AOC Idiocy At Its Finest

[Rightguide]

What a dope:

Rep. Alexandria Ocasio-Cortez sees the soaring Dow as ‘inequality in a nutshell’

Posted at 9:52 pm on January 11, 2020 by Brett T.


Rep. Alexandria Ocasio-Cortez majored in economics — she also helped drive a new Amazon headquarters out of Queens on the mistaken belief that tax breaks “cost” money, ensuring that thousands would have no wages in her district.

Now the Dow Jones Industrial Index is soaring and she needs to put a negative spin on it, so she’s decided to describe what she claims is “inequality in a nutshell.” We already don’t trust her, but at what point can we say we’ve done away with inequality? When the Democrats have punished high earners with a wealth tax and redistributed the money through government handouts?

The Dow soars, wages don’t.

Inequality in a nutshell. https:/*******hD1g1y4uBk

— Alexandria Ocasio-Cortez (@AOC) January 12, 2020

Why did she spend four years studying economics if it’s that simple?

Not that I expect accuracy from AOC, but wages are growing at the highest rate in a decade and over 50% of Americans own stocks in one form or another. https:/*******vp2SpmmwE9

https://twitchy.com/brettt-3136/202...-the-soaring-dow-as-inequality-in-a-nutshell/

 

[heathergives]

http://www.scottcrosby.info/graphics/thanks-aoc.jpg

 

[icanhelp1]

What a dope:

Rep. Alexandria Ocasio-Cortez sees the soaring Dow as ‘inequality in a nutshell’

Posted at 9:52 pm on January 11, 2020 by Brett T.


Rep. Alexandria Ocasio-Cortez majored in economics — she also helped drive a new Amazon headquarters out of Queens on the mistaken belief that tax breaks “cost” money, ensuring that thousands would have no wages in her district.

Now the Dow Jones Industrial Index is soaring and she needs to put a negative spin on it, so she’s decided to describe what she claims is “inequality in a nutshell.” We already don’t trust her, but at what point can we say we’ve done away with inequality? When the Democrats have punished high earners with a wealth tax and redistributed the money through government handouts?

The Dow soars, wages don’t.

Inequality in a nutshell. https:/*******hD1g1y4uBk

— Alexandria Ocasio-Cortez (@AOC) January 12, 2020

Why did she spend four years studying economics if it’s that simple?

Not that I expect accuracy from AOC, but wages are growing at the highest rate in a decade and over 50% of Americans own stocks in one form or another. https:/*******vp2SpmmwE9

https://twitchy.com/brettt-3136/202...-the-soaring-dow-as-inequality-in-a-nutshell/

Be kind, Talib, Omar and AOC are still in mourning over SALAMI'S demise.

 

[icanhelp1]

http://www.scottcrosby.info/graphics/thanks-aoc.jpg

What a campaign banner, I hope they use it!

 

[Rightguide]

http://www.scottcrosby.info/graphics/thanks-aoc.jpg

She is a brainwashed commie apparatchik.

 

[phrodeau]

Be kind, Talib, Omar and AOC are still in mourning over SALAMI'S demise.

Hossein Salami is still alive. How stupid are you?

 

[LincolnDuncan]

How can she not believe in trickle down economics?

 

[Rightguide]

How can she not believe in trickle down economics?

The real question is, how did she get a degree in economics?

 

[DMBFFF]

Let's see:

$4 billion ÷ 25 000 jobs = $160 000 per job.

If the jobs last 10 years, that'd be $16 000/job∙year.



https://en.wikipedia.org/wiki/New_York_(state)

New York's gross state product in 2018 was $1.7 trillion.[172]

and that's per year.



What is $12 billion in economic activity?

Two guys tossing a box of 1000 $100 bills to each other 120 000 times?



https://en.wikipedia.org/wiki/Amazon_HQ2

NYC was among 20 finalists.

In response, Ocasio-Cortez stated: "If we were willing to give away $3 billion for this deal, we could invest $3 billion in our district ourselves if we want to. We could hire more teachers, we can fix our subways, we can put a lot of people to work for that money if we wanted to."[86][87][88]

 

[HisArpy]

What a campaign banner, I hope they use it!

It won't matter in the least. After the census and reapportionment, AOC's district is potentially on the chopping block to be eliminated.

 

[LincolnDuncan]

The real question is, how did she get a degree in economics?

So when exactly does our tax money that Trump gave to his rich friends begin to trickle down on tax paying US citizens?

 

[HisArpy]

So when exactly does our tax money that Trump gave to his rich friends begin to trickle down on tax paying US citizens?

dudly, you need to cut down on the kool aid.

Allowing people to keep more of their own money isn't "giving it" to anyone. Further, it's not "your tax money", it's their earned income or, alternatively, capital gains. Somehow you seem to think that it "belongs to you" without being able to explain exactly how that is.

Which is the kool aid talking.

 

[JannM]

dudly, you need to cut down on the kool aid.

Allowing people to keep more of their own money isn't "giving it" to anyone. Further, it's not "your tax money", it's their earned income or, alternatively, capital gains. Somehow you seem to think that it "belongs to you" without being able to explain exactly how that is.

Which is the kool aid talking.

You didn't answer his realquestion.
"when will it trickle down"

 

[LincolnDuncan]

dudly, you need to cut down on the kool aid.

Allowing people to keep more of their own money isn't "giving it" to anyone. Further, it's not "your tax money", it's their earned income or, alternatively, capital gains. Somehow you seem to think that it "belongs to you" without being able to explain exactly how that is.

Which is the kool aid talking.

Hey skippy who benefits more from the extensive military people and hardware we have liberally stationed around the world, taxpayers like me or companies who conduct business over seas?

 

[icanhelp1]

Hey skippy who benefits more from the extensive military people and hardware we have liberally stationed around the world, taxpayers like me or companies who conduct business over seas?

Everybody!

 

[HisArpy]

Hey skippy who benefits more from the extensive military people and hardware we have liberally stationed around the world, taxpayers like me or companies who conduct business over seas?

Generally, everyone. You get increased security at home and abroad when you travel. The high seas get policed so that piracy isn't as likely as it once was. Foreign countries get the benefit of US personnel spending their paychecks in the local economy. Foreign manufacturers get, for want of a better term, unpaid for security so that their goods which are shipped by sea tend to get where they're going without loss.

Then there's the US based companies that manufacture all the products needed to support those troop overseas. They usually are publicly held companies which trade on the stock exchange. Individuals can buy their stock directly or be part of a mutual fund that holds their stock along with other investments. This benefits investors when the stocks go up because the companies make a profit and pay a dividend.

Then there's the general individual who has a job at either one of these companies or a supplier. They are direct recipients of the money the company brings in. Other people in the economy also prosper because the workers spend their money in the local economy. That leads to consumerism whereby the locals buy other products, such as cars and food, that are produced elsewhere. Which in turn allows transportation companies to make a profit and provide jobs for others. Who, in turn, spend their wages on other consumer goods.

When companies profit, so does the consumer. Allowing those companies to profit isn't "giving away" "your" "tax dollars".

You didn't answer his realquestion.
"when will it trickle down"

See the above.

 

[LincolnDuncan]

Generally, everyone. You get increased security at home and abroad when you travel. The high seas get policed so that piracy isn't as likely as it once was. Foreign countries get the benefit of US personnel spending their paychecks in the local economy. Foreign manufacturers get, for want of a better term, unpaid for security so that their goods which are shipped by sea tend to get where they're going without loss.

Then there's the US based companies that manufacture all the products needed to support those troop overseas. They usually are publicly held companies which trade on the stock exchange. Individuals can buy their stock directly or be part of a mutual fund that holds their stock along with other investments. This benefits investors when the stocks go up because the companies make a profit and pay a dividend.

Then there's the general individual who has a job at either one of these companies or a supplier. They are direct recipients of the money the company brings in. Other people in the economy also prosper because the workers spend their money in the local economy. That leads to consumerism whereby the locals buy other products, such as cars and food, that are produced elsewhere. Which in turn allows transportation companies to make a profit and provide jobs for others. Who, in turn, spend their wages on other consumer goods.

When companies profit, so does the consumer. Allowing those companies to profit isn't "giving away" "your" "tax dollars".




See the above.

Bullshit! You obviously avoided the word "more"in my question." Obviously all US citizens and most people in the hemisphere benefit from US military power. The point I'm making which you will continue to dance around is that the middle class pays the majority of US taxes but the oil industry pay none of those taxes which protect their asses around the globe. As you know,in addition to them not paying taxes they also receive subsidies from tax payers, like me! I pay the bills while people like Trump and free his ride kids act like they own the world.

 

[Pookie]

The New York Democrat was making the point that while the blue-chip index rallied more than 20% last year, U.S. average hourly earnings gained less than 3%. And since stocks are generally held by those with higher wealth levels, the data would support her “rich getting richer” stance.

https://www.marketwatch.com/story/o...rds-after-dow-breaks-through-29000-2020-01-13

 

[Rightguide]

Bullshit! You obviously avoided the word "more"in my question." Obviously all US citizens and most people in the hemisphere benefit from US military power. The point I'm making which you will continue to dance around is that the middle class pays the majority of US taxes but the oil industry pay none of those taxes which protect their asses around the globe. As you know,in addition to them not paying taxes they also receive subsidies from tax payers, like me! I pay the bills while people like Trump and free his ride kids act like they own the world.

That's not entirely true, and it isn't their fault either:

"Exxon paid the most taxes last year of any U.S. company, by far -- but not a cent went to the IRS for income taxes. That's because the oil giant does business in some of the mostly highly taxed countries in the world. Want to extract petroleum in Nigeria? Be prepared to fork over up to 85% of your profit in tax payments.

Exxon doled out more than $15 billion in income tax payments to foreign countries last year. U.S. tax codes allow companies to take massive deductions in light of those international charges, which knocked Exxon's federal income-tax bill down into negative territory.

That said, Uncle Sam gets his money in other ways. Including sales taxes and duties, Exxon recorded $7.7 billion in U.S. tax costs last year, and paid even more overseas.

Its grand total in global taxes for the year? A whopping $78.6 billion. The company's effective income tax rate was a hefty 47%, its highest in three years."

https://money.cnn.com/galleries/2010/news/1004/gallery.top_5_tax_bills/2.html

 

[bellisarius]

You're talking to an economic moron you know?

 

[Rightguide]

You're talking to an economic moron you know?

Yes unfortunately, but every lie deserves a rejoinder in order to keep myth and outright dishonesty in check.

 

[icanhelp1]

That's not entirely true, and it isn't their fault either:

"Exxon paid the most taxes last year of any U.S. company, by far -- but not a cent went to the IRS for income taxes. That's because the oil giant does business in some of the mostly highly taxed countries in the world. Want to extract petroleum in Nigeria? Be prepared to fork over up to 85% of your profit in tax payments.

Exxon doled out more than $15 billion in income tax payments to foreign countries last year. U.S. tax codes allow companies to take massive deductions in light of those international charges, which knocked Exxon's federal income-tax bill down into negative territory.

That said, Uncle Sam gets his money in other ways. Including sales taxes and duties, Exxon recorded $7.7 billion in U.S. tax costs last year, and paid even more overseas.

Its grand total in global taxes for the year? A whopping $78.6 billion. The company's effective income tax rate was a hefty 47%, its highest in three years."

https://money.cnn.com/galleries/2010/news/1004/gallery.top_5_tax_bills/2.html

And does this within 1.5% margins. Also, people never take in to consideration volume. They look at profit but never compare it to volume of product/ big sales for small margins..... big money=/= big profits in a lot of cases.

 

[LincolnDuncan]

That's not entirely true, and it isn't their fault either:

"Exxon paid the most taxes last year of any U.S. company, by far -- but not a cent went to the IRS for income taxes. That's because the oil giant does business in some of the mostly highly taxed countries in the world. Want to extract petroleum in Nigeria? Be prepared to fork over up to 85% of your profit in tax payments.

Exxon doled out more than $15 billion in income tax payments to foreign countries last year. U.S. tax codes allow companies to take massive deductions in light of those international charges, which knocked Exxon's federal income-tax bill down into negative territory.

That said, Uncle Sam gets his money in other ways. Including sales taxes and duties, Exxon recorded $7.7 billion in U.S. tax costs last year, and paid even more overseas.

Its grand total in global taxes for the year? A whopping $78.6 billion. The company's effective income tax rate was a hefty 47%, its highest in three years."

https://money.cnn.com/galleries/2010/news/1004/gallery.top_5_tax_bills/2.html

Taxes they pay to other countries is THEIR cost for doing business, not mine. I'm still paying for the military to protect them while they do business overseas.

 

[Rightguide]

Taxes they pay to other countries is THEIR cost for doing business, not mine. I'm still paying for the military to protect them while they do business overseas.

The point is, you were wrong, and it isn't their fault the tax laws are what they are.

 

[JannM]

It's a discussion that interests me because of the huge protests in France

Macron had reduced corporate taxes as soon as he came into office,
his argument being the trickle down effect,

yet now he's trying to reduce pensions, increase pension age, and is defunding hospitals.

Of course there are more factors to account for the dive in economy,
but the trickle down effect that he promissed, didn't seem to materialize either.