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Thread: What is the best use of tax subsidies?

  1. #21
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    Re: What is the best use of tax subsidies?

    Quote Originally Posted by justabubba View Post
    assuming the 18 and over population comprises 76% of the population gives us 250 million persons, each month receiving $1000 from the federal government. $250 billion monthly. $3 Trillion annually
    the thread question was "What is the best use of tax subsidies?"
    my answer is 'whatever best serves the public's interest'
    does giving away a quarter Tillion dollars monthly achieve that public interest?
    it will certainly stimulate the economy. but what will it also do to our nation's deficit balance. the USA and its dollar is the world's present safe haven for financial investments. that is what allows us to print each $100 dollar bill for only pennies, and spend the $99 and change to accomplish our federal government's purposes. are we willing to relinquish that spectactularly beneficial cash cow?
    if wang's plan is to work, it must generate near sufficient tax revenue to offset its massive expense - otherwise another currency might displace our own as the world's destination to park assets. then our dollar would float against that preferred currency, probably depriving us of the di minimis cost to print new dollars
    let's face facts. the yang proposal is a transfer of wealth from those with means to those without because those with means (and no unique tax breaks) will pay for the largesse received by those who pay no federal taxes

    in my never humble opinion, there is a better way. this Nobel laureate suggested a common sense proposal for a reverse income tax over half a century ago:
    It’s also dangling pogy bait in front of the noses of those who wait around for free money.
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    Re: What is the best use of tax subsidies?

    Quote Originally Posted by chuckiechan View Post
    Itís also dangling pogy bait in front of the noses of those who wait around for free money.
    yea, surprised more low income voters are not loudly embracing this massive giveaway proposal targeted to them
    we are negotiating about dividing a pizza and in the meantime israel is eating it
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    Re: What is the best use of tax subsidies?

    Quote Originally Posted by chuckiechan View Post
    Eliminate them and lower the cost of living for tax payers.
    LOL

    Renewable energy subsidies in the United States is around $10 billion per year.

    That is a whopping $28 per taxpayer. Per year.

    Good to see you have a firm perspective on the costs of various government programs....
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    Re: What is the best use of tax subsidies?

    Quote Originally Posted by Visbek View Post
    LOL

    Renewable energy subsidies in the United States is around $10 billion per year.

    That is a whopping $28 per taxpayer. Per year.

    Good to see you have a firm perspective on the costs of various government programs....
    $28 can buy you 3 large pizzas, a good dinner for 3 nights. Now why should I sacrifice that for some silly green tech thats inferior to the current tech we have right now?

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    Re: What is the best use of tax subsidies?

    Quote Originally Posted by PoS View Post
    $28 can buy you 3 large pizzas, a good dinner for 3 nights. Now why should I sacrifice that for some silly green tech thats inferior to the current tech we have right now?
    So you don't die from lung cancer? Or similar environmental infuenced disease
    Ignorance is Bliss, You seem very happy today

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    Re: What is the best use of tax subsidies?

    Quote Originally Posted by Lord Tammerlain View Post
    So you don't die from lung cancer? Or similar environmental infuenced disease
    CO2 causes lung cancer now? Can you show a link that proves it?

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    Re: What is the best use of tax subsidies?

    Quote Originally Posted by Lord Tammerlain View Post
    So you don't die from lung cancer? Or similar environmental infuenced disease
    You said green tech, which includes pollution reduction. Coal plants emit a lot of particulate matter which is bad for lungs. Wind power does not
    Ignorance is Bliss, You seem very happy today

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    Re: What is the best use of tax subsidies?

    Quote Originally Posted by chuckiechan View Post
    As long as people stick to buying domestic liquor and drugs.
    I could live with that.
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    Re: What is the best use of tax subsidies?

    Quote Originally Posted by ttwtt78640 View Post
    Hmm... why limit that "free" Yang money given to each consumer (age 18 to 64) to only $1K/month? Folks could use more than a $12K/year "allowance" - let's go for $3K/month ($36K/year). Yang's basic idea is to empower the individual and folks making $12K/year are not exactly empowered.
    If you are making twenty eight thousand a year, a thousand dollars a month is a windfall that the average joe would dearly welcome. Anyway it's not empowering one person, it's about allowing the vast majority of america to maybe be able to breathe a little easier not having to worry to death about bills. Maybe even be able to take a little vacation? Americans maybe even being able to bring jobs back to america, become the manufacturing power we once were. It's about empowering the economy as a whole for everyone's benefit even corporate america.
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    Re: What is the best use of tax subsidies?

    Quote Originally Posted by bongsaway View Post
    If you are making twenty eight thousand a year, a thousand dollars a month is a windfall that the average joe would dearly welcome. Anyway it's not empowering one person, it's about allowing the vast majority of america to maybe be able to breathe a little easier not having to worry to death about bills. Maybe even be able to take a little vacation? Americans maybe even being able to bring jobs back to america, become the manufacturing power we once were. It's about empowering the economy as a whole for everyone's benefit even corporate america.
    Will they actually see the money, or it just a shell game? Taking the money form one pocket, and placing in the other.
    Remember the government has no money that does not come from taxpayers.

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