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ray b
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JUL 13, 03:25 PM
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and free money
but mostly the tax cut
why try to blame joe for the rumps tax cut effects ?
will the Gop dogma demand more tax cuts to produce more INFLATION
WHY DO SIMPLE IDEAS LOOK TO HARD TO DO
want to STOP inflation PUT THE 1 % tax rates BACK where it was AND then DOUBLE IT ------------------
Question wonder and be wierd
are you kind?
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82-T/A [At Work]
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JUL 13, 03:43 PM
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| quote | Originally posted by ray b:
and free money
but mostly the tax cut
why try to blame joe for the rumps tax cut effects ?
will the Gop dogma demand more tax cuts to produce more INFLATION
WHY DO SIMPLE IDEAS LOOK TO HARD TO DO
want to STOP inflation PUT THE 1 % tax rates BACK where it was AND then DOUBLE IT
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The Trump tax cut led to RECORD tax revenue, because companies were paying less, they were able to hire MORE people, with higher wages, which led to higher income tax.
Personal income tax went down in every category, except those making generally over ~$350k a year or more.
it also eliminated the SALT deduction, which meant that Republican states no longer had to pay for the tax deductions of upper-middle class Democrats in Democrat states.
Love ya man, but what you just said here is basically totally out there, and a complete fabrication. Wherever you got that from, the sailing board, whatever... it's totally incorrect.
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ray b
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JUL 13, 04:33 PM
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more money= more inflation as prices rise
tax cuts both for corprats and the 1% are the direct cause of inflation
retax the 1% at double the old rate
and the corps at the old rates
and lets see if the inflation gets better or worse
other wise next time the Gop gets back in power they will repeat the cuts as it is their dogma
as they never test to see just blindly believe their dogmas
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82-T/A [At Work]
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JUL 13, 04:52 PM
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| quote | Originally posted by ray b:
more money= more inflation as prices rise
tax cuts both for corprats and the 1% are the direct cause of inflation
retax the 1% at double the old rate
and the corps at the old rates
and lets see if the inflation gets better or worse
other wise next time the Gop gets back in power they will repeat the cuts as it is their dogma
as they never test to see just blindly believe their dogmas |
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That's not true either.
At the time Trump's plan was implemented, the current tax rate was ~37%. it was set to expire and go to 39% (based on a prior tax cut). Trump's plan kept it at 37% if I remember correctly, and also doubled the standard deduction for middle-class families. So the individual tax rate for the 1% remained unchanged.
The reason why we have inflation is because we printed a **** -ton of money, and have been since Bush's second term in office... which we can almost literally blame the Democrats for since they were huge proponents of modern monetary theory. Now we know it doesn't work.
All the liberals who said that printing money was no problem and that we could just print more to pay for more, we now know they were wrong.
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olejoedad
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JUL 13, 06:43 PM
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| quote | Originally posted by ray b:
and free money
but mostly the tax cut
why try to blame joe for the rumps tax cut effects ?
will the Gop dogma demand more tax cuts to produce more INFLATION
WHY DO SIMPLE IDEAS LOOK TO HARD TO DO
want to STOP inflation PUT THE 1 % tax rates BACK where it was AND then DOUBLE IT
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| quote | Originally posted by rayb:
tax cuts both for corprats and the 1% are the direct cause of inflation
retax the 1% at double the old rate
and the corps at the old rates
and lets see if the inflation gets better or worse
other wise next time the Gop gets back in power they will repeat the cuts as it is their dogma
as they never test to see just blindly believe their dogmas
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I am sorry, but the two posts I quoted from you are the biggest pile of hogwash and malarkey that I have ever seen posted on this, or maybe any Forum.
Believe me, I've seen a lot of crap posted here, but these two posts set a new standard.
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ray b
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JUL 13, 07:39 PM
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| quote | Originally posted by olejoedad:
I am sorry, but the two posts I quoted from you are the biggest pile of hogwash and malarkey that I have ever seen posted on this, or maybe any Forum.
Believe me, I've seen a lot of crap posted here, but these two posts set a new standard.
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numbers facts data like this bit
The richest Americans get a $33,000 tax break under the GOP tax law. The poorest get $40.
from wash post
otherwise you got nothing but rump washing of your sparyed godlet
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ray b
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JUL 13, 07:41 PM
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| quote | Originally posted by olejoedad:
I am sorry, but the two posts I quoted from you are the biggest pile of hogwash and malarkey that I have ever seen posted on this, or maybe any Forum.
Believe me, I've seen a lot of crap posted here, but these two posts set a new standard.
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numbers facts data like this bit
The richest Americans get a $33,000 tax break under the GOP tax law. The poorest get $40.
let it be they got nothing anyway BUT BS
from wash post
otherwise you got nothing but rump washing of your sparyed godlet
how do you think the tax cuts effect inflation or do you never think at all
just hope and prey the god of guns will something ?[This message has been edited by ray b (edited 07-13-2022).]
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olejoedad
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JUL 13, 07:45 PM
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randye
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JUL 13, 08:15 PM
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| quote | Originally posted by 82-T/A [At Work]:
The reason why we have inflation is because we printed a **** -ton of money, and have been since Bush's second term in office... which we can almost literally blame the Democrats for since they were huge proponents of modern monetary theory. Now we know it doesn't work.
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BINGO!
Since the 1920's whenever the Left isn't touting all out Marxism they have been absolutely wedded to the Socialist economic theories of John Maynard Keynes, ("Keynesian economics").
Keynes' entire economic philosophy was based on the idea that economic power and control should be vested in the government and not the free market, consequently every time the Left in America gets control of the reins of our economy they drive it straight into the Keynesian ditch.
Milton Friedman and other monetarists have argued that Keynesian economics can result in stagflation, the combination of low growth and high inflation.
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Sound familiar right now?
Jimmy Carter, Biden and "rayb" stand as proof positive that the Left simply does not understand economics.
As I've said before; trusting Leftists with the national economy is like handing over your cash, credit cards and your car keys to a bunch of drunk teenage girls at the shopping mall.
The outcome is totally predictable.[This message has been edited by randye (edited 07-13-2022).]
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Wichita
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JUL 13, 11:27 PM
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 [This message has been edited by Wichita (edited 07-13-2022).]
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