Filmmaker and entrepreneur Tyler Perry is a billionaire. His Atlanta studios receive massive tax write-offs, premised on the idea that his success will inspire others. If that sounds familiar, it’s because it’s a liberal version of trickle-down economics.
No. The top 10% aren’t giving money to help mom and pop businesses, they are buying stocks, the vast majority of which they own , removing that wealth from the larger economy, as I was saying.
I earn about 1,000 times the median American annually, but I don’t buy thousands of times more stuff. My family purchased three cars over the past few years, not 3,000. I buy a few pairs of pants and a few shirts a year, just like most American men. I bought two pairs of the fancy wool pants I am wearing as I write, what my partner Mike calls my “manager pants.” I guess I could have bought 1,000 pairs. But why would I? Instead, I sock my extra money away in savings, where it doesn’t do the country much good.
He’s not an exception, you utter buffoon, he’s the rule! 🤦
One of these days I’m gonna learn to just leave it alone when I see your username or just block your Dunning Kruger poster boy ass. This is somewhere between the 3rd and 5th argument we’ve had in the last 5 or so months and you’ve been arrogantly obtuse every single time 😮💨
How?
Through investment. Meaning it is back circulating.
No. The top 10% aren’t giving money to help mom and pop businesses, they are buying stocks, the vast majority of which they own , removing that wealth from the larger economy, as I was saying.
That’s, by definition, not removing wealth from the economy.
What if I told you that you could support taxing wealthy people more and know how basic facts of the economy work.
Personally I’m for dramatic progressive tax increases on the top 3 quintiles. That doesn’t change basic facts.
To quote a self-aware billionaire:
Well I guess not everyone is good with money, but this is hardly an exception that invalidates anything.
He’s not an exception, you utter buffoon, he’s the rule! 🤦
One of these days I’m gonna learn to just leave it alone when I see your username or just block your Dunning Kruger poster boy ass. This is somewhere between the 3rd and 5th argument we’ve had in the last 5 or so months and you’ve been arrogantly obtuse every single time 😮💨
Go nuts man