How about let's not give anyone a tax cut? Let's start running this country like adults.
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If by that you mean: Run the federal budget as though it's a household/business budget, then - no
. Households don't issue our national currency out of thin air to fund private sector net savings. https://alittleecon.wordpress.com/the-basics-of-modern-monetary-theory/ …pic.twitter.com/cnBWOtN7pv
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There is such a thing as inflation. If the government creates too much money the value of everybody's money goes down, which affects the poor disproportionately.
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That's what taxes are for: To remove excess money from circulation.pic.twitter.com/XjibbFFeVm
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Actually, taxes are older than money. Before there was money people used grains and other valuable commodities and tithes were taken.
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Now, governments impose a tax liability in order to create mass unemployment relative to needing to get your hands on the government's unit of account. Thus, you will work for dollars (even if u accept some BitCoins). This is one reason Kelton & others ...
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... support a
#JobGuarantee
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SIMPLE CONCEPT - give tax cuts 2 the 99% - they use $ 2 buy cars/refrig/DW/W&D/clothes etc - need 2 make more goods 2 buy - creates jobs - more ppl w/$ & incomes buy more goods - this moves the economy
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Well hell, that makes WAY too much sense!
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There is no justification for increasing deficit. There is no justification for huge slash in corporate rate - it is cut too deeply. There is no justification for taking away my insurance. There is no justification for all the self/enrichment add ons. It’s a bad bill.
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And what was obamas justification for adding 9 trillion plus to it?
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Hey dumbass. Obama's programs only added $2T to the debt. The other $7T came from Bush Jr's programs still running on the government credit card.
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450b of that came from tax cuts.. so really 1.5t added in years. If the gop would have cut their spending it be less
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If 450b was from bush tax cuts and we went from 10trillion to 19trillion in 8yrs under obama who was responsible of not him
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Part of the stimulus package was tax cuts to the tune of 450b. Which of course failed to create a job. Most pf the debt is from failed tax cuts, and over spending on the dod. From 2011 till obama left office.. the gop refused to fix their mistakes
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Wrong! Obamas budgets added deficits every year he was in office to the tune of almost 7trillion. The other 1.6 trillion was due to tax cuts under bush. Read up on the facts.
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Every year Medicare part C passed by "W" still runs unfunded. Every year Medicare part D passed by "W" runs unfunded. Every year the big Pharma giveaway passed by "W" runs unfunded. The interest on the debt is unfunded every year. That's nearly 400B all by itself.
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TRICKLE DOWN - give tax cuts 2 the 1%/Corps - they use $ 2 invest Wall St/buy businesses 2 add 2 portfolios (merges costs jobs lost) give dividends & bonuses/buy high end goods - none of these substantially create jobs- none of this moves the economy just the opposite slows down
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Are Dems not able to do anything at all about this huge rush to vote? Even if GOP members have the finest intentions (hint: they don't), mistakes are made when rushing.
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Back during Trumpcare 3.whatever, I asked if we could sue for legislative malpractice over the way it was passed and was told no. I imagine lawsuits could be brought over specific aspects of the bill, if passed...
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Thank you!
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