John from Riverside Posted August 17, 2023 Share Posted August 17, 2023 Is this a bad time to point out that Trump spent more money and put more on the deficit? 1 1 1 Link to comment Share on other sites More sharing options...
Tommy Callahan Posted August 17, 2023 Share Posted August 17, 2023 1 hour ago, John from Riverside said: Is this a bad time to point out that Trump spent more money and put more on the deficit? you talking about when the dems had the house?  Did you send any of the stimy back? any of them unemployment bonuses?    1 Link to comment Share on other sites More sharing options...
John from Riverside Posted August 17, 2023 Share Posted August 17, 2023 1 minute ago, Chris farley said: you talking about when the dems had the house?  Did you send any of the stimy back? any of them unemployment bonuses?    This is a pretty simpleton way of looking at this  Your average American could use that money that was sent those stimulus checks. The problem is people receive money that didn’t really need it.  Link to comment Share on other sites More sharing options...
Tommy Callahan Posted August 17, 2023 Share Posted August 17, 2023 Just now, John from Riverside said: This is a pretty simpleton way of looking at this  Your average American could use that money that was sent those stimulus checks. The problem is people receive money that didn’t really need it.  trying to argue that the covid spending was trump, and trump alone is very simple and wrong.  revisionist history.   1 Link to comment Share on other sites More sharing options...
John from Riverside Posted August 17, 2023 Share Posted August 17, 2023 1 minute ago, Chris farley said: trying to argue that the covid spending was trump, and trump alone is very simple and wrong.  revisionist history.   Simply pointing out that the spending was done under his term  The numbers don’t lie Link to comment Share on other sites More sharing options...
Tommy Callahan Posted August 17, 2023 Share Posted August 17, 2023 (edited) just pointing out it was much more complicated that one man.     Edited August 31, 2023 by Chris farley Link to comment Share on other sites More sharing options...
BillsFanNC Posted August 17, 2023 Share Posted August 17, 2023 With all this reduction of the debt that dementia Joe is constantly claiming... Â it's curious why there is simultaneously a need to increase the debt ceiling? 1 Link to comment Share on other sites More sharing options...
Wacka Posted August 17, 2023 Share Posted August 17, 2023 1. Collect underpants 2. ????? 3. Profit!!! 1 Link to comment Share on other sites More sharing options...
SoCal Deek Posted August 17, 2023 Share Posted August 17, 2023 Of the things the Biden Administration has done this one is a real head scratcher to me. There’s no way in hell you’re going to convince average Americans that inflation isn’t a significant issue in their daily lives. They see it and feel it virtually every day. The Administration would be far better off not talking bout it at all, just as they’ve chosen to do with so many other topics in the last almost three years. 1 2 Link to comment Share on other sites More sharing options...
The Frankish Reich Posted August 17, 2023 Share Posted August 17, 2023 On 8/18/2022 at 9:57 AM, Steve O said: So one of the big things in the inflation reduction act is increasing the size of the IRS to try to reclaim missed taxes. Wouldn't it make more sense to implement a consumption tax and decrease the size of the IRS? Avoid all those federal salaries and health care policies. This would tax those that have income from alternative means, no loopholes for the rich. Japan has had a consumption tax for over 30 years, a lot of growing pains could be avoided studying that history. The last (semi) serious attempt to actually rethink how the USA raises tax revenue was Herman Cain's 9-9-9 thing. It wouldn't have worked as he proposed it, but at least it showed some outside the box thinking. Good luck finding that anywhere in the 14 presidential candidates for 2024. 1 1 Link to comment Share on other sites More sharing options...
SoCal Deek Posted August 17, 2023 Share Posted August 17, 2023 1 minute ago, The Frankish Reich said: The last (semi) serious attempt to actually rethink how the USA raises tax revenue was Herman Cain's 9-9-9 thing. It wouldn't have worked as he proposed it, but at least it showed some outside the box thinking. Good luck finding that anywhere in the 14 presidential candidates for 2024. I believe Vivek promotes a completely flat tax on all income of every kind, for everyone. 2 Link to comment Share on other sites More sharing options...
TSOL Posted August 17, 2023 Share Posted August 17, 2023 Warren Buffett is bracing for a stock market crash. IRA is a bad bill 1 Link to comment Share on other sites More sharing options...
The Frankish Reich Posted August 17, 2023 Share Posted August 17, 2023 2 minutes ago, SoCal Deek said: I believe Vivek promotes a completely flat tax on all income of every kind, for everyone. I'll have to look at that. Thanks for pointing that out. In general, "flat tax" sounds good, but the devil is in the details. How do you compute income for that flat rate? It becomes very complex, and you sometimes wind up with something just as cumbersome as the current tax code. That's why consumption taxes are generally preferable. Link to comment Share on other sites More sharing options...
SectionC3 Posted August 17, 2023 Share Posted August 17, 2023 42 minutes ago, Chris farley said: trying to argue that the covid spending was trump, and trump alone is very simple and wrong.  revisionist history.   He signed off on it.  And, he blew the Senate for Republicans by supporting the more than tripling the individual COVID relief checks.  Blame doesn’t lie solely with Trump for whatever grievance might have with COVID spending.  But the fact remains that this guy is responsible for cutting the top tax rate while at the same time spending like a drunken sailor.  If that’s your definition of fiscal conservatism, then you must be MAGA. Link to comment Share on other sites More sharing options...
The Frankish Reich Posted August 17, 2023 Share Posted August 17, 2023 I just saw this Doug Burgum/Governor of North Dakota/Republican candidate guy. He's making the right kind of noises about tax policy, so maybe there's hope that at least someone will get a debate going. Link to comment Share on other sites More sharing options...
Precision Posted August 17, 2023 Share Posted August 17, 2023 The Inflation Reduction Act should have been called the Renewable Energy Subsidy Act. The largest component of spending in the act is targeted toward renewables and climate change initiatives.  Anyone with the means who is a homeowner should consider taking advantage of the "free money" being thrown around in this act. In our case we received quotes for solar that with the government rebate will eliminate our $350+/month electric bill with a payback of 6-7 years. We are getting quotes for geothermal (ground source heat pump) and considering replacing our 10-year-old pool air source heat pump so that we fully utilize these incentives while they are available.   Personally, I think the act was a poorly named and thought-out way to promote renewables. The incentives will largely be utilized by middle to upper income homeowners in suburban or rural settings. These incentives do nothing for renters, urban homeowners or homeless. It really highlights the stupidity of blue state representatives as in general their constituents benefit the least from this spending. 1 Link to comment Share on other sites More sharing options...
SoCal Deek Posted August 17, 2023 Share Posted August 17, 2023 25 minutes ago, The Frankish Reich said: I'll have to look at that. Thanks for pointing that out. In general, "flat tax" sounds good, but the devil is in the details. How do you compute income for that flat rate? It becomes very complex, and you sometimes wind up with something just as cumbersome as the current tax code. That's why consumption taxes are generally preferable. I’m not in favor of a consumption tax. The wealthy don’t ‘consume’ anywhere near the same percentage of their income as the poor do. I see no problem with a flat tax. If the IRS can calculate all the nonsense embedded in our current tax code, administrating a truly flat tax would be a walk in the park. 1 Link to comment Share on other sites More sharing options...
The Frankish Reich Posted August 17, 2023 Share Posted August 17, 2023 2 minutes ago, SoCal Deek said: If the IRS can calculate all the nonsense embedded in our current tax code, administrating a truly flat tax would be a walk in the park I'm not so sure. Understand that I am using this as an example, not a political point: Trump's taxes. What "income" counts? Those years he didn't pay income taxes, did he have "income?" It's still a mess. Meanwhile, he consumed. A lot. A VAT is often regressive, but there are ways to at least partly ameliorate that through grants, etc. Link to comment Share on other sites More sharing options...
BillsFanNC Posted August 17, 2023 Share Posted August 17, 2023 46 minutes ago, SoCal Deek said: Of the things the Biden Administration has done this one is a real head scratcher to me. There’s no way in hell you’re going to convince average Americans that inflation isn’t a significant issue in their daily lives. They see it and feel it virtually every day. The Administration would be far better off not talking bout it at all, just as they’ve chosen to do with so many other topics in the last almost three years.  Not only are they talking about it...  They've branded it as their own.  Bidenomics.  Brilliant! 2 Link to comment Share on other sites More sharing options...
SoCal Deek Posted August 17, 2023 Share Posted August 17, 2023 3 minutes ago, The Frankish Reich said: I'm not so sure. Understand that I am using this as an example, not a political point: Trump's taxes. What "income" counts? Those years he didn't pay income taxes, did he have "income?" It's still a mess. Meanwhile, he consumed. A lot. A VAT is often regressive, but there are ways to at least partly ameliorate that through grants, etc. Thanks Frank No politics from me here either. As a traditionally high earner, I can tell you that a consumption tax would be an unnecessary benefit to me and my family. Regardless of the details, we already know that the government is able to tax ‘income’. They do now. The change would be that ALL types of income would taxed at the same rate, and there wouldn’t be any write offs. Your tax form would be extremely short. But…now EVERYONE would have skin in the game and everyone would push back (or not) on tax increases. 1 Link to comment Share on other sites More sharing options...
The Frankish Reich Posted August 17, 2023 Share Posted August 17, 2023 (edited) 9 minutes ago, SoCal Deek said: Thanks Frank No politics from me here either. As a traditionally high earner, I can tell you that a consumption tax would be an unnecessary benefit to me and my family. Regardless of the details, we already know that the government is able to tax ‘income’. They do now. The change would be that ALL types of income would taxed at the same rate, and there wouldn’t be any write offs. Your tax form would be extremely short. But…now EVERYONE would have skin in the game and everyone would push back (or not) on tax increases. It has an appeal. But think about business owners. Investments in the business. Business expenses. Etc., etc. Are we going to tax "income" as in "revenue?" Or earnings? And if we're taxing "earnings" we're auditing the write-offs. Just like we do now. Again: Trump (just because we know his situation better than anyone else). He got in trouble by being cheap (and also arguably by trying to conceal an embarrassing fact). He wrote off the Stormy Daniels payoff as a "business expense." Is the New IRS just gonna take his word for it? Or will they have to audit him if there's a pattern of unusual "business expenses?" If getting the IRS off our backs is a big point of tax reform, a flat tax may get us to the 50 yard line, but a total rethink will advance the ball all the way to the goal line. Edited August 17, 2023 by The Frankish Reich 1 Link to comment Share on other sites More sharing options...
SoCal Deek Posted August 17, 2023 Share Posted August 17, 2023 2 minutes ago, The Frankish Reich said: It has an appeal. But think about business owners. Investments in the business. Business expenses. Etc., etc. Are we going to tax "income" as in "revenue?" Or earnings? And if we're taxing "earnings" we're auditing the write-offs. Just like we do now. We’re not talking about corporate tax. We’re talking about personal income tax.  If you’re asking about people who run their business expenses through their personal finances, I’m sure that would change….but then again if their overall tax rate would be going DOWN I’m not sure they’d have much of a complaint. 1 Link to comment Share on other sites More sharing options...
TSOL Posted August 17, 2023 Share Posted August 17, 2023 The IRA bill will make china very rich as they hold the vast amount of rare earth minerals needed to produce the battery's  And they use slave labor to obtain them.  Utility company's are already fighting this bill saying there's no way they can meet the requirements in the timeline of the bill. It's going to be ridiculously expensive and technologically impossible 2 Link to comment Share on other sites More sharing options...
SoCal Deek Posted August 17, 2023 Share Posted August 17, 2023 2 minutes ago, TSOL said: The IRA bill will make china very rich as they hold the vast amount of rare earth minerals needed to produce the battery's  And they use slave labor to obtain them.  Utility company's are already fighting this bill saying there's no way they can meet the requirements in the timeline of the bill. It's going to be ridiculously expensive and technologically impossible I’ve often wondered about this. This new technology either works or it doesn’t. As only a very small percentage of vehicles are powered by electricity right now (including mine) I will not be the least bit surprised if a very short few years from now we’re all being told that the used batteries are piling up in landfills and we all now need to switch to something else. 2 Link to comment Share on other sites More sharing options...
TSOL Posted August 17, 2023 Share Posted August 17, 2023 4 minutes ago, SoCal Deek said: I’ve often wondered about this. This new technology either works or it doesn’t. As only a very small percentage of vehicles are powered by electricity right now (including mine) I will not be the least bit surprised if a very short few years from now we’re all being told that the used batteries are piling up in landfills and we all now need to switch to something else.   This bill seems like it was written by 20 year old tick tock social media influencers 1 Link to comment Share on other sites More sharing options...
Doc Posted August 17, 2023 Share Posted August 17, 2023 48 minutes ago, TSOL said: This bill seems like it was written by 20 year old tick tock social media influencers  If not written by, at least approved by... 1 Link to comment Share on other sites More sharing options...
B-Man Posted August 24, 2023 Share Posted August 24, 2023   For SOME reason Biden's not using title of 'significant piece of legislation' he signed last year  It's been just over a year since President Biden signed a "significant piece of clean energy legislation" into law, and we're starting to think the White House is really hoping we've all forgotten what it was called:   No Republicans voted for it, KJP -- or whoever wrote that -- because it had nothing to do with reducing inflation (quite the contrary if anything) and was loaded with "clean energy" sham spending.  Oh, didn't the law have a name besides "significant piece of legislation"? Yes, it did:  Yeah, didn't you also call it the Inflation Reduction Act to get it passed because you knew it wouldn't otherwise.    https://twitchy.com/dougp/2023/08/24/for-some-reason-bidens-not-using-title-of-significant-piece-of-legislation-he-signed-last-year-n2386556 1 Link to comment Share on other sites More sharing options...
Doc Posted August 24, 2023 Share Posted August 24, 2023 1 hour ago, B-Man said:   For SOME reason Biden's not using title of 'significant piece of legislation' he signed last year  It's been just over a year since President Biden signed a "significant piece of clean energy legislation" into law, and we're starting to think the White House is really hoping we've all forgotten what it was called:   No Republicans voted for it, KJP -- or whoever wrote that -- because it had nothing to do with reducing inflation (quite the contrary if anything) and was loaded with "clean energy" sham spending.  Oh, didn't the law have a name besides "significant piece of legislation"? Yes, it did:  Yeah, didn't you also call it the Inflation Reduction Act to get it passed because you knew it wouldn't otherwise.    https://twitchy.com/dougp/2023/08/24/for-some-reason-bidens-not-using-title-of-significant-piece-of-legislation-he-signed-last-year-n2386556  Not a chance she wrote that or even anything on her own Twitter account. 1 Link to comment Share on other sites More sharing options...
B-Man Posted August 30, 2023 Share Posted August 30, 2023    It was always just a democrat allies payoff.   Federal revenue falls $416 billion from this time last year despite passage of IRA by Nicholas Ballasy  Federal revenue dropped $416 billion compared to this time last year, according to recently released U.S. Treasury Department data, despite the Democrats’ passage of their $780 billion Inflation Reduction Act last year. The legislation, which President Biden signed in August 2022, contained a 15% minimum corporate income tax, which still hasn't been fully implemented by the IRS. Experts at the Committee for a Responsible Federal Budget and the Tax Foundation told Just the News that most of the revenue raising provisions in the IRA have not taken effect yet but they likely won't raise much revenue given the price-tag of the energy-related tax credits in the bill.  https://justthenews.com/government/federal-agencies/revenue-down-416billion-compared-time-last-year-despite-passage    . 1 Link to comment Share on other sites More sharing options...
T master Posted August 30, 2023 Author Share Posted August 30, 2023 (edited) I watched a video the other day of a guy listening to a news cast of how inflation is going down but said i wish i could see the cost of the things i buy coming down that are continuing to go up in cost . Â Thanks Joe for your untiring & relentless pursuit of a better economy for all, i can & have seen your great economic agenda in action . Â In the last 3 years my gas prices have increased, my electric prices have now over doubled possibly because of the electric car agenda, my insurance on my vehicles & home owners have all increased, & i have been paying in sometime $1000 or more a week in taxes . Â YOU DUH MAN JOE !! Â Edited August 30, 2023 by T master 3 Link to comment Share on other sites More sharing options...
B-Man Posted August 31, 2023 Share Posted August 31, 2023 Â Â 1 Link to comment Share on other sites More sharing options...
The Frankish Reich Posted August 31, 2023 Share Posted August 31, 2023 12 minutes ago, B-Man said: Â Â I am assuming this is snark. But after Jack Posobiec attributed such things to the Wrath of God, I'm just not sure anymore. Â Link to comment Share on other sites More sharing options...
ALF Posted August 31, 2023 Share Posted August 31, 2023 It's way too late to stop climate change , it will take forever at best. 1 1 Link to comment Share on other sites More sharing options...
Tommy Callahan Posted August 31, 2023 Share Posted August 31, 2023 Be afraid. the 6th mass extinction event that started 10K years ago, is about to get lit. https://en.wikipedia.org/wiki/Holocene_extinction If humans are considered the cause, guess we are what needs to go.  "The Holocene extinction is also known as the "sixth extinction", as it is possibly the sixth mass extinction event, after the Ordovician–Silurian extinction events, the Late Devonian extinction, the Permian–Triassic extinction event, the Triassic–Jurassic extinction event, and the Cretaceous–Paleogene extinction event."  The Holocene extinction is mainly caused by human activities. [50] [10] [52] [55] Some have suggested that anthropogenic extinctions may have begun as early as when the first modern humans spread out of Africa between 200,000 and 100,000 years ago   https://www.sciencedaily.com/releases/2022/01/220113194911.htm  But you know, if we just spend more on massive stimulus to mega corps with green Ideas for sale, we can fix it. thats fur sure  eff, if that doesnt work do more of the same spending, but this time call it the infrastructure bill, or the inflation reduction bill. no one reads past the title anymore.  Wonder how all the weapons being used in places like Ukraine push this narrative?          Link to comment Share on other sites More sharing options...
B-Man Posted August 31, 2023 Share Posted August 31, 2023 28 minutes ago, The Frankish Reich said: Â Â I am assuming this is snark. Â Â Â Very good Frank. Â Go take something out of the "smart boys" candy bowl on the desk. Â Â Â 1 Link to comment Share on other sites More sharing options...
The Frankish Reich Posted August 31, 2023 Share Posted August 31, 2023 1 hour ago, B-Man said:   Very good Frank.  Go take something out of the "smart boys" candy bowl on the desk.    Im relieved. After one of your Twitter monkeys said something equally stupid, apparently not in jest, I felt compelled to ask. Link to comment Share on other sites More sharing options...
ALF Posted August 31, 2023 Share Posted August 31, 2023 Inflation came down but prices stay very high , except eggs , not good at all. What do politicians say, it's the economy stupid. 1 Link to comment Share on other sites More sharing options...
John from Riverside Posted August 31, 2023 Share Posted August 31, 2023 3 hours ago, B-Man said:   Did you think that we were going to see production on this immediately? Why would you think that? 3 hours ago, ALF said: It's way too late to stop climate change , it will take forever at best. We’re seeing effects of it now  But when it really hits and we have a really catastrophic event, I wonder what the stance of Republicans will be at that time   1 Link to comment Share on other sites More sharing options...
Tommy Callahan Posted September 1, 2023 Share Posted September 1, 2023 it "works" because the supporters of the ones that passed it, just read the headlines and will 100% support the party. Probably because they don't want to be ostracized like the mob does with any voice outside the umbrella. Â Â Â Â Link to comment Share on other sites More sharing options...
SoCal Deek Posted September 1, 2023 Share Posted September 1, 2023 I was on the road all day yesterday traveling to and from a speaking engagement. I drove thru a McDonalds to get a fast ‘lunch’ on and off the highway. It’s over TEN DOLLARS for six chicken nuggets, fries and a Diet Coke. Sure….there’s no inflation! 🙄 1 Link to comment Share on other sites More sharing options...
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