Paul Ryan Says Cutting Taxes On The Wealthy Will Grow Economy. Seattle Just Proved Him Wrong | Soshal Network, Social Circle Connection

Paul Ryan Says Cutting Taxes On The Wealthy Will Grow Economy. Seattle Just Proved Him Wrong

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Paul Ryan has actually been tweeting ceaselessly regarding the need for "tax reform" in order to help grow the economic situation as well as boost job development, however a new record shows that Seattle's choice to elevate their minimum wage to $15 has completed all of the things Ryan declares he wishes to do without having to provide massive tax obligation breaks to the well-off. Ring of Fire's Farron Cousins reviews this. Subscribe to the Ring of Fire for extra:

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50 comments

  1. Posted by Lorderuptshun, at Reply

    Republicans don’t understand the economy

  2. Posted by Mr. Nisse, at Reply

    How is this still considered valid logic? Is there really anyone out there that *_STILL_* doesn’t get that this is just a scam rich assholes play on stupid poor people? It’s like flat-earth logic…all it takes is a child’s understanding of economics to debunk it…but they just keep repeating it anyway.

    • Posted by BigCooter.com, at Reply

      “they” are emotionally invested .. “they” buy into trickle down, deny global warming, support anti-social legislation, and other immoral & irrational BS .. because “they” actually think the GOP can end abortion, ban Islam, and bring Christian Prayer “back” to schools & government … all of which are empty promises that evoke irrational support from the weak minded. Yes, you would think “they” would get it .. after all, Christianity has been the Go To control tool of the elite for hundreds of years .. the delusional beliefs involved, do have very powerful and dangerous control. Luckily, Separation of Church and State is at the core this country, we must preserve it, or the weak minded will allow it to be ignored.

  3. Posted by Raynald Chatillon, at Reply

    trickle down economics is like being pissed on and calling it a warm shower..

    • Posted by Comrade Trump, at Reply

      Raynald Chatillon there’s tapes of me doing that in Russia! Unbelievably awesome!! I open my mouth and it trickles down my throat

    • Posted by Raynald Chatillon, at Reply

      you have the best golden rain, all hookers say so.;-)

  4. Posted by Cookie Nibz, at Reply

    Trickle down ie voodoo economics (named this by Bush Sr-R) has *NEVER* worked, will *NEVER* work. They will never let it go, cause their followers will continue to let them try, & try, & try again.

    • Posted by Edward Bernayse666, at Reply

      i wonder what bush sr was implying when he called it “voodoo economics?”

  5. Posted by Lani Kelly, at Reply

    Paul Ryan has already proven that he doesn’t understand how insurance works, so it’s also quite likely he doesn’t understand how taxes work either.

    • Posted by Hazzycakes, at Reply

      Or anything.

    • Posted by Jonny B, at Reply

      +Lani Kelly I think Farron’s comment was that Paul Ryan *does* understand how taxes work. Ryan is well aware that tax breaks for the wealthy don’t help the 99% or the US economy in general, he doesn’t care about the 99% or the US economy. One could argue that tax cuts for the wealthy don’t help them either. The only difference is that they will have a bigger pile of cash in their offshore bank accounts.

    • Posted by DeathToTheDictators, at Reply

      “he doesn’t care about the 99% or the US economy” – and this is the way the Reps have been since at least the 80s…it baffles my mind how damn near half the country vote for a party that’s AGAINST their own best interest…WTF is wrong with these people? How can they be that blind?

    • Posted by whyamimrpink78, at Reply

      This guy went from talking about taxes to talking about the min. wage. Also, Seattle is pretty lax on taxes which is why businesses such as Amazon, Microsoft and Boeing place their headquarters there.

      http://www.edc-seaking.org/service/economic-data/economic-basics

      http://www.seattletimes.com/seattle-news/data/seattle-taxes-among-nations-kindest-to-the-rich-and-harshest-to-the-poor/

    • Posted by Edward Bernayse666, at Reply

      he’s the koch brothers main representative in congress. that’s why he’s pushing for this trickle down scam.

  6. Posted by Travis Rogers, at Reply

    Paul Ryan is an economic terrorist. A man who hates anything and everything that isn’t white, male and rich. TAX BREAKS FOR THE RICH DO NOT GROW THE ECONOMY, THE DECADE FROM 2000 to 2010 PROVED THAT.

    • Posted by Kyle Varma, at Reply

      the decade that you were clearly born during.

  7. Posted by Susan Reynolds, at Reply

    Reaganomics did not work in the ’80s and it will not work now.  This is simply a way for the rich to get richer and the rest of us can F-off.  Paul Ryan is liar just like his boss, tRump.

    • Posted by Edward Bernayse666, at Reply

      actually paul ryan’s main boss/es are the koch brothers. they are the ones who pull his strings and are even the ones behind the disastrous new health care bill.

  8. Posted by Avalon Run, at Reply

    Paul Ryan Says Cutting Taxes On The Wealthy Will Grow Economy.
    Didn’t we already try that?
    Like, a bunch of times?

    • Posted by Edward Bernayse666, at Reply

      paul ryan works for the koch brothers. seriously, that’s not a secret that has been well kept.

  9. Posted by vidznstuff1, at Reply

    If I make $50M and I get that ~4% tax cut, that’s $2M I add to my (usually offshored) cash pile. If we do Medicare for All, $200-$500 a month extra money for the middle & lower class means more spending, moving into better housing, etc…economic stimulus. That economic stimulus increases EVERYONE’s wealth and is sustained, but it does not serve to keep the poor in their place – which Planned Parenthood, Medicaid, Food Stamp, and welfare cuts are meant to do.

    Bush/Cheney proved that tax cuts do nothing but create recessions.

    • Posted by Edward Bernayse666, at Reply

      the billionaires behind these kind of tax bills look at their own self interests and that’s it. they don’t care how their moves effect the regular guy so long as they are able to keep hording more money. that is power to them. they can buy up politicians and state departments and media conglomerates with that money.

  10. Posted by Jacob Ray, at Reply

    Anyone who knows economics knows that tax breaks at the top only hurts the economy. It gives the rich more money which they don’t spend and takes money from programs from the poor and middle class so we have less money to spend on things we want and the economy shrinks. I don’t understand why the rich want this, it actually hurts businesses by getting tax breaks. When the poor gets paid higher or a tax break they spend all of the money which circulates and helps grow businesses meaning more people need to be hired. It works for the people and businesses.

    • Posted by Manny Dasilveira, at Reply

      I live in Massachusetts and our minimum wage has gone up to $11 and still going up.i find myself spending a lot more.plus hasn’t the country already done this and left us close to a depression.Also a state had done this tax cut and it left the state in ruins.

    • Posted by Felix90, at Reply

      well actually by giving money to the rich you are gonna increase the capital stock of the US, which could lead to higher growth rates eventually. But I am not a fan of these tax breaks either. But you asked for an explanation.

    • Posted by Edward Bernayse666, at Reply

      @felix9 the theory hasn’t seemed to work out the way that they drew it up at any time yet. at this point, if i see a politician talking about trickle down economics, i figure that they are crooks working for a billionaire (cough koch brothers cough) crooks who want more money to buy up more politicians and state departments and have them on their payroll too until they control everything (oligarchy cough plutocracy cough).

    • Posted by Felix90, at Reply

      I think you’re right, but the US economy has done quite well over the last let’s say 30 years. The problem is now that most of the gains, or profits went to the top 20%, top 10% and especially to the top 1%. This in turn means that if you just want to get a bigger cake it is perfectly fine to go for right-wing solutions. But in most cases it is not sufficient to get just a bigger cake, but you also want that everybody gets his, or her fair share. Therefore I think the republican way is not the right way….

      btw sorry for my english but it is not my first language.

  11. Posted by streglof, at Reply

    If you already have millions and millions of dollars, how are you ever going to buy even more when you get a tax break? you don’t, you put it into savings. Someone please explain how that grows the economy.

    • Posted by fromNYC, at Reply

      streglof they “hope” they will invest it… naive

  12. Posted by Dan Extrinsic01, at Reply

    the wealthy are like large pigs, once they feed and grow and become fat, continuing to give them food will not make them any younger, OR make them any healthier…..its time to cook that pig, and grow some new ones… 😂

    • Posted by Arlen Tsao, at Reply

      They are more like cancerous tumors. Spreads like a disease.

  13. Posted by Arlen Tsao, at Reply

    Is Paul Ryan serious? He should feel ashamed having governed poorly in Wisconsin for a long time. Anything less than $12 an hour is starving wage in Wisconsin. More and more people are waking up. This several decades old argument is nothing but a damn lie. Resources, while massive, are limited. If the top 1% keeps stealing all of the resources, the rest of us will one day wake up lacking normal things such as food.

    • Posted by The Poontang Clan, at Reply

      Arlen Tsao you’ll still have your beloved guns…

    • Posted by Arlen Tsao, at Reply

      The Poontang Clan could care less about guns. Guns can’t feed your stomach.

    • Posted by The Poontang Clan, at Reply

      Arlen Tsao exactly…I was being sarcastic. All that bullshit about the second Amendment…is just a scheme to divert attention from the real important things.

  14. Posted by Nancy Desch, at Reply

    Aw, do the rich pay too much in taxes?  Aw gee wiz how awful.  I paid a lot myself and I sure as hell wish someone had cut my taxes but they just went up and up for 44 years.  How many private jets, ski vacations, mansions, high rise NY apartments,  luxury limos, designer clothes does someone need?  Johnnie Mathis once said the same thing about gaining wealth.  At some point you have to stop acquiring silly things and be satisfied.

    • Posted by Monte Foley, at Reply

      Acquiring massive sums of money is a mental illness. It’s like hoarding.

  15. Posted by ojymal, at Reply

    Trickle down economy would work if the rich weren’t greedy fkers. But with the greedy rich people out there, a tax cut means their overall revenue just got higher. You think just because their paycheck got bigger they will suddenly “share their wealth”?!

    • Posted by Skeptic Seeker, at Reply

      trickle down has never worked. ever. there is no documented case of it having ever worked

    • Posted by Persefony, at Reply

      ojymal since 2013 Kansas Governor Sam Brownback ran his real live experiment of this and it failed. Here’s an article about it:http://www.businessinsider.com/kansas-experiment-with-tax-cutting-failed-on-its-own-terms-2017-6

    • Posted by Jason Wooster, at Reply

      No, cannot work because it is based on a false premise: that just because a company has more money that it would hire people.
      This is patently absurd, and thus, the whole thing is ridiculous.

  16. Posted by Doug Davenport, at Reply

    I grew up in Reagan’s America and I know trickle down economics is complete garbage!

  17. Posted by Hearsheyboi *, at Reply

    The economy is made by customers, take their money away..you have no economy.

    • Posted by Tony Baloney, at Reply

      There are more customers in the lower classes, than in the top 1 percent.

  18. Posted by Lady pilliwick, at Reply

    I know people say we shouldn’t cancel the student school loans…..but why should the goverment make 65 billion pure profit from the interest on the loans…
    why don’t we make the loans zero interest like the reserve bank gives to Walstreet
    that would put a 65 billion into the economy and take a lot of wieght of the kids

    • Posted by Zofie M., at Reply

      Lady pilliwick Why do you think? Because they don’t care. They don’t care about the working class or the economy. All they care about are their rich donors.