iBankCoin
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
17,091 Blog Posts

Rich People Are Humans Too

What’s all the fuss about over god damned tax cuts? Would you prefer that we have high as shit corporate tax rates, because…?

Well, because why you stupid shits?

Sure, government needs money so they can waste more of it. But what if we gave them less and instead placed said money into the hands of those EVIL FUCKING rich people, who are actually pretty good at managing money; what if we did that instead? Perhaps the economy could grow at 4% and perhaps there will be more jobs for the blue collared people strewn out across these great lands.

“There is but one season of the year when salmon should be served hot at a choice repast; that is in the spring and early summer, and even then it is too satisfying, nut sufficiently delicate. The man who gives salmon during the winter, I care not what sauce he serves with it, does an injury to himself and his guests.” — Ward McCallister

It would make sense that the tax cuts would help those who actually pay the taxes right? So this isn’t exactly shocking revelations. When the Trumpinator stole the election from Hillary, he never promised to help coal miners with grand tax cuts; that’d be retarded — even by his own standards. He promised MOAR jobs — because Mexico and China had been stealing them. While the latter hasn’t been remedied and the great big southern border wall will never be built, the least we can do is make rich people so god damned fucking rich, well, they’ll start new companies just for the hell of it — employing more coal miners to mind their wares across the nation.

Rich people are just fine, except when said wealth is intermingled with power. It’s the holiday season; hug a rich person and quit being so god damned evil.

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48 comments

  1. ultramarine

    Bully! I wish I could hug you right now, Dr. Fly (no homo).

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  2. acehood

    More jobs for robots? Capex correlates to aggregate demand, and that’s been awol since Lehman.

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  3. ferd

    LOL. I particularly like the Ward McAllister aside.

    Not only are our corporate tax rates higher than the competition, our competition is not burdened with paying the highest health care costs on the planet …nor are most of our competitors burdened with mandated race discrimination and with the favored snowflake-of-the-moment suing them for hurt feelings.

    But of course this bill doesn’t address any of these other issues, nor does it compel any corporation to invest here. Judging by the action last week, the market has told us that the bill benefits the dinosaur Dow-type execs who have been investing in their own stock and not investing in production or in human capital.

    So you’ve got yours and you want to pass it on to your kids ..I get it. So do the authors of the bill. It’s not the worst bill in history, but it worsens the concentration of wealth/power and so hastens the end of our libertine-ish republic. Pity.

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    • insp cluso to you
      insp cluso to you

      So we’re at the point where the only law these pukes can pass saddles the populus with debt so we can make the non-job creators(those that receive the tax benefits but don’t do what the Congress say they will) can have more, and further exacerbates the inability of future generations to be properous, so they can no longer raise taxes to keep doing the same damn thing.

      You Republican voting fools aren’t as smart as you claim. You voted for a Russian conspirator who will have us all wondering how we actually did become a 2nd world country.

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      • ferd

        On the whole, I agree with your first paragraph. Unfortunately, your “Russian conspirator” comment indicates that you may be an easily programmed amoeba whose cilia brushed-up against a CNN news personality.

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        • insp cluso to you
          insp cluso to you

          Fuck you. The comment was directed precisely toward the likes of you. You believe the Faux/GOPparty stereotypes, obviously, and make your voting decision without looking at what your guy does.

          And the Reagan comment below by MSGT validates the point, Reagan ballooned the debt from below $1Tril to eventually ~$5tril under GHB. Thats not a tax cut. Its the same fucking thing the GOP did last night. Its amazing the debt only reached $5tril.

          But congratulations, you can always go over and post on ZH about dumb Demos are and that millenials stupidity never ends, cauz your smart.

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          • soupbone

            asswipe

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          • oldmantrader

            Income/taxes soared to the govt during the 80s. I believe the US congress controls spending and it was dems and repubs responsible. A pox on both their houses. The fact is the less money for those bloated porcine creatures to spend the better.
            A toast to the rich and wealthy for they shall bring us all along for the ride.

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  4. MSGT HARTMAN

    So the Millennial liberal Facebook employee comes home one day and logs into his bank. He goes “Holy Shit, where did I get all this money”?
    So he texts his co-worker and asks “did we get an across the board raise that I didn’t know about”?
    “No” answers co-worker, “that’s the Trump tax cut”.

    This is why Dems hate Republican presidents, they cut taxes and a new generation of voters sees the savings and votes Republican. Look at the Reagan Revolution in 84.

    http://electoralmap.net/PastElections/past_elections.php?year=1984

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    • ferd

      It’s not a tax cut. Soupbone may have gotten into ironbird’s meth stash, but if I understood his partisan grunting, he correctly pointed out that it balloons the deficit and so merely places the tax burden on consumers and on future tax filers. It’s a bill. It redistributes wealth. It’s not a net tax cut over time.

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  5. soupbone

    So what is new here? This is just molting season. What did you expect??

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  6. Dr. Fly

    Can we get past the liberal-republitard schtick for this one issue? Lower corporate tax rates work for everyone.

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    • insp cluso to you
      insp cluso to you

      You have a great mind for stock ideas. But your absolute comment that lower tax rates work for everyone is pure Faux idiocracy. We’re going over the falls while many red and blue, or whatever color Americans are going to pay for this. The same corporations this law benefitted are the ones who moved +65000 factories wholestock over to China. This does nothing whatsoever to repair that and that is the main thing Trump promised.

      What happened to Make America Great Again? Adding a trickle of jobs in Michigan ain’t shit compared to repairing that fiasco.

      Remember that we haven’t spent squat on infrastructure in decades? Still no bill for that.

      Same ol same ol.

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    • dopefeller

      “Major companies including Cisco Systems Inc., Pfizer Inc. and Coca-Cola Co. say they’ll turn over most gains from proposed corporate tax cuts to their shareholders, undercutting President Donald Trump’s promise that his plan will create jobs and boost wages for the middle class.”

      https://www.bloomberg.com/news/articles/2017-11-29/trump-s-tax-promises-undercut-by-ceo-plans-to-reward-investors

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  7. J Adabese (your pen pal)
    J Adabese (your pen pal)

    From what I can see people appear to be more freaked out about the potential reductions to Medicaid and Social security that could be caused by tax cuts. Many vulnerable folks out there.

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  8. insp cluso to you
    insp cluso to you

    GOP saw this and could not stand being #3.

    http://i1.wp.com/dollarcollapse.com/wp-content/uploads/2017/11/Gov-debt-to-GDP-infographic.jpg?ssl=1

    WTF happend to the Tea Party? Its called “astroturf” and its deadly. Same people who voted MAGA. Whats next? “Putin for jobs”?

    I love the uneducated.

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  9. ironbird

    Enough of this pro America tax cuts for all but the rich in Libtard States that are doomed. Shit sandwich you faggots. Brian Ross awaits moar tales of horseshit while being fired for a month or so.

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  10. sarcrilege

    You ladies are so brainwashed. Unbelievable. Taxation is theft and destruction. The Constitution doesn’t permit the fed gubbermint to steal your money, yet steal the feds do. For 150 years the fed gobbermint was run by user fees and sales of government land and assessments to the states for services rendered. It was not until the hofjuden captured and corrupted politicians, indebted the fed gov’t, forced USA Inc. into bankruptcy proceedings, thus receivership, installed their own central bank, the FED, to print their filthy funny tickets called dollars and IRS to fleece amerikan goyim. And yet here you are, not objecting to taxation, sheep who wants to be fleeced by hofjuden. Disqusting.

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  11. moosh

    Ha, Ward only ate salmon during brief specific times of the year. What a moron.

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  12. moosh

    Trickle down beeotch

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  13. whaler31

    I propose that the Georgian gentleman McCallister, although he headed north and became rich off the gold rush in the far west, was unable to foresee a day when we had modern appliances–like freezers and vacuum packers.

    Assuming he was speaking about wild Alaskan salmon (even though Alaska didn’t technically exist yet) he would have been quite pleased to consume the flesh of the beautiful anadromous fish deep into the winter months, particularly the Copper river red salmon variety.

    How anyone on this earth would choose to return to the ghettos of the east coast after experiencing the majestic beauty of the great northwest-is beyond me (New York high society be damned)

    Sadly, pompous fools enamored by consumerism purchase low-level salmon varieties at Costco, thinking they are getting genuine fresh salmon flesh.

    In actuality, they are imbibing in a toxic brew of hormones, antibiotics, beta-carotene and man made, lethargically swimming genetic mutations that were originally mixed with a little bit of “real” salmon.

    These farm raised patented sub-species of “salmon” are reared in the millions, densely packed into massive pens of overpopulated fish-farms. There, they are fed Purina salmon chow pellets from computer controlled mechanical feeders, until finally sea lice attach to their bodies, overcome them and causing a slow, painful death.

    At that point they are rapidly processed by Chinese immigrants working at globalist offshore indentured servant seafood processing plants, then sent to your local Costco distribution hub.

    Ah, yes, then McCallister would go on to share his bounty with his club of four hundred, prepared by his French chef, along with his private label non-frappe wine.

    Then and only then, he could belligerently declare “gentlemen”……”I Have Found It!”

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    • ironbird

      Jesus Christ. Sounds like fish farming is the same as farming. Juice it til it some chimera hellcat. Better lucky than good. Never liked fish. Fucking bones and odd digestion activity.

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  14. ironturd

    You know who else are humans too? Serial rapists, murderers, child molestors, dictators, incestuous families, tax evasionists, human traffickers, racists, violent misogynists. Et fucking cetera. Fuck your logic and fuck your quadruple bullshit uvxy position you massive provocateur blog faggot.

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  15. lesurgeon

    Are we ignoring Bitcoin 11.5k ?

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  16. J Adabese (your pen pal)
    J Adabese (your pen pal)

    The South land $UVXY will rise again !!

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  17. ferd

    While this bill codifies a tax increase for those who must consume what they earn and for future tax payers, it indisputably does give a 100% tax break, beginning in six years, to Trump’s children and other heiresses and heirs. 100%. The new royalty.

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  18. gappingandyapping

    I see zero reasons for companies to even do work anymore. They should just invest in Bitcoin and make billions. Why even make products when you get get a guaranteed free return that outpaces anything they could make.

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  19. insp cluso to you
    insp cluso to you

    So one of my millenials text me “you should get the Movie Pass app”. In Central Oregon no less.

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    • moosh

      I’m torn on that one myself. I want to like the story. I have asked around and gotten same responses. It’s a cool concept, but who actually follows through? Not me

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  20. roundwego

    The game of monopoly ends with all the money back in the box. Soon as there is a winner the game must reset as all other players lost interest. Look at job participation rate.

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  21. numbersgame

    The problem with the Republican’s tax plan is their timing and their tunnel-vison view of the economy. Tax cuts for the Investor Class **can** pay for themselves – during certain economic condition (Supply-side economics). So can tax cuts for Consumers (demand-side economics).

    Think about it this way: given a choice, is it better to buy a heater or an air conditioner? Most people understand that there is not one right answer: to make that decision, you have to look at the environemnt you are in. Take a look at the economy. Does it look like the only thing keeping companies from expanding is lack of funds? With record-low interest rates and record-high corporate profits?

    The Republicans are buying a heater in Florida.

    As ferd said, this is just a redistribution of future income to present day multinational corporations and their stockholders. In all likelihood, this will lead to spending cuts in the future, so it is an upward income redistribution – and the plebes will not be happy.

    No, Republicans and their donors (ie, rich people) are not evil, just ignorant and short-sighted. If they keep playing this game, they will lose both house and the presidency, and everything will slingshot the other way, especially because the Boomers are dying and the Millenials (te hardest hit by the ir policies) are rising.The problem with the Republican’s tax plan is their timing and their

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