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No, you made a comment that "taxes were higher at one point, and it didn't end America"..... So, if you're for soaking the wealthy, for the horrible crime of being successful, how much of their money should you be allowed to rob?
Yes, I did make that comment because it is true. It was not a commentary on the idea of higher taxes on the rich, it was a factual comment. Taxes on the rich were once far higher and it did not end America, in fact many would say it was on of our best stretches.
I want everyone to pay more taxes, you mean and the really really rich and the really really poor. Unlike you I am not good with freeloading and I think it is morally wrong to run deficits in a booming economy. Neither of the two major parties nor their voters favor spending cuts, thus we need to man up and start paying our way and quit leaving it for our kids and grandkids.
Why do you enjoy being a freeloader?
Oh, I am no "freeloader" there buddy....But, let's think about this....If you think for a minute of all the taxation in your life that you pay, I'd be surprised if you actually keep 50% of your money at the middle income levels....That's Fed, State, Local, Property, Sales, Gas, Licencing, and assorted fees....So, just how much more of my money do you want?
No, you made a comment that "taxes were higher at one point, and it didn't end America"..... So, if you're for soaking the wealthy, for the horrible crime of being successful, how much of their money should you be allowed to rob?
Yes, I did make that comment because it is true. It was not a commentary on the idea of higher taxes on the rich, it was a factual comment. Taxes on the rich were once far higher and it did not end America, in fact many would say it was on of our best stretches.
I want everyone to pay more taxes, you mean and the really really rich and the really really poor. Unlike you I am not good with freeloading and I think it is morally wrong to run deficits in a booming economy. Neither of the two major parties nor their voters favor spending cuts, thus we need to man up and start paying our way and quit leaving it for our kids and grandkids.
Why do you enjoy being a freeloader?
Yes, you are a freeloader because you are ok with deficit spending.
I do not want your money, I want our kids and grandkids to have theirs and for us to quit spending it.
We need to pay for what we spend, that is the bottom line...but sadly you are ok with fucking over the next generations.
Oh, I am no "freeloader" there buddy....But, let's think about this....If you think for a minute of all the taxation in your life that you pay, I'd be surprised if you actually keep 50% of your money at the middle income levels....That's Fed, State, Local, Property, Sales, Gas, Licencing, and assorted fees....So, just how much more of my money do you want?
Yes, you are a freeloader because you are ok with deficit spending.
I do not want your money, I want our kids and grandkids to have theirs and for us to quit spending it.
We need to pay for what we spend, that is the bottom line...
but sadly you are ok with fucking over the next generations.
But more and more economists look at those projections, and shrug
National Debt No Big Deal? More Economists Unconcerned With Trillion-Dollar Government Deficits
he Congressional Budget Office estimates that the federal budget deficit for fiscal year 2019, which ended September 30, was $984 billion. That is about 4.7 percent of the American gross domestic product, and fiscal year 2019 marks the fourth year in a row that the federal deficit increased as a percentage of GDP. Through 2029, if current spending trends continue, the CBO projects that the total national debt will reach $29.3 trillion, or 95 percent of GDP.
That sounds scary to a lot of laypeople. But more and more economists look at those projections, and shrug.
High national debt levels have long been thought to cause interest rates to rise. Investors are supposed to demand higher returns for taking on additional risk, and national debt levels that are too high could stifle growth or trigger inflation. Yet, investors have remained eager to lend to the United States, without seeming to care how much it borrows. It’s been a safe bet. So far, we do not seem to be close to the “too high” threshold.
One thing that is clear: the modern national debt does not function just like a household debt, which is how it was sold as a campaign issue by the deficit hawks who pretended to care about deficit spending before Trump was elected. More national debt is not “bad” under any and all conditions, and less is not “good” under any and all conditions. It really depends on what you’re doing with the money. Try as I might to make it happen though, I don’t think “it’s more complicated than that” will ever really catch on as a successful campaign rally chant.
so what would you cut?
But more and more economists look at those projections, and shrug
As long as you can parrot it, then it doesn't matter. Just ask the people of GREECE.....
BY “Americans” what they mean is dirt poor refugees and illegal aliens combined with guilt ridden liberalsWASHINGTON/NEW YORK (Reuters) - The idea of imposing a wealth tax on the richest Americans has elicited sharply divergent views across a spectrum of politicians, with President Donald Trump branding it socialist and progressive Democratic presidential contenders Senators Elizabeth Warren and Bernie Sanders prominently endorsing it.
snip
Among the 4,441 respondents to the poll, 64% strongly or somewhat agreed that “the very rich should contribute an extra share of their total wealth each year to support public programs” - the essence of a wealth tax. Results were similar across gender, race and household income. While support among Democrats was stronger, at 77%, a majority of Republicans, 53%, also agreed with the idea.
Majority of Americans favor wealth tax on very rich: Reuters/Ipsos poll
If this is true, then the experiment called the United States of America as we know it is done....
BY “Americans” what they mean is dirt poor refugees and illegal aliens combined with guilt ridden liberalsWASHINGTON/NEW YORK (Reuters) - The idea of imposing a wealth tax on the richest Americans has elicited sharply divergent views across a spectrum of politicians, with President Donald Trump branding it socialist and progressive Democratic presidential contenders Senators Elizabeth Warren and Bernie Sanders prominently endorsing it.
snip
Among the 4,441 respondents to the poll, 64% strongly or somewhat agreed that “the very rich should contribute an extra share of their total wealth each year to support public programs” - the essence of a wealth tax. Results were similar across gender, race and household income. While support among Democrats was stronger, at 77%, a majority of Republicans, 53%, also agreed with the idea.
Majority of Americans favor wealth tax on very rich: Reuters/Ipsos poll
If this is true, then the experiment called the United States of America as we know it is done....
Their economy was struggling for a LONG time. There is no comparing their economic situations with ours
National Debt No Big Deal? More Economists Unconcerned With Trillion-Dollar Government Deficits
he Congressional Budget Office estimates that the federal budget deficit for fiscal year 2019, which ended September 30, was $984 billion. That is about 4.7 percent of the American gross domestic product, and fiscal year 2019 marks the fourth year in a row that the federal deficit increased as a percentage of GDP. Through 2029, if current spending trends continue, the CBO projects that the total national debt will reach $29.3 trillion, or 95 percent of GDP.
That sounds scary to a lot of laypeople. But more and more economists look at those projections, and shrug.
High national debt levels have long been thought to cause interest rates to rise. Investors are supposed to demand higher returns for taking on additional risk, and national debt levels that are too high could stifle growth or trigger inflation. Yet, investors have remained eager to lend to the United States, without seeming to care how much it borrows. It’s been a safe bet. So far, we do not seem to be close to the “too high” threshold.
One thing that is clear: the modern national debt does not function just like a household debt, which is how it was sold as a campaign issue by the deficit hawks who pretended to care about deficit spending before Trump was elected. More national debt is not “bad” under any and all conditions, and less is not “good” under any and all conditions. It really depends on what you’re doing with the money. Try as I might to make it happen though, I don’t think “it’s more complicated than that” will ever really catch on as a successful campaign rally chant.
I’ve said this a thousand times before...those here whom love to pretend to care about the debt and deficit spending refuse to wrap their heads around the fact that this nation has obviously reached the point where it will always carry a debt-load relative to GDP.
Trust me when I tell you...none of the self proclaimed fiscally responsible here can tell you how their quality of lives are impacted by debt and spending nor can they tell you how their children and grandchildren will be affected by it....All they know is they are supposed to be outraged by it if the Orange Man is writing the checks...that’s all.
Ain’t that right Golfing Gator ?
Their economy was struggling for a LONG time. There is no comparing their economic situations with ours
Um, yes there is....
In the mid 1990s, we had the situation totally under control, with under 6 tril in debt and a budget surplus. We are now 23 tril in debt and climbing, and idiots of both parties don't care, don't complain, and don't notice. Many of the post 1998 "Republicans" are "Karl Rove voters," and those have IQs in the single digits. As long as preacher says so, so do they....
The ratios of debt to GDP, the percentage of those on the dole.... we are getting closer and closer to where Greece was when they went under.
It is absolutely ridiculous to claim the debt and deficit don't matter. What it shows is either absolute idiocy or total disregard for country USA...
