Curious where people think UBI will come from when we can't even afford to pay the interest on our debt and middle class jobs being replace by robots that don't pay taxes.
We are in serious trouble.
(07-30-2024, 08:40 AM)mikesez Wrote: [ -> ] (07-30-2024, 08:03 AM)StroudCrowd1 Wrote: [ -> ]Woah...
https://twitter.com/WallStreetSilv/statu...8Vc1w&s=19
So let's cut taxes!
Wow.
(07-30-2024, 08:42 AM)flsprtsgod Wrote: [ -> ] (07-30-2024, 08:40 AM)mikesez Wrote: [ -> ]So let's cut taxes!
Let's cut three quarters of all government spending, then cut taxes!
I'm all in favor of cutting spending first.
But we both know that's not what is going to happen.
We will either have gridlock where nothing happens, or Republican control resulting in major tax cuts but no spending cuts other than stopping student loans forgiveness, or Democrat control resulting in large tax increases for a small number of tax payers and possible massive spending increases.
(07-30-2024, 08:58 AM)mikesez Wrote: [ -> ] (07-30-2024, 08:42 AM)flsprtsgod Wrote: [ -> ]Let's cut three quarters of all government spending, then cut taxes!
I'm all in favor of cutting spending first.
But we both know that's not what is going to happen.
We will either have gridlock where nothing happens, or Republican control resulting in major tax cuts but no spending cuts other than student loans forgiveness, or Democrat control resulting in large tax increases for a small number of tax payers and possible massive spending increases.
Tax cuts for the middle class result in higher spending, and a booming economy, thus larger tax revenue. More so than pretending a few billionaires paying their "fare share" will do.
(07-30-2024, 09:06 AM)StroudCrowd1 Wrote: [ -> ] (07-30-2024, 08:58 AM)mikesez Wrote: [ -> ]I'm all in favor of cutting spending first.
But we both know that's not what is going to happen.
We will either have gridlock where nothing happens, or Republican control resulting in major tax cuts but no spending cuts other than student loans forgiveness, or Democrat control resulting in large tax increases for a small number of tax payers and possible massive spending increases.
Tax cuts for the middle class result in higher spending, and a booming economy, thus larger tax revenue. More so than pretending a few billionaires paying their "fare share" will do.
But the tax cuts Republicans enact won't just be for the middle class. If they really were for the middle class only that might work. But that's not what they're going to do.
Also, lately, higher consumer spending drives inflation.
(07-30-2024, 09:20 AM)mikesez Wrote: [ -> ] (07-30-2024, 09:06 AM)StroudCrowd1 Wrote: [ -> ]Tax cuts for the middle class result in higher spending, and a booming economy, thus larger tax revenue. More so than pretending a few billionaires paying their "fare share" will do.
But the tax cuts Republicans enact won't just be for the middle class. If they really were for the middle class only that might work. But that's not what they're going to do.
Also, lately, higher consumer spending drives inflation.
Where do you think tax increases for corporations are funneled to? Cutting taxes for corporations is one of the greatest policy proposals there is. You have been groomed to hate who they want you to hate and that has taken away your ability to view things reasonably.
(07-30-2024, 09:26 AM)StroudCrowd1 Wrote: [ -> ] (07-30-2024, 09:20 AM)mikesez Wrote: [ -> ]But the tax cuts Republicans enact won't just be for the middle class. If they really were for the middle class only that might work. But that's not what they're going to do.
Also, lately, higher consumer spending drives inflation.
Where do you think tax increases for corporations are funneled to? Cutting taxes for corporations is one of the greatest policy proposals there is. You have been groomed to hate who they want you to hate and that has taken away your ability to view things reasonably.
In a perfectly competitive system, a corporate tax cut becomes lower prices.
Corporate taxes are a very small part of the US fiscal picture regardless.
Theyre also going to cut the top marginal rate on capital gains and ordinary income which is more dubious in terms of benefits.
All tax cuts have benefits and drawbacks.
(07-30-2024, 03:49 PM)Caldrac Wrote: [ -> ]Interesting perspective.
https://twitter.com/scksgrypr/status/180...ZalSA&s=19
Sent from my SM-S906U using Tapatalk
I happen to agree with this. I've been saying this for a couple months now. My only hope is that he knows he has to play the game to get elected. If not, we are going to end up with a much more moderated Trump who does the bidding of the establishment because he cares more about his legacy than the future of this country.
![[Image: 99c6423161121a8a7a3ecc92a45f37a9.jpg]](https://uploads.tapatalk-cdn.com/20240730/99c6423161121a8a7a3ecc92a45f37a9.jpg)