I'm over 50, unemployed, and my house is in foreclosure. I've seen most of my assets dry up due to the recession. On the upside, the number of millionaires in the U.S. grew by 8% last year. Trickle up Economics. Yay
Good thing he prepaid his health insurance by contributing to a national pool for so many years.
Thanks President Obama and the democrate controlled congress.
What trickles up must come down.
Just get yourself and your loved ones out of the way.
Tigger, the GOP has also failed to support small businesses - just big ones.
It takes money to make money.
jmattadams, HOWGOZIT, have you completely blanked on the Bush and Reagan years? This is EXACTLY what happened under them. The liberal beef with Obama is that he is acting like a Republican and failing to defend the actions necessary to save the economy for ALL Americans, not just the rich.
Those new millionaires came from the same herd of brokers and traders as the last bunch. Small business is still barely hanging onto the rim of the same toilet “Reaganomics” threw them into.
I’m glad they can’t take it with theim. Boy, I bet it will be so hard for them when it is time to leave.
Panel 4 is pointing out the flaws of “Trickle down” economics. The rich get richer at the expense of those with whom the “excess riches” are supposed to trickle down onto. Wages for the middle class have remained very stagnant while wages for the top one percent continue to increase. “Trickle down” has not worked, and the middle class continues to get crushed while we CONTINUE the war on the middle class and the poor.
The facts simply do not support trickle down. The wage disparity and the distribution of wealth clearly display evidence that everything has actually “trickled upwards.”
In fact, with the taxes on Capital Gains set at 15%, we actually tax the top 2% LIGHTER than we tax the majority of the population. This is a fact. They may pay most of the taxes, but that’s just due to SIMPLE MATH, not due to heavy taxation.
For the mathematically challenged: 15% of 90 is greater than 20-25% of 10.
Understand that I am not saying “OMG tax teh [sic] rich like crazy.” I am stating facts, and advocate closing tax loopholes and simplifying the tax code.
As for Panel 3, I sincerely doubt it has to do with “small businesses” (since 98% of small businesses make less than $250,000 a year), and more to do with manipulation of the stock market – the ‘financial weapons of mass destruction’ “hedge funds” – and betting against bad loans. It also didn’t help that taxpayer dollars went to funding multi-million dollar bonuses for bankers who made bad decisions while we bicker amongst ourselves about whether or not we should compensate teachers.
The Repugs still don’t get it. LOL!
Repugs are stupid
“Didn’t Obama tell us that good government jobs will trickle down and help us in the communities they are in”
“But if you like the idea of punishing those who create the wealth, ”
“unlike 35% of Americans who get there paycheck straight from the government,”
“Look up “Trickle up Poverty.””
Harley, prove to us that there will be no loopholes in a “fairtax”, and I might support a progressive version, say 0% on food and medicine, 10% on purchases up to $500,15% for items $500 to 2500, 23% for any purchase over $2500. But what’s to keep a well to do individual from avoiding the tax by buying everything from the Cayman Islands or some other off-shore market? It will happen. Or a CEO will hide behind his corporation’s purchasing department, and call all of his cars and yachts business supplies. Show us the safeguards.
The whole reason why rich people love flat taxes is that they get off more lightly than they do today - especially since there are often all sorts of exceptions – as there are with today’s tax laws, which is why Warren Buffett pays lower taxes than his secretary. Some sources of income are not taxed the same way!
Stuart Carlson and Jerry Resler
April 12, 2017
May 28, 2018