Musk "If we don't fix the deficit, America goes bankrupt. It's that simple."

[Admiral Rockwell Tory]

Irrelevant. You’re not smart enough to understand the issue.

This from the primary dispenser of economic idiocy.

 

[Marener]

Another gem of stupidity from you! Increase taxes and see what happens.

Many years ago, I lived in Rhode Island. The major industry is small shipyards that built luxury yachts. The Democrats slapped a luxury tax on the sale of boats, increasing the initial cost of the boats. Guess what happened? People just stopped buying boats, shipyards closed, laid off their workers and went belly up. The local economy just shriveled up and died. The tax raised exactly zero dollars in revenue because boats were no longer sold in the US. People just went to foreign sources for their boats. You can learn like the people of Rhode Island did.

Raising taxes on income doesn’t lead to people quitting their jobs. People need jobs to, you know, survive. People don’t need boats.

Your analogy is not very useful.

 

[Admiral Rockwell Tory]

Oh my. Did you actually get done typing this and think to yourself “that sounds intelligent”?

Can't recognize a simple fact? You are simply dumber than dirt.

If my new car cost me $27,000 before taxes and financing and you increase the cost to $30,000 to cover the corporate taxes, who paid the taxes? I did! The car company acts as a conduit for those taxes to the federal government.

I really should be charging for these lessons, but based on your previous knowledge, you probably don't have the financial knowledge to make enough money to pay for anything.

 

[Marener]

Can't recognize a simple fact? You are simply dumber than dirt.

If my new car cost me $27,000 before taxes and financing and you increase the cost to $30,000 to cover the corporate taxes, who paid the taxes? I did! The car company acts as a conduit for those taxes to the federal government.

I really should be charging for these lessons, but based on your previous knowledge, you probably don't have the financial knowledge to make enough money to pay for anything.

Your rant has nothing to do with the topic.

 

[Admiral Rockwell Tory]

Raising taxes on income doesn’t lead to people quitting their jobs. People need jobs to, you know, survive. People don’t need boats.

Your analogy is not very useful.

Ok, bonehead! Where did I say anything about income taxes or quitting their jobs? You made such a leap you need to try out for the Olympics in the long jump.

I guess not being able to read is the source of your ignorance.

 

[Admiral Rockwell Tory]

Your rant has nothing to do with the topic.

It shows I paid Toyota's corporate taxes when I bout my Camry. I swear I am beginning to think you failed that GED test.

 

[Marener]

Ok, bonehead! Where did I say anything about income taxes or quitting their jobs? You made such a leap you need to try out for the Olympics in the long jump.

I guess not being able to read is the source of your ignorance.

It’s the correlation to your analogy. You gave a story about raising taxes on boats and the people stopped buying boats. That’s not what happens when you raise taxes on income. People don’t stop working. So when you raise income taxes, revenues go up.

Now I’m explaining your own analogies to you.

 

[Marener]

It shows I paid Toyota's corporate taxes when I bout my Camry. I swear I am beginning to think you failed that GED test.

Good for you. Still has nothing to do with the topic.

 

[DonGlock26]

Cool restore the tax rates on the wealthy we had in 1994.

Why?

 

[Admiral Rockwell Tory]

It’s the correlation to your analogy. You gave a story about raising taxes on boats and the people stopped buying boats. That’s not what happens when you raise taxes on income. People don’t stop working. So when you raise income taxes, revenues go up.

Now I’m explaining your own analogies to you.

I was discussing corporate taxes you moron. You were the one that jumped to income taxes.

 

[Admiral Rockwell Tory]

Good for you. Still has nothing to do with the topic.

Let's face it. You are so stupid that you probably have your cell phone play a loop of "breathe in, breathe out" into your earbuds to keep you alive. You are incapable of reading a simple sentence written at third grade level.

 

[Marener]

I was discussing corporate taxes you moron. You were the one that jumped to income taxes.

Funny thing about corporations. They also like to make money. That doesn’t change because their profits are taxed.

 

[task0778]

Cool restore the tax rates on the wealthy we had in 1994.

Good idea, right after the federal gov't restores spending back to what it was in 1994. Back then the deficit was only slightly over $200 billion.

 

[initforme]

It's the fault of workers that they provide a workforce for employers. Denynthem a wotkforce.

 

[Crepitus]

What if, the Democrats want America to go bankrupt? That would be their opportunity to
"fundamentally change" America.

Dude, then why are we about to give Elmo another $2 billion?

 

[DonGlock26]

Dude, then why are we about to give Elmo another $2 billion?

Can you explain that in English.

 

[Crepitus]

Can you explain that in English.

That is English, kid.

Maybe you failed your ESL class, Comrade?

 

[candycorn]

Do NOT let the Leftists spin you, either they are dumb, lying, or GASLIGHTING as usual! (Isn't that correct FLOOZY!)

QUESTION FOR ANYONE WHO WENT TO HIGHSCHOOL---------->what is more, 20% of 100, or 12% of 300? (All the LEFTISTS including the charming, delightful, and supposed financial planner.....MACAFLOOZY.....furiously are using their calculators on their phones to acquire the answer!)

Point is------->if you GROW the economy, the tax base rises. It is a mathematical fact! At some point, you can cut taxes and get more money! If taxing was the way to grow the economy, then why not tax at 100%? (of course, the same could be said of taxing at 0%. By studies, the sweet spot is in between 15 and 25% Lower, you lose money, higher, the base shrinks) Understand------->these standards are not for the poor, or middle class, they are for EVERYONE. It is human behavior, plain and simple.

Listen to how DUMB the LEFT actually is------------->they want to convince YOU, that a person making 25,000 dollars, should NOt only NOT pay 1 dollar in taxes, but you should allow the government to give some of your tax dollars to them!

And you who make 50,000 to 100,000 and slightly higher, why by goodness, YOU are the largest percentage of the population.......therefore, you get hosed because of the amount of people in this part of the population, they have to hose you. YOU PAY THE FREIGHT!

Now lets talk about wealthy people, and I mean, the people the Left want you to hate------->

1. I think they are mostly arrogant a**holes, so lets get that out of the way, and they are NOT our friends for the most part.

2. If you are NOT employed by the government, and you do NOT work for yourself, who do you work for.........and I do not mean your boss, I mean the owner(s) of the company.

3. If you had a business, and you were worth (liquid assets) 4 million dollars, and you were confident that by investing 3 million of that cash, after inflation, you would get your money back in 5 years, and after that reap 700,000 dollars a year, (adjusted for inflation) going forward, would YOU do it? (if you said no, you are as dumb as a box of rocks, but I digress) Of course, you would have to hire MORE people, maybe 20, but their salary is already figured in.

4. And from the above example, what do we have? We have a new business giving a return on money you had laying around. YOU after you recoup your initial investment, are making an extra 700,000 dollars per year, that the government taxes. You have hired 20 employees for whatever you pay them, and they are paying Federal Tax, State Tax, Medicare Tax, and Social Security tax. You are buying more equipment to do it, regardless of if it is a forklift, or computers, which makes MORE profits for another company.

5. AND, you are selling your expanded product base to other companies. Why? Because they are confident also, so they too are expanding!

CONCLUSION----------->This is exactly how America was built, and grew because of it. When the settlers landed here, how many jobs do you think there were, lol. So then, ask yourself------>how did they get from that number, to the number we have now!

BY EXPANSION!

LISTEN-------->You have the most oil of ANY country in the world. You have the most coal, of any country in the world. You have the most prime farmland, of any country in the world. You have the most natural gas of any country on this planet. So why have we been so screwed when the WHOLE WORLD NEEDS THIS STUFF? Imagine another country looking here, and wondering WTF are we doing! We have EVERYTHING, except we had Leftists running it, and now we rectified it.............thank goodness!

ASK Joe Biden and the Leftists who ran the government for him, and they want to GASLIGHT you into continuing laying prone for other countries to run over you, so they can have their LEFTIST ways invoked! If any other country had what we had, they would be making TRILLIONS! And now you know why you are always told you are EVIL Americans. Because if you do not lay down, most of the world has no chance, and the Leftists of the world, just can NOT have that!

wrong.

 

[sealybobo]

He's entirely right. It was $19T in 2015 or so , now its $36T. This is a bloody disaster.

As of March 31, 2024, Canada's federal debt was $1,236.2 billion.

As of March 31, 2014, Canada's federal debt was $611.9 billion

 

[shockedcanadian]

As of March 31, 2024, Canada's federal debt was $1,236.2 billion.

As of March 31, 2014, Canada's federal debt was $611.9 billion

I've said it often, Ontario is going to be bankrupt first.