<![CDATA[Myth: “If you cut taxes for the rich, they’ll create jobs.”🤡]]>Myth: “If you cut taxes for the rich, they’ll create jobs.”🤡

Microsoft just made $133.7 BILLION in net income last year. Today they announced they are getting rid of 60,000 workers. Fuck these companies man.

]]>https://forum.fedi.dk/topic/eeccb0e9-ebc0-4748-9271-68ae5cbb497b/myth-if-you-cut-taxes-for-the-rich-they-ll-create-jobs.RSS for NodeThu, 29 Oct 2026 08:13:22 GMTTue, 27 Oct 2026 08:42:41 GMT60<![CDATA[Reply to Myth: “If you cut taxes for the rich, they’ll create jobs.”🤡 on Wed, 28 Oct 2026 13:11:17 GMT]]>@grayladywriter @yayaver
Everything you hate about America is because of Reagan.

]]>https://forum.fedi.dk/post/https://mastodon.social/users/starlily/statuses/117518701507130456https://forum.fedi.dk/post/https://mastodon.social/users/starlily/statuses/117518701507130456Wed, 28 Oct 2026 13:11:17 GMT<![CDATA[Reply to Myth: “If you cut taxes for the rich, they’ll create jobs.”🤡 on Wed, 28 Oct 2026 13:00:56 GMT]]>@ptesarik @yayaver may well be, but we need not confuse that with what they've already done.

]]>https://forum.fedi.dk/post/https://infosec.exchange/users/vathpela/statuses/117518660798448147https://forum.fedi.dk/post/https://infosec.exchange/users/vathpela/statuses/117518660798448147Wed, 28 Oct 2026 13:00:56 GMT<![CDATA[Reply to Myth: “If you cut taxes for the rich, they’ll create jobs.”🤡 on Wed, 28 Oct 2026 07:24:00 GMT]]>@yayaver Every data center fire puts firemen to work, and IT people to rebuild. They might even hire security guards.

So it's just as fair to say burning data centers also creates jobs.

]]>https://forum.fedi.dk/post/https://kolektiva.social/users/grumble209/statuses/117517335960432298https://forum.fedi.dk/post/https://kolektiva.social/users/grumble209/statuses/117517335960432298Wed, 28 Oct 2026 07:24:00 GMT<![CDATA[Reply to Myth: “If you cut taxes for the rich, they’ll create jobs.”🤡 on Wed, 28 Oct 2026 06:35:00 GMT]]>@kay @yayaver Note that the illustration is not to scale. If it was, the top glass would be so big that it would collapse under its own weight.

]]>https://forum.fedi.dk/post/https://mastodonczech.cz/users/ptesarik/statuses/117517143294029953https://forum.fedi.dk/post/https://mastodonczech.cz/users/ptesarik/statuses/117517143294029953Wed, 28 Oct 2026 06:35:00 GMT<![CDATA[Reply to Myth: “If you cut taxes for the rich, they’ll create jobs.”🤡 on Wed, 28 Oct 2026 06:32:59 GMT]]>@vathpela @yayaver That's right! Layoffs are coming next. I've seen this before.

]]>https://forum.fedi.dk/post/https://mastodonczech.cz/users/ptesarik/statuses/117517135335260295https://forum.fedi.dk/post/https://mastodonczech.cz/users/ptesarik/statuses/117517135335260295Wed, 28 Oct 2026 06:32:59 GMT<![CDATA[Reply to Myth: “If you cut taxes for the rich, they’ll create jobs.”🤡 on Tue, 27 Oct 2026 20:47:46 GMT]]>@yayaver time to make stock buyback illegal.

]]>https://forum.fedi.dk/post/https://techhub.social/users/TheBuell/statuses/117514834191493865https://forum.fedi.dk/post/https://techhub.social/users/TheBuell/statuses/117514834191493865Tue, 27 Oct 2026 20:47:46 GMT<![CDATA[Reply to Myth: “If you cut taxes for the rich, they’ll create jobs.”🤡 on Tue, 27 Oct 2026 19:33:52 GMT]]>@yayaver If you give rich people a cookie, they'll come back with lawyers and pet politicians to make it illegal for anyone but them to have cookies.

]]>https://forum.fedi.dk/post/https://mastodon.social/users/gooba42/statuses/117514543579339461https://forum.fedi.dk/post/https://mastodon.social/users/gooba42/statuses/117514543579339461Tue, 27 Oct 2026 19:33:52 GMT<![CDATA[Reply to Myth: “If you cut taxes for the rich, they’ll create jobs.”🤡 on Tue, 27 Oct 2026 19:17:49 GMT]]>@yayaver

tax cuts to the rich doesn't create trickle down. just means the rest of us get pissed on.

]]>https://forum.fedi.dk/post/https://infosec.exchange/users/paul_ipv6/statuses/117514480499288526https://forum.fedi.dk/post/https://infosec.exchange/users/paul_ipv6/statuses/117514480499288526Tue, 27 Oct 2026 19:17:49 GMT<![CDATA[Reply to Myth: “If you cut taxes for the rich, they’ll create jobs.”🤡 on Tue, 27 Oct 2026 17:07:29 GMT]]>@yayaver

A company that is not hiring people is dying. They just don't know it yet.

]]>https://forum.fedi.dk/post/https://mastodon.social/users/darwinwoodka/statuses/117513968015236377https://forum.fedi.dk/post/https://mastodon.social/users/darwinwoodka/statuses/117513968015236377Tue, 27 Oct 2026 17:07:29 GMT<![CDATA[Reply to Myth: “If you cut taxes for the rich, they’ll create jobs.”🤡 on Tue, 27 Oct 2026 16:51:56 GMT]]>@yayaver It's okay though because they're only firing *humans* which means it's not an AI failure.

Firing CoPilot would really be concerning, right?

]]>https://forum.fedi.dk/post/https://mastodon.social/users/gooba42/statuses/117513906844208267https://forum.fedi.dk/post/https://mastodon.social/users/gooba42/statuses/117513906844208267Tue, 27 Oct 2026 16:51:56 GMT<![CDATA[Reply to Myth: “If you cut taxes for the rich, they’ll create jobs.”🤡 on Tue, 27 Oct 2026 16:44:08 GMT]]>@yayaver

The CEO of Netflix paid themself $53 million last year. Now Netflix is raising prices and just fired 1000 workers.

Fuck these hateful corporations.

]]>https://forum.fedi.dk/post/https://freeradical.zone/users/FranceskaMann/statuses/117513876150398871https://forum.fedi.dk/post/https://freeradical.zone/users/FranceskaMann/statuses/117513876150398871Tue, 27 Oct 2026 16:44:08 GMT<![CDATA[Reply to Myth: “If you cut taxes for the rich, they’ll create jobs.”🤡 on Tue, 27 Oct 2026 15:57:15 GMT]]>@grayladywriter @yayaver That's why Reagan is in hell. Okay, not the only reason.

]]>https://forum.fedi.dk/post/https://en.osm.town/ap/users/115702352497105111/statuses/117513691819176180https://forum.fedi.dk/post/https://en.osm.town/ap/users/115702352497105111/statuses/117513691819176180Tue, 27 Oct 2026 15:57:15 GMT<![CDATA[Reply to Myth: “If you cut taxes for the rich, they’ll create jobs.”🤡 on Tue, 27 Oct 2026 15:27:47 GMT]]>@yayaver The old memes had it right.

]]>https://forum.fedi.dk/post/https://meow.social/users/kay/statuses/117513575957196778https://forum.fedi.dk/post/https://meow.social/users/kay/statuses/117513575957196778Tue, 27 Oct 2026 15:27:47 GMT<![CDATA[Reply to Myth: “If you cut taxes for the rich, they’ll create jobs.”🤡 on Tue, 27 Oct 2026 15:16:50 GMT]]>@yayaver If we really wanted to see economic growth, we'd get money to the poorest to stimulate economic demand.

Of course, they're against this for ideological reasons.

]]>https://forum.fedi.dk/post/https://hachyderm.io/ap/users/116947477577432109/statuses/117513532922655967https://forum.fedi.dk/post/https://hachyderm.io/ap/users/116947477577432109/statuses/117513532922655967Tue, 27 Oct 2026 15:16:50 GMT<![CDATA[Reply to Myth: “If you cut taxes for the rich, they’ll create jobs.”🤡 on Tue, 27 Oct 2026 15:13:22 GMT]]>@yayaver Er, no. They announced they're offering the option of early retirement packages to 60000 workers. Kinda low-ball packages tbh, so I wouldn't expect a whole lot of uptake, though they're twice as good for people over 65yo, so that's who this is mostly aimed at.

Point being: it's not layoffs.

]]>https://forum.fedi.dk/post/https://infosec.exchange/users/vathpela/statuses/117513519245426800https://forum.fedi.dk/post/https://infosec.exchange/users/vathpela/statuses/117513519245426800Tue, 27 Oct 2026 15:13:22 GMT<![CDATA[Reply to Myth: “If you cut taxes for the rich, they’ll create jobs.”🤡 on Tue, 27 Oct 2026 14:41:31 GMT]]>@DaveMWilburn @grayladywriter @yayaver it's a boeing strategy. Stocks go up. Planes go down.

]]>https://forum.fedi.dk/post/https://mastodon.social/users/infidel/statuses/117513394001631231https://forum.fedi.dk/post/https://mastodon.social/users/infidel/statuses/117513394001631231Tue, 27 Oct 2026 14:41:31 GMT<![CDATA[Reply to Myth: “If you cut taxes for the rich, they’ll create jobs.”🤡 on Tue, 27 Oct 2026 14:10:04 GMT]]>@grayladywriter @yayaver

A stock buyback should be a clear signal that a company has run out of ideas on how to invest their money into longer term growth, but here we are.

]]>https://forum.fedi.dk/post/https://infosec.exchange/users/DaveMWilburn/statuses/117513270378431491https://forum.fedi.dk/post/https://infosec.exchange/users/DaveMWilburn/statuses/117513270378431491Tue, 27 Oct 2026 14:10:04 GMT<![CDATA[Reply to Myth: “If you cut taxes for the rich, they’ll create jobs.”🤡 on Tue, 27 Oct 2026 14:07:04 GMT]]>@grayladywriter @yayaver

💯

Stock buybacks are right up there with Citizens United for the biggest mistakes in American business.

]]>https://forum.fedi.dk/post/https://mastodon.social/users/TCatInReality/statuses/117513258572571083https://forum.fedi.dk/post/https://mastodon.social/users/TCatInReality/statuses/117513258572571083Tue, 27 Oct 2026 14:07:04 GMT<![CDATA[Reply to Myth: “If you cut taxes for the rich, they’ll create jobs.”🤡 on Tue, 27 Oct 2026 13:58:15 GMT]]>@yayaver the actual problem is the rule change that Reagan did in 1982 to the Security and Exchange Commission rule 18 B. This is the rule that allows stock buybacks. Prior to 1982, stock buybacks were considered to be market manipulation and were against the law. This is what ushered us into shareholder only capitalism. Rolling back that one rule would mean that profits could not be used to raise shareholder stock value. Prior to 1982 the additional profit was distributed to the employees in the form of higher wages and new research.

]]>https://forum.fedi.dk/post/https://mindly.social/users/grayladywriter/statuses/117513223874702123https://forum.fedi.dk/post/https://mindly.social/users/grayladywriter/statuses/117513223874702123Tue, 27 Oct 2026 13:58:15 GMT<![CDATA[Reply to Myth: “If you cut taxes for the rich, they’ll create jobs.”🤡 on Tue, 27 Oct 2026 13:41:35 GMT]]>@yayaver Stock market logic says: If you make big win this year, you NEED to make even bigger win next year, or the stockholders will just sell and buy other stock. They don't care about today's value but about potential increase.
So, the company has to fire thousands of people in a desperate move to surpass the preannual win.

]]>https://forum.fedi.dk/post/https://don.linxx.net/users/Schafstelze/statuses/117513158363860439https://forum.fedi.dk/post/https://don.linxx.net/users/Schafstelze/statuses/117513158363860439Tue, 27 Oct 2026 13:41:35 GMT