When Did Trump Make You A Keynesian?

[g5000]

We've all heard the pseudocon Rube Herd parrot the meme that "tax cuts increase revenues". They get this meme from their propagandists and then repeat it unthinkingly.

There are two key facts which expose the lie hidden in that meme. First, the obvious fact is that if you lower tax rates all the way to zero, you have zero revenues. So at some point, tax cuts fail to increase revenues.

The second fact is one which their propagandists deliberately keep from the rubes. This is a deliberate omission, and therefore a deliberately crafted lie. And that fact is that revenues have also increased after a tax INCREASE.

See for yourself. Here is a history of tax rates: https://files.taxfoundation.org/legacy/docs/fed_individual_rate_history_nominal.pdf

Notice how tax rates increased under Bill Clinton in 1993. The top marginal rate increased from 31 percent to 39.6 percent, and stayed that way until 2001.

Now here is a history of federal revenues: Who Really Pays Uncle Sam's Bills?

Notice how tax revenues INCREASED after the tax rates went UP a whopping 8.6 points:


FY 1991 - $1.05 trillion.
FY 1992 - $1.09 trillion.
FY 1993 - $1.15 trillion.
FY 1994 - $1.26 trillion.
FY 1995 - $1.35 trillion.
FY 1996 - $1.45 trillion.
FY 1997 - $1.58 trillion.
FY 1998 - $1.72 trillion.
FY 1999 - $1.82 trillion.
FY 2000 - $2.03 trillion

Just a few years after Clinton's tax increase, federal revenues had DOUBLED!!!

And after the Bush tax cut expired on the top marginal rate in 2013, federal revenues continued to increase:

FY 2012 - $2.45 trillion.
FY 2013 - $2.77 trillion.
FY 2014 - $3.02 trillion.
FY 2015 - $3.25 trillion.
FY 2016 - $3.27 trillion.
FY 2017 - $3.32 trillion.

So, clearly, increasing or decreasing tax rates a few points here and there has almost nothing to do with revenues.

As Bill Clinton said, "It's the economy, stupid."

By the way, job growth exploded during the higher tax Clinton years. 30 million jobs in 8 years, with less than 5 percent unemployment.

So the next time you are crowing about the current tax rate increasing revenues, you should know your propagandists are counting on you not looking beyond the carefully framed numbers they present to your dumb ass.


But it gets worse. Much worse. You are being even dumber than that.

Because while your pseudocon propagandists are crowing about revenues, they are counting on you not noticing that despite increased revenues, your party and your President are EXPLODING our deficits!

It's called misdirection. A classic magician's trick to fool the rubes.

Trump is on track to blow Obama's debt record wide open. And after whining and whining and whining and whining non-stop for eight years about Obama's spending, your propagandists have gone dark.

And so have you.

The stench of hypocrisy is all over you.

 

[g5000]

Here are the US deficits by year: Is the U.S. Budget Deficit Really That Bad?

FY 2009 $1.4 trillion
FY 2010 $1.3 trillion
FY 2011 $1.3 trillion
FY 2012 $1 trillion
FY 2013 $679 billion
FY 2014 $485 billion
FY 2015 $438 billion
FY 2016 $585 billion
FY 2017 $665 billion
FY 2018 $833 billion (est)
FY 2019 $984 billion (est)


As you can plainly see, during the Obama regime, deficits had a downward trend, and during the Trump regime they have an upward trend, with a lot of help by the Republican Congress. Just like deficits had an upward trend the last time a Republican President had a Republican Congress.


Also, Trump's tax "reform" will add $1.5 trillion dollars to our debt. The pseudocons crowed that this giant debt bill would stimulate the economy. It just doesn't get more Keynesian than that.

In fact, the pseudocons have out-Keynesed Keynes! Keynes didn't believe in deficit spending during an up economy. He actually believed we should pay our debt DOWN during an up economy.


So...when did Trump make you pseudocons into uber Keynesians?

 

[Wyatt earp]

When did Trump make you a pussy and how many threads you going to start?


.

 

[g5000]

Trump's $1.5 trillion debt bomb he called a "tax reform" was supposed to stimulate the economy. Remember how wages were going to explode?

It turns out all those corporations who received a big cash windfall from their tax cuts used that money to do stock buybacks instead of trickling it down to their workers.

Tax cut triggers $437 billion explosion of stock buybacks

Not only is that most ever, it nearly doubles the previous record of $242.1 billion, which was set during the first three months of the year.

.

 

[g5000]

When did Trump make you a pussy and how many threads you going to start?


.

Is that all you got, dumb ass?

Sad.

 

[miketx]

 

[Fort Fun Indiana]

It turns out all those corporations who received a big cash windfall from their tax cuts used that money to do stock buybacks instead of trickling it down to their workers.

And predictably so. Wealth hoarding is the American way.

 

[basquebromance]

The reason the Republican Party is getting more popular is because it’s the party of Donald Trump, which is the party of results and fulfilled promises

 

[MarcATL]

We've all heard the pseudocon Rube Herd parrot the meme that "tax cuts increase revenues". They get this meme from their propagandists and then repeat it unthinkingly.

There are two key facts which expose the lie hidden in that meme. First, the obvious fact is that if you lower tax rates all the way to zero, you have zero revenues. So at some point, tax cuts fail to increase revenues.

The second fact is one which their propagandists deliberately keep from the rubes. This is a deliberate omission, and therefore a deliberately crafted lie. And that fact is that revenues have also increased after a tax INCREASE.

See for yourself. Here is a history of tax rates: https://files.taxfoundation.org/legacy/docs/fed_individual_rate_history_nominal.pdf

Notice how tax rates increased under Bill Clinton in 1993. The top marginal rate increased from 31 percent to 39.6 percent, and stayed that way until 2001.

Now here is a history of federal revenues: Who Really Pays Uncle Sam's Bills?

Notice how tax revenues INCREASED after the tax rates went UP a whopping 8.6 points:


FY 1991 - $1.05 trillion.
FY 1992 - $1.09 trillion.
FY 1993 - $1.15 trillion.
FY 1994 - $1.26 trillion.
FY 1995 - $1.35 trillion.
FY 1996 - $1.45 trillion.
FY 1997 - $1.58 trillion.
FY 1998 - $1.72 trillion.
FY 1999 - $1.82 trillion.
FY 2000 - $2.03 trillion

Just a few years after Clinton's tax increase, federal revenues had DOUBLED!!!

And after the Bush tax cut expired on the top marginal rate in 2013, federal revenues continued to increase:

FY 2012 - $2.45 trillion.
FY 2013 - $2.77 trillion.
FY 2014 - $3.02 trillion.
FY 2015 - $3.25 trillion.
FY 2016 - $3.27 trillion.
FY 2017 - $3.32 trillion.

So, clearly, increasing or decreasing tax rates a few points here and there has almost nothing to do with revenues.

As Bill Clinton said, "It's the economy, stupid."

By the way, job growth exploded during the higher tax Clinton years. 30 million jobs in 8 years, with less than 5 percent unemployment.

So the next time you are crowing about the current tax rate increasing revenues, you should know your propagandists are counting on you not looking beyond the carefully framed numbers they present to your dumb ass.


But it gets worse. Much worse. You are being even dumber than that.

Because while your pseudocon propagandists are crowing about revenues, they are counting on you not noticing that despite increased revenues, your party and your President are EXPLODING our deficits!

It's called misdirection. A classic magician's trick to fool the rubes.

Trump is on track to blow Obama's debt record wide open. And after whining and whining and whining and whining non-stop for eight years about Obama's spending, your propagandists have gone dark.

And so have you.

The stench of hypocrisy is all over you.

Powerful.

 

[Skull Pilot]

Trump's $1.5 trillion debt bomb he called a "tax reform" was supposed to stimulate the economy. Remember how wages were going to explode?

It turns out all those corporations who received a big cash windfall from their tax cuts used that money to do stock buybacks instead of trickling it down to their workers.

Tax cut triggers $437 billion explosion of stock buybacks

Not only is that most ever, it nearly doubles the previous record of $242.1 billion, which was set during the first three months of the year.

.

Don't care about debt

All I care about is keeping as much of my own money as possible

 

[Wry Catcher]

Here are the US deficits by year: Is the U.S. Budget Deficit Really That Bad?

FY 2009 $1.4 trillion
FY 2010 $1.3 trillion
FY 2011 $1.3 trillion
FY 2012 $1 trillion
FY 2013 $679 billion
FY 2014 $485 billion
FY 2015 $438 billion
FY 2016 $585 billion
FY 2017 $665 billion
FY 2018 $833 billion (est)
FY 2019 $984 billion (est)


As you can plainly see, during the Obama regime, deficits had a downward trend, and during the Trump regime they have an upward trend, with a lot of help by the Republican Congress.


Also, Trump's tax "reform" will add $1.5 trillion dollars to our debt. The pseudocons crowed that this giant debt bill would stimulate the economy. It just doesn't get more Keynesian than that.

In fact, the pseudocons have out-Keynesed Keynes! Keynes didn't believe in deficit spending during an up economy. He actually believed we should pay our debt DOWN during an up economy.


So...when did Trump make you pseudocons into uber Keynesians?

Of course the money spent has little to do with fixing what is wrong, and what is wrong is our nation's infrastructure.

We need safe bridges and tunnels and roads, an electrical grid safe from cyber attacks and able to withstand natural disasters; we need flood controls to allow for less flooding and more ability to capture rain water, by building canals and pipelines to reservoirs l for drinking, recreation and even transportation.

Doing so will create blue color jobs, not one's which contribute to fouling our air, water and soil. Something the current Congress and Executive won't consider, as they are so focused on their job and those who pay for their reelection.

 

[Wry Catcher]

Trump's $1.5 trillion debt bomb he called a "tax reform" was supposed to stimulate the economy. Remember how wages were going to explode?

It turns out all those corporations who received a big cash windfall from their tax cuts used that money to do stock buybacks instead of trickling it down to their workers.

Tax cut triggers $437 billion explosion of stock buybacks

Not only is that most ever, it nearly doubles the previous record of $242.1 billion, which was set during the first three months of the year.

.

Don't care about debt

All I care about is keeping as much of my own money as possible

That's honest, and despicable.

 

[Skull Pilot]

Trump's $1.5 trillion debt bomb he called a "tax reform" was supposed to stimulate the economy. Remember how wages were going to explode?

It turns out all those corporations who received a big cash windfall from their tax cuts used that money to do stock buybacks instead of trickling it down to their workers.

Tax cut triggers $437 billion explosion of stock buybacks

Not only is that most ever, it nearly doubles the previous record of $242.1 billion, which was set during the first three months of the year.

.

Don't care about debt

All I care about is keeping as much of my own money as possible

That's honest, and despicable.

No what's despicable is the malfeasance committed by our politicians

You're an absolute idiot if you think giving politicians more of your money is going to do a god damned thing besides making you poorer.

 

[g5000]

Trump's $1.5 trillion debt bomb he called a "tax reform" was supposed to stimulate the economy. Remember how wages were going to explode?

It turns out all those corporations who received a big cash windfall from their tax cuts used that money to do stock buybacks instead of trickling it down to their workers.

Tax cut triggers $437 billion explosion of stock buybacks

Not only is that most ever, it nearly doubles the previous record of $242.1 billion, which was set during the first three months of the year.

.

Don't care about debt

All I care about is keeping as much of my own money as possible

Except it isn't your money. It is your descendants money. They are being saddled with the government debt you are running up.

 

[g5000]

Trump's $1.5 trillion debt bomb he called a "tax reform" was supposed to stimulate the economy. Remember how wages were going to explode?

It turns out all those corporations who received a big cash windfall from their tax cuts used that money to do stock buybacks instead of trickling it down to their workers.

Tax cut triggers $437 billion explosion of stock buybacks

Not only is that most ever, it nearly doubles the previous record of $242.1 billion, which was set during the first three months of the year.

.

Don't care about debt

All I care about is keeping as much of my own money as possible

That's honest, and despicable.

No what's despicable is the malfeasance committed by our politicians

You're an absolute idiot if you think giving politicians more of your money is going to do a god damned thing besides making you poorer.

As you probably recall, I believe in smart and honest taxation. We do not have smart and honest taxation. What we have is one of the most corrupt taxation systems possible.

The playing field has been legislatively tilted in favor of special interests who are concentrating wealth unfairly and not by the sweat of their brow.

 

[Natural Citizen]

Good thread, g5000. It warms my heart to see people talking about Keynesianism.

It is the root cause of all that is bad in America.

 

[Skull Pilot]

Trump's $1.5 trillion debt bomb he called a "tax reform" was supposed to stimulate the economy. Remember how wages were going to explode?

It turns out all those corporations who received a big cash windfall from their tax cuts used that money to do stock buybacks instead of trickling it down to their workers.

Tax cut triggers $437 billion explosion of stock buybacks

Not only is that most ever, it nearly doubles the previous record of $242.1 billion, which was set during the first three months of the year.

.

Don't care about debt

All I care about is keeping as much of my own money as possible

Except it isn't your money. It is your descendants money. They are being saddled with the government debt you are running up.

I don't have any descendants.

I was smart and didn't have kids

And FYI I am not running up any debt.

 

[g5000]

The reason the Republican Party is getting more popular is because it’s the party of Donald Trump, which is the party of results and fulfilled promises

How's that "great health care at a tiny fraction of the cost" working for ya?

How's that swampy drainy thing working for ya?

 

[Skull Pilot]

Trump's $1.5 trillion debt bomb he called a "tax reform" was supposed to stimulate the economy. Remember how wages were going to explode?

It turns out all those corporations who received a big cash windfall from their tax cuts used that money to do stock buybacks instead of trickling it down to their workers.

Tax cut triggers $437 billion explosion of stock buybacks

Not only is that most ever, it nearly doubles the previous record of $242.1 billion, which was set during the first three months of the year.

.

Don't care about debt

All I care about is keeping as much of my own money as possible

That's honest, and despicable.

No what's despicable is the malfeasance committed by our politicians

You're an absolute idiot if you think giving politicians more of your money is going to do a god damned thing besides making you poorer.

As you probably recall, I believe in smart and honest taxation. We do not have smart and honest taxation. What we have is one of the most corrupt taxation systems possible.

The playing field has been legislatively tilted in favor of special interests who are concentrating wealth unfairly and not by the sweat of their brow.

We should have a flat tax as that is the only smart honest and fair taxation

 

[otto105]

When did Trump make you a pussy and how many threads you going to start?


.

Another grab'em by the pussy trump apologist blathering on...

You want pussy check into any kavanaugh thread.