Jeremiahcp
Well-Known Jerk
The many ways President Trump would benefit from the GOP’s tax plan
If you cut taxes for the ultra-rich then were does the missing difference come from?
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"The many ways President Trump would benefit from the GOP’s tax plan"
- Thread starter Jeremiahcp
- Start date
The many ways President Trump would benefit from the GOP’s tax plan
If you cut taxes for the ultra-rich then were does the missing difference come from?
tytlyf
Not Religious
Democrats want to give the middle class tax cuts and raise taxes on the wealthy. (the wealthy don't pay their advertised rate as it is)
Republicans want to give the wealthy and corporations tax cuts and raise taxes on the middle class. The GOP will tell you that giving these 1%'rs tax cuts will create jobs for the middle class. A lie.
Republicans want to give the wealthy and corporations tax cuts and raise taxes on the middle class. The GOP will tell you that giving these 1%'rs tax cuts will create jobs for the middle class. A lie.
I think it was apparent very shortly after Trump took office that what we had elected to the most powerful position in the world was a family dynasty. One look at his cabinet appointments reveals the rest of the plan for the super wealthy.
Anyone ever read Taylor Caldwell"s 'Captains and the Kings'?.
Conservative voters lead the charge for lower taxes and deregulation. They somehow think that this is good for them and their neighbors.
BSM1
What? Me worry?
Just curious, how much of someone else's money do you feel entitled to?
tytlyf
Not Religious
They'll fall for it. Throw in some panic mongering propaganda and scare the herd.
Jeremiahcp
Well-Known Jerk
whirlingmerc
Well-Known Member
Obama policies largely failed.... the insurance sector was significantly destabilized and the promises of cost savings never kept but social engineering prevailed... Trump is undiplomatic and could stand wiser choices of words but somewhat better policies
Psalm 6 a sorrowful psalm
Jeremiahcp
Well-Known Jerk
It cost money to run the country, to pay for roads, to pay for schools, to pay for the army, etc.
So my question is: If you cut taxes on the ultra-rich where does the difference come from? @BSM1 are you willing to pay that difference? How about you @whirlingmerc?
Where does this money come from? Think about it.
So my question is: If you cut taxes on the ultra-rich where does the difference come from? @BSM1 are you willing to pay that difference? How about you @whirlingmerc?
Where does this money come from? Think about it.
BSM1
What? Me worry?
Talk about fear mongering! We are 19 trillion--that's trillion--with a "t" in debt now. It's not a matter of replacing the money, it's a matter of not spending what we don't have. You could take every dollar that the "rich" have and still not cover the debt. This fallacy of replacing tax dollars sure plays well with the ignorant takers in this society.
metis
aged ecumenical anthropologist
Yep.
After Sweden recovered rather nicely in the late 1990's from watching their economy going down over the decade preceding it, the retired finance minister was asked how he managed to spearhead their economic success. His two-word response when interviewed was "Higher taxes". Now, tell that to a conservative who doesn't understand basic economics and watch his head explode.
Some people tend to think that when one is taxed that their money must somehow disappear, but that ain't the case. Instead, as you well know, wisely spent taxes can be used to stimulate growth in areas more likely to benefit society as a whole. For example, helping the poor has a much stronger benefit under normal circumstances than helping the wealthy because the poor are more likely to spend most of it locally, which is where we would want the growth to begin. With the rich, we don't know if they'll spend it there or even spend any of it domestically.
metis
aged ecumenical anthropologist
The biggest "takers" in American society are the large corporations and the wealthy, who can finagle myriads of tax breaks that us peons can't. They are not "ignorant"-- they're just trying to get the most out of their investments and we're dumb enough to let them get these breaks while we're paying the shortfall they help to create.
Kuzcotopia
If you can read this, you are as lucky as I am.
Enough to even out this graph.
It's either provided as fair wages for labor, or taken as taxes to provide goods and services.
I'd prefer the former, but I'm not one of the ones making the bad choices. Funny. . . there's a 99% chance that you'd be helped as well if this graph were more equitable.
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Tis a bottomless pit of need, ultimately ended only by creating a socialist utopia....like N Korea.
Kuzcotopia
If you can read this, you are as lucky as I am.
Wedge issues and religion in politics practically ensure that a proportion of then population vote against their own self-interests.
The right-wing are the ones perpetuating the culture war. If it were called the standard of living war or the wage gap war, they'd have already lost three decades ago.
whirlingmerc
Well-Known Member
Many liberal politicians are rich and Clinton Inc is example but so was Obama.... in the end it may be a case of exploiting class envy to some political end when the rich card is played Lyndon Johnson was rich after leaving office and Pelosi seems to have a green thumb
Psalms on Humility, Pride, Rich, Poor, Low and High
Psalms on Humility, Pride, Rich, Poor, Low and High
Jeremiahcp
Well-Known Jerk
That is not fear mongering.
"It's not a matter of replacing the money, it's a matter of not spending what we don't have"
Well then good thing we are increasing military spending at the same time we are cutting taxes.
"We are 19 trillion--that's trillion--with a "t" in debt now."
And so you don't care if they deepen that? I am not sure what your argument is here, as their purposed tax plan will likely increase the national debt.
"This fallacy of replacing tax dollars sure plays well with the ignorant takers in this society."
The money has to come from somewhere, money does not grow on trees, @BSM1.
There's a problem with trying to reduce this gap by taxation.
It doesn't address causes.....
- Cultural aversion to work.
- Automation is eliminating jobs.
Moreover, increasing taxation has risks....
- Increased revenue leads to increased spending.
- Increased taxation can cause the flight of money & labor.
Any solution should address....
- Making lower skill people productive.
- A comprehensive tax policy designed to provide needed revenue without encouraging
capital flight overseas or discouraging productivity & entrepreneurial risk taking.
So far, no major political party is analyzing things this way.
Both seem more about pandering for votes.
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