(02-19-2025, 01:08 PM)StroudCrowd1 Wrote: [ -> ]Musk proposing a 5k refund to every tax payers. I expect the usual suspects around here to donate their refund to the DNC.
Trump saying 20% refund back to the people ..... they won't do it but anyone not paying $5,000 shouldn't get it back.
Hopefully the real count of SS#s cleans up all the fraud and illegals and it ends up being $10,000 or more.
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I want nothing. Use all of that money to pay towards the national debt.
(02-19-2025, 08:23 PM)homebiscuit Wrote: [ -> ]I want nothing. Use all of that money to pay towards the national debt.
Ditto
I could see this being a midterm move. Would be pretty genius. Imagine tye economic impact.
(02-19-2025, 01:08 PM)StroudCrowd1 Wrote: [ -> ]Musk proposing a 5k refund to every tax payers. I expect the usual suspects around here to donate their refund to the DNC.
I’d rather pay down the debt first, then drop the tax rate.
(02-19-2025, 08:23 PM)homebiscuit Wrote: [ -> ]I want nothing. Use all of that money to pay towards the national debt.
I didn't want the 2017 tax cut either. All I've done with the extra money is put it in savings. There was a tiny spike in economic growth, but it's gone now and the extra debt remains.
The Laffer curve is real, but In terms of marginal income tax rates we are on the left side of it pretty firmly.
(02-20-2025, 05:47 AM)copycat Wrote: [ -> ] (02-19-2025, 01:08 PM)StroudCrowd1 Wrote: [ -> ]Musk proposing a 5k refund to every tax payers. I expect the usual suspects around here to donate their refund to the DNC.
I’d rather pay down the debt first, then drop the tax rate.
That will never happen, so may as well take the money back that was stolen from you.
(02-20-2025, 08:26 AM)mikesez Wrote: [ -> ] (02-19-2025, 08:23 PM)homebiscuit Wrote: [ -> ]I want nothing. Use all of that money to pay towards the national debt.
I didn't want the 2017 tax cut either. All I've done with the extra money is put it in savings. There was a tiny spike in economic growth, but it's gone now and the extra debt remains.
The Laffer curve is real, but In terms of marginal income tax rates we are on the left side of it pretty firmly.
Yes, at the current government expenditure rate. If this country could relieve itself of just the payments on debt interest, it would move closer to the center.
Above all else, we need to get the deficit under control.
(02-20-2025, 12:10 PM)homebiscuit Wrote: [ -> ] (02-20-2025, 08:26 AM)mikesez Wrote: [ -> ]I didn't want the 2017 tax cut either. All I've done with the extra money is put it in savings. There was a tiny spike in economic growth, but it's gone now and the extra debt remains.
The Laffer curve is real, but In terms of marginal income tax rates we are on the left side of it pretty firmly.
Yes, at the current government expenditure rate. If this country could relieve itself of just the payments on debt interest, it would move closer to the center.
Above all else, we need to get the deficit under control.
The interest rates being high moves the Laffer curve peak to the right also. We are to the left of the peak, moreso than we were in 2017.
$5k each ---- I'll take the $10k for my wife and I.
Heck, throw in another $5k each and Vance can have my voting commitment in 2028.
Throw in another $5k each and you can have my down ballot vote as well.
(02-20-2025, 12:27 PM)mikesez Wrote: [ -> ] (02-20-2025, 12:10 PM)homebiscuit Wrote: [ -> ]Yes, at the current government expenditure rate. If this country could relieve itself of just the payments on debt interest, it would move closer to the center.
Above all else, we need to get the deficit under control.
The interest rates being high moves the Laffer curve peak to the right also. We are to the left of the peak, moreso than we were in 2017.
That’s what I meant. I should have been more clear. If tax rates remain the same, eliminating debt interest would shift the curve left.
(02-20-2025, 12:56 PM)homebiscuit Wrote: [ -> ] (02-20-2025, 12:27 PM)mikesez Wrote: [ -> ]The interest rates being high moves the Laffer curve peak to the right also. We are to the left of the peak, moreso than we were in 2017.
That’s what I meant. I should have been more clear. If tax rates remain the same, eliminating debt interest would shift the curve left.
Absolutely.
You start to see who is really pushing these tax cuts, it's probably bond holders. They want those interest payments and they want them high.
I hope we find more real spending cuts before we cut taxes again.
(02-20-2025, 12:53 PM)HURRICANE!!! Wrote: [ -> ]$5k each ---- I'll take the $10k for my wife and I.
Heck, throw in another $5k each and Vance can have my voting commitment in 2028.
Throw in another $5k each and you can have my down ballot vote as well.
The Deal Maker!
(02-20-2025, 08:26 AM)mikesez Wrote: [ -> ] (02-19-2025, 08:23 PM)homebiscuit Wrote: [ -> ]I want nothing. Use all of that money to pay towards the national debt.
I didn't want the 2017 tax cut either. All I've done with the extra money is put it in savings. There was a tiny spike in economic growth, but it's gone now and the extra debt remains.
The Laffer curve is real, but In terms of marginal income tax rates we are on the left side of it pretty firmly.
Hey, the good news is you have the option to send the money right back to D.C. so they can waste it on boondoggle spending again. The rest of us are fine with getting our money back.
(02-20-2025, 09:33 PM)flsprtsgod Wrote: [ -> ] (02-20-2025, 08:26 AM)mikesez Wrote: [ -> ]I didn't want the 2017 tax cut either. All I've done with the extra money is put it in savings. There was a tiny spike in economic growth, but it's gone now and the extra debt remains.
The Laffer curve is real, but In terms of marginal income tax rates we are on the left side of it pretty firmly.
Hey, the good news is you have the option to send the money right back to D.C. so they can waste it on boondoggle spending again. The rest of us are fine with getting our money back.
Might as well piss in the ocean.
There's a time and a place to put your money where your mouth is, but government ain't it.
I give a lot of money to small charities, some of them local, some supporting workers I personally know. I don't get a tax break for that and it wouldn't matter if I did.
(02-20-2025, 09:44 PM)mikesez Wrote: [ -> ] (02-20-2025, 09:33 PM)flsprtsgod Wrote: [ -> ]Hey, the good news is you have the option to send the money right back to D.C. so they can waste it on boondoggle spending again. The rest of us are fine with getting our money back.
Might as well piss in the ocean.
There's a time and a place to put your money where your mouth is, but government ain't it.
I give a lot of money to small charities, some of them local, some supporting workers I personally know. I don't get a tax break for that and it wouldn't matter if I did.
I really don't know what they heck you're saying. The government steals too much of our money and we have a small window here to both get some of it back and at least hamper the leviathan doing the stealing. And here you are humble bragging and concern trolling about the economy.
If the government is going to endow us with a bonus refund then I will take it as a matter of course. What I really want is the savings and an efficient execution going forward by our government. This is actually normal for old large corporations.
There is no evil here this is just a turnaround of a failing business is all. Over the years they devolve into a collection of fiefdoms ruled by self serving middle managers (bureaucrats in government) These people start out with good intentions and become entitled as they embed into the "system". Many successful large corporations understand this and allow very few to manage a department for more than 5-7 years. Sure they will have a few PIP's (pros in position) for continuity but not a lot and certainly not the head person.
They lose the mission of serving the customers believing they get to decide or know better.
They resist change as that makes them uncomfortable and threatens their ultimate control.
Processes degrade and become inefficient and outdated.
They begin "picking" winners and losers. A good old boy system.
They begin spending money in ways that does not support their mission.
They begin supplying services they should not and the customers do not want.
The government needs to take a lesson from this.
(02-21-2025, 12:23 AM)flsprtsgod Wrote: [ -> ] (02-20-2025, 09:44 PM)mikesez Wrote: [ -> ]Might as well piss in the ocean.
There's a time and a place to put your money where your mouth is, but government ain't it.
I give a lot of money to small charities, some of them local, some supporting workers I personally know. I don't get a tax break for that and it wouldn't matter if I did.
I really don't know what they heck you're saying. The government steals too much of our money and we have a small window here to both get some of it back and at least hamper the leviathan doing the stealing. And here you are humble bragging and concern trolling about the economy.
At least this time you realize that you don't understand what I'm saying.
(02-21-2025, 10:34 AM)Jag149 Wrote: [ -> ]If the government is going to endow us with a bonus refund then I will take it as a matter of course. What I really want is the savings and an efficient execution going forward by our government. This is actually normal for old large corporations.
There is no evil here this is just a turnaround of a failing business is all. Over the years they devolve into a collection of fiefdoms ruled by self serving middle managers (bureaucrats in government) These people start out with good intentions and become entitled as they embed into the "system". Many successful large corporations understand this and allow very few to manage a department for more than 5-7 years. Sure they will have a few PIP's (pros in position) for continuity but not a lot and certainly not the head person.
They lose the mission of serving the customers believing they get to decide or know better.
They resist change as that makes them uncomfortable and threatens their ultimate control.
Processes degrade and become inefficient and outdated.
They begin "picking" winners and losers. A good old boy system.
They begin spending money in ways that does not support their mission.
They begin supplying services they should not and the customers do not want.
The government needs to take a lesson from this.
This is a good description. And I agree that some of what Trump and Elon are doing is needed. But
1) they are going too fast
and
2) they are needlessly insulting the people whose help they will need to do it right.
(02-19-2025, 09:35 PM)Jag149 Wrote: [ -> ] (02-19-2025, 08:23 PM)homebiscuit Wrote: [ -> ]I want nothing. Use all of that money to pay towards the national debt.
Ditto
Ok, so did you all receive 3 Covid checks in which you simply contributed back to the national debt? I didn't receive any so I'm sure as heck not going to turn down $5k and do what I can to get another $5k.