Free Republic

A president’s budget proposal is seldom passed into law. Instead, it’s an expression of the priorities the president promises to fight for, often coming on the heels of an agenda laid out in the State of the Union address. In his recent State of the Union speech, President Biden previewed his economically populist priorities when he said “the days of trickle-down economics are over.” Trickle-down refers to the idea that tax cuts for the wealthiest “trickle down” to the rest of us. It’s long been a popular idea in Washington, but it’s just not true. A few years ago, the...

The party will be over for big businesses that push “woke” agendas once the Grand Old Party takes over the House next month, insiders told The Post. Long viewed as the party of big business, fed-up Republicans will now lead committees and have subpoena power as they seek to punish investment firms that prioritize the environment over fossil fuels, as well as trying to rein in China’s outsized influence on the US economy, according to several sources interviewed by The Post. “There is frustration with specific issues like woke capitalism but it’s also the case that the GOP sees Wall...

President Joe Biden is expected to announce $10,000 of student loan “forgiveness” for low- and middle-income Americans earning less than $125,000 on Wednesday. While the move is ostensibly to give lower-income Americans a lift in Biden’s recession, a closer look at the numbers shows it will disproportionately aid those who are better off.According to an analysis of Biden’s plan from the University of Pennsylvania out Tuesday, such a wide-ranging bailout will come with a price tag of $300-$980 billion for American taxpayers. Furthermore, the university calculated, “Between 69 and 73 percent of the debt forgiven accrues to households in the...

At least 34,000 home health workers in New York appear to have missed a deadline to get vaccinated under a new state mandate, according to preliminary state data, rendering them unable to work and deepening a shortage of home health aides. At the same time, the vaccination rate among home health workers as the deadline arrived on Thursday - 86 percent - exceeded the expectations of some union and industry leaders, and suggested that thousands of workers decided to get their first shot at the last minute to stay employed. Some industry leaders had predicted that as few as 70...

There is another garbage piece by Ralph Martire on Sunday in the State Journal-Register of Illinois, titled "Trickle-down harms people, communities and the government."Democrats' theory on what they call trickle-down economics, meaning that those in higher-risk leadership positions make more money than those in lower-responsibility positions, is that it's a problem. Their solution is socialism at its worst: for the government to continually confiscate a greater share of money for the government and then to trickle out some of the money to those the politicians and bureaucrats decide should get it. A significant amount of money is trickled to special...

A majority of Americans support measures favored by President Joe Biden to substantially redistribute U.S. wealth, according to an Ipsos poll for Reuters released on Thursday, including tax hikes on the wealthy and a higher minimum wage. The national opinion poll also found that Republican voters were divided over the "trickle-down economics" championed by their party's leaders since President Ronald Reagan some 40 years ago.

PHOENIX -- Got stocks, land or similar investments? The state House voted Wednesday to give you a tax break when you sell those items. But how much you will pocket depends, quite frankly, on how much you make. And the 183 richest Arizonans -- those making more than $5 million a year -- will each walk away with an average of an extra $27,000. At issue are capital gains. That's the difference between what people pay for an investment against what they make when it is sold. By state law, the profits on anything held for less than a year...

Does money roll downhill? In their drive to cut taxes, President Donald Trump and congressional Republicans are betting it does. Behind their legislation is a theory long popular among conservatives: Slash taxes for corporations and rich people, who will then hire, invest and profit — and cause money to trickle into the pockets of ordinary Americans. The White House says the plan’s corporate tax cut alone would eventually raise average household incomes by $4,000 a year. The tax plan’s “trickle-down” approach was popularized in the 1980s during the Reagan administration, though it dates back at least to a 1932 wisecrack...

A FRiend recently pointed out that the opposite of 'trickle down' economics is 'trickle up'. How true! In any banana republic [such as the 'U' SA] the tyrant tops the economic food chain -- that's where the economy trickles up. And sometimes the minions are even more dangerous, such as Obama's 'subordinate', Hillary. View what she achieved already and then imagine her in the Oval Office [with her husband's experience to guide her] ... 1. Watered down AIDS medication [*a*] which should come as no surprise after their ... 2. Tainted prison blood scandal. [*b*] Anyone greedy enough to infect...

http://www.theamericanmirror.com/video-bill-clinton-slams-awful-legacy-of-last-8-years/

-- snip -- If his appeal was based on his language and bluster, America would have elevated someone like Howard Stern or Ann Coulter long ago. If his appeal was based on foreign policy concerns, why isn't a military general leading the charge? It's the economy, stupid! And the fact is that real, median household income peaked at nearly $58,000 back in 1999 and has been sliding ever since, standing now at just $53,657. This can all be summarized in two charts: The relationship between corporate profitability and labor's share of income shown above. Cheap laborers (both undocumented unskilled and...

New York's new mayor, Bill de Blasio, in his inaugural speech, denounced people "on the far right" who "continue to preach the virtue of trickle-down economics." According to Mayor de Blasio, "They believe that the way to move forward is to give more to the most fortunate, and that somehow the benefits will work their way down to everyone else." If there is ever a contest for the biggest lie in politics, this one should be a top contender. While there have been all too many lies told in politics, most have some little tiny fraction of truth in them,...

Or: The Dangers of the Church (When it Meddles with Affairs of the State) Right, not a pleasant topic, to be sure and I expect to receive some flak for this. First, I’ll confess to admiring some aspects of the path the man who is Pope Francis has taken. I have been glad to read reports that he has rejected some of the trappings of the papacy and that he appears in some ways to be an in-touch-with-the-common-man Pope. However, to use his pulpit to preach about the “failings” of capitalism is, I believe, not his place. I’d be quite...

The Vatican Insider newspaper in Italy reported my comments responding to Pope Francis that “Jesus Christ is weeping in heaven hearing Christians espouse a socialist philosophy that has created suffering and poverty around the world. It is impossible to love one’s neighbor as yourself without fighting against socialism,” I hope to explain further and propose solutions. Initially, at least this new Pope Francis is trying. Francis obviously cares. News reports say that Francis is sending the Vatican guards and other staff to go out at night within the City of Rome to help the homeless and the poor. This is...

From Pope Pius XII, the much beloved, anti-communist and anti-Nazi pope, to Pope Francis, the 266th pontiff of the Catholic Church, the church has undergone a lot of changes. In the 224-page document, “The Joy of the Gospel,” Pope Francis critiqued the following. •The current capitalist inequalities (Socialism and communism were never equal; there were two classes, Communist Party apparatchiks and the proletariat.) •“The idolatry of money” (The Vatican is wealthy beyond belief if one considers thousands of priceless works of art, marble statues, gold and silver icons, urns, crucifixes, chalices and marble cathedrals around the world. Should the Church...

Actor Steve Buscemi has finally broken his silence to tell the world his expert opinion on the government shutdown. Buscemi opined about the shutdown and much else in a wide-ranging with The Guardian. “I think the shutdown is ridiculous. I think the Republicans in Congress are holding the country hostage. I think it’s criminal. I don’t see why they’re allowed to do it,” he said. Buscemi, 55, said he hopes voters punish the politicians behind the temporary halt of about 17 percent of the federal government at the next possible opportunity. “The tea party faction of the Republican party are...

While Governor Nixon travels the state telling taxpayers he can’t cut their taxes, Kansas cuts taxes and welcomes new jobs. When Kansas passed a series of tax cuts for businesses and individuals during the 2012 legislative session, the media and liberal politicians scoffed. “How can state revenues grow if taxes are cut?” they asked. Gloom and doom followed. Media and politicians across the country, even within the state borders, predicted financial chaos, massive state service cuts, even bankruptcy.

Dr. Thomas Sowell's "'Trickle Down Theory' and 'Tax Cuts for the Rich'" has just been published by the Hoover Institution. Having read this short paper, the conclusion you must reach is that the term "trickle down theory" is simply a tool of charlatans and political hustlers. Sowell states that "no such theory has been found in even the most voluminous and learned histories of economic theories." That's from a scholar who has published extensively in the history of economic thought. Several years ago, Sowell, in his syndicated column, challenged anyone to name an economist from any economic school of thought...

The nation needs the so-called Buffett Rule and can’t afford to keep giving tax cuts to the wealthiest Americans “who don’t need them and didn’t even ask for them,” President Barack Obama said in his weekly address. “As many Americans rush to file their taxes this weekend, it’s worth pointing out that we’ve got a tax system that doesn’t always uphold the principle of everyone doing their part,” Obama said. His address caps a week-long effort by the administration in promoting the proposal that would require millionaires to pay a minimum of 30 percent of their income in taxes. The...

The headlines that ran side by side on the front page of Saturday’s New York Times summed up, inadvertently, the terrible fix that we’ve allowed our country to fall into. The lead headline, in the upper right-hand corner, said: “U.S. Deficit Rises to $1.4 Trillion; Biggest Since ’45.” The headline next to it said: “Bailout Helps Revive Banks, And Bonuses.” We’ve spent the last few decades shoveling money at the rich like there was no tomorrow. We abandoned the poor, put an economic stranglehold on the middle class and all but bankrupted the federal government — while giving the banks...