- Nov 28, 2011
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Where in the world does cultural degradation come into play ??? I ask because culture and standards are the very foundations to any society. Once that goes to hell, then the system's put in place slowly start to rot or decay with them. That's what we have been experiencing, and that's why the system's are being attempted to be artificially held up by overtaking forces who have to do this, because most citizen's won't willingly go along with the bullcrap, much less be forced to invest in it.So take it from the worker, and give it to the poor via the government as the broker eh ?? Otherwise instead of it coming to we the people in the form of tax cuts, and this from the over bloated, wasteful government that enriches complete politicial idiot's with no apologies to the American workers once the crap hits the fan. Yeah that's what we need to keep doing, so we can enrich the likes of what we see representing this company these days. What a disgrace it all is, and look at the damage it's all caused. Ignoring the truth is a mental condition ya know, so get help.I know that’s the Republican dogma but it’s just not true. The idea that tax cuts “pay for themselves” as your suggesting is a myth. It has not ever worked out that way.Ditto with tax cuts. There’s no difference in cutting taxes and “free money”. Short term stimulus and long term deficits. Long term GDP growth at 2.4% is better than projected in 2019.Economic forecasts were downgraded on the prospect of Trump not getting a stimulus passed.The 4-year economic orecasts I have seen are terrible if Biden gets his stimulus and tax increases.
Moody's cuts US GDP outlook as stimulus uncertainty threatens consumption
Moody's lowered its 2021 economic growth forecast to 4.2% from 4.5% and said it expects the U.S. to reach its pre-pandemic level of aggregate activity in the second half of 2021.www.spglobal.com
Your argument is a counter factual one. It’s simply a weak argument because it’s completely unverifiable. Merely opinion, which to be honest isn’t exactly an unbiased one.
Yeah, "free" money provides a short-term boost to the economy. Everyone knows that. "free" isn't sustainable. Once the "free" stops, the economy crashes. Not sure what you don't understand about that. GDP forecasts in 2024 are as low as 2.3%. Maybe the Democrats can continue giving out "free" stuff to artificially boost the economy. Who knows.
There is a HUGE difference in "free" money vs tax cuts. One allows you to keep more of the money you earn while the other has no obligations attached, including work. And no, tax cuts don't necessarily mean long-term deficits. Tax cuts encourage work. "Free" encourages no work. The more people not working the higher the taxes must go to pay for the "free" stuff. You start chipping away at the people that work because it becomes less and less attractive as taxes go up. Long term, tax revenue decreases in this scenario. Lowering taxes with little "free" stuff does quite the opposite. Tax revenue increases over time because more people are working and contributing to the government coffers. In either scenario, government spending must be curtailed, but one method is clearly more advantages in the long term than the other. If you don't understand this distinction, it is no wonder you are a Democrat.
“Free money” is just as stimulating as tax cuts since the stimulating effect is that the money saved goes back into the economy through spending. There’s not much difference economically. If anything, giving money to poorer people is more stimulating since there the people who spend it. I got a big tax cut a few years ago and it had little effect on my spending. I mostly just put it in stocks. You may have an emotional reaction to one vs the other but it’s pretty much the same on the paper.
Democrats are trying to get corporations and the wealthy, to pay higher wages and benefits, but Republicans keep refusing to raise the minimum wage, and they continue to allow employers to pay wages well below the national poverty rate. They want universal health care and quality education for all.
Republicans have been defunding public education since Reagan declared ketchup a "vegetable" for school lunch programs.
So until wages and benefits for the 40% of working Americans currently dependent on government benefits to provide even a subsistence level of existence for themselves and their families, is enough to sustain workers without income supplements, these people are going to need assistance.
When Reagan was elected, American workers owned 50% of the nation's wealth. Now, they're dependent on government assistance to feed and house their families. Republicans continue to cut taxes to the wealthy, leading to economic collapse, which further impoverishes the workers and enriches the wealthy.
Republican economic crashes have become features of the US economy. It wasn't leftist policies that impoverished South America. It was the International Monetary Fund and World Bank insisting on Milton Friedman's monetary policies: private ownership of everything, no wage or price controls, and no social safety net, which destroyed South America economically.
The same thing is happening in the USA under Republicans. They're trying to turn the USA into Brazil.