Just one more tax cut, bro. I promise one more tax cut and it will fix everything bro. Bro. It’ll trickle down bro. You’re not looking at the right numbers bro. Please. They already pay so much. Bro cmon just one more tax cut I promise bro.
Just one more trickle down bro, this is the last tax cut bro, it’ll trickle down this time bro, I promise bro. 40 years of trickle down trickling up is woke bs bro, 4 more years of trickle down and we make America great bro, we’re so close I promise bro
I just need one more round of CARES act funding bro. Just one last capital infusion and I’ll start to share the wealth bro. Just one more bailout bro. I swear I’ll play nice with the other bros bro. I’ll be a job creator, you’ll see bro.
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I live in Pakistan and we have been going through a terrible economic turmoil. On top of indirect taxes, the salaries of average people are taxed like crazy. Meanwhile, the businesses refuse to even come under the tax net. While inflation and currency devaluation are going crazy, and the government has been begging IMF for a bailout, government departments did mental gymnastics to provide relaxation to 5,000 out of 10,000 big retailers tax relief with bullsh*t reasons like size of their brick and mortar shops. I’m so sick of all of this. Sorry for the trauma dump. I’ve been incredibly frustrated.
Karachi still largely relies on paper money rather than cashless transactions (I live in the UK and hardly ever carry cash on me). So it wouldn’t surprise me if businesses are underreporting their revenue so they can avoid paying taxes. If a business insists on cash in the UK, there’s a good chance they’re underreporting their revenue.
This is 100% the case. I also don’t like to carry cash but the amount of business, even the ones you’d expect to be well integrated with basic payment technologies, will try their best to discourage electronic payments. It is honestly very disheartening.
You know processing electronic payments cost businesses money? I’d encourage cash too, even with perfect reporting.
First of all, the businesses I’m talking about are already pushing the 2% fee on to the customer if you pay via card. Secondly, they throw tantrums even if you ask them to make a bank transfer instead. It’s funny when a small corner store is more willing to accept electronic payments than a multistory electronics market. Lastly, all these tax evading mfers get 0 sympathy from me. For all its faults, the government has launched multiple drives to bring these aholes under tax net by offering them ridiculous incentives yet they refuse to, facing 0 reprecussions, while people like me, the salaried, are getting raw-dogged by everyone.
If a business insists on cash in the US, there’s a good chance they’re selling drugs on the side.
That’s absolutely untrue
Most countries have an army, but Pakistan’s army has a country.
-Unknown
Facts.
Same with Egypt as it happens.
Let’s be real: it’s working exactly as intended.
Look at extremes like Musk. Of course he is generating jobs. But he also took 200 billion or so from everyone else for himself. That’s not going to trickle down.
Of course he is generating jobs.
Didn’t he fire most of Twitter’s staff?
A quick search tells me he fired ~80% of Twitter staff.
Gg
“these rich people will create new industry and new jobs” 🤣
How much would trickle down if he died?
It would trickle down to his 12 children or however many he has. Except the trans one because she disowned him. Can you imagine what a monster of a father he must be for one of his children to disown him when he’s the richest man in the world?
So it would go to being spent by 12 people instead of one? Seems like it’s trickling down pretty hard right away.
Not that it matters. The right-wing will continue to claim, in the face of all evidence, that it works, and their voters will choose to believe them, as always.
Smile, not because it’s happening; smile because absurdism is the only fucking way to cope with this hellhole we’ve inherited XD
Well… There is another way to deal with it, but we’re not allowed to talk openly about it.
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That’s what usernames are for.
It worked, sort of, just not for you, me, or the 40,000,000 Americans (that we know of) who can’t afford to miss a day of work.
40 years on the minimum wage has been seven bucks for 15 years and we’re still voting for trickle-down economics every two years. Both parties have made this a core piece of their governing, and we reward them for it. That’s success.
We just didn’t cut enough. Let’s try for 50 years with even more cuts
Pal, cuts on social spending aren’t enough to balance the budget, we gotta cut taxes (income) while spending even more on bombs! Then, once we’re voted out of office for being such moronic cretins, we can blame the ballooning debt on the rube who just inherited it! Foolproof!
Excellent strategy Rudy, let’s call Rupert and get him to sell it to the cucks who keep paying for our legal expenses.
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Lolwut
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I repeat my previous question
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Try harder
Who could have possibly predicted that? I mean, aside from the millions and millions of us who absolutely did predict that and have been screaming about it for decades?
Well, the people who drafted the policy predicted it too, don’t make them seem like they were uncalculating!
The best illustration of trickle down economics I’ve seen:
https://kbin.social/m/my_mouldy_memes@lemmy.blahaj.zone/t/267038/The-lies-capitalists-tellSame energy as a 13 year old girl posting on her Tumblr.
It’s correct but I wouldn’t be caught dead spreading it. I’d rather show the way that basically every bit of progress the US made until Reagan stopped with him. Wages and productivity rose in lockstep… Until Reagan. Charts & figures > sHE beLIEveD
I wouldn’t be caught dead spreading it
good thing you weren’t then lmfao
I on the other hand wouldn’t be caught dead using US “progress” as an example of anything other than the evils of colonialism and capitalism, or allowing anyone to think I thought all the shit we’re dealing with started with Reagan, because that would show just how wilfully ignorant I am.
But hey, you do you. 😂
Read all about it in this month’s issue of
RIP Norm
Me walking up to the banks like yo I’ve been told I’m supposed to collect my trickle of rich people money. This the place right?
Did it work though? Wearing a ski mask and carrying a firearm does help, but the cops will hate you for this simple trick.
Oh well, guess we have to just try it some more and see if the results improve. /s
we’ll get that fat drop of wealth from the sweat of billionairs next year, I can feel it
What do you mean they just put it in offshore bank accounts instead of letting it trickle down?!
Are we sure we’ve given them enough?
Republican Strategist: “We just haven’t cut the taxes for the ultra rich enough!1!!”
Fox News Watcher making $40k/year and barely scraping by: “Yeah, he’s right! Those damn DemocRATs are looking to take MY money when they try to raise taxes.”
I, for one, am shocked that giving sociopaths money didn’t improve my life.
