Trump's speech to Congress

[Lisa558]

Incomes are primarily determined by genes, which are determined at conception.

After tax income has become increasingly unequal because of Republican tax cuts for the rich.


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Almost EVERYONE who paid taxes got a tax cut, not just the rich. And in fact, the moderate earners got more of a cut, proportionate to what they had been paying.

 

[Hector12]

Almost EVERYONE who paid taxes got a tax cut, not just the rich. And in fact, the moderate earners got more of a cut, proportionate to what they had been paying.

The rich got much more.

 

[Lisa558]

The rich got much more.

Because they PAY much more. Duh.

But in terms of percentages, moderate earners saved more.

 

[Lisa558]

Here, I will simplify it.

1) Rich person pays $40,000 in taxes, and gets a cut of 10%. He now pays $36,000.

2) Moderate person pays $8,000 in taxes and gets a cut of 20%. He now pays $6,400.

Rich person is still paying 6x as much.

 

[Hector12]

Because they PAY much more. Duh.

But in terms of percentages, moderate earners saved more.

They pay more because they get much more.

 

[Lisa558]

They pay more because they get much more.

In what way? They get more use of the roads? The fire department?

 

[Lisa558]

They pay more because they get much more.

Oh wait. You mean they get more money. Well again, duh. They EARN more money. And they pay the lion’s share of federal income taxes.

 

[Lisa558]

Hector12

I have different priorities rather than to be mad at rich people. I want the border closed to illegals, a crackdown on the antisemitic actions on campus, and an end to the wars that started under Biden’s watch.

So far, I like what I see.

 

[Hector12]

I have different priorities rather than to be mad at rich people. I want the border closed to illegals, a crackdown on the antisemitic actions on campus, and an end to the wars that started under Biden’s watch.

So far, I like what I see.

A lot of people don't.

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Fortune magazine, CEOs say they are losing faith in Trump: ‘I don’t trust that what’s said today will be true tomorrow’​

How quickly CEO optimism has turned. I’m just back from the Yale CEO Caucus in Washington, where 100 CEOs gathered with 60 big-city mayors, policymakers, and journalists like me to talk off the record about “navigating Trump 2.0.” Gone is the optimistic dream of economic growth spurred by Trump’s pro-business mindset around taxes and regulation. In its place is the grave uncertainty of not knowing what this administration will do next. As the host, Yale professor Jeffrey Sonnenfeld, noted afterward, the consensus was one of bewilderment, condemnation and a feeling that “Trump’s policies were bad for the U.S. economy.”

Though the attendees identified as 60% Republican to 40% Democrat, the mood was dour. In a flash poll at the summit, 80% of CEOs said they find themselves “apologizing to our international partners for Trump’s capriciousness.” Eighty-five percent oppose his approach to tariffs and think they’re backfiring. Almost all—92%—are now concerned about recession. Indeed, Goldman Sachs’ chief economist just downgraded the entire U.S. economy. Here’s what else leaders were talking about in D.C.:

Opportunity costs – America is in a sweet spot when it comes to the depth of our technology, research institutions and capital markets—not to mention our rule of law and ability to draw top talent. Everyone wanted to come here to do business with the most vigorous economy on earth. CEOs I spoke to worry that we’re getting distracted by paper enemies.

Talent challenges – To address a skills shortage, you invest in education. Instead, we’re cutting funding in the name of DOGE and allegations of antisemitism. CEOs now face having to try and create more jobs with fewer tools to train the people to fill them.

The consumer – U.S. consumers tend to be a remarkably productive, resilient and optimistic bunch. Their hunger to travel, buy homes, educate themselves and make merry has sustained 70% of the U.S. economy—and a lot of economies elsewhere, too. CEOs are watching this closely, but many I spoke to expressed a fear that anger, inflation, and uncertainty aren’t going to spur spending.

And, of course, there’s the challenge of rebuilding trust. One Fortune 500 CEO—who was headed off to a Business Roundtable meeting with Trump—told me he’s stopped making predictions entirely: “I don’t trust that what’s said today will be true tomorrow.”

This story was originally featured on Fortune.com

 

[Hector12]

Oh wait. You mean they get more money. Well again, duh. They EARN more money. And they pay the lion’s share of federal income taxes.

I already pointed out that the entire tax system is only moderately progressive. The national debt only became a problem when the Reagan administration began cutting taxes for the rich.

 

[toobfreak]

We lost barely in the popular vote. Since then, Trump has been declining in the polls.

You lost by MILLIONS. Nearly as many as Hillary won in 2016 when the Left claimed she was the real winner. And you got SLAMMED in the EC. And you lost ALL of the swing states. And all 50 states swung more conservative. You guys took a BATH. Since then, people have been jumping ship from the democrat party left and right.

And no, Trump is NOT declining in the polls; that is only a temporary, natural condition because right now, instituting the initial phases of Trump's economy are causing jitters in the stock market. Meanwhile, Trump enjoys like an 80% approval rating on his closing the border, deporting criminal illegals, and many other things.