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POTUS 45.43: The Caravan is Coming. Fear the Caravan.

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Re: POTUS 45.43: The Caravan is Coming. Fear the Caravan.

According to Ed that Dubya ONLY lost 30 seats in the House in 2006 shows that the country still really liked and supported Dubya :rolleyes:

Ed is a moron...and was one long before that Faux style spin.
 
Re: POTUS 45.43: The Caravan is Coming. Fear the Caravan.

joecct said:
Rich people use their money.
Click to expand...

No, they don't. If they did, they wouldn't be rich anymore.

A poor person spends nearly 100% of their income just to live. A rich person spends a fraction on living expenses, an additional fraction on luxuries, and invests the rest (and pays a lower tax rate on that investment to boot).
 
Re: POTUS 45.43: The Caravan is Coming. Fear the Caravan.

unofan said:
No, they don't. If they did, they wouldn't be rich anymore.

A poor person spends nearly 100% of their income just to live. A rich person spends a fraction on living expenses, an additional fraction on luxuries, and invests the rest (and pays a lower tax rate on that investment to boot).
Click to expand...

Using /= Spending. It also includes savings and investments (often one and the same).

That said, joe is still stretching. He's making Stretch Armstrong blush.
 
Re: POTUS 45.43: The Caravan is Coming. Fear the Caravan.

joecct said:
Alfa

Rich people use their money. They just don't use on the things most ordinary folks do.

And they do need their money to (a) give it away and/or (b) maintain their lifestyle of the rich and famous.
Click to expand...

You forgot the most important part: Investing in power and control.
 
Re: POTUS 45.43: The Caravan is Coming. Fear the Caravan.

So, how much do we hear about the caravan, and troop deployments, in the next few months?
 
Re: POTUS 45.43: The Caravan is Coming. Fear the Caravan.

<blockquote class="twitter-tweet" data-lang="en"><p lang="en" dir="ltr">According to NBC News, Voters Nationwide Disapprove of the so-called Mueller Investigation (46%) more than they Approve (41%). You mean they are finally beginning to understand what a disgusting Witch Hunt, led by 17 Angry Democrats, is all about!</p>— Donald J. Trump (@realDonaldTrump) <a href="https://twitter.com/realDonaldTrump/status/1060194964351660033?ref_src=twsrc%5Etfw">November 7, 2018</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>

Press Conference should be fun. Turtle Boy is taking his victory lap. Trump will take his. And Nancy will talk about bipartisanship.
 
Re: POTUS 45.43: The Caravan is Coming. Fear the Caravan.

<blockquote class="twitter-tweet" data-lang="en"><p lang="en" dir="ltr">If the Democrats think they are going to waste Taxpayer Money investigating us at the House level, then we will likewise be forced to consider investigating them for all of the leaks of Classified Information, and much else, at the Senate level. Two can play that game!</p>— Donald J. Trump (@realDonaldTrump) <a href="https://twitter.com/realDonaldTrump/status/1060155917059219461?ref_src=twsrc%5Etfw">November 7, 2018</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 
Re: POTUS 45.43: The Caravan is Coming. Fear the Caravan.

ScoobyDoo said:
<blockquote class="twitter-tweet" data-lang="en"><p lang="en" dir="ltr">If the Democrats think they are going to waste Taxpayer Money investigating us at the House level, then we will likewise be forced to consider investigating them for all of the leaks of Classified Information, and much else, at the Senate level. Two can play that game!</p>— Donald J. Trump (@realDonaldTrump) <a href="https://twitter.com/realDonaldTrump/status/1060155917059219461?ref_src=twsrc%5Etfw">November 7, 2018</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
Click to expand...

HAHAHAHAHA...this guy is so stupid it hurts.
 
Re: POTUS 45.43: The Caravan is Coming. Fear the Caravan.

joecct said:
Alfa

Rich people use their money. They just don't use on the things most ordinary folks do.

And they do need their money to (a) give it away and/or (b) maintain their lifestyle of the rich and famous.
Click to expand...

They may use some money, but they don't use it nearly in the same way as everyone else does.

Yes, they spend to be "rich and famous", but data clearly shows that they also save in a MUCH higher proportion than poor people do. Which is to say, a $100M tax cut spread among 100,000 people who scrape by vs 10 people who don't will have very, very different effects on the economy- one will cycle almost all $100M right through the economy- and that will repeat many times over as the places they spend their money also has a low savings rate, whereas the other- when you a rich, the average savings is about 20%, so $20M is taken off right off the top. And that effect keeps going as they spend.

*Some* give it away. Not nearly enough.

Taxes should be a zero sum game- the money you collect in taxes are just re-run through different consumers. But the current tax cut has been anything but that- when you see how many dollars were put into corporate savings by stock buy back- that just took those billions of dollars completely out of the economy.

At some point, joe, you should go look at the actual data, of taxes, tax rates, and how much money people save. You would quickly find out that $1B on welfare for those who don't work will work it's way through the economy many times over, whereas the same for rich people who save money has a much less effect. It's not rocket science. It's just basic math.
 
ScoobyDoo said:
<blockquote class="twitter-tweet" data-lang="en"><p lang="en" dir="ltr">According to NBC News, Voters Nationwide Disapprove of the so-called Mueller Investigation (46%) more than they Approve (41%). You mean they are finally beginning to understand what a disgusting Witch Hunt, led by 17 Angry Democrats, is all about!</p>— Donald J. Trump (@realDonaldTrump) <a href="https://twitter.com/realDonaldTrump/status/1060194964351660033?ref_src=twsrc%5Etfw">November 7, 2018</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>

Press Conference should be fun. Turtle Boy is taking his victory lap. Trump will take his. And Nancy will talk about bipartisanship.
Click to expand...

But I was told NBC News is fake news, and we shouldn't trust anything they say.

Now they're a legit news source according to Trump?
 
Re: POTUS 45.43: The Caravan is Coming. Fear the Caravan.

St. Clown said:
Using /= Spending. It also includes savings and investments (often one and the same).

That said, joe is still stretching. He's making Stretch Armstrong blush.
Click to expand...

Exactly- people think that the money in wall street does something- it does not. All of that money is tied up in value and nothing else. Once money is invested in stocks, it stops circulating through the economy until it's finally sold and then used. And given how big of estates get passed down, you can see the billions of dollars that never see it's way back into the economy.

And for a consumer based economy, that is a bad thing.
 
Re: POTUS 45.43: The Caravan is Coming. Fear the Caravan.

joecct said:
Alfa

Rich people use their money. They just don't use on the things most ordinary folks do.

And they do need their money to (a) give it away and/or (b) maintain their lifestyle of the rich and famous.
Click to expand...

No, joe, they don't. Not at the relative levels those who make less than them do.
 
Re: POTUS 45.43: The Caravan is Coming. Fear the Caravan.

The GOP: "We got ours, go fu** yourselves."

<blockquote class="twitter-tweet"><p lang="en" dir="ltr">The national exit polls offer another reminder of why we often talk about the wrong people when we talk about the Trump/Republican "base": <a href="https://t.co/ixVdKv46tQ">https://t.co/ixVdKv46tQ</a> <a href="https://t.co/pBv3ryLiWY">pic.twitter.com/pBv3ryLiWY</a></p>— Daniel Dale (@ddale8) <a href="https://twitter.com/ddale8/status/1060199412616650752?ref_src=twsrc%5Etfw">November 7, 2018</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 
Re: POTUS 45.43: The Caravan is Coming. Fear the Caravan.

alfablue said:
They may use some money, but they don't use it nearly in the same way as everyone else does.

Yes, they spend to be "rich and famous", but data clearly shows that they also save in a MUCH higher proportion than poor people do. Which is to say, a $100M tax cut spread among 100,000 people who scrape by vs 10 people who don't will have very, very different effects on the economy- one will cycle almost all $100M right through the economy- and that will repeat many times over as the places they spend their money also has a low savings rate, whereas the other- when you a rich, the average savings is about 20%, so $20M is taken off right off the top. And that effect keeps going as they spend.

*Some* give it away. Not nearly enough.

Taxes should be a zero sum game- the money you collect in taxes are just re-run through different consumers. But the current tax cut has been anything but that- when you see how many dollars were put into corporate savings by stock buy back- that just took those billions of dollars completely out of the economy.

At some point, joe, you should go look at the actual data, of taxes, tax rates, and how much money people save. You would quickly find out that $1B on welfare for those who don't work will work it's way through the economy many times over, whereas the same for rich people who save money has a much less effect. It's not rocket science. It's just basic math.
Click to expand...

On page 61 of this report- https://www.nber.org/papers/w20625.pdf you can see that the top 1% saves in the 40% range of their income, whereas the bottom 90% saves near 0% of their income. So $1B to the bottom 90% goes right into the economy at $1B, but $1B to the top 1% goes into the economy at $600M.

It's not hard to figure out which will have a larger impact.
 
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