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Do you think that the Trump Tax plan will help the middle class?

Yes
No
I have no idea



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1. Robert Fahrbach CEOExpressSelect Member
     (11/28/2017 1:11:03 PM)
     Message ID #294346

This message is in response to Robert Campbell ( message id #294341 )  Back To All Messages

You are confusing trickle down with corporate tax rates.

The primary reason for lowering rates to corporations is to compete with other nations for domicile (facilities and jobs). Regardless of how they apply the additional after tax income, they must first decide where that income is maxed. If they choose the US, that's where the facilities and jobs will go. There are additional factors such as labor costs, skill levels, shipping, tariffs and whole host of issues... which generally means no unions, good education, and other issues the Democrats have shifted against America.

After that - the issue of how to apply increases in after tax income arises. If you understand competition - particularly elasticity - you will know that just passing the vig on to shareholders does not always serve them best. There are many factors involved here as well.

The decision will not be universal. Different strokes for different folks. Some percentage will go into lowering prices and expanding the business. To whatever extent this happens, the consumer benefits. At a certain point, sales drive tax revenues beyond their original starting point.

It is a risk. It doesn't always work. But it's a sound risk under normal circumstances - and a crucial risk for a nation $20T in debt.

If you have another way out of this debt - without growing the economy - I'd love to hear it. You could increase taxes - but that means collecting more from fewer working people... and that is precisely the disaster that has brought us to where we are today.

2. D Robb
     (11/28/2017 4:05:47 PM)
     Message ID #294347

This message is in response to Robert Fahrbach ( message id #294346 )  Back To All Messages

Robert, the US economy is primarily a consumer economy. Unfortunately, so much wealth has been concentrated in the top 2% of the population, and so many jobs have been lost to automation and lower wage, overseas workers, the average consumer has no money to spend. The answer is not to give more money to the top 2%. The answer is get more money to the middle class through better jobs and tax cuts. This flawed bill does not do that.

3. Robert Fahrbach CEOExpressSelect Member
     (11/28/2017 1:18:44 PM)
     Message ID #294349

This message is in response to D Robb ( message id #294347 )  Back To All Messages

If you say so.

4. Noel Meyer
     (11/28/2017 1:19:23 PM)
     Message ID #294354

This message is in response to Robert Fahrbach ( message id #294346 )  Back To All Messages

Robert,
As Thomas C a.k.a. the Hawk stated -

"why would anyone start a company anyway? In order to have a company, they will eventually have to hire employees. That will force them to have to give away "their" money to their employees"

Your points that-
:The primary reason for lowering rates to corporations is to compete with other nations for domicile (facilities and jobs). Regardless of how they apply the additional after tax income, they must first decide where that income is maxed. If they choose the US, that's where the facilities and jobs will go. There are additional factors such as labor costs, skill levels, shipping, tariffs and whole host of issues... which generally means no unions, good education, and other issues the Democrats have shifted against America"

make no sense. If companies want ACCESS to market here in America the Chinese model of 'sell it here build it here' shows better results than any tax break. If American corporate investment wants to build in CHEAP NATIONS, where national take over of private investment is so common and violence and revolution are risks then do so and suffer those loses without calling in American Military to defend those assets from local militants.
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