Politics and Inflation

[Donald H]

And because of this they should pay even more than they already do, right? The top 10% pay 70% of income taxes as of now. That does not include property tax or state income tax.

Some of the wealthiest Americans shouldn't be permitted to pay zero tax.

Honest positions from both sides of the debate can further the debate. Your 'part lies' are no better than my 'part lies'.

I'm assuming you understand that you are lying?

You were at least smart enough to understand that spending brings inflation! Unfortunately you couldn't continue the argument and deal with the facts.

 

[Slade3200]

And because of this they should pay even more than they already do, right? The top 10% pay 70% of income taxes as of now. That does not include property tax or state income tax.

I think the rate is pretty fair for the 400K+... The majority of raises should come from the 1M+ Those are the ones that most significantly horde the wealth... It needs to redistribute and recirculate or they end up owning everything and we end up in corporate socialism. You don't want that do you?

With this special situation where Trillions were injected into the economy then yes that should come from the top where the stimulus ultimately ends up. Look how much money the top earns made off the pandemic. It is staggering. We have a trickle up economic system where the top earns accumulate more wealth than they spend. How would you propose the situation be handled?

 

[Donald H]

Did he really? Are tariffs a conservative thing? Is massive spending a conservative thing? Is huge debt a conservative thing? I think not to all 3.



I mean he had a part to play and he has done it to perfection. The duopoly has been working to divide us since 1992 when Ross Perot scared the shit out of them. From that point on everything they do has been about dividing the populous to entrench their power and make sure we "hate the other side" so much we would never think to not vote for our side, no matter how much they suck because the other side is just pure evil.

Like him or hate him, nobody has ever divided the country the way Trump has.

kyzr thinks conservatives fear the Laffer curve and supplyside economics!

Isn't that enough to write him off as a poser pretending to understand this debate?

 

[kyzr]

You're not in tune with the political right's support of supplyside economics and that's because you have misstated what the Laffer curve is supposed to mean. Wrong!
Conservatives support the principle of the Laffer curve because it advocates tax decreases bring in more government revenue. Fear the Laffer curve??
You're over your head in the conversation if that's what you believe!

We might be talking past each other. Here is a summary:
1. The Laffer Curve exists, it is conservative economic dogma, and it is totally WRONG
2. The Laffer Curve is a GOP rationale' to cut taxes, nothing more, it always just creates more DEBT
3. You aren't very good at stating/summarizing disputed facts.
4. As a real conservative I support a Balanced Budget, not the Laffer Curve.

 

[kyzr]

kyzr thinks conservatives fear the Laffer curve and supplyside economics!
Isn't that enough to write him off as a poser pretending to understand this debate?

Liar.

 

[kyzr]

remember the trump in a diaper balloon. LOL

There is a big difference between leftists, activists, and students protesting Trump (who cares?), and governments formally holding a US president in contempt (a big f'king deal!).

 

[bendog]

1. Not really true by any actual measure. What was the Trump GDP average during his first 3 years?
2, He was getting there
3. This is just stupid, Trump did not develop anything.
4. Not really, very few jobs "returned" to the US.
5. What percent of his did he keep?

yes, but kyzr is taking the thread OT by revisioning Trump.

The issue as set up by DBA - without any objective authority - was all "democratic" aid was inflationary because it ... encouraged people to not work? I dunno. His thesis is imo conflicted. I think we all could agree that if a person chose not to work before, they'd not go to work. LOL His analysis of how EITC and child tax credits work was .... not totally accurate. And honestly, it seems to me that the best one can say about the dems' bill (that builds on the last one) is that a working family may find it can get by with only one working parent. So perhaps the whole thread is a steaming pile of Trump shit.

But The gop complains that the dems bill would make it economically better for two people raising children to not marry .... if they chose to raise a family together. It's almost always better for a male to avoid being part of a nest on financial issues. LOL So why should we care. Jim and Jill (or Jack) can get churched and have kids, if they want, and file separately. WTF should we care?

But maybe the question is really whether Build America Back Better is inflationary? if all we have are temporary supply chain issues ... then no, it can't be very inflationary because more goods will be produced to fill demand until producers can't sell new production for the cost of the new production.

But IF Build Back America Better CAUSES wages to increase ... then maybe it is. But didn't Trump want wages to rise too?

I tried unsuccessfully to get kyzr to comment on whether Build America Back Better wasn't really what the dems did before Reagan and his tax cuts that resulted in income inequality.

 

[wamose]

I'm all for welfare reforms that incentivize working and production. Teach them to fish. No issues with that. But all I hear from the right is bitching about wasting money and calling poor people moochers. Sure some do mooch and take advantage of the system. The system should be made better to avoid that as much as possible. But there are sooo many more that it helps. So lets hear ideas on how to make it better and help more people in better ways. Not the peanut gallery that only has endless complaints about wasting money.

Lets say we got rid of the thirty thousand illegal aliens. At the same time we should cut welfare to a level that is lower than minimum wage. In fact, the highest paid welfare recipient should be making at least 10% less than the lowest paid worker. The labor shortage caused by the deportation of illegal aliens will cause wages to rise and the welfare disincentive will cause those people to look seriously at employment.

 

[kyzr]

1. Not really true by any actual measure. What was the Trump GDP average during his first 3 years?
2, He was getting there
3. This is just stupid, Trump did not develop anything.
4. Not really, very few jobs "returned" to the US.
5. What percent of his did he keep?

1. Trump's GDP was 2%, not bad, but the unemployment rate and participation rate, and income gap were better than average.

2. The southern border was solved if Xiden would have finished the wall and let the CBP do their jobs, but no, stupid Joe created an open border. Stupid coxucker.


3. Trump created operation Warp Speed that developed, manufactured, and got jabs in record time, you're welcome.

4. It does take time to get companies to build factories in the US instead of overseas. Xiden failed, GM is building in Mexico, how stupid are unions for voting for Xiden?

GM Invests More Than $1 Billion In Ramos Arizpe Plant

The Mexican manufacturing complex will start building EVs in 2023.

gmauthority.com

5. Trump's promises kept list is an amazing list of accomplishments. He kept as many as Congress would approve. Xiden is a disaster.

 

[Slade3200]

Lets say we got rid of the thirty thousand illegal aliens. At the same time we should cut welfare to a level that is lower than minimum wage. In fact, the highest paid welfare recipient should be making at least 10% less than the lowest paid worker. The labor shortage caused by the deportation of illegal aliens will cause wages to rise and the welfare disincentive will cause those people to look seriously at employment.

Your plan would cause a humanitarian crisis, police state, surging crime wave and economic recession that would last for years. Do you really see it as a plan that would work out successfully or is it just idealistic thinking?

 

[wamose]

Your plan would cause a humanitarian crisis, police state, surging crime wave and economic recession that would last for years. Do you really see it as a plan that would work out successfully or is it just idealistic thinking?

I'd say the ramifications you have stated will come about quicker if we stay on the current Marxist express. I've believed in America first and protectionism long before Trump showed up.

 

[Harpy Eagle]

1. Trump's GDP was 2%, not bad, but the unemployment rate and participation rate, and income gap were better than average.

Obama was attacked by the right and Trump for his GDP growth not being above 3%, now 2% is "not bad"....does that goal post get heavy?

UE had been dropping for 5 years straight when Trump took over, all he did was continue the trend.

3. Trump created operation Warp Speed that developed, manufactured, and got jabs in record time, you're welcome.

Trump did not create WS, it was created by Congress when they passed the first COVID bill. Based on when Trump started talking about WS, he did not even know about it for 2 months. Also, the reason we got vaccine in record time is because of the decade long research into mRNA technology. All the money in the world could not have replaced that.

4. It does take time to get companies to build factories in the US instead of overseas. Xiden failed, GM is building in Mexico, how stupid are unions for voting for Xiden?

That plant has been there since 1981, and you want to blame Biden for it....**** dude I thought you were better than that.

 

[Slade3200]

I'd say the ramifications you have stated will come about quicker if we stay on the current Marxist express. I've believed in America first and protectionism long before Trump showed up.

You're plan would cause what I laid out almost immediately. The current state of affairs has been in place for decades and we've seen the areas that I laid out show steady improvement. You may want to rethink your thinking.

 

[bendog]

Your plan would cause a humanitarian crisis, police state, surging crime wave and economic recession that would last for years. Do you really see it as a plan that would work out successfully or is it just idealistic thinking?

All of these "objections' have nothing to do with the dem plan, and everything to do with making it even shittier to be poor in America.

I'd be all in with Manchin if we simply made it necessary for one parent in a household to get a paycheck for at least part of a year.

If the dems separately wanted to increase payments to disabled adults and children, I hope I'd be for that, but paying for it might be a good idea.

 

[Donald H]

We might be talking past each other. Here is a summary:

We're not talking past each other when you're willing to turn yourself inside out and become a liberal, just to evade the fact that you claimed that conservatives 'feared' supplyside economics.

Since when did 'real' conservatives like you start trying to run away from Reaganomics?

 

[bendog]

We might be talking past each other. Here is a summary:
1. The Laffer Curve exists, it is conservative economic dogma, and it is totally WRONG
2. The Laffer Curve is a GOP rationale' to cut taxes, nothing more, it always just creates more DEBT
3. You aren't very good at stating/summarizing disputed facts.
4. As a real conservative I support a Balanced Budget, not the Laffer Curve.

I think tax cuts can work out ok in a situation where A. more investment/spending would result in more production and/or more consumption B. without great inflation. We are not in that situation, and haven't been, for at least 20 years.

 

[kyzr]

Obama was attacked by the right and Trump for his GDP growth not being above 3%, now 2% is "not bad"....does that goal post get heavy?
UE had been dropping for 5 years straight when Trump took over, all he did was continue the trend.
Trump did not create WS, it was created by Congress when they passed the first COVID bill. Based on when Trump started talking about WS, he did not even know about it for 2 months. Also, the reason we got vaccine in record time is because of the decade long research into mRNA technology. All the money in the world could not have replaced that.
That plant has been there since 1981, and you want to blame Biden for it....**** dude I thought you were better than that.

1. Obama's recovery was the worst ever. Its not me saying that its an economic fact.
2. It was 50-years since UE was as low as Trump had it, 3.5% is "full employment", You're welcome.

AP FACT CHECK: Trump on unemployment for blacks, Latinos

WASHINGTON (AP) — A look at one of President Donald Trump's statements from his State of the Union address on Tuesday night and how it compares with the facts:

apnews.com

TRUMP: “African-American, Hispanic-American and Asian-American unemployment have all reached their lowest levels ever recorded.”

3. Who managed Warp Speed? Mike Pence, duh. Pence did a phenomenal job. Congress did NOT create Operation Warp speed, they approved generic funding of the CARES Act. Trump assembled Warp Speed.

Operation Warp Speed - Wikipedia

en.wikipedia.org

In May, new leadership was announced. Moncef Slaoui was named Operation Warp Speed's chief adviser. Slaoui is a vaccine researcher and, formerly, Chairman of Global Research and Development and Chairman of Global Vaccines at GlaxoSmithKline, where he led the development of five vaccines. General Gustave F. Perna, who served as commanding general of Army Materiel Command, was named Operation Warp Speed chief operating officer. Retired Lieutenant General Paul A. Ostrowski, who previously served as director of the Army Acquisition Corps, was the director of supply, production and distribution. Army Major General Christopher J. Sharpsten was the deputy director.

4. GM is spending $1b in Mexico to make the Volt, period. Way to go UAW voters! Enjoy Xiden's selling you out. Trump would have had that plant built in the US.

GM Invests More Than $1 Billion In Ramos Arizpe Plant

The Mexican manufacturing complex will start building EVs in 2023.

gmauthority.com

 

[kyzr]

We're not talking past each other when you're willing to turn yourself inside out and become a liberal, just to evade the fact that you claimed that conservatives 'feared' supply-side economics.
Since when did 'real' conservatives like you start trying to run away from Reaganomics?

I became a real conservative when the Debt spiraled out of control.
Reaganomics was fine until it wasn't.
Clinton's surplus was a good thing until it was killed by tax cuts.
Medicare will be bankrupt in 2026
SS will be insolvent in 2033
Tax cuts are a fiscal disaster.
The interest on the Debt is $400b now, almost as much as Defense, or Medicaid, and it will explode as interest rates rise. That's real money that is mandatory spending.
We need a "Grace Commission-2" ASAP.

 

[Harpy Eagle]

1. Obama's recovery was the worst ever. Its not me saying that its an economic fact.

Yep, Obama sucked ass, and Trump's numbers are only slightly better. So Obama is Ryan Leaf and Trump is Johnny Manziel...yeah the latter is better than the former but they both suck.

2. It was 50-years since UE was as low as Trump had it, 3.5% is "full employment", You're welcome.

yes, as I said it had been going down for 5 straight years, all Trump did was continue the trend.

4. GM is spending $1b in Mexico to make the Volt, period. Way to go UAW voters! Enjoy Xiden's selling you out. Trump would have had that plant built in the US.

Yes, a plant that was there the entire time Trump was POTUS but you do not ******* blame him...why is that? Trump did not have shit built in the US, not even his ******* ties.

 

[Harpy Eagle]

I became a real conservative when the Debt spiraled out of control.

How did the debt do under your god Trump?