I've been in the financial industry for over 20 years,
...and you are still a dumbass.
Increased taxes and more welfare doesn't make an economy more prosperous. Left Economics always fail. Go look it up. I shit you not.
Maybe you should remind him about the trillions Barry had printed to prop up his shitty economy. He thinks I'm lying or I'm ignorant. LOL
His shitty economy.
Another example of my point, thanks.
You are confused Moon Bat.
That dumbass Muslim Negro Obama spent trillions and went in debt trillions and increased poverty, decreased family income, destroyed health care, weakened the military, let millions of filthy Illegals flood in, increased taxes and had dismal economic growth.
The only people that did well under him were the Illegals, welfare queens, abortion clinics, Iranian Mullahs and the Obamaphone Lady.
It was a disaster when that Democrat Congress was elected in 2006. Bush had a good economy for six years until those Democrat buttpirates took over and fucked everything up when the CRA chcickens came home to roost and it wasn't until Trump was elected that we had a real recovery.
If you really knew anything about Finance you would know that.
Finance, seriously. You cannot possibly make an argument supporting Trump through "finance". If you were looking at things strictly from a financial aspect, Bill Clinton would be THE MAN. Obama, not so good. His concessions to Republicans weakened his economic stimulus efforts, he should have told them to pound sand. But Trump has been a virtual disaster, in every aspect. The corporate tax cut was beyond stupid, it has stifled economic investment and vastly exacerbated rent seeking, which I am quite sure you have no concept of what that is let alone how it alone has crippled income growth and destroyed the expansion of the frontier curve. Oh, sorry, another concept you probably don't understand.
We got one way out of this debt problem, GROWTH. And that growth is going to be continue to be lackluster at best under the current tax system. Until we get back to something more progressive, like the tax system we had in the 1950's and 1960's, where we were experiencing double digit economic growth, we are destined to an eventual default on government debt, or a monetizing of it, that will all but destroy the American middle class.
Back when we had high top end tax rates there were many more deductions and very few people paid anything under those rates.
Also, more important, at that time of great economic growth the total (Fed, State and Local) burden on the economy was less than 20% whereas it is pushing 40% nowadays. Everybody paid less taxes. That meant they spent more money in the productive economy and that is why we had really good growth.
Taxes never produces prosperity. Taxes are always a burden on the economy. Sometimes that burden is necessary like for defense, courts, police etc. It is unnecessary to have a filthy welfare state where money is taken from those that earn it and given to those that didn't earn it. We should have no welfare, grants, entitlements, bailouts or subsidies.
As far as progressive taxation. That is immoral and nothing more than government sponsored thievery. We should never have a voting demographic that get to elect government officials that steal money on their behalf.
We need to have the lower wage earners pay more of the relative tax burden so that they have an incentive to vote for legislators that keep taxes lower.
