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Topic Title: It is trickling down all right.
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Created On: 01/18/2020 07:03 AM
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 01/18/2020 07:03 AM
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scombrid

Posts: 14675
Joined Forum: 07/24/2003

JPMorgan Chase, Bank of America, Citigroup, Wells Fargo, Goldman Sachs and Morgan Stanley - got an $18 billion tax break in 2019. That is 6 entities. Trump was bragging about making the bankers look very good the other day. Hundreds of millions in corporate tax breaks in two years. 94 percent of that has gone to stock buyback which just inflates portfolios. Trump loves the mega banks. Not doing much for the 90 percent of the rest of us.

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 01/18/2020 07:08 AM
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RustyTruck

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Stock buybacks drive up stock prices, voila, "look at this great economy"...



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My new view on the future of American government is that when nothing remains, everything is possible.
 01/18/2020 07:09 AM
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scombrid

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This is like merry old 17th and 18th century England. A handful of lord control all the capital and dictate the wars. They expect the merchants and peasant to pay for it all. Can you afford Trump's wall? I can't.

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 01/18/2020 07:11 AM
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scombrid

Posts: 14675
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Originally posted by: RustyTruck Stock buybacks drive up stock prices, voila, "look at this great economy"...
And they will sell the stocks when they decide to crash the market. They stuff the money in mattresses and leave the low end 'investor' with a bunch of devalued crap in their retirement portfolio. It is coming and they aren't even being coy about it. Trump is right there Trumpeting about it to the banksters.

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 01/18/2020 07:16 AM
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scombrid

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You start with nothing. So you borrow money to go get an advanced degree. You then set out to build a nest egg with wage income. But if you manage to make a 6 figure income they tax the shit out of it and they won't let you deduct the student loan interest from your med school loans. Their kids don't have to pay for an MBA or a DVM themselves. They deliberately structure it to stop the plebes from gaining status that would threaten theirs. Hell, I got paid to go get a degree. Even debt free it is still a slow climb to build wealth on wages that get taxes all to hell. I will be a very old man before the tax structure on things like capital gains outweighs the income tax I pay to support the fucking bankster class.

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 01/18/2020 10:03 AM
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Cole

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Joined Forum: 07/22/2003

JPMorgan Chase, Bank of America, Citigroup, Wells Fargo, Goldman Sachs and Morgan Stanley - got an $18 billion tax break in 2019.

You also need to mention that the $18 billion is along with record profits and that those profits are coming from rising consumer debt.
 01/18/2020 11:21 AM
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villageidiot

Posts: 821
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And your rank in file Trump supporter who I will generically refer to as "Bubba", doesn't care about any of this as long as he continues to talk shiat about them dark skinned folks,
 01/18/2020 11:23 AM
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villageidiot

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They'll vote for him as they're "squealing like pigs"
 01/18/2020 12:32 PM
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RustyTruck

Posts: 22245
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It's time to consider alternatives to capitalism as we know it.

Public banking (Post Office), public owned housing for low income/students, public funded secondary education would be great starts.
Those who have taken too much have to give back. Call it guillotine insurance.

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My new view on the future of American government is that when nothing remains, everything is possible.
 01/18/2020 05:38 PM
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cheaterfiveo

Posts: 3897
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Well Its trickling down my way; Capitalists are plunking down 6 hunge per trip till the end of April so far . Thanks to Trump and the economy, discretionary income is flowing

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 01/18/2020 09:08 PM
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fishkller

Posts: 5306
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Thanks Obama.

You're welcome for the coat tail ride..

Don't forget who got us into the Great Recession of '07, who got us out, and who is trying take credit for bread they didn't bake.

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Edited: 01/18/2020 at 09:10 PM by fishkller
 01/19/2020 04:45 AM
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Fish Killer

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Originally posted by: fishkller

Thanks Obama.



You're welcome for the coat tail ride..



Don't forget who got us into the Great Recession of '07, who got us out, and who is trying take credit for bread they didn't bake.


Obama on his BEST day could NEVER have invented this economy!

EVER!

Go puke your bullshit somewhere else!

FOOL!

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 01/20/2020 05:52 AM
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Cole

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A 29,000 point Dow that no one can explain? Lookout.
 01/20/2020 09:00 AM
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stokedpanda

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imagine the master of bankruptcy and shady biz trying to get us out of the financial crisis Obama and his team did.....who would he have blamed!?

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 01/20/2020 10:41 AM
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Fish Killer

Posts: 44496
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Originally posted by: Cole

A 29,000 point Dow that no one can explain? Lookout.


Liar!

You've been spouting that bullshit for over 3 years!



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 01/21/2020 04:11 AM
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Cole

Posts: 42082
Joined Forum: 07/22/2003

An exploding debt for what, 2.5 percent growth?

And yet the Markets continue to climb?

Has Trump gotten to the Fed?

Does Trump have a hand in the economic numbers?

And if you say now way, just think for a second. Would he if he had the opportunity?
 01/21/2020 06:49 AM
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tpapablo

Posts: 31247
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Originally posted by: cheaterfiveo Well Its trickling down my way; Capitalists are plunking down 6 hunge per trip till the end of April so far . Thanks to Trump and the economy, discretionary income is flowing
Yeah, me too. Guess there's always going to be a bunch of losers who can't even thrive in one of our best economies ever.

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 01/21/2020 07:46 AM
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wtf

Posts: 3740
Joined Forum: 11/23/2005

Thanks Obama! Still making me money three years later.

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trump - putting the 'con' in conservative
 01/21/2020 07:58 AM
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Fish Killer

Posts: 44496
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Originally posted by: wtf

Thanks Obama! Still making me money three years later.


Doesn't one love an obvious liar!

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 01/21/2020 08:02 AM
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HAPDigital

Posts: 8208
Joined Forum: 11/29/2004

Thanks Obama!


"The Obama administration then confronted the worst economic crisis since the Great Depression when it initially took office. It passed a massive stimulus package in February 2009 to jumpstart the economy - and it was successful. The Congressional Budget Office said in a report that GDP growth was higher from 2009-2012 in part due to the package.

Trump has benefited from Obama's economic stewardship, as GDP growth under his watch has consistently been between two to three percent. In 2018, it was 2.9 percent. Economic forecasters, however, expect the nation's steady GDP growth to slow down in 2019, dragged down by trade tensions and weaker growth overseas."

Edited: 01/21/2020 at 08:03 AM by HAPDigital
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