Letter to the Editor:
In the Iowa Legislature’s rush to provide additional tax breaks to the super-rich, the controversial Iowa tax law change benefiting manufacturers could cost the state $80 million more this year than projected, said one of the state’s top fiscal analysts. This is on top of a $250 million budget shortfall in fiscal 2018, the result of previous tax cuts to the super-rich.
Since its conception in the ‘80s, it has been documented time and time again “trickledown economics” does not create additional capital investment nor does it create an expanded job opportunities. “Trickle down” only works for one class of citizens and that class is not the wage earner in Iowa.
Since the Iowa Legislature has no intention on raising taxes on the rich, additional vital programs that serve the working class will be the target of devastating cuts. Look for additional cuts in education that will negatively affect your kids and grandkids; look for additional cuts in health care; look for more cuts to mental health programs; and keep your eye on the State reneging on backfilling property tax exemptions that mainly help the poor and working class of Iowa.
There will be lots of promises made to the laborers of Iowa: be patient; changes will benefit you in the long run; giving lucrative tax cuts to the super-rich will raise your wages and create good paying jobs.
This past election, one candidate for the Iowa Senate supposedly had over $1.4 million spent on his behalf to have him elected to the Iowa Legislature. $1.4 million for a seat that pays around $30,000 annually! Ponder this.
It is no longer Republican vs. Democrat. It is the super-rich vs. what was once a hard working proud middle class. This is the fight: The super-rich with their millions to spend vs. the rest of us. And if you believe the super-rich have your best interests in mind, I have a bridge in Mitchell County I am willing to sell you!
We, the working class, have been lied to, deceived and manipulated long enough! We may not have money to buy our seat in the legislature, but we do have the power of the ballot box. Come November 2018, we need to stand united in our votes. We need to unite against the rich and powerful and say “enough is enough”. It is time we demand accountability. It is time we demand our share of the pie.
Stan Walk
St. Ansgar, Iowa
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34 thoughts on “Opinion: “Trickle down” only works for one class of citizens and that class is not the wage earner in Iowa”
Good read Stan, may I add we are all here “WE”meaning the working class, because we put ourselves here by voting or not voting our elected special interest politicians. May I also add that “WE” the working class are awake now, and that “WE” know that they know, we know. “NO” means “NO”…..good read. Go Trump.
Mason City and Iowa for that matter the only thing that trickle down are the wages.
Mason City’s leadership and Chamber of Crime actively work against high paying jobs. It has nothing to do with the great Reagan era and those wise tax cuts that President Reagan and the Democrats passed onto the American People.
To bad today’s Democrats don’t want to work with Trump and cut taxes to improve the job and wages base!
The President has a majority in both the House and Senate. He doesn’t need the Democrats’ help. However, your short memory has forgotten McConnell’s vow to do everything possible to make President Obama a one term President.
Actually the Republicans do NOT have a majority. There are many many Republicans that are actually Democrats. They ran as a Republican but in truth they are closet liberal Democrats.
Politics is a dirty business. Since Trump has come on the scene he has exposed how really really bad we have all been bamboozled.
I’ve come to realize the “Globalists” are really the majority and American has not been a priority from either party. It’s all a mess and Trump don’t stand a chance unless the American People stand by him.
If many Republicans are closeted Democrats, which bathroom do they use Dog? And who is watching to check?
“Since Trump has come on the scene he has exposed how really really bad we have all been bamboozled.” – Watchdog
Here ya go Watchdog, I corrected your comment for you to reflect the facts:
Since Trump has has become President, he has shown how very badly that Trump supporters have all been bamboozled.
This is absolutely the truth. I remember noting that Reagan’s “trickle down” trickled out before it got to me. Anyone noticing that Minnesota has a surplus? They raised taxes on the rich and spent on infrastructure and education.
You were on welfare. Working people had wage increases and the economy boomed due to the Reagan tax cuts.
Trickle down is a meaningless political term!
Hey stan you can always blame the Russians – Or read the latest volume of How to Weasel Out. – Like the Kensett Granny said you don’t have to drive to mitchell county -just put a wet baby diaper over your head and you will think you are there.
As far as we are concerned stan you should be a bird like Hillery – Jail bird – your not fooling the low income hard working (honest) taxpayers of worth and mitchell counties with your corporate BS.
The only trickle down because of Reagan was the super rich pissing on the working class.
Anonymous, your 5:15 post is so distorted and untrue, it is people like you who do not understand truth from fiction that make progress difficult. Your quotes are not even good alternate facts. Please learn the facts before you chirp pretty bird!
Ahh! Just remembered stan – that 80 million dollar figure – the same one you want the Iowa taxpayers to give to alliant energy to build a gas pipeline from joice to mitchell county – 43 million from the state 34 million from mitchell county residents and 26 million from worth county taxpayers – Take you T I F and shove it up your azz – how is that obama port authority thing going for you captain.
Must be wild cherry flavor today
stanley walk – merlin the magician bartz – abbey abrams and upcomer reggie banks are all corporate owned and like presents from such.
Don’t forget the Manly Moron on NIT.
From the internet—real facts.
Something weird happened. When Ronald Reagan became president. He rode to office on complaints of an “out-of-control debt” that was as big as “a stack of $1000 bills 67 miles high.” And in eight years in office he added another 125 miles to that stack.
Debt: Total owed from past and present borrowing. Deficit: This year’s borrowing.
As the graph shows, the debt was actually at its lowest point in 50 years compared to the US economy, but he grew the debt much faster than he grew the economy. That’s why the graph shoots up when he takes office. No one had done that since Word War II, and Reagan had promised to balance the budget. That’s weird.
HERE IS THE REAL FACTS
When Reagan cut taxes the Democrats were in charge of Congress.
Tip O’neal was the big leader for the Democrats and helped Reagan get the tax cuts passed with the promise that the DEMOCRATS would cut spending to balance out the tax cuts.
Those cuts never happened! When the economy improved Federal Tax collections went way up too. Instead of applying the windfall in new taxes to the budget the Democrats created more spending programs and that caused the increased in the Federal deficit.
That’s the fact jack!!!! It wasn’t the Reagan tax cuts that caused increase in the deficit it was Democrats passing legislative welfare programs to BUY VOTES!
And, they are still doing it. Besides bringing in Illegals to stack the votes.
The only thing that trickled down during Reagan’s time was stupidity and it hit you and LVS bigly!
Bigly?? what a Dumb Ass!
“Bigly” Adverb. In a big way, greatly. Strongly, with force. Boastfully. From dictionarycom Dumb Ass
I think your moron in the White House made that word popular.
Fact: LVS lives in a white house too.
You know nothing about force or being big. You are just a coward who hides behind Anonymous. And, my house is not white.
Your house may not be white LVS, but you definitely are a moron.
You dare call others cowards while you delete others comments, you have a yellow streak a mile-wide down your back.
And you get away with it because you are a sniveling, ass-kissing pathetic old weasel.
And, you are a Chickenshit coward hiding behind another false name. What a P.O.S. you are and so typical of a liberal.
On the plus side for LVS, he doesn’t feel any pain if he gets kicked between the legs as he has no balls.
I sure wish you would just try to kick me coward.
Trickle Down is a political term that is meaningless. Only dummies like Stan Walk, a liberal buffoon that would replay that old BS.
Trickle Down was promoted as a negative against President Reagan when he cut Federal Income Taxes 33% back in the early 80s. America was in a rut and I was a Democrat and didn’t think Reagon’s tax cut would do much.
I could not have been more wrong. America flourished for almost 10 years and Federal Tax collections went way up. My standard of living improved greatly and my wages went way up too. It Trickled Down just fine for working people.
As far as Iowa’s recent tax cuts I can only hope it helps as I have nothing to judge it against and neither does Stan Walk, he is just running his political mouth. We will all have to wait and see.
One thing for sure it has nothing to do with Trickle Down Economics and everything to do with politics.
You’re on thin ice….. that comment about LVS is approaching blasphemy and you could be subject to instant deletion.
Ha! Cut by 33% you are an idiot if you even believe your own comment.
Totally agree….Great article