Tax a billionaire 15 percent and he has to get by on 850 million. How could he possibly manage that?
Biden's Tax the Rich Scheme
- Thread starter Libhater
- Start date
Tax a billionaire 15 percent and he has to get by on 850 million. How could he possibly manage that?
Yakuda
Verified User
And you repeat it over and over debt is debt. Yes they do so there must be a commensurate reduction in spending dipshit. You idiots think spending is fixed. It's not.
To prove what?
That the deficit spending by Trump was in response to the Wuhan Designer Virus®?
That's easy.
https://www.usaspending.gov/disaster/covid-19?publicLaw=all
That's a link to the federal government, sparky.
Great, start with Bezos, Cook, Gates, and Soros.
Oh, but that's not what you want - you want to rob companies.
Yakuda
Verified User
Why should they pay more than anyone else?
floridafan
Verified User
So why did trump reduced taxes without a reduction in spending. Your own words show your idiocy.
floridafan
Verified User
That sure doesn't account for an $8 trillion deficit, or the fact that everything would have been much milder if trump hadn't lied about the dangers of this pandemic from day1, all the while knowing just how deadly it could be.
I don't think you know what the term "deficit" means.
It does NOT mean "debt."
The federal deficit in 2019 was $984 billion
The federal deficit in 2022 by contrast was $ 1.38 trillion
Which of course leaves the two years of Covid expenditures:
$3.1 trillion in 2020
$2.8 trillion for the fiscal year 2021
https://fiscaldata.treasury.gov/americas-finance-guide/national-deficit/
We spent $5.4 trillion on Covid relief directly.
floridafan
Verified User
Yakuda
Verified User
For the same reason democrats never reduce spending. I've said it enough fucking times that the federal govt does much more than it has constitutional authority to do and all that shit costs us money. Its fucking waste but with money comes power and influence
floridafan
Verified User
Trumps deficit represented 25% of all our deficits throught history!
Yakuda
Verified User
And debt is debt created by spending more than you have. That is NEVER a good long term economic plan. When you want to talk about spending cuts let me know.
floridafan
Verified User
No, debt is created not only by spending more than you have, but also by tax cuts which reduce revenue. There was absolutely no justification for tax cuts. It was George Bush and trickle down economics revisited, and we all know how that disaster turned out.
Yakuda
Verified User
No it's created by spending at the same levels after the tax cuts as before. There is ALWAYS a justification for tax cuts! Once again spending more than you have.
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Libhater
Verified User
I see you avoided responding to the link and the graph included within that shows exactly why tax cuts are not only justified, but
shows how worker earnings drastically rose under Trump's tax cutting and regulation cutting policies. Then, check out to see how
that graph of Trump's success compares with that graph's dismal view of biden's start in office where the line begins to go downward.
So, here it is again for you to take a closer looksee into the facts that blow your narrative out of the water.
https://www.heritage.org/taxes/comm...s-now-will-kneecap-economic-recovery-covid-19
As expected, you don't know what "deficit" means.
Extreme ignorance, coupled with an utter lack of integrity combine to make the modern democrat.
Yakuda
Verified User
That one actually thinks tax cuts cause deficits.
floridafan
Verified User
What was Trumps justification for tax cuts?
floridafan
Verified User
Sorry, $8 trillion in deficits is not success, particularly after promising to balance the budget.
Yakuda
Verified User
The same as every other tax cut, the money earned by American citizens is better used by them than the govt.