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Reply to "Big Beautiful Bill"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Bbb mainly rolls back all the increases Obama jettisoned in during his first term - higher income levels for food stamps, illegal alien benefits, etc. [/quote] It also partially repealed the ACA. Without any replacement. Republicans will reap what they sow.[/quote] Which didn't exist earlier, somehow without billions of deaths of poor people. [/quote] Some deaths and many many bankruptcies from medical debt. A poorer sucker country. In order to pay for tax cute that are not stimulatory. Galling.[/quote] So you have more money due to tax cuts, but don't do anything with it? You don't spend it on goods or services produced by people who earn their livings by providing those goods or services? You don't invest it in companies which hire employees to produce desirable goods and services so they can make a profit while employing people? You just bury your tax savings in your back yard? Seems improbable, but if you say so, it must be true, and in that case there would indeed be no tricking down of your increased wealth. [/quote] George Herbert Walker Bush called Reagan's supply side economics "voodoo" - there is no truth to "trickle down" and never has been. An economic myth that has destroyed the middle class, destroyed the US fiscal balance and has handed Russia and China global victory without firing a shot.[/quote] So nobody spends any of their money, so it never changes hands. Seems improbable. If people do spend money, which seems more likely, where does it go? Common sense would suggest it goes towards goods and services provided by other people, and therefore "trickling" somewhere, but maybe you know better.[/quote] And when you put more money in the hands of the lower and middle classes, more of that money gets cycled through the economy. When you put it in the hands of the 1%, it simply gets horded. You don't have to believe me, but you should believe the GOP economics of the last 35 years which has proven the case time and time again.[/quote] Ah, ok. Only rich people bury their money in their back yards. Got it. Funny, I would have thought that they spend and invest it like other people - buying goods and services, and investing in companies which have employees and which themselves buy goods and services to support their own activities. How silly to think that "the rich" don't do those things at all. I guess they don't run companies, drive cars, live in houses, employ other people, purchase food, engage in philanthropy, pay taxes, or do anything else which would cause them to loosen thir grip on any of their money. [/quote]
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