Trump Wants No Tax For Americans Making Less Than $150,000 A Year

[AntonToo]

This worked in the 80's with Reagan's approach to economics. Industrial manufacturing swelled during his years due to similar policies.

I suggest you stop posting bullshit and actually listen to Reagan's view of tarrifs:




"over the long run such trade barriers hurt every American worker and consumer" - Reagan.

 

[JohnDB]

I suggest you stop posting bullshit and actually listen to Reagan's view of tarrifs:




"over the long run such trade barriers hurt every American worker and consumer" - Reagan.

Maybe what he said but not what he did or accomplished. Clinton got the economy that Reagan built.

 

[SweetTea]

(Assuming by modest amounts) - it will contract the economy and reduce deficits, because secondary contraction effects on revenues are fractional to first order revenue increases.

This is what sane understanding of economic effects sounds like.

The Laffer Curve is a real thing. Obviously we disagree on the shape of the curve. I don’t believe federal tax rates can be zero, though much of them could be collected via VAT, but I also believe they are more than high enough. Cutting spending and waste could nullify any fractional losses that we may incur from a tax cut. Cut enough spending and it would be a net gain. In short, contracting the economy by taking more money away from those that earn and to give to woefully inefficient and even corrupt federal government makes little sense. If the government was efficient and ethical, I wouldn’t be as opposed, but I live in reality, not a theoretical world full of balloons and lollipops. Unfortunately, this is the space many of our “expert” economists reside.

 

[SweetTea]

Sad argument , you're saying trump can't deal with adversity. Look at how well Biden dealt with the post-COVID crisis. We fared best of all the nations of the world due to his quick handling of the crisis.

The US recovered despite Biden, not because of him. The world’s most influential consumers were ready to spend. Biden spent a bunch of money, driving inflation through the roof and increasing our debt. Had Trump been re-elected, our economy would have absolutely knocked it out of the park and would be in far better shape than it is in now.

 

[AntonToo]

The Laffer Curve is a real thing.

It is a real thing at higher rates according to just about all economists. We have long been on the left side of it.

 

[AntonToo]

Cutting spending and waste could nullify any fractional losses that we may incur from a tax cut. Cut enough spending and it would be a net gain.

Sure sure.

NOW LETS SEE YOU ACTUALLY DO THAT, actually get to something resembling a blanced budget for a year or two, then talk about tax cutting.

 

[SweetTea]

In other words it was all bullshit.

No, it is how people speak when they wish to emphasize the importance of something.

When my daughter was 6 years old, I said to her “I have told you a million times to clean up this room”. Her response was, you haven’t told me a million times. I had to explain to her that I meant that I have told her far too many times, but not literally a million. Obviously, you and other Democrats have the minds of an average 6 year old. This has been obvious for a couple of decades now

 

[initforme]

It's time to raise wages for most workers. And no that would not lead to inflation

 

[SweetTea]

ACTAULLY DO THAT, actually get to something resembling a blanced budget, then talk about tax cutting.

Let’s not talk about increasing taxes either until that point. Currently, they are focused on making TCJA permanent, not deeper cuts. Allowing TCJA to expire is a tax increase.

 

[AntonToo]

Let’s not talk about increasing taxes either until that point.

Why the **** would we not discuss ways to REDUCE DEFICITS if we are trying to get to a balanced budget?

Thats like me saying we should never discuss cutting any spending.

You are making exactly zero sense.

 

[SweetTea]

Why the **** would we not discuss ways to REDUCE DEFICITS if we are trying to get to a balanced budget?

Thats like me saying we should never discuss cutting any spending.

You are making exactly zero sense.

Because contracting the economy is not the answer.

 

[AntonToo]

Because contracting the economy is not the answer.

Oh, but contracting economy by cutting spending is?

Deficit reduction is CONTRACTIONARY. Learn that.

 

[JohnDB]

 

[SweetTea]

Oh, but contracting economy by cutting spending is?

Deficit reduction is CONTRACTIONARY. Learn that.

Thus why we need tax cuts vs tax hikes to offset the contraction. The bottom line is that I prefer market appropriations to government appropriations. Should government spending be matched dollar for dollar by tax revenue?

 

[SweetTea]

The real question is how many understand that it is Democratic policies from their home states that is the impetus for their escape? Will they change the way they vote or simply change their destination state to purple or blue and then look to move again to another red state once those policies take hold. Locusts come to mind.

 

[AntonToo]

Thus why we need tax cuts vs tax hikes to offset the contraction.

Nonsense. You don't need to offset deficit reduction with deficit increases, we need JUST deficit reduction before we crash.

Reducing deficits is fundamentaly contractionary, just as expanding deficits is fundamentally expansionary.

Your thought pattern seems to be that we can have all the upsides of differed fiscal responsibility without having any downsides of fixing it.

That is a form of magical thinking that is bordering on mass delusion in this country and exactly why I reject any fiscally irresponsbile tax-cuts untill we get to at least within a ball park of responsible, sustanable budgeting.

 

[hadit]

Trump says a lot of things.

And the haters REALLY can't stand that he goes ahead and gets a lot of it done.

 

[AntonToo]

Horseshit. NC and AZ are not Red States, just as PA and WI are not Blue States.

People move for many reasons but primarily to cheaper, less densely populated areas, especially retirees- as they should.

 

[M14 Shooter]

The real question is how many understand that it is Democratic policies from their home states that is the impetus for their escape? Will they change the way they vote or simply change their destination state to purple or blue...

Who is most likely to leave a blue - especially a deep blue - state because of Democrat policies - Democrats or Republicans?

 

[sartre play]

The Laffer Curve is a real thing. Obviously we disagree on the shape of the curve. I don’t believe federal tax rates can be zero, though much of them could be collected via VAT, but I also believe they are more than high enough. Cutting spending and waste could nullify any fractional losses that we may incur from a tax cut. Cut enough spending and it would be a net gain. In short, contracting the economy by taking more money away from those that earn and to give to woefully inefficient and even corrupt federal government makes little sense. If the government was efficient and ethical, I wouldn’t be as opposed, but I live in reality, not a theoretical world full of balloons and lollipops. Unfortunately, this is the space many of our “expert” economists reside.

The Laffer curve is a real laugh.