Sherrod Brown Calls Orrin Hatch On His Bullcrap Re Trump Tax Deform (AKA Oligarchy Rocket Fuel)

Once you realize that trickle-down economics does not work, you will see the excessive tax cuts for the rick as what they are - a simple upward redistribution of income, rather than a way to make all of us richer, as we were told ~ Economist Ha-Joon Chang (dob 10/7/1963) In 2013 Prospect magazine ranked Chang as one of the top 20 World Thinkers.

Tax "deform". As opposed to "reform". Repub tax "reform" means tax cuts for corporations and the wealthy and scraps for everyone else (or even higher taxes). Which will, of course, increase the national debt.

Video: Senator Orrin Hatch (R-Utah) unloaded on Senator Sherrod Brown (D-Ohio) Thursday night (11/16/2017) after Brown accused Republicans of only protecting the rich in their new tax plan during a Senate Finance Committee hearing (2:13).

"Companies don't just give away higher wages" according to Sherrod Brown. Indeed, they do not. That a tax cut for corporations will cause them to pay higher wages or hire more workers is trickle down bullcrap. Demand causes corporations to hire more workers and a tight labor market forces corporations to pay higher wages.

Yet FOOLS like Rusty Shackelford continue to buy this bullcrap. The trumpy blogger recently wrote that it is his belief that Trump's tax cuts will be akin to "rocket fuel [for] America's economic engine".

Orrin Hatch's feigned outrage pisses me off. I'm sick and tired of these same lies from the Right, over and over. I don't give a damn about Hatch being from the "lower middle class". He's about to create a HUGE mess.

The following from an article by Paul Gambles, a Securities Fundamental Investment Analyst and an Investment Planner.

...my empirically-based model of the new administration's tax, infrastructure and government spending policies (especially the tax policies) forecasts that they'd combine to make a bad situation far worse, derailing the U.S. economy and if enacted now, Trumponomics... would almost certainly tip America into a recession that would most likely become known as America's second Great Depression... (Trump's tax reform could tip America into recession and possibly serfdom. 3/6/2017 CNBC Commentary).

These wealthy-oriented cuts could trigger a "re-run of the 1930s" according to Mr. Gambles. So, calling them "rocket fuel" is accurate, I think. Rocket fuel that will propel us into full blown oligarchy. But this is what Trump supporters wanted, I guess. To cut taxes on the wealthiest while cutting services that many of them rely on.

Fortune Magazine says "Trump's tax cuts are the biggest wealth grab in modern history". But Republicans know the wealthy man is incredibly eager to share what he has with those in lower economic stratas. They just don't have enough wealth yet.

SWTD #395

Regarding An Ignorant Righty & The Tell That If He Uses It You Know He's Lying

If a dishonest creep wants to tap dance, give them the spotlight and a mirror ~ Vanna Bonta (dob 4/3/1958) an American novelist, poet and film actress best known as the author of "Flight: A Quantum Fiction Novel" (pub. 1995). The novel introduced quantum fiction as a literary genre that emerged in the 21st century.

The tell is his use of the phrase "I shit you not". If the blogger Willis Hart uses this phrase you can be absolutely certain that what he just said was 100 percent false. Not that he isn't lying when he doesn't use it... he lies a lot and only infrequently says "I shit you not"... but when he does use it you can be positive that he just lied.

For example, Willis recently posted the following commentary to his blog...

Willis Hart: On Ignorant Leftists; Tao... He apparently believes that there are more than 5 quintiles. Again, I shit you not. (10/25/2013 AT 1:42pm).

(Note: Willis was shamed into removing this commentary. The link, if clicked still goes to his blog, but displays a page that says "Sorry, the page you were looking for in this blog does not exist").

This Hart lie was in response to an argument between him and Tao on the rAtional nAtion blog. Willis tried to prove his point by using data from the IRS website, which is broken down into five earnings categories (which the IRS website refers to as quintiles). Tao correctly pointed out that Willis' use of that data couldn't prove anything about the top 1 percent wage "earners" because with only 5 categories, those in the top 1 percent are lumped in with people earning a lot less.

Quintile 5 includes everyone making $178,020 and up, so CLEARLY Willis cannot prove anything about the 1 percent using these figures. Tao is correct, even though what he actually said was, "First off, your use of IRS quintiles is uninformative because the IRS only has five quintiles".

Since the word "quintile" (in statistics) means something that is divided into "five equal proportions" Tao, in saying "the IRS only has five quintiles" reveals his ignorance (according to Willis)... you can't have more than 5 of a thing which, by definition, has only 5 portions.

But everyone else who read the comment knew Tao meant that since the top income range covers everyone who makes more than $178,020... that data IS uninformative when it comes to making any point concerning the top 1 percent. So, even though Tao should have referred to income broken into categories and ditched the word "quintile"... his point is still ABSOLUTELY correct!

But instead of acknowledging his incredible wrongness the lying Hartster does a tap dance concerning Tao using the word "quintile" incorrectly to obfuscate the fact that Tao was right and Willis was wrong. And really Willis, a lame "definition flame" is all you got? IMO, you can't get much more dishonest than this... I shit you not.

#214, wDel #39.