Would you support increasing taxes to pay down the national debt?

[distraff]

The retirement of the boomers almost completely unfunded because of a combination of lack of willingness of the boomers to put their own money aside for the end years and a decimation of corporate retirement accounts in both scale and risk to the senior. Much of this money is in the stock market now, which is a rough equivalent to putting it on the roulette wheel in Vegas. Special mention of having a very crap very expensive healthcare system and a propensity to completely waste often over $100,000 per on useless sometime suffering prolonging end of life care.

Are you predicting an economic collapse when boomers start pulling their money out of the stock market?

 

[Hawkeye10]

Are you predicting an economic collapse when boomers start pulling their money out of the stock market?

I am predicting that a lot of what little money boomers think that they have in their retirement accounts they will never collect, because the markets and in fact the entire global economy are dead men walking......this system is hurling towards certain doom, both the economy and the political structure...which is going to be hard to recover from because the entire class of elites have long behaved and performed so abominably.

 

[Media_Truth]

100% true. Notice how you can't even begin to point to which aspect of my statement is false?

Sorry but nobody is that stupid. Bush executed the worst presidential pass-on since the Great Depression - high unemployment, a housing/banking crisis, a bankrupt US auto industry, CEO corruption gone amuck, a severely depressed stock market, 2 wars, etc, etc. Your blinders don't fit.

 

[Conservative]

https://www.americanactionforum.org/research/infrastructure-spending-trends/

Sent from my phone. Instaurare omnia in Christo.

This is 2019 not 2016, Obama was President in 2016

 

[Conservative]

Reversing the tax cuts could reduce the debt while punishing the people who caused the Bush crash creating much of it, and walked away.

Sure it would and reward the bureaucrats who created the 21 trillion dollar debt and help create that liberal utopia of govt. dependence and govt. control over the GDP

 

[Conservative]

Yeah, instead let's look at the the first 9 months (three quarters) of 2018. The first two months of 2019 may be up by $5 billion a month -- but 2018 dropped by over $40 billion a month. It still is far in the red.

So continue to blame corporate tax revenue for the deficit while ignoring the benefits coming from those corporations. You ever going to respond to the state and local tax revenue increases thus the need for less of that social engineering you want?

 

[Conservative]

Sorry but nobody is that stupid. Bush executed the worst presidential pass-on since the Great Depression - high unemployment, a housing/banking crisis, a bankrupt US auto industry, CEO corruption gone amuck, a severely depressed stock market, 2 wars, etc, etc. Your blinders don't fit.

Truly amazing how the Democratic controlled Congress that refused to pass the Bush 2009 budget allowed that to happen, is that incompetence on their part or understanding that people like you would blame Bush if they did nothing? Seems they wanted the WH more than they wanted benefits for the American people. I really suggest you find out what Congress actually does?

 

[MTAtech]

So continue to blame corporate tax revenue for the deficit while ignoring the benefits coming from those corporations. You ever going to respond to the state and local tax revenue increases thus the need for less of that social engineering you want?

It’s been demonstrated repeatedly that the benefits advertised to pass the tax cuts never materialized. End of story.

 

[jonny5]

Simple question. Everyone loves to complain about the national debt, but who here would actually support a tax increase to pay it off?

Sure, so long as its the bottom 50% that get the increase. Theyre the ones not paying enough and getting most of the return. Time for them to pay for their social spending.

 

[Conservative]

It’s been demonstrated repeatedly that the benefits advertised to pass the tax cuts never materialized. End of story.

Only to blind leftwing radicals who will never accept less money going to the federal govt. Interesting how people having more spendable income, record revenues for the states, record dividends from S&P companies don't seem to resonate with radicals like you who always look at Federal revenue and never state and local revenue. The death of liberalism..........End of belief in liberal social spending by the federal govt. being the answer to all social problems

 

[MTAtech]

Only to blind leftwing radicals who will never accept less money going to the federal govt. Interesting how people having more spendable income, record revenues for the states, record dividends from S&P companies don't seem to resonate with radicals like you who always look at Federal revenue and never state and local revenue. The death of liberalism..........End of belief in liberal social spending by the federal govt. being the answer to all social problems

None of that has anything to do with what we were discussing. You asserted in post 181 that I was "ignoring the benefits coming from those corporations" due to the tax-cuts. I said in response, "It’s been demonstrated repeatedly that the benefits advertised to pass the tax cuts never materialized." To expand, the proponents of the tax-cuts assured use that giving corporations tax-cuts would result in huge investment and wage increases and more jobs. The evidence undeniably concludes that Tax cut triggers $437 billion explosion of stock buybacks. Since 40% of corporations are owned by foreigners, it means 40% of the tax-cut goes to those outside the country.

Since half of equities are owned by the top 1% (and half of that by the top 0.1%) the people with "more spendable income" are the wealthy not the average American. But we know that you really don't care about the average American, based upon your numerous posts. You care about the wellbeing of the rich folks and argue continuously as if you were paid to do it.

 

[Conservative]

None of that has anything to do with what we were discussing. You asserted in post 181 that I was "ignoring the benefits coming from those corporations" due to the tax-cuts. I said in response, "It’s been demonstrated repeatedly that the benefits advertised to pass the tax cuts never materialized." To expand, the proponents of the tax-cuts assured use that giving corporations tax-cuts would result in huge investment and wage increases and more jobs. The evidence undeniably concludes that Tax cut triggers $437 billion explosion of stock buybacks. Since 40% of corporations are owned by foreigners, it means 40% of the tax-cut goes to those outside the country.

Since half of equities are owned by the top 1% (and half of that by the top 0.1%) the people with "more spendable income" are the wealthy not the average American. But we know that you really don't care about the average American, based upon your numerous posts. You care about the wellbeing of the rich folks and argue continuously as if you were paid to do it.

You seem to believe that a stock buyback doesn't benefit the state and the local communities but obviously you have no understanding of how our economy or businesses work.

The results speak for themselves, over 2 trillion dollars in the last two years have been added to GDP and 1.2 trillion of that was in 2018 2.9 Million jobs were created in 2018, record state and local tax revenue, record charitable contributions, and record high dividends paid to shareholders so it looks to me like the results are there, results that you want ignore

Sent from my SAMSUNG-SM-G930A using Tapatalk

 

[MTAtech]

You seem to believe that a stock buyback doesn't benefit the state and the local communities but obviously you have no understanding of how our economy or businesses work.

The results speak for themselves, over 2 trillion dollars in the last two years have been added to GDP and 1.2 trillion of that was in 2018 2.9 Million jobs were created in 2018, record state and local tax revenue, record charitable contributions, and record high dividends paid to shareholders so it looks to me like the results are there, results that you want ignore

So, according to you, the tax cuts that went into effect in 2018 are responsible for GDP rising in 2017. Really?

Moreover, GDP generally rises except during recessions. Pointing to tax cuts as the cause of the rising GDP is bad history as well as bad economics, especially when there are numerous periods of high GDP growth after tax increases.

 

[MrWonka]

Sorry but nobody is that stupid. Bush executed the worst presidential pass-on since the Great Depression - high unemployment, a housing/banking crisis, a bankrupt US auto industry, CEO corruption gone amuck, a severely depressed stock market, 2 wars, etc, etc. Your blinders don't fit.

Ummm...wut? Do you even read the posts you're responding to? You just agreed with everything I said in the previous post after previously saying it wasn't true. Please try and follow along. Are you agreeing that Bush left Obama a huge mess or are you denying it?

 

[ludin]

Sorry but nobody is that stupid. Bush executed the worst presidential pass-on since the Great Depression - high unemployment, a housing/banking crisis, a bankrupt US auto industry, CEO corruption gone amuck, a severely depressed stock market, 2 wars, etc, etc. Your blinders don't fit.

wow a long list of stuff that is 100% wrong.

No he didn't there have been at least 8 or so documented "great recessions"
for unemployment there are several factors that go into that. not all of which are the presidents fault
nor does he have control over. so we can mark that off your list.
All of which bush attempted to stop multiple times but was denied by the likes of Chris dodd and Barney Frank.
along with the rest of the dem's still butt hurt that al gore lost the election.

Bush had nothing to do with the Auto industry and their failed neogiation skills with the union.
the president has nothing to do with signing or making those agreements. so you are yet again wrong.

again the Enron, Adelphia, Worldnet, and Arthur anderson nothing to do with the president.
what happened with them had been going on well before bush even took office. so again you are wrong.

Umm the stock market was depressed for multiple reasons but between 2004-2007 was pretty successful.
your right your blinders don't fit against reality.

 

[Conservative]

So, according to you, the tax cuts that went into effect in 2018 are responsible for GDP rising in 2017. Really?

Moreover, GDP generally rises except during recessions. Pointing to tax cuts as the cause of the rising GDP is bad history as well as bad economics, especially when there are numerous periods of high GDP growth after tax increases.

Looks like reading comprehension is a problem for you as well, 2 trillion dollars is the GDP growth for the two years, 1.2 trillion is in 2018 AFTER the tax cuts. Guess some people are so married to an ideology and belief in rhetoric that actual results don't matter.

Yes, during a recession govt. spending will increase GDP, too bad it didn't happen much during Obama and almost all of the GDP growth in 2018 was due to consumer activity NOT govt. spending. Some people have to be willing to accept the possibility that they are wrong, you have yet to accept that reality

 

[MTAtech]

Looks like reading comprehension is a problem for you as well, 2 trillion dollars is the GDP growth for the two years, 1.2 trillion is in 2018 AFTER the tax cuts. Guess some people are so married to an ideology and belief in rhetoric that actual results don't matter.

Yes, during a recession govt. spending will increase GDP, too bad it didn't happen much during Obama and almost all of the GDP growth in 2018 was due to consumer activity NOT govt. spending. Some people have to be willing to accept the possibility that they are wrong, you have yet to accept that reality

You are projecting. It is YOU that has reading comprehension issues. As you said, "GDP growth... [was] 1.2 trillion is in 2018 AFTER the tax cuts," but 2017 was +$1.4 trillion without the tax-cuts. Clearly, crediting the tax-cuts for the growth was just what I said earlier, bad history as well as bad economics.

 

[Media_Truth]

Truly amazing how the Democratic controlled Congress that refused to pass the Bush 2009 budget allowed that to happen, is that incompetence on their part or understanding that people like you would blame Bush if they did nothing? Seems they wanted the WH more than they wanted benefits for the American people. I really suggest you find out what Congress actually does?

:lamo:lamo:lamo Republodi**s had control of all 3 legislative branches for 2 years, and they did nothing!!!

 

[Media_Truth]

You are projecting. It is YOU that has reading comprehension issues. As you said, "GDP growth... [was] 1.2 trillion is in 2018 AFTER the tax cuts," but 2017 was +$1.4 trillion without the tax-cuts. Clearly, crediting the tax-cuts for the growth was just what I said earlier, bad history as well as bad economics.

He's not worth arguing with... He ignores facts, and does nothing but resort to deflection and irrelevance.

 

[phattonez]

This is 2019 not 2016, Obama was President in 2016

Lol okay.

Sent from my phone. Instaurare omnia in Christo.

 

[Conservative]

You are projecting. It is YOU that has reading comprehension issues. As you said, "GDP growth... [was] 1.2 trillion is in 2018 AFTER the tax cuts," but 2017 was +$1.4 trillion without the tax-cuts. Clearly, crediting the tax-cuts for the growth was just what I said earlier, bad history as well as bad economics.

Wrong, 2016 GDP inherited was 18.9 trillion, 2017 it was 19.6 trillion and the end of 2018 will be 22.0 trillion, get some help with your math

 

[Conservative]

:lamo:lamo:lamo Republodi**s had control of all 3 legislative branches for 2 years, and they did nothing!!!

How would you know, you spent way too much time projecting and ignoring the data generated. Some people probably not you are way too stupid to do research and take the easy way out buying what they are told. GDP growth, Job creation, state and local tax revenue, charitable contributions and historically low U-6 along with benefits generated by employees of those evil corporations tell a different story but hate has blinded people to reality

 

[Conservative]

Lol okay.

Sent from my phone. Instaurare omnia in Christo.

You posted an article about infrastructure what was dated 2016 and that is the point

 

[Conservative]

He's not worth arguing with... He ignores facts, and does nothing but resort to deflection and irrelevance.

It does appear that you don't know what a fact is nor MTA, some people are incapable of admitting being wrong and posting official data in context

 

[Conservative]

I am focused on corporate tax revenue because we are discussing the impacts of corporate tax cuts.

You can keep circling around all you want, but the undeniable fact is that the corporate tax cuts reduced corporate tax revenue, as was predicted by virtually everyone.

You must be so proud as your state continues to show what high taxes, high cost of living, low quality of life generates

https://www.foxnews.com/opinion/joh...-the-bay-bad-laws-cause-citys-homeless-crisis