That's a nice magic beans story, too bad it has 0 facts behind it, or any numbers matching reality.JohnnyP wrote: ↑Sat Dec 02, 2017 3:19 pm
www.cnbc.com/amp/2017/09/26/tax-reform- ... -jump.html
The current GDP is at 3.1% right now. A 1% increase would put it at 4% Paying corporate debt, and dividends helps the shareholders. Also, any investment in increases in production won't be outside the US because the country will be competitive with other nations due to a lower corporate rate. Where did you learn economics the Louie Rocko School of Typewriter Maintenance?
"The United States will see its gross domestic product rise by 1 percent if the government can get tax reform "right," according to the commerce secretary.
Getting U.S. tax reform right is important, because it could add nearly $3 trillion in federal government revenue in the next decade, Wilbur Ross said on Wednesday.
Beyond the federal budget and the lifting of the debt ceiling, the tax program is the "single-most important thing," Ross told CNBC's "Squawk Box."
"Effective tax reform will "increase the gross domestic product growth by 1 percentage point, so 100 basis points," he said, adding that in 10 years, that would amount to "$10 trillion more GDP, $3 trillion more revenues to the federal government."
Everyone knows people like Wilbur Ross are pulling those figures out of their asses. It's all based on very far fetched "IFs" and assumptions all relying on fantasies and corporations doing the right thing. All the while assuming the economy is gonna stay on a steady course for 10 years, without any crashes or downturns, and without spending any money on war or a wall.
This tax bill is basically telling large corporations "we're leaving our entire economy in your hands, we hope you'll do the right thing".
People like Tim Cook are drinking champagne right now, celebrating living in a country full of suckers.