unbillievable Posted September 28, 2021 Share Posted September 28, 2021 22 minutes ago, Boatdrinks said: Don’t need to raise taxes to reduce the deficit. Raise taxes and lower spending to reduce the debt by more than $3.5 trillion. Still would take 80 years to get to 0... Link to comment Share on other sites More sharing options...
Tenhigh Posted September 28, 2021 Share Posted September 28, 2021 On 9/27/2021 at 4:38 PM, ALF said: Under Biden no one earning less then $400K a year will see a tax increase. That sounds more then fair. Unless you are married and both work, then it's 450k regardless of location. And what makes it more than fair? 1 Link to comment Share on other sites More sharing options...
SoCal Deek Posted September 29, 2021 Share Posted September 29, 2021 How about we raise everyone’s taxes and then sit back and watch how fast this spending plan evaporates? 1 Link to comment Share on other sites More sharing options...
Doc Posted September 29, 2021 Share Posted September 29, 2021 16 minutes ago, SoCal Deek said: How about we raise everyone’s taxes and then sit back and watch how fast this spending plan evaporates? Flat tax those making more than $1M. Poof! Link to comment Share on other sites More sharing options...
Doc Brown Posted September 29, 2021 Share Posted September 29, 2021 (edited) 4 hours ago, unbillievable said: How about raising taxes without the pork so we can lower the debt by $3.5 Trillion. I’m beginning to think MMT enthusiasts better be right or we’re screwed. Edited September 29, 2021 by Doc Brown Link to comment Share on other sites More sharing options...
plenzmd1 Posted September 29, 2021 Share Posted September 29, 2021 8 hours ago, Doc Brown said: I’m beginning to think MMT enthusiasts better be right or we’re screwed. I have been saying that since March of 20, bu to be fair, many have been saying it since 09. I truly became aware of MMT prolly at the beginning of Trump era, and his escalation of the debt. Still don’t think I have a great grasp on it. 1 Link to comment Share on other sites More sharing options...
Orlando Tim Posted September 29, 2021 Share Posted September 29, 2021 On 9/27/2021 at 7:59 PM, SoCal Deek said: Some of you people need to own a corporation for a year. It’ll be a real eye opener! (Speaking from experience.) Why are you threatening me? I will not deal with that kind of paperwork. 😃 Link to comment Share on other sites More sharing options...
SoCal Deek Posted September 29, 2021 Share Posted September 29, 2021 6 minutes ago, Buffalo Timmy said: Why are you threatening me? I will not deal with that kind of paperwork. 😃 Ha! Here’s what people don’t understand. If my corporation makes a profit at the end of the year we only have a few options. First, we can try to convince the IRS that it’s not a profit by pushing back those earnings saying we’ve got costs related to them next year…but obviously that’s merely a delay strategy and the piper will eventually be paid. Second, we can declare the profit and get taxed on it at corporate rates. Third, we can distribute those profits to our employees and partners which means they all pay taxes on that distribution as regular earnings. There is NO BASEMENT where we can hide the money!!! Sheeesh By the way, we generally choose a mixture of all three of the above with the LEAST amount being left for corporate taxation. Link to comment Share on other sites More sharing options...
BillStime Posted September 30, 2021 Share Posted September 30, 2021 1 Link to comment Share on other sites More sharing options...
Tiberius Posted September 30, 2021 Share Posted September 30, 2021 On 9/28/2021 at 8:17 PM, SoCal Deek said: How about we raise everyone’s taxes and then sit back and watch how fast this spending plan evaporates? Said no one. Damn, Biden is so good you have to sit there stuffing straw men to attack him Link to comment Share on other sites More sharing options...
SoCal Deek Posted September 30, 2021 Share Posted September 30, 2021 7 hours ago, Tiberius said: Said no one. Damn, Biden is so good you have to sit there stuffing straw men to attack him You have some of the strangest takes on things. No kidding...."said no one". The last thing any of these politicians (on both sides) want is to have everyone pulling in the same direction, or everyone paying their 'fair share'. Politicians have learned that they keep their jobs longer if they pit one group of Americans against the other. Link to comment Share on other sites More sharing options...
Irv Posted September 30, 2021 Share Posted September 30, 2021 At least Manchin doesn’t have his head up his ass on this idiotic spending plan Demented Biden is pushing. What A Mess Link to comment Share on other sites More sharing options...
B-Man Posted October 1, 2021 Share Posted October 1, 2021 UNEXPECTEDLY! ● Initial jobless claims unexpectedly rise. https://www.foxbusiness.com/economy/initial-jobless-claims-september-25 ● New Jobless Claims Keep Rising Unexpectedly Despite Nearly 6 Million Americans Dropping Unemployment Benefits. https://www.forbes.com/sites/jonathanponciano/2021/09/30/new-jobless-claims-keep-rising-unexpectedly-despite-end-to-federal-unemployment-benefits-for-11-million-americans/?sh=7dfac42d1dec ● Weekly jobless claims rise more than expected to 362,000. https://www.cnbc.com/2021/09/30/weekly-jobless-claims.html As Joe Biden warned (threatened?), “Milton Friedman isn’t running the show anymore.” But hey, happy days are here again! Amity Shlaes on Biden As the New FDR: It’s the same old bad deal for jobs. https://thehill.com/opinion/white-house/552354-biden-as-the-new-fdr-its-the-same-old-bad-deal-for-jobs Not until World War II did joblessness finally begin to subside, in good measure because of military mobilization — important, but not the same as peacetime employment. As often discussed, errors in monetary policy contributed to the misfortune that was the 1930s. The cause of the duration of the Depression, though, was Washington’s persistent intervention. The chief economist at Chase, Benjamin Anderson, noted that after failing by playing God, the government chose not to retire but simply “to play God more vigorously.” The first lesson of this sorry account is that an arbitrary national economic campaign from atop generates damaging uncertainty in the economy. However charmingly it reverberates, the very phrase “bold persistent experimentation” stifles growth. The second point is that what helps the union hurts the worker. President Biden’s proposal to end “Right to Work,” if it becomes law, will dramatically stifle employment. Flashback: FDR’s policies prolonged Depression by 7 years, UCLA economists calculate. https://www.ff.org/fdrs-policies-prolonged-depression-by-7-years-ucla-economists-calculate/ Link to comment Share on other sites More sharing options...
Irv Posted October 1, 2021 Share Posted October 1, 2021 1 minute ago, B-Man said: UNEXPECTEDLY! ● Initial jobless claims unexpectedly rise. https://www.foxbusiness.com/economy/initial-jobless-claims-september-25 ● New Jobless Claims Keep Rising Unexpectedly Despite Nearly 6 Million Americans Dropping Unemployment Benefits. https://www.forbes.com/sites/jonathanponciano/2021/09/30/new-jobless-claims-keep-rising-unexpectedly-despite-end-to-federal-unemployment-benefits-for-11-million-americans/?sh=7dfac42d1dec ● Weekly jobless claims rise more than expected to 362,000. https://www.cnbc.com/2021/09/30/weekly-jobless-claims.html As Joe Biden warned (threatened?), “Milton Friedman isn’t running the show anymore.” But hey, happy days are here again! Amity Shlaes on Biden As the New FDR: It’s the same old bad deal for jobs. https://thehill.com/opinion/white-house/552354-biden-as-the-new-fdr-its-the-same-old-bad-deal-for-jobs Not until World War II did joblessness finally begin to subside, in good measure because of military mobilization — important, but not the same as peacetime employment. As often discussed, errors in monetary policy contributed to the misfortune that was the 1930s. The cause of the duration of the Depression, though, was Washington’s persistent intervention. The chief economist at Chase, Benjamin Anderson, noted that after failing by playing God, the government chose not to retire but simply “to play God more vigorously.” The first lesson of this sorry account is that an arbitrary national economic campaign from atop generates damaging uncertainty in the economy. However charmingly it reverberates, the very phrase “bold persistent experimentation” stifles growth. The second point is that what helps the union hurts the worker. President Biden’s proposal to end “Right to Work,” if it becomes law, will dramatically stifle employment. Flashback: FDR’s policies prolonged Depression by 7 years, UCLA economists calculate. https://www.ff.org/fdrs-policies-prolonged-depression-by-7-years-ucla-economists-calculate/ Demented Biden. Since 1776, we have been a country of victors. Now we reward victims. Pathetic. What A Mess Link to comment Share on other sites More sharing options...
B-Man Posted October 2, 2021 Share Posted October 2, 2021 House Budget Committee chair tells CNN host the federal gov’t ‘can afford anything it feels it needs to do’ https://twitchy.com/dougp-3137/2021/10/01/house-budget-committee-chair-tells-cnn-host-the-federal-govt-can-afford-anything-it-feels-it-needs-to-do/ Link to comment Share on other sites More sharing options...
JaCrispy Posted October 2, 2021 Share Posted October 2, 2021 (edited) On 9/28/2021 at 10:54 AM, B-Man said: Here's Why Biden Is so Desperate to Sell the Lie That His Plan Costs 'Zero Dollars' by Nick Arama As we previously reported, Joe Biden is going all-in with this ridiculous claim, suddenly, that his $3.5 trillion budget reconciliation bill costs “zero dollars.” He wasn’t alone in trying to push this claim. As we pointed out, he had Sen. Cory Booker (D-NJ) parroting the claim. Now, other Democrats have jumped aboard the narrative train including Rep. Pramila Jayapal (D-WA), the head of the Congressional Progressive Caucus. Rep. Alan Lowenthal (D-CA) signed on board as well. Here’s White House Press Secretary Jen Psaki trying to sell the same claim. But, of course, what would a Democratic agenda narrative be without help from their buddies More at the link: https://redstate.com/nick-arama/2021/09/27/heres-why-biden-is-so-desperate-to-sell-the-lie-that-his-plan-costs-zero-dollars-n448840 Well, when you believe that 2+2 equals whatever you want, it all starts to make cents...😉 Edited October 2, 2021 by JaCrispy 1 Link to comment Share on other sites More sharing options...
Backintheday544 Posted October 4, 2021 Share Posted October 4, 2021 On 10/2/2021 at 4:40 PM, JaCrispy said: Well, when you believe that 2+2 equals whatever you want, it all starts to make cents...😉 It’s an argument of net vs gross. The tax plan to pay for the bill could net it to $0. Lets contrast this to TCJA, which was also a reconciliation bill. That was a $1.5 trillion dollar hand out to wealthy Americans without any netting component. Hell, Republicans were even lets handout money to Corporations over people so they made all the Corp tax cuts permanent and all the individual tax cuts expire in 2026. 1 Link to comment Share on other sites More sharing options...
B-Man Posted October 4, 2021 Share Posted October 4, 2021 1 Link to comment Share on other sites More sharing options...
Doc Posted October 4, 2021 Share Posted October 4, 2021 That's infinitely more than Trump gave Vlad... Link to comment Share on other sites More sharing options...
B-Man Posted October 8, 2021 Share Posted October 8, 2021 September’s jobs creation comes up short with gain of just 194,000 https://www.cnbc.com/2021/10/08/september-jobs-report.html Link to comment Share on other sites More sharing options...
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