Republican Tax Cuts For The Rich And The Debt Crisis

Dollar for dollar, exactly where does the the 'wealthy' fall on the amount paid spectrum?
Dollar for dollar, where does the lower 50% fall on the amount paid spectrum?

I happen to be in that lower 50%. I still don't think that taxing the 'wealthy' more is going to solve any problems, since the government has a spending issue, a waste issue, and too many people believe throwing money at our country's problems are actually going to do anything.

Money is not the issue, therefore it is not the solution. Think outside of the propaganda, and you may find that PEOPLE are the problem, AND the solution.

 

You mean the bottom 50% of US who receive 10.2% of ALL US income from the pie, a drop from the 18%+ in 1980?

THE PROBLEM IS THE GOPGUTS REVENUES AS THEY BLOW UP SPENDING (RONNIE, DUBYA, DIAPER DONNIE). Pretty simple really

Dollar amount? lol

 

Who receives the majority of benefits from tax revenues received?

You seem to think party affiliation is a driving factor. Why? Your selection of 'who did what', however you believe it may pertain, is selective.

The debt 'crisis' is a government spending problem, not a revenue problem.

 

the real gut buster is that the motivation for demanding more taxes on the rich is not an economics motivation but an envy based desire

 

LMAOROG

Something weird happened. When Ronald Reagan became president. He rode to office on complaints of an “out-of-control debt” that was as big as “a stack of $1000 bills 67 miles high.” And in eight years in office he added another 125 miles to that stack!

As the graph shows, the national debt was actually at its lowest point in 50 years compared to the US economy, but Reagan grew the debt much faster than he grew the economy. That’s why the graph shoots up when he takes office. No one had done that since Word War II, and Reagan had promised to balance the budget. That’s weird.

 

Had a Dem congress and gave a lot away to accomplish his goal to but the military and win the Cold War.

Got anything but same ol' LW propaganda?

 

Yell and scream all you want about my response, but this isn’t a democrat/republican issue.

This is a politician issue. Both sides are watching out for each other and neither give a a s••t about the taxpaying citizens of our country.

They aren’t even trying to hide it anymore, it’s so obvious.

My opinion: when the taxpaying citizens finally figure this out, it’s definitely going to be to late.

To me it’s going to be hilarious when the taxpayers of this country finally figure it out; “why didn’t we get it sooner? These corrupt politicians give themselves paychecks for life, the best healthcare and armed security for life provided by taxpayers money, all while using technology to easily divide these same taxpayers.

 

Republicans are using the debt problem they created in order to cut popular domestic spending programs.

 

Republican politicians get away with their stands on economic issues because most Southern whites and working class whites do not trust them on the issues of crime, race, and immigration. Before 1965 they were ardent Democrats. The black ghetto riots and more enduring increases in black social pathology changed that.

 

Weird, thought it the failure of communism? It was simply Ronnie? lol

 

Yes, "both sides" *shaking head*

 

Trump 'I Love the Poorly Educated'

 

And once again, you aren't answering the question.

 

People who honestly believe that money solves all problems, are usually involved in those problems. Very inclusive of politicians.

I've never understood people who think that what someone else has is a reason for concern. It's pure envy or jealousy.

 

many envious lefties I meet, assume they are "smarter" "better educated" or usually "more worthy" than someone who makes more and then resents "less educated" or "less worthy" people doing better than they do.

 

Probably not the only misconception you suffer from.

 

The bureaucracy is fighting back by exposing his malfeasance and incompetence.

 

You appear pretty determined to ignore @Collateral Damage's point about envy not being behind why "lefties" want to raise taxes on wealthy people. I taught with liberal school teachers for many years and I can't even recall any of them being envious of people with more money, from other professionals to wealthy capitalists.

In my district, the union wanted to know of the teachers who supported the union, what was it that made them say they support the union. They made it absolutely clear they supported the union because it defended them and their colleagues against possible unfair treatment by management. Money was secondary.

School management is too often treacherous, petty political, frequently nepotist, and outright incompetent. Not always by any means, but too often.

Teachers told the union they wanted protection, period. We negotiated a contract that protected them with a professional clause that gave them exclusive say on how the curriculum is delivered--the "how" of teaching, not the "learning objective."

These people don't suffer from money envy. The good ones will leave if abused and undefended.

 

This is what I said:

"I'm a monetarist and my concern is with good, old fashioned waste. Inflation has been under control for three decades--well, until covid. We've still had plenty of waste, so I'm not as concerned with inflation as with the nature and amount of the spending.

The spending is driving inflation now because too much money is chasing too few goods, so Biden should do something. We can take demand out of the system by tightening credit, cutting spending or raising taxes.

I think we should include a surtax on high incomes who made out well in the stock market (people like me). What we're doing now is putting reducing aggregate demand on the backs of folks who need to borrow money. We flooded the system with money, so let's be sensible about ending the growing impoverishment of lower- and middle-income wage earning types. The run-up in home prices had made mortgage payments/rent more than people can afford.

We have a huge homeless problem and all of the people on the street aren't drugged out criminals. I've been up and down the West Coast which seems to have the worst of it. Cities like Seattle, Portland, San Francisco, LA--this can't go on much longer without someone doing something."​

So what did you say?

"Guess you're in the 30% of Americans think that the country is going in the right direction while 70% do not."​

Do I stand behind my comments? Yes.

Do I sound happy?

Really?

 

Just because it never happened to you does not mean it does happen. It is all from those evaluation reports.

 

Banks who are actually lending the money. It is called the money multiplier, the fractional banking, etc. In other words, it is M2.

 

Most of that is due to inflation, which is giving a boost to revenue. Once inflation falls, so will revenue because of those tax cuts.

 

the group with the least amount of HS graduates percentage wise supports the dems. In every presidential election that these figures have been kept, the democrats have dominated the HS dropout cohort in terms of support

 

I don't think that really rebuts my point.