(11-25-2017 07:59 PM)DavidSt Wrote:  

(11-25-2017 06:30 PM)mptnstr@44 Wrote:  

(11-25-2017 10:15 AM)Crebman Wrote:  

(11-24-2017 07:33 PM)DavidSt Wrote:  The tax cuts from Reagan to now Trump have left many people behind while the wealthy have grown. My parents made less than $10,000 a year in the 1980s, and the economy sucks. They both worked their butts off at minimum wage. Reagan's tax cut did nothing for us. It helped placed a gap between the middle class and the wealthy, As it is, the Middle Class are slowly shrinking into the working poor. George W. Bush's paid tax holiday put us into another Great Depression. What did the companies used the money for from the tax cuts? Give CEOs and board members higher pay raises, and buy back stock from investors to inflate the prices of their companies. They never reinvested any money towards the business. That is why Hostess went out of business because of the corruption in the CEO/board members.
And Trump's crowing about the 401 K's growing? Only a small number of people in this country have it, and only a few people who invests in the stock market. The majority of people think the Wall Street is a bunch of crocked crooks that steals money from people and refuse to invest in it. Do you blamed people because of the likes of ENRON?

David, my suggestion to you would be to read what some others here have commented about your "take" on the proposed tax changes.......maybe you can learn something about how economy's work because it's clearly evident that you don't have a clue. What is sad is that there a plenty others that believe as you do and no doubt are staunch Democrat voters as well...... You are their base.

…and the Democrats are counting on the DavidSts of this country staying in the dark as to how an economy really works. If they understood capitalism and free market economics they would stop voting Democrat.

I looked also at world history that had free markets in the past. Ancient Greece and Rome comes to mind. The greed was let the downfall of their kingdom. Even Jesus disapproved of the greed in Israel. Our country is heading down that tunnel because of the greed with these big corporations to make more money for themselves, use slave labor in other countries, and hoard the money for the top guys in the CEOs and not spending to invest in this country.

Greed is not a result of free markets. Greed is a basic human trait. As Milton Friedman famously asked Phil Donahue, can you name a society and economy that don't run on greed?

The reason that free market capitalism works better than other systems to eliminate the adverse effects of greed is that capitalism recognizes greed and harnesses it for good, whereas all the other -isms have to assume that greed can be eliminated. It can't, which is why those other systems do not work.