JoeB131
Diamond Member
You can't have a massive decrease in spending, moron. Most of what we have slated isn't touchable.
But thanks for admitting that Biden's economic recovery has brought in more revenues.
Zone1 REPARATION NOW! The US Owes $350,000 To Every Black American
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You can't have a massive decrease in spending, moron. Most of what we have slated isn't touchable.
But thanks for admitting that Biden's economic recovery has brought in more revenues.
Toddsterpatriot
Diamond Member
So, when spending jumped 50% in 2020, that higher level is locked in forever?
Good to know.
But thanks for admitting that Biden's economic recovery has brought in more revenues.
With Trump's low tax rates. You're welcome.
JoeB131
Diamond Member
Works for me.
Trump's giveaways to the rich did nothing of the sort. GDP Growth never exceeded 3% on Trump's watch.
Toddsterpatriot
Diamond Member
Trump's giveaways to the rich did nothing of the sort.
Trump's tax cuts for everybody, except maybe rich blue staters didn't result in Biden's
tax receipts today? Why not? If the rates were too low, why didn't Biden hike them already?
Is it because he's senile?
JoeB131
Diamond Member
Supply side does not increase revenues.
Trump ran up 8 trillion in new debt before he wrecked the economy and required trillions more to pull us out of the ditch.
Toddsterpatriot
Diamond Member
Supply side does not increase revenues.
It depends.
Trump ran up 8 trillion in new debt
How much is Biden going to run up?
More than $2 trillion this year?
Why didn't he raise taxes already, tax hikes always work, right?
JoeB131
Diamond Member
Nope, it's never worked.
You mean, how much more debt because Trump wrecked the economy?
Mostly because Congress won't go along with it...
Toddsterpatriot
Diamond Member
Nope, it's never worked.
Works every time.
You mean, how much more debt because Trump wrecked the economy?
Biden has been in office for over 2.5 years. Is he more useless than Obama?
Mostly because Congress won't go along with it...
That's crazy! Why don't they go along with your "tax hikes work" theory?
JoeB131
Diamond Member
Nope, never worked. Minimal economic gains, massive increases in debt, and eventual recession.
Heck, Supply Siders don't even claim it's "good" for the economy anymore. They just say the rich "Deserve" to keep their money.
Toddsterpatriot
Diamond Member
Works every time.
Which is why Clinton, Obama and Biden haven't raised the top rate to 70%.
JoeB131
Diamond Member
Nope, never has.
Toddsterpatriot
Diamond Member
Why didn't Clinton raise rates back to 70%?
Or Obama? Or Biden? Didn't they know how
economics and government revenues work?
JoeB131
Diamond Member
Clinton and Obama did raise taxes. Thanks for asking.
Toddsterpatriot
Diamond Member
To 70%? Higher?
JoeB131
Diamond Member
Would be nice, but our politicians don't have the guts for that. That's what it should be, and we were fine when it was.
Toddsterpatriot
Diamond Member
They didn't even raise it to 50%. Not even 40%. Cowards.
You have to work for your wealth, it’s an individual thing, not a global race issue. You keep saying reparations isn’t just about slavery, why is slavery even a part of it? You were born during Jim Crow, your parents may have endured it, not you. Many people were and are discriminated against and hated for many reasons, you can’t expect payment for it. Women were denied equal rights. And NO, you can’t use alimony as your stupid reply, alimony isn’t paid by the government. Alimony is usually paid by a dead beat man who left his family after the wife gives up her career to care for him and his children.
But you didn’t help whites accumulate wealth.How many years have blacks been forced to pay so whites could accumulate wealth? Seems that these white extremists fail to recognize this part of American history.
Citygroup did a study focusing on U.S. GDP from 2000 until 2020.The study revealed huge losses in GDP due to continuing discrimination against blacks in business revenue, education, housing credit, and income.The study determined that since the year 2000, continuing discriminatory practices in four areas resulted in aloss of 16 trillion dollars in GDP.
“Closing the Black racial wage gap 20 years ago might have provided an additional $2.7 trillion in income available for consumption and investment.
Improving access to housing credit might have added an additional770,000 Black homeowners over the last 20 years, with combined sales andexpenditures adding another $218 billion to GDP over that time.
Facilitating increased access to higher education (college, graduate,and vocational schools) for Black students might have bolstered lifetimeincomes that in aggregate sums to $90 to $113 billion.
Providing fair and equitable lending to Black entrepreneurs might haveresulted in the creation of an additional $13 trillion in business revenue overthe last 20 years. This could have been used for investments in labor,technology, capital equipment, and structures and 6.1 million jobs might havebeen created per year.”
Closing the Racial Inequality Gaps
Our ambition in this report is for this analysis to bring sober perspective as well as hope to our readers as we collectively find substantive and sustainable opportunities to address the gaps we identify.icg.citi.com
MarathonMike
Diamond Member
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