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-   -   Democrats in Chicago IL want to lower taxes to bring in more revenue. (http://www.peachparts.com/shopforum/off-topic-discussion/402061-democrats-chicago-il-want-lower-taxes-bring-more-revenue.html)

davidmash 11-13-2019 05:10 PM

Quote:

Originally Posted by Air&Road (Post 3976485)
There are none so blind as those who will not see.

I provided a link to the Gov paper. You provided what again? Talk about blind.

Air&Road 11-13-2019 05:26 PM

You are trying to compare oranges to apples.

I am not talking about reinvestment in the public sector. Look at the stock market and the gdp changes since the tax cut. The markets are up dramatically. No one needs a biased government report showing only the stats that favor their position to know that the economy is off the charts after the tax cuts. All you need to do is honestly watch the meaningful indicators. As an example:

https://www.marketwatch.com/investing/index/djia/charts


The Dow Rocked along at 16 to 18 during th last few years of the Obama administration and began its skyrocket to today’s 27,600 starting the day after Election Day 2016. Folks knew the tax cut was coming and started investing.

Get your head out of.... well, just look at the numbers yourself and don’t stop with the markets. Look at things like unemployment numbers in all reported sectors. Drastically decreased unemployment is the result of investment my friend. Lower taxes encourage investment. Wake up and smell the roses.

There are none so blind as those who will not see.

davidmash 11-13-2019 06:00 PM

Tax bill signed into law on Dec 22 2017. Dow Jones on Jan 5 2019 was at 25,300. Today it is at 27,800

Air&Road 11-13-2019 07:01 PM

And your point is? Do you not like 10% stock market growth? Kind of interesting that you ignored the gains of 2018.

davidmash 11-13-2019 08:44 PM

Didnt over look it. It's been on a fairly steady pace since about 2010 till about 2018 at which it went flat which, conincidenaly was when the tax cuts took effect.

sloride 11-14-2019 08:37 AM

Quote:

Originally Posted by davidmash (Post 3976437)
The corporate tax refunds were used to pay off share holders, not for reinvestment or bonuses to workers.
https://www.everycrsreport.com/files/20190522_R45736_8a1214e903ee2b719e00731791d60f26d75d35f4.pdf#page=11&zoom=page-fit,0,-247

I say that is a good thing, paying off shareholders. That goes into the economy, not used to buy votes for politicians. The less going to the swamp and into the citizens hands the better.

davidmash 11-14-2019 11:22 AM

Quote:

Originally Posted by sloride (Post 3976668)
I say that is a good thing, paying off shareholders. That goes into the economy, not used to buy votes for politicians. The less going to the swamp and into the citizens hands the better.

Not true. Various studies have shown that the share holders, for the most part, just sit on the money and do not reinvest it. Had the money gone to the workers, that would have been spent and put in the economy.

Air&Road 11-14-2019 11:35 AM

Quote:

Originally Posted by davidmash (Post 3976584)
Didnt over look it. It's been on a fairly steady pace since about 2010 till about 2018 at which it went flat which, conincidenaly was when the tax cuts took effect.

https://www.marketwatch.com/investing/index/djia/charts

Does this look “flat” to you? It was at about $17,500 on Election Day 2016 d about $27,500 today. On Election Day, investors knew full well wat was going to happen to tax rates and business choking regulations.

Again there are none so blind as those who will not see. Unfortunately, the inevitability is that sooner or later either a socialist or a business choking democrat will bring all this to its knees. Low employment rates are a good thing, it at that time they will go away.

Air&Road 11-14-2019 11:37 AM

Quote:

Originally Posted by davidmash (Post 3976707)
Not true. Various studies have shown that the share holders, for the most part, just sit on the money and do not reinvest it. Had the money gone to the workers, that would have been spent and put in the economy.

Good grief! Are you REALLY that far out of touch with how the economy works?:eek: Lord have mercy.

davidmash 11-14-2019 12:29 PM

Quote:

Originally Posted by Air&Road (Post 3976711)
https://www.marketwatch.com/investing/index/djia/charts

Does this look “flat” to you? It was at about $17,500 on Election Day 2016 d about $27,500 today. On Election Day, investors knew full well wat was going to happen to tax rates and business choking regulations.

Again there are none so blind as those who will not see. Unfortunately, the inevitability is that sooner or later either a socialist or a business choking democrat will bring all this to its knees. Low employment rates are a good thing, it at that time they will go away.

Do you really not read anything or are you being purposefully obtuse. I said it went ... here, I'll quote it for you...."It's been on a fairly steady pace since about 2010 till about 2018 at which it went flat which, conincidenaly was when the tax cuts took effect."

On Jan 26, 2018 the DJ was at 26,616. Today the DJ is at 27,711 (as of right now). The low during that time frame was on Dec 21 2018 at 22,445. A 1,000 pt gain over 2 yrs is pretty flat in comparison to the gains made prior to 2018.

vwnate1 11-14-2019 06:57 PM

That REALITY Thing Again.....
 
:D
Quote:

Originally Posted by Air&Road (Post 3976485)
There are none so blind as those who will not see.

Describing your self to a "T" .

Air&Road 11-14-2019 09:16 PM

Just to help those with poor math skills:

Dow closed at about 18,300 on Election Day 2016 and closed about 27,800 today. That is a 52% gain in almost exactly three years.

That’s more than 17% per year.

davidmash 11-14-2019 10:19 PM

Quote:

Originally Posted by Air&Road (Post 3976955)
Just to help those with poor math skills:

Dow closed at about 18,300 on Election Day 2016 and closed about 27,800 today. That is a 52% gain in almost exactly three years.

That’s more than 17% per year.

None of that is in dispute. And none of that is relevant to the discussion at hand which is the taxes. In posts #17 and #23 you specifically mentioned the tax cuts. The tax cuts were not passed till Dec of 2017 and did not take effect till 2018. Unless you are saying that people were investing based on a tax plan that they did not even know about, the tax cuts would not have affected the DJ till they took effect. So, what was the DJ at in Jan of 2018 and what is the DJ at today?

On Jan 5,2018 it was at 25,300. Today it closed at 27,700. A little over 2000 pts in 2 yrs. If you look at the growth from 2017 when he took office (19,800) to Jan of 2018 (25,300) the growth for the last 2 yrs is pretty flat.

If the tax cuts were so good, how come the DJ does not reflect it like you say it should?

sloride 11-15-2019 01:58 AM

Quote:

Originally Posted by davidmash (Post 3976707)
Not true. Various studies have shown that the share holders, for the most part, just sit on the money and do not reinvest it. Had the money gone to the workers, that would have been spent and put in the economy.

Got a linky to those studies? BTW no avoiding paying either long or short term capitol gains taxes. So much of those funds earned will be confiscated and used to buy votes.

Diesel911 11-20-2019 01:07 AM

I came over to this part of the forum for some relief from political issues. That didn't work.


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