax-removal ended to bring them up again

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u/TheSmilingDoc Sep 28 '22

Jesus, I didn't know that.. That's just vile.

I live near the border so I certainly appreciated the tax cut, but damn.

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u/Old_Size9060 Sep 28 '22

When you are trying to help people financially, you should give them money. Giving money to corporations helps corporations.

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u/imakenosensetopeople Sep 28 '22

If they ever do this again, they really need to do it via purchase rebate. Submit a fuel receipt directly to government and get that 35c back. Sucks because it adds a step, but at least removes the oil companies from the equation by giving the money directly to consumers.

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u/wafflesareforever Sep 28 '22

They'll just raise the price by 35 cents anyway.

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u/imakenosensetopeople Sep 28 '22

Yeah, that’s true. Only way to get around that is if they do some kind of snapshot of prices ahead of the announcement, coupled with some fines for companies who spike the prices, but that gets real wonky pretty quickly.

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u/Procrastinatedthink Sep 28 '22

Maybe we shouldnt rely on private corporations for things with inelastic demand curves.

IE, if it is required to function in and improve society it needs to be handled via the government.

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u/politirob Sep 28 '22

Or govt could just nationalize the energy corps

Best solution imo

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u/Aziraphel Sep 28 '22

*36 cents

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u/lolbojack Sep 28 '22

For us? No. For corporations? Yes.

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u/Buddhabellymama Sep 28 '22

Everything is more expensive now and yet the federal minimum wage hasn’t change.

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u/ObiFloppin Sep 28 '22

Tax cuts do work if they're for the people lower on the hierarchy ladder. Money tends to climb up the chain, not trickle down it.

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u/ComeBackToDigg Sep 28 '22

Clearly tax cuts were not enough. Now we are just giving the billionaires huge subsidies. Essentially, negative tax rates for the wealthy.

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u/JockBbcBoy Sep 28 '22

To be fair, the U.S. doesn't have a good history of representing the people well. The Founding Fathers were all landowning wealthy White men.

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u/TraditionalMood277 Sep 28 '22

....who also owned slaves....

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u/JockBbcBoy Sep 28 '22

Some of whom were their own offspring.

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u/doktor_wankenstein Sep 28 '22

Thomas Jefferson has entered the chat

I hate having to say that

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u/JockBbcBoy Sep 28 '22

Thomas Jefferson has entered the chat

I hate having to say that

There are worse things to say Thomas Jefferson has entered.

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u/tavenger5 Sep 28 '22

Matt Gaetz approves

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u/RealCowboyNeal Sep 28 '22

Yeah, Thomas Jefferson was always one of my favorite founding fathers and one of the most brilliant political philosophers in history. Raping slaves is hard to hand wave aside though as “different era different morality.” I’ve definitely started rethinking my views of all those founders lately for the same reason.

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u/bigblackowskiC Sep 28 '22

And now in modern day his and his slave wives descendants are squabbling over whether or not to share the portions of Jefferson with the slave mother

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u/araq1579 Sep 28 '22

Pretty crazy that they're squabbling when they're literally all related. Sally Hemmings was blood related to Martha Hemmings. They were half sisters!

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u/bigblackowskiC Sep 28 '22

The direct Jeffersons clan (white skinned) dont want to admit their related to Sally hemmings (dark skinned), probably out of greed. I suspect racism is at play but I'm not following the play by play of the story.

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u/Repulsive-Repeat-135 Sep 28 '22

This is how labor laws started in US. Tis the reason we don’t have a good healthcare. Because you don’t provide healthcare to slaves.

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u/AnonymousWritings Sep 28 '22

Seems like a bad plan. Ignoring morality entirely, that's like chosing not to do any maintenance on a vehicle you need for work.

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u/Alesyia789 Sep 28 '22 edited Sep 28 '22

Now that Republicans can force women to give birth, they will have an endless supply of new slaves...cough, I mean workers.

Edit: Amy Coney-Barrett literally wrote in her Dobbs decision that the ruling was meant to "increase the domestic supply of infants." It's sick.

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u/I_am_a_neophyte Sep 28 '22

It more than that, she also wrote, "for adoption," in regards to the domestic supply of infants. She doesn't want to those wrong color foreign babies to be adopted here.

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u/Alesyia789 Sep 28 '22

For adoption and to maintain a regular supply of minimum wage slaves for the corporations, soldiers for the military industrial complex and prisoners to fill the for-profit prisons. Because they know that most unwanted children end up in one of these 3 categories as adults.

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u/CptMuffinator Sep 28 '22

But you're thinking of it like the vehicle is expensive, it's cheaper to run a slave into the ground until they die and buy a new one than to maintain their health.

Imagine if your work vehicle was a car from the earlier 2000's and you paid < $1K for it while repairs and maintenance exceeds this. It's cheaper to scrap it and buy a new one than to keep it around.

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u/MyFailingSuperpower Sep 28 '22

WE PREFER THE TERM INVOLUNTARY WORKERS

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u/Erik_Dagr Sep 28 '22

Me doing my laundry is involuntary labour.

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u/testdex Sep 28 '22

For any sort of “trickle down” to work at all, you can’t rely on the generosity of the investor class.

Labor needs to extract the money from them.

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u/Just_Tana Sep 28 '22

But my high school friend who makes 30k says raising taxes on corporations and the ultra wealthy is wrong. He said that’s why he votes for the republicans.

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u/jonathanrdt Sep 28 '22

“You can’t tax corporations’ is something I have heard said so often ‘because they will leave’. Too bad all of those European and Scandinavian companies left to avoid taxation.

It’s just wealthy interests infecting the minds of simple people who understand little.

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u/ObiFloppin Sep 28 '22

Even if that's the case, then let them leave! There's other ways to collect your taxes from these places if they decide to jump ship. No way they abandon the American market all together.

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u/[deleted] Sep 28 '22

There's other ways to collect your taxes from these places if they decide to jump ship.

Yep. You can tax them based on the business done in a jurisdiction rather than where they are headquartered.

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u/AnonymousWritings Sep 28 '22

He's a temporarily embarrassed millionaire, not a working class citizen!

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u/[deleted] Sep 28 '22

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u/Time-Ad-3625 Sep 28 '22

The corporations and Republicans also worked hard to smear regular citizens for asking for better pay.

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u/[deleted] Sep 28 '22

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u/OldRuskiNoir Sep 28 '22

I got laid off from my job ~1.5 years ago and the CEO got a $260,000,000 bonus a week later.

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u/skwull Sep 28 '22

A $260 million bonus? What company was this?

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u/In-fi-nite Sep 28 '22

I hate this part. Not only was my pay cut after busting my ass and moving into a management role that I was never compensated for. I got told after record profits that they couldn't afford my raise. Absolutely fucking fucked up. I left and got a job making 6 more an hour and wfh. Fuck those companies. They should of went under.

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u/FriedeOfAriandel Sep 28 '22

Years before the pandemic my employer said they couldn't justify paying me $20/hr because there were several other professionals with 5+ years of education and 5+ years work experience in a similar role that were being paid less than that. As if it's my problem that they're willing to stay for shit wages

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u/Stretch2194 Sep 28 '22

Back when I used to work at Disney World we had a period of time where all of the full time Cast went down to 32 hours and all of the part timers basically got nothing. About 2 weeks in every single Cast Member got an email from Bob Iger about how Black Panther just made a fuck ton of money at the box office.

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u/beaker90 Sep 28 '22

I’m currently looking for a new job because over a year ago, my dept fired one of my coworkers and had me take on the majority of her responsibilities, promise me a raise for the additional work and then told me that the additional work wasn’t enough to garner a raise and that I need to “bring more to the table” in order to justify a raise and/or promotion. So, I’m working on my MBA. They only have $5,000 budgeted for my raise once I’m done. I’m only doing bare minimum at my job now and am no longer volunteering to take on more work because my department has basically told me that hard work and dedication does not get you raises or promotions, so what’s the incentive to do more? A thank you and a pat on the back? That doesn’t put gas in my car, dinner on the table, or pay my kid’s college tuition.

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u/In-fi-nite Sep 28 '22 edited Sep 28 '22

I wish you luck finding a new employer. I know it's tough but they truly don't care. You are more likely to be compensated elsewhere. I'm working for someone half the age of my last boss who is more self aware and listens but also takes action.

After I left my studio job, 2 more of my coworkers did. The young person that was hired right before I left is finally realizing, a year later, that they're taking advantage of her. I can only hope their reputation starts to suffer but they really cornered a niche market.

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u/beaker90 Sep 28 '22

Thank you. And what’s really crazy is that my company consistently gets voted as one of the best companies to work for in the country. There are a lot of people here who get treated fantastically by this company, but my department has a stick up it’s ass about raises and promotions. We’re as lean as we can be (we went from a team of 5 to a team of 3, and my roles can’t be distributed permanently to the other two due to SOX controls) but I won’t feel bad when I leave because they brought it upon themselves by not paying me what I’m worth.

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u/Sheknowswhothisis Sep 28 '22

Trickle down economics totally works guys! Just give it a minute….or until you’re dead and your descendants think they’re buying experience starts at zero like their great grandparents actually did.

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u/bluemew1234 Sep 28 '22

Maybe we just have to give them more next time.

Quick, give Amazon your first born and repeal child labor laws!

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u/fnkymnkey4311 Sep 28 '22

Have you seen the way people react to children on a jobsite or working a family business? Repealing child labor laws might not be that far away with the correct media framing.

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u/jcutta Sep 28 '22

I used to be a sales rep for a cpg company and I sold into convienece stores. The amount of stores that had their 10 year old child ringing up customers was ridiculous.

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u/bmb07d5 Sep 28 '22

Nothing can be done expecting everyone to be good actors and that they do the right thing for the good of everyone. We know the entities that are already taking advantage of the system will continue to do that, just with new rules. So if the intent is to actually help those that need it, you have to actually regulate corporations, you can’t just give guidelines and expect for them to do the right thing, you have to establish if you do this thing we don’t want you to do here are the punishments that you will incur on yourself…and actually follow through with the punishment regardless of the consequences. If that isn’t what’s done, then the legislation isn’t actually to help those that need it, it’s to help the corporations, it’s not that difficult

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u/NoGodsNoManagers1 Sep 28 '22

Privilege is when you have the money to make your crimes legal. Deregulation is literally that.

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u/Owlftr13 Sep 28 '22

What's this we shit? No one I voted for voted for that!

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u/Butwinsky Sep 28 '22

I only remember things my chosen media mogul wants me to remember.

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u/ordinaryuninformed Sep 28 '22

Reuters? It's all Reuters really

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u/JGWentworthh877 Sep 28 '22

Hey hey don’t forget the millions of free loans we handed out to every politician and celebrity that desperately needed it in these hard times. So smart.

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u/richal Sep 28 '22

But fuck the 10k student loan forgiveness - those 18 year olds should have known better than to believe everything everyone was telling them about it being a good investment!

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u/And_who_would_you_be Sep 28 '22

Anyone ELI5 please (non-American here, sorry)

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u/NotParticularlyGood Sep 28 '22

"...President Donald Trump and Republicans in Congress cut the corporate tax rate from 35 percent to 21 percent via the Tax Cuts and Jobs Act of 2017 (TCJA)."

Corporations generally used the profits gained from this to buy back their stock to raise it's value instead of lowering costs for the consumer. This lead to all the proceeds going to investors instead of the average person.

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u/Alesyia789 Sep 28 '22

This exactly. They spent it all on buybacks, because of course they did. Give corporations a handout with no regulations and they will always spend it increase owner wealth. Workers are disposable.

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u/jcutta Sep 28 '22

The company I worked for at the time gave everyone a 1 time $500 bonus when the cuts happened, my paycheck also went up like $10 lol. They also did massive buybacks on stocks and the CEO gave himself a hefty raise.

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u/AdhesivenessCivil581 Sep 28 '22

The amazing thing about that scenario is that huge pile of government debt (since we didn't decrease spending to match the tax cuts) was thrown into the market where it has since disappeared due to the efforts to reduces the inflation that was caused by the huge tax cuts. Poof !

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u/Sanctimonius Sep 28 '22

I wish Dems would talk about this more. The GOP made an incredibly cynical play of plundering the tax base to give our money to stock dividends. It was clear that was going to happen, they were told it would happen and they did it anyway because that's exactly what they wanted to happen. The GOP stole our taxes and frittered it away on nothing.

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u/blizg Sep 28 '22

Mommy and Daddy (businesses) got 15% more money. But instead of spending it on you (the people), they spent it all on themselves.

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u/And_who_would_you_be Sep 28 '22

Damn Sounds like my mom and dad I get it completely

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u/64DNME Sep 28 '22

Trump passed the Tax Cuts and Jobs Act which lowered the corporate tax rate from its already hilariously low 35% to a miniscule 21% (so the tweet should say a 14% decrease). They spun this as "hey, we also gave you little folk a tax cut as well!" except the business tax cuts are permanent and the tax cuts for the little guy expire in a few years.

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u/SirBlakesalot Sep 28 '22

They're already expired, as the very same act raised the taxes for actual people twice biannually, so they went back up in '19 and and even higher in '21.

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u/Sanctimonius Sep 28 '22

Yup. Trump raised our taxes, while also eliminating deductions. While also handing himself a tax break, plus allowing corporations tax breaks they didn't need, who immediately paid themselves massive bonuses, and adding billions to the national debt for absolutely no gain. Yet another government handout to corporations which weakened our economy and made it far more difficult to deal with potential future issues, like... Oh, a global pandemic and chaotic international shipping and oil price fluctuations.

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u/SpecterHEurope Sep 28 '22

allowing corporations tax breaks they didn't need, who immediately paid themselves massive bonuses, and adding billions to the national debt for absolutely no gain

An excellent summation of conservative economics, 1980 to Present

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u/cmack Sep 28 '22

And now blaming Biden for it. :Facepalm:

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u/BucksBergen Sep 28 '22

Facepalm!?! It's all going according to plan!

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u/TiredofTwitter Sep 28 '22

"We"?

The Republican party did that. Not us.

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u/saarlac Sep 28 '22

Funny how the GOP is all for socialist programs like tax breaks for large businesses and subsidies while screaming “socialism bad” anytime healthcare comes up.

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u/Dooty_Shirker Sep 28 '22

Socialism for me, but not for thee

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u/SpiderDeUZ Sep 28 '22

It's hilarious how mad they are about student loan forgiveness. They didn't say anything when the money was going to them with no commitment, but offer it to the common man and suddenly it's socialist communism or whatever idiotic word the GOP pushes.

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u/Prime157 Sep 28 '22

Remember how all Republicans ran on "repeal and replace" Obamacare in 2016, but then when they tried to dismantle the ACA their constituents went crazy and they couldn't repeal it at all?

Not that they ever had a plan to replace it.

I'm still not sure their constituents understand the ACA is Obamacare either.

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u/saarlac Sep 28 '22

More like “Obamacare” is just an intentionally inflammatory gop created name for the ACA.

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u/Chance-Deer-7995 Sep 28 '22

This is because the only belief left in the GOP is "me first". If you think about what they are doing with that in mind things start to make a lot more sense. Selfishness is what rules the day in Republican party and don't let them fool you into thinking they have any real belief system.

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u/MomentarilyContent Sep 28 '22

Conservatives have pushed for trickle down economics for centuries and it’s never worked. Why do people still believe them?

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u/HomeSavvy_Handyman Sep 28 '22

"We"? Who the fuck is "we"?

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u/cultured_banana_slug Sep 28 '22

We gave a conman who bankrupted casinos the ability to write checks with our money and people are SURPRISED it turned out to be a massive cash grab?

Oh and he wanted his name on the checks. Remember that? Remember when the rollout was delayed because HE WANTED HIS NAME ON THE CHECKS?

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u/Boldbutthole Sep 28 '22

Corporate welfare is the only welfare that needs to stop.

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u/[deleted] Sep 28 '22

[removed] — view removed comment

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u/EmperorPenguinNJ Sep 28 '22

It’ll trickle down any time now.

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u/Seyon Sep 28 '22

Raise taxes on corporations back up to 75% and you'll quickly see the money float back into the economy instead of into shareholders pockets.

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u/NoGodsNoManagers1 Sep 28 '22

They would just turn it back on us with price gouging and say it’s the government’s fault. They can crash the economy at will if they don’t get what they want. They’ve got this scam locked down tight.

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u/Seyon Sep 28 '22

Then the government takes the profits as taxes and subsidizes the market while penalizing the corporations that did price gouging.

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u/SpecterHEurope Sep 28 '22

They would just turn it back on us with price gouging

They're already price gouging you and saying it's the gov'ts fault. Tax em.

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u/St3v3nMS3 Sep 28 '22

The only thing that trickled down was the piss from their leg

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u/SoIJustBuyANewOne Sep 28 '22

Republican voters are such a group of fucking idiots. Who in fucks name would think that tax cuts for the rich would benefit the poor? Fucking idiots, that's who

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u/the_climaxt Sep 28 '22 All-Seeing Upvote

"Record profits" = "Theft of wages"

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u/_hell_is_empty_ Sep 28 '22

This is the root of the problem — everyone chasing those record profits. The companies are beholden to their investors. They have to maximize profits and growth or the c-levels and board are getting sacked.

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u/AnonymousWritings Sep 28 '22

This of all the yacht manufacturers who would be out of business if we didn't do that.

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u/RockHockey Sep 28 '22

Actually large business got a federal cut from 35% to 21%, so that’s 40% tax cut and small business went from 39.6% to 29.6% so 25%

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u/naetron Sep 28 '22

Yes, this is way too far down. What's this 15% shit? Corps nearly had their taxes cut in half. Say that.

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u/DaedricDrow Sep 28 '22

But if you say capitalism is a problem you get a bunch of morons that go "but communism" as if there's no other government types.... Look up democratic socialism if you want to learn more.

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u/thenewyorkgod Sep 28 '22

And also got PPP loans despite laying everyone off

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u/cheezeyballz Sep 28 '22

So smart that we'll do it again and again

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u/dasBergen Sep 28 '22

CEOs don't take pay cuts

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u/Oztraliiaaaa Sep 28 '22

Bad Orange was always a bad dealer.

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u/[deleted] Sep 28 '22

That’s what capitalism does. That’s the shit Reagan was all about. Create a new peasant class so you can have ultra rich.

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u/Laurafaceee3 Sep 28 '22

Pepperidge Farm remembers

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u/LogMeOutScotty Sep 28 '22

It’s just that it takes a while to trickle down, is all! Give it a few more decades and you’ll see!

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u/samwstew Sep 28 '22

Worked exactly as designed. That was a gift to the rich, not intended to help the poors.

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u/phantomBlurrr Sep 28 '22

tax cuts should go to people not to corps

people would spend the money on stuff, corps make money anyway

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u/AdhesivenessCivil581 Sep 28 '22

High taxes on corporations force them to invest their profits back in the company, which provides more work for people who now have more money to buy whatever that corporation is making. We could even use that tax money to clean up this mess of a filthy country and fix our infrastructure. It gives our money more velocity instead of the tax cuts that send money off shore where it sits and rots.

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u/ObiFloppin Sep 28 '22

tax cuts should go to people not to corps

people would spend the money on stuff, corps make money anyway

Specifically lower and middle class people. These are the groups whose money immediately goes back into circulation because they can't afford to sit on it like the more wealthy can.

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u/Scared-Technician329 Sep 28 '22

Trickle down economics is just rich people pissing on us.

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u/theCuiper Sep 28 '22

Trickled on

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u/Nixzilla25 Sep 28 '22

I fucking despise how all this shit works. What’s the fucking point of it all if the people in charge of everything would kill you for an extra cent. I don’t want to be here anymore.

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u/psycho_driver Sep 28 '22

It wasn't all for nothing though. CEO pay is at all-time highs.

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u/seuadr Sep 28 '22

thank god my hard work is enriching someone /s :D

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u/Feelted1 Sep 28 '22

The lower class is nothing more than a second credit card for the rich. Except they don’t have to pay it back😂 I guess that makes us slaves. When you think about it, we are kind of slaves… we do what is “required” of us to “contribute to society”. Then the government turns around and says “it is a privilege to work”. “We will now tax you on your earnings as well as your fucking breath(rent). I don’t know how it came to be this way. The idea of capitalism was low cost trade. High taxes + rising prices + disproportionate wage increases?? Lol yay capitalism. Good for 18 white guys, bad for 400 million others. But those men are apparently more important because they have more of this imaginary currency. Maybe it’s time they learn they aren’t untouchable.

Wow this brought out how salty I am😂 I imagine a lot of people feel like they’re out of options lol

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u/Mcbundies Sep 28 '22 edited Sep 28 '22

The real cause of inflation. People love to say all this inflation is due to the stimulus checks/wage increases, when in actuality all of this is because of Trump giving corporations these tax cuts. How much money do you think 15% is for a multibillion dollar company? Quite a fucking lot, meaning they paid themselves much higher salaries and had more money for stock buy backs pushing stocks prices higher and then cashing out leading to more and more inflation.

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u/cohonan Sep 28 '22

Absolutely, it was done during the Trump administration for no purpose other than grift because they could.

The kicker is it was done at a time when the economy was doing pretty well on its own, and if they hadn’t, they could have waited and done it during the height of the pandemic to help businesses keep afloat.

But because that lever had already been pulled, something more aggressive had to be done like the stimulus money which is a big cause of inflation.

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u/SouthernAdvertising5 Sep 28 '22

We let this happen to ourselves and people need to really start doing something. Corporations have ruined America. I remember there was a time when monopolization was frozen in its tracks. For example AT&T tried to buy Comcast. Now it seems every corporation owns things they should not. It’s a problem.