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Will the trickle down economics actually work?
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<blockquote data-quote="Benben" data-source="post: 3284151" data-attributes="member: 25133"><p>We saw first hand the past 4 years in Kansas that as the L.L.C.'s and "pass through" entities paid less and less and then NO state taxes. Those increased profits were not plowed back into the business' to grow them as much as the owners used the savings to purchase other existing companies. We saw it across many different industries. From car dealerships to health clubs. We saw a large number of medical practices change hands and "merge" including specialty hospitals. We saw many chain franchise restaurants get "absorbed" into pass-through groups which owned many others. It had become the 1%'ers welfare. Avoid paying state taxes and use that money not to create jobs but to purchase existing business' from which to get richer while avoiding even more state taxes! There was no decrease in unemployment because of Brownback's tax plan as all the states around Kansas had lower unemployment. All the states around Kansas had better recovery after 2008. And until only last year no other state near Kansas added debt at even 1/2 the rate Kansas did.</p><p></p><p>This is what I meant when I said, "The rich use the increased money to buy existing business's instead of starting new ones or creating more jobs. They buy companies from other rich dudes who are wanting to cash out!" "amassing more assets"</p><p></p><p>Your "Investment + Labor creates more wealth..." is a very, very outdated econ 101 premise </p><p></p><p>Got a question for you. Since Trump still owns well over 200 "companies" (last I heard.), AND Before moving moving to DC his daughter and his son-in-law owned over 300 companies or were on the "boards" of those companies (I suspect the "controlling officers". A better word would be "benefiting officers" IMO.) My question to you is this; what percentage of those "companies" are actually pass-through entities and their "owners" will pay 21% fed tax in 2018 when they paid 39.6% in 2017.....before the accountants work their magics. <strong>ALL WHILE NOT ADDING 1 JOB OR PAYING 1 OTHER EMPLOYEE A DOLLAR MORE! You know....TRICKLE DOWN ECONOMICS!</strong></p><p><strong></strong></p><p>I tried to write this not combative or confrontational or demeaning how'd I do?</p></blockquote><p></p>
[QUOTE="Benben, post: 3284151, member: 25133"] We saw first hand the past 4 years in Kansas that as the L.L.C.'s and "pass through" entities paid less and less and then NO state taxes. Those increased profits were not plowed back into the business' to grow them as much as the owners used the savings to purchase other existing companies. We saw it across many different industries. From car dealerships to health clubs. We saw a large number of medical practices change hands and "merge" including specialty hospitals. We saw many chain franchise restaurants get "absorbed" into pass-through groups which owned many others. It had become the 1%'ers welfare. Avoid paying state taxes and use that money not to create jobs but to purchase existing business' from which to get richer while avoiding even more state taxes! There was no decrease in unemployment because of Brownback's tax plan as all the states around Kansas had lower unemployment. All the states around Kansas had better recovery after 2008. And until only last year no other state near Kansas added debt at even 1/2 the rate Kansas did. This is what I meant when I said, "The rich use the increased money to buy existing business's instead of starting new ones or creating more jobs. They buy companies from other rich dudes who are wanting to cash out!" "amassing more assets" Your "Investment + Labor creates more wealth..." is a very, very outdated econ 101 premise Got a question for you. Since Trump still owns well over 200 "companies" (last I heard.), AND Before moving moving to DC his daughter and his son-in-law owned over 300 companies or were on the "boards" of those companies (I suspect the "controlling officers". A better word would be "benefiting officers" IMO.) My question to you is this; what percentage of those "companies" are actually pass-through entities and their "owners" will pay 21% fed tax in 2018 when they paid 39.6% in 2017.....before the accountants work their magics. [B]ALL WHILE NOT ADDING 1 JOB OR PAYING 1 OTHER EMPLOYEE A DOLLAR MORE! You know....TRICKLE DOWN ECONOMICS! [/B] I tried to write this not combative or confrontational or demeaning how'd I do? [/QUOTE]
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