[Politics] "Trickle down economics has never worked"

[Sid in the Sharknado]

I wondered who'd be first off he mark and tonight's 'dirty mind' prize goes to SITS

(have we ruined the thread yet or is there still more work to do? )

My artistic taste is impeccable.

Going back to trickle down economics, what's your best album of the 80s?

 

[Harry Wilson's tackle]

My artistic taste is impeccable.

Going back to trickle down economics, what's your best album of the 80s?

Woah! Down boy.

I'll give you the 80s album that has given me the most pleasure (and I realise you're just messin' about, as Kenneth Williams would say, but whatever).

https://www.youtube.com/watch?v=wTT6WJCHnqo&list=OLAK5uy_n2pZqP1KUnRpAmYlZiRavz-BtAYK49HJI

 

[Marlton and Hove Albion]

Year All families
Total Below poverty
Number Percent
ALL RACES
Trump
2019 83,698 6,554 7.8
2018 83,508 7,504 9.0
2017 83,539 7,790 9.3
2016 82,854 8,081 9.8
Obama/Biden
2015 82,199 8,589 10.4
2014 81,730 9,467 11.6
2013 81,217 9,130 11.2
2012 80,944 9,520 11.8
2011 80,529 9,497 11.8
2010 79,559 9,400 11.8
2009 78,867 8,792 11.1
2008 78,874 8,147 10.3

 

[Harry Wilson's tackle]

Year All families
Total Below poverty
Number Percent
ALL RACES
Trump
2019 83,698 6,554 7.8
2018 83,508 7,504 9.0
2017 83,539 7,790 9.3
2016 82,854 8,081 9.8
Obama/Biden
2015 82,199 8,589 10.4
2014 81,730 9,467 11.6
2013 81,217 9,130 11.2
2012 80,944 9,520 11.8
2011 80,529 9,497 11.8
2010 79,559 9,400 11.8
2009 78,867 8,792 11.1
2008 78,874 8,147 10.3

Poverty defined how?

 

[Marlton & Hove Albion]

Poverty defined how?

The only way Poverty is measured. Income.

 

[Marlton & Hove Albion]

**** me:

Knives and hand guns are used for other things, assault rifles are not

Ban ALL assault weapons. You’d save how many lives? It’s political theatre like BLM. Defund ALL police. How many black lives will be saved? Who do you think dies when the police are gone?

The fact that some black people vote for someone, doesn't mean that that person isn't racist. True but the fact that record numbers of minorities did would lead you logically to believe he isn’t.

The fact that Woodrow Wilson openly supported the KKK doesn’t make Democrats racist either.

No trump didn't bomb anyone:

https://www.theguardian.com/us-news/2020/jan/28/us-afghanistan-war-bombs-2019
https://www.businessinsider.com/trump-have-bombed-yemen-more-than-bush-and-obama-combined-2020-10

I didn’t say he didn’t bomb anyone. Bush/Obama policies led to ISIS and Trump eradicated them. Happy or sad?
He executed an Iranian mass murderer. Happy or sad?
He didn’t take the US or allies into pointless WAR. He brought troops home. The facts show he was the least aggressive President of the last 40 years.

He had some decent policies, he didn't do any of them! What policies didn’t he do?

My source is the US census on poverty rate, what's yours?

xxxxxx

 

[Sid in the Sharknado]

Woah! Down boy.

I'll give you the 80s album that has given me the most pleasure (and I realise you're just messin' about, as Kenneth Williams would say, but whatever).

https://www.youtube.com/watch?v=wTT6WJCHnqo&list=OLAK5uy_n2pZqP1KUnRpAmYlZiRavz-BtAYK49HJI

Thanks for the recommendation. Since brass instruments give me the horn, I'm immediately intrigued.

Since poverty is generally defined in relative terms, an increase in average wealth can lead to an increase in the number falling under the poverty line, making the raw number meaningless.

I was earlier reading about the importance in the late 19th century of technical institutes allowing working people to improve themselves, specifically in the context of music and brass bands, but more generally giving wider access to education. I think the idea of self improvement and education in adulthood seems to be missing from modern society, which is ironic given people tend to change jobs more frequently.

I'll save the 80s music discussion for threads more desperately in need of ruining

 

[BadFish]

You mean like all the soppy cry babies that lost their shit when Trump was President?

Possibly? Are they so blinkered by their hatred that it clouds their view of everything?

If so then, yes, just like that.

 

[KeithDublin]

xxxxxx

You're making an awful lot of effort to defend a man who you'd apparently never vote for! There's a reason you're ashamed and won't admit it, and deep down you know that's true.

 

[aolstudios]

'Corrupt' is when a clown comes on NSC in order to piss all over a perfectly decent thread. Again.

This

 

[Machiavelli]

Biden wants to do at least one of the following:
-- improve the public services available to you
-- decrease the taxes that you will pay
-- increase the speed at which the deficit is reduced

See:

https://www.theguardian.com/us-news...lan-could-earn-eu-and-uk-billions-study-shows

The opening paragraph of which reads:

A proposal to be tabled by the US president, Joe Biden, at the upcoming G7 meeting for a 15% global corporate tax rate could reap the EU €50bn (£43bn) a year, and earn the UK nearly €200m extra alone from the British multinational BP, according to research.

 

[zefarelly]

Euros aren't much use to us any more. Can we have it in white fivers? or shillings? ?

 

[highflyer]

Euros aren't much use to us any more. Can we have it in white fivers? or shillings? ?

If it's not available to us in Dogecoin then I'm not interested frankly.

 

[beorhthelm]

A proposal to be tabled by the US president, Joe Biden, at the upcoming G7 meeting for a 15% global corporate tax rate could reap the EU €50bn (£43bn) a year, and earn the UK nearly €200m extra alone from the British multinational BP, according to research.

so which country will be losing tax revenue? they dont really mention that.
we already have corporate tax of 19% (rising 25% 2023) so 15% is not going to affect UK companies directly. it will affect those countries that set lower corporate tax and have this imposed upon them. the corporation will no longer benefit (as much) to route money through countries with low tax so they book the revenue here instead. we gain tax revenue, somewhere loses. and often that revenue will be legitimately from that country, or from other countries other than the HQ

 

[CheeseRolls]

so which country will be losing tax revenue? they dont really mention that.
we already have corporate tax of 19% (rising 25% 2023) so 15% is not going to affect UK companies directly. it will affect those countries that set lower corporate tax and have this imposed upon them. the corporation will no longer benefit (as much) to route money through countries with low tax so they book the revenue here instead. we gain tax revenue, somewhere loses. and often that revenue will be legitimately from that country, or from other countries other than the HQ

RoI, Luxembourg from an EU perspective and anywhere else global corporations can bank profits would be my guess. This includes Virgin Islands, Cayman Islands, Channel Islands etc.

 

[Machiavelli]

RoI, Luxembourg from an EU perspective and anywhere else global corporations can bank profits would be my guess. This includes Virgin Islands, Cayman Islands, Channel Islands etc.

Yes, and don't forget Switzerland, which was the first European country to benefit from inflows from its neighbours, as a result of rising taxation

 

[Machiavelli]

Biden has had enough of trickle-down economics, and wants unionisation to expand the economy from the bottom-up and the middle-out:

https://www.theguardian.com/us-news/2022/sep/05/joe-biden-labor-day-speech-wisconsin-unions

Meanwhile, across the pond, we have a new PM with different ideas