Did you know that the Tax Reform Bill has PASSED? YEAH!!!!!!!

Trickle down economics has never worked.

Little economics lesson:
Okay, settle down everybody. Spencer - detention.
Now, say for argument's sake I'm a small retailer in a run-down part of town. I have a few hundred customers a week and employ two staff.
Trump's tax bill is passed. I get a tax cut, so do that small percentage of my customers who are on $70k plus per annum. VERY small, I'm on the wrong side of the tracks, remember? The majority of my customers are on less than half of that,  they've just had their health insurance taken away so they have less to spend in my store, they're spending it on insurance and/or medical bills. Some will stop coming in altogether, they can no longer afford to. So my staff has less to do - why would I hire more staff? I'm far more likely to CUT hours.
The little extra that those on large incomes spend doesn't even approach the amount I'm losing because the waitresses, street sweepers and retired folks aren't coming in any more. 
That's trickle down economics in a nutshell. Class dismissed.

I have been trying to tell that to everyone here for months. IT DOESN'T WORK, FOLKS. Everyone  (republicans) have been brainwashed that corporations are going to increase wages and hire more workers. The few that have done so are throwing bones to make a few thousand people happy...for now. Sanders said it. Wait until next November and see what happens.
Slarti for President.

I wasn't born a US citizen, so I can't run even if I emigrate there 

No one had their health insurance taken away.  The only thing eliminated was the tax/penalty Obamacare imposed on those too poor to afford insurance but who made too much to qualify for Medicaid.  

ANY CHANGE in tax / government spending has winners and losers in the short term. Just because you can see one mechanism by which certain sectors might be disadvantaged in the SHORT TERM, is irrelevant. You have no perspective. There are thousands of factors in play. What you have written here is simplistic bullsh*t.

It stands to reason that low taxes motivate people to produce, because they can afford the things they desire, and high taxes discourage production. Rich people refuse to be squeezed and the more you try to squeeze them, the lazier they're going to be.

Ultimately the fate of the small retailer in the run down part of town depends on the long term development of the town. Low taxes allow middle class people to become rich. Low taxes cause rich people to invest. As the neighborhood ceases to be a sh*t hole, middle class people move in. Then small businesses start to do better.

Some businesses will fail and that is a good thing. Capitalism operates by creative destruction. It creates prosperity by allowing good things to succeed and mediocre things to fail.

Tell that to Volvo AG Heavy. Sold its unprofitable passnger cars arm, still making squillions manufacturing trucks, buses and earthmoving equipment - in Sweden. Sweden's National Debt as a percentage of GDP is only a tiny fraction of the USA's, too.
Rich corporations will invest - in hedge funds. Shelf companies. Tail-swallowing bullshit that produces nothing, creates no jobs. The Greek national sport is tax avoidance - its economy is at the bottom of the deepest cesspit imaginable. No revenue.
The poor will continue to be poor, slashing services to pay for tax cuts to the rich will make them poorer. The rich manufacturers will invest, too - in more and better automation. Result - mass job LOSSES.
Trickle down economics has been tried just about everywhere - all it does is fuel inflation and make the gap between the haves and the have-nots wider, as well as creating more have-nots. It doesn't work.

This post was edited by Slartibartfast at December 24, 2017 5:43 PM MST

Comparisons to Sweden are false. Sweden has corporation taxes of only 22 percent. It's a far better environment for big business than U.S. was until Trump's cuts. The Swedish economy is set up to keep ordinary people down with high taxation, and suppressing small business with regulation so that big business can dominate the market. This is what socialism truly is. It's a way for fascist corporate interests to strangle all competition, consolidating power for themselves. (In the U.S., the establishment is still in the strangulation phase and not ready to cut corporation taxes yet.)

Greece collapsed because government spending was too high, not because taxes were too low. All economies with high government spending are unsustainable because it’s just not human to work hard for things of little or no personal benefit. Raising taxes high enough to balance the budget would crash everything.

Automation is a massive threat anyway whatever economic system we have. The left will not save us from it. The left want as much unemployment as possible because poor desperate people vote left. Leftism feeds on human suffering.

Hedge funds do contribute to society. Any society has to direct investment towards good ideas that will succeed and give people what they desire and away from bad ideas that will fail and give people no return. You can either let the market decide what deserves investment or you can let socialist bureaucrats decide. All the evidence from history is that the market, while imperfect, is infinitely better than out of touch bureaucrats. (Some of what the market does is just gambling on abstract things. It doesn't produce anything, but it doesn't consume anything either. It's just money changing hands. The winner's money sooner or later goes into something real.)

The gap between the rich and the poor is a GOOD thing. In fact, it's essential for any prosperous economy. The desire for equality is weak, envious thinking. Inequality is required to motivate people to produce.

This post was edited by Zeitgeist at December 26, 2017 5:13 PM MST

Great comment. ;)

Key word...Hopefully.