Mike Lester for January 16, 2018

Inane

Wow! Does Mr. Lester know less about economics than he does about geography?

Mikey wins for cartoonist most easily distracted by shiny object! Go learn something substantive about economics.

Mike Lester is a cartoonist of mythic proportions.

I love Trump Disciple knowledge and analysis skills.

WWWMD?

http://www.cnn.com/2018/01/13/opinions/sams-club-walmart-corporate-greed-tasini-opinion/index.html

Trickle down economics is a lie, not a myth. Try to keep your facts straight, Mr. Lester.

 

Trick (le) down economics is not the only Wall Street myth, just the biggest.

American workers productivity has increased 500% since 1947, but their hourly pay has increased only 300%.

American business was on an incredible roll during the Reagan years, yet American workers saw no increase in wages — other than cost of living raises to cover inflation.

Old Bush’s time saw the inevitable adjustment, and nobody, workers or businesses made any money, or had much work.

Clinton’s time saw American businesses on another incredible roll, while American workers once again saw no increase in wages.

Young Bush’s time saw the inevitable adjustment, and it was a whopper. Total recession bordering on depression, gross unemployment, retirement savings destroyed, and the near collapse of America’s financial sector.

Obama’s time saw the gradual return of American businesses culminating in another incredible roll while American workers once again saw no increase in wages, but a return to full employment —fueled by part-time jobs replacing full time.

Booming economies have not helped the average American one iota since WWII, they just prolong the inevitable bust economies — sure to follow – and savage real people, rich, middle, and poor, along with traditional small and big business.

Super-heated economies are poison for all of us.

Trickle-down economics has never worked – the tax cut will help the rich not the poor. Employees get bonuses every year at this time – even during the last 8 years when the president wasn’t an orange bigot.

The only ones claiming the earth is flat are the climate-denying science-hating right-wingers.

AT&T bonuses were the result of year-long negotiations by union. Walmart gave bonuses only to those with 20 years service and then closed Sams clubs and other stores without notice, fired co-managers but said they could re-apply for lower-pay asst. manager jobs. Pfizer cut expensive research into Alzheimer’s and Parkinson’s so they could hand out money to shareholders. The research was covered by tax deductions Pfizer no longer needs.

Give the poor more money, they buy what they need and maybe a few ‘luxuries’; money makes it way up. Give the rich more money they stock it away in some offshore account; money goes nowhere.

They’ve been cutting the top tax rate for 35 years now, and it hasn’t happened yet.

When the top tax rate was higher, the economy boomed. There are actual reasons for that.

For one thing, the Government has funds and hires people with them.

For another, employers try to LOWER their taxes. You know how? Hiring people and putting money back into their company. That lowers their net income and lowers their taxes.

When the taxes are ultra-low, they have no reason hire more than the bare minimum they need, and to pay them as little as possible.

And the low taxes encourage short term thinking. They just want to make a quick killing and get out. Companies only care about how much they’ll make this quarter. They DON’T care about the health of the company ten years from now.

After presenting an economic myth ( which has been discredited by dozens of economists ), Mr. Lester expects “counter arguments!”

I’ve been waiting a third of a century for the first drops of my trickle down reward. Been waiting 3/4 of a decade for a pay raise… Guess I’ll add waiting for the bonus to the queue.Dude, seriously… Do you have any actual factual evidence that anybody has received a raise or bonus? Any first person accounts? Anybody you know personally? I don’t, and I rather suspect you don’t either.

Wow!!!! All the little dweebs must have drank way to much kool-aide today. I would say they have been brain washed, but then you have to have a brain before it can be washed. These comments explain why the liberals are so messed up. None of them know anything about what they are writing.

The trouble with the National Socialist Democrat Workers Party is they never look anything up for themselves and believe the sillyness on MSNBC.

How does FOX get all those dems to say all that stuff on video?Then the other dims deny that they said it.

^ Daring of you, Mr. Lester, to admit that you watch ( and pay attention to! ) Fox & Friends!

Lester, per your link Apple is going to repatriate $350 billion that they hid offshore to avoid taxes, and they claim that they will end up paying about $38 billion in taxes on it. This amounts to 10.8% tax rate – pretty good deal for them! They claim they will create 20,000 jobs; we’ll see.

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“The point is that you can’t be too greedy.” – John Miller

“The final key to the way I promote is bravado. I play to people’s fantasies.” — John Barron