Trickle Down Does Still Work

[FSSL]

Really? How are the poor (elderly, unemployed, disabled, etc.) being given possessions sold by those who have received the tax cut bonuses?

Don't worry about them... as Jesus said in red letters, "We will always have the poor among us."

So, until you give away all of your possessions (red letters again), its YOUR responsibility. NOT the responsibility of government.

(can I let you in on a little secret??? The poor don't pay taxes).

 

[Tarheel Baptist]

"Sell your possessions and give to the poor."  Lk 12:33

So exactly how does the Republican tax cut do this?

How would socialist liberal democrat tax increases do that?
YOU should do that Elmer.

 

[Ransom]

Don't worry about them... as Jesus said in red letters . . .

You forget that Duh Red Letter Crishuns don't really believe all the red letters.

Red Letter Christianity is nothing but another canon-within-a-canon intended to reinforce an existing worldview - progressivism, in this case. Just a modern-day Marcionism, and twice as useless.

 

[Smellin Coffee]

"Sell your possessions and give to the poor."  Lk 12:33

So exactly how does the Republican tax cut do this?

How would socialist liberal democrat tax increases do that?
YOU should do that Elmer.

I'm not the one claiming they do.

 

[Tarheel Baptist]

"Sell your possessions and give to the poor."  Lk 12:33

So exactly how does the Republican tax cut do this?

How would socialist liberal democrat tax increases do that?
YOU should do that Elmer.

I'm not the one claiming they do.

Why don?t YOU liquidate your assets and give them to the poor?
Set an example for the cold hearted capitalists and the leadership of the socialist liberal democrat party.

 

[sword]

2/12/2018 Met Life

MetLife plans to increase its minimum wage and create new benefits for employees due to the tax reform package passed by Congress and signed into law last year, the company announced Monday.

The financial services company will establish a new company minimum wage of $15 an hour, as well as a new group life insurance benefit of $75,000, regardless of an employee?s pay. MetLife is also creating a $10 million skills development fund designed to ?accelerate a culture of learning and innovation.?

 

[sword]

2/10/2018 Charter Communications

Chairman and Chief Executive Officer, Thomas M. Rutledge, announced as a result of the tax reform legislation and the FCC's network neutrality reg rollback, the company was instituting a $15-per-hour minimum wage across the board by the end of the year.

Pay will still vary by state, but no wage below Charter's $15 minimum.

 

[sword]

Feb 15, 2018 Huntington-Ingalls

The Newport News Shipbuilder announced today it would pay its employees a $500 bonus in recognition of the reduction in the Republican corporate tax cut.

 

[sword]

2/5/2018 Anthem Insurance

Insurance giant Anthem announced it would give $1,000 to the retirement accounts for more than 58,000 employees and recent retirees due to tax reform.

The insurer said that overall it will contribute more than $58 million to employees' 401(k) programs and it is putting together a new investment program based on changes installed from the tax bill passed late last year.

 

[Smellin Coffee]

Again, how is all this helping the unemployed, the elderly and disabled who are poor and cannot work? Where is the benefit assisting our collective ethical responsibility?

 

[Tarheel Baptist]

Again, how is all this helping the unemployed, the elderly and disabled who are poor and cannot work? Where is the benefit assisting our collective ethical responsibility?

Again, I say:
Why don?t YOU liquidate your assets and give them to the poor?
Why don't YOU set an example for the cold hearted capitalists and the hypocritical leadership of the socialist liberal democrat party.

 

[Smellin Coffee]

Again, how is all this helping the unemployed, the elderly and disabled who are poor and cannot work? Where is the benefit assisting our collective ethical responsibility?

Again, I say:
Why don?t YOU liquidate your assets and give them to the poor?
Why don't YOU set an example for the cold hearted capitalists and the hypocritical leadership of the socialist liberal democrat party.

So here you go, sea lioning yet again.

Where have I ever asked everyone to liquidate all their assets? Never. So cut the crap, get off your high horse and be willing to recognize we as a wealthy society have an ethical responsibility to help those who need it.

 

[Tarheel Baptist]

Again, how is all this helping the unemployed, the elderly and disabled who are poor and cannot work? Where is the benefit assisting our collective ethical responsibility?

Again, I say:
Why don?t YOU liquidate your assets and give them to the poor?
Why don't YOU set an example for the cold hearted capitalists and the hypocritical leadership of the socialist liberal democrat party.

So here you go, sea lioning yet again.

Where have I ever asked everyone to liquidate all their assets? Never. So cut the crap, get off your high horse and be willing to recognize we as a wealthy society have an ethical responsibility to help those who need it.

So, the answer is 'no'.
Gotcha...

 

[sword]

Again, how is all this helping the unemployed, the elderly and disabled who are poor and cannot work? Where is the benefit assisting our collective ethical responsibility?

Note all figures are in billions of dollars (9 zeros).

FY 2017 total US government spending on welfare ? federal, state, and local ? was estimated to be over  $1,148 billion, including $705 billion for Medicaid, and $443 billion in other welfare including food assistance.

In 1920 total total welfare payments were around .09% of GDP. Today total welfare spending represents 2.5% of GDP, that's a 300% increase in before depression levels.

Federal Safety Net Programs and Their Cost in Billions
The following programs target low-income individuals and families

Negative Income tax- Earned income tax credit (EITC) and child tax credit $81 billion       
SNAP - Supplemental Nutritional Assistance Program $76 billion           
Housing Assistance - HUD housing programs $50 billion           
SSI - Supplemental Security Income  $56                           
Pell Grants  $31 billion                                                                                                                                   
TANF - Temporary Assistance for Needy Families  $16 billion               
Child Nutrition (School lunch, breakfast and after school food programs.) $21 billion
Head Start  - Preschool program $10 billion
Job Training - Various programs & employment support for adults, youth and seniors.  $6 billion                 
WIC - Women, Infants and Children $6 billion                                   
Child Care  - Child care and after school programs  $5 billion
LIHEAP - Low Income Home Energy Assistance Program  $3 billion
Lifeline (Obama Phone) - Phone subsidy including cell phones  $2 billion                                   

Total costs from 13 Welfare Programs  $361 billion                                                                           
Medicaid - Health care for low-income Americans  $368 billion

Total Federal Welfare costs $730 billion on just 14 programs
                                                                     
State and local governments spent an additional $220 billion on antipoverty programs in FY 2016; $48 billion on welfare programs and $172 billion on Medicaid.  Including state and local expenditures we spent $952 billion fighting poverty in 2016.                                     

 

[sword]

Those on the left act as if the federal government does nothing to help the poor. In January of 1964, Johnson declared an "unconditional war on poverty in America." Since then, the taxpayers have spent $22 trillion on Johnson's war. The war on poverty has been a dismal failure and the inner cities are proof of the never ending cycle it has created. The destruction of the traditional home and dependence on government programs has led to the mess we see today. 

 

[sword]

Shareholders are also benefiting from tax cuts and since most retirement plan is invested in stocks this too is good for America.

CNN Money
February 16, 2018

American companies have lavished Wall Street with $171 billion of stock buyback announcements so far this year, according to research firm Birinyi Associates. That's a record-high for this point of the year and more than double the $76 billion that Corporate America disclosed at the same point of 2017.

Wall Street loves buybacks because they tend to boost the share price in part by inflating a key measure of profitability. In just the past three days, Cisco (CSCO), Pepsi (PEP) and drug maker AbbVie (ABBV) have promised a total of $50 billion of buybacks.

 

[4everfsu]

I think Jesus said you are always going to have the poor. War on poverty will never win or end.

 

[LongGone]

Again, how is all this helping the unemployed, the elderly and disabled who are poor and cannot work? Where is the benefit assisting our collective ethical responsibility?

Note all figures are in billions of dollars (9 zeros).

FY 2017 total US government spending on welfare ? federal, state, and local ? was estimated to be over  $1,148 billion, including $705 billion for Medicaid, and $443 billion in other welfare including food assistance.

In 1920 total total welfare payments were around .09% of GDP. Today total welfare spending represents 2.5% of GDP, that's a 300% increase in before depression levels.

Federal Safety Net Programs and Their Cost in Billions
The following programs target low-income individuals and families

Negative Income tax- Earned income tax credit (EITC) and child tax credit $81 billion       
SNAP - Supplemental Nutritional Assistance Program $76 billion           
Housing Assistance - HUD housing programs $50 billion           
SSI - Supplemental Security Income  $56                           
Pell Grants  $31 billion                                                                                                                                   
TANF - Temporary Assistance for Needy Families  $16 billion               
Child Nutrition (School lunch, breakfast and after school food programs.) $21 billion
Head Start  - Preschool program $10 billion
Job Training - Various programs & employment support for adults, youth and seniors.  $6 billion                 
WIC - Women, Infants and Children $6 billion                                   
Child Care  - Child care and after school programs  $5 billion
LIHEAP - Low Income Home Energy Assistance Program  $3 billion
Lifeline (Obama Phone) - Phone subsidy including cell phones  $2 billion                                   

Total costs from 13 Welfare Programs  $361 billion                                                                           
Medicaid - Health care for low-income Americans  $368 billion

Total Federal Welfare costs $730 billion on just 14 programs
                                                                     
State and local governments spent an additional $220 billion on antipoverty programs in FY 2016; $48 billion on welfare programs and $172 billion on Medicaid.  Including state and local expenditures we spent $952 billion fighting poverty in 2016.                                   

Comparing 1920 to 2018 doesn't serve much purpose. The programs were started because of the extreme poverty that some Americans were living especially children. The cost of healthcare due to advancements in 2018 makes the cost of healthcare in 1920 irrelevant. I am sure there is not a program that could not be run better but IMHO this comparison is meaningless.

 

[sword]

LG:
What about the 1.1 trillion spent on welfare programs in 2017 or the 22 trillion spent on fighting poverty since 1964. You act as if we do nothing as a nation to help those who can not help themselves or choose not to.

 

[sword]

12/16/2018  Dot Foods

The largest food industry redistributor in North America announced Friday that it will pay a $500 bonus to each of its full-time employees in the wake of federal tax reforms.