d2jsp
Log InRegister
d2jsp Forums > Off-Topic > General Chat > Political & Religious Debate > Pre Election Soapbox On Taxes
Prev123456Next
Add Reply New Topic New Poll
Member
Posts: 28,884
Joined: Aug 11 2013
Gold: 10,712.00
Oct 11 2020 08:34am
Quote (AspenSniper @ Oct 11 2020 12:00am)
They're aiming to find a way not to pay for bs like the green new deal, but the exploding national debt, the national deficit, etc. by taxing those who are NOT making the vast majority of their money from their income, but rather from capital gains/investments.



What utter horseshit is this sentence. Biden himself has some skinny version of the green new deal he talked about. If you think Democrats are going to raise more money to pay down debt instead of funding & expanding various social programs & other spending initiatives then you really haven't been following politics at all.

This post was edited by ofthevoid on Oct 11 2020 08:45am
Member
Posts: 27,048
Joined: Dec 21 2007
Gold: 14,569.69
Oct 11 2020 08:40am
Quote (dro94 @ Oct 11 2020 01:10am)
Wage growth in the US is far higher than inflation so this is factually incorrect. Annualised wage growth c.6% in comparison to 2% inflation is about a 4% real wage growth annually over the last 20 years.

If anything, lower corporate tax rates should raise wages in theory and retained earnings would be higher, increasing investment into the company for new projects.


belief in trickle down economics still exist today?
Member
Posts: 49,289
Joined: Jun 18 2006
Gold: 11.77
Oct 11 2020 08:44am
Quote (Handcuffs @ Oct 11 2020 12:13am)
Aspen is pulling an IceMage.


He's always been a pragmatist.
Member
Posts: 18,212
Joined: Jul 15 2014
Gold: 107.77
Oct 11 2020 11:00am
Quote (queefster @ Oct 10 2020 11:34pm)


Bruh I'm eating rn :(
Member
Posts: 35,291
Joined: Aug 17 2004
Gold: 12,730.67
Oct 11 2020 12:14pm
Quote (bogie160 @ Oct 11 2020 05:52am)
Corporate tax law needed reform because it was counterproductive and nonsensical, not because anyone thought companies were going to give employees charity. Wage growth is driven by increased competition for labor.

Stock buybacks are not inherently dangerous, certainly no more so than paying out the cash as a dividend.

The Democrat party has zero intention of paying off the national debt, and proposing additional spending would be an exceptionally odd way of doing that. The intention on both sides is to spend and finance until the end of time, your savings will be worthless and you're just going to have to accept that.


Neither do the Republicans. Fiscal conservatism died a long time ago. I actually worry that it was ALWAYS bullshit but that's a topic for another time.

If I had to come up analogies, it would be the following: a true fiscal conservative is the father who works a good job and does everything he can to live within his means. The modern conservative is a drunk asshole who keeps losing his job and then racks up credit card debt. The AOCs are willing to buy a million dollar home with a credit card while working as a strawberry picker. The standard Democrat is racking up credit card debt to improve the value of his home with questionable efficacy.
Member
Posts: 33,928
Joined: Oct 9 2008
Gold: 2,528.52
Oct 11 2020 12:38pm
Quote (thundercock @ Oct 11 2020 02:14pm)
Neither do the Republicans. Fiscal conservatism died a long time ago. I actually worry that it was ALWAYS bullshit but that's a topic for another time.

If I had to come up analogies, it would be the following: a true fiscal conservative is the father who works a good job and does everything he can to live within his means. The modern conservative is a drunk asshole who keeps losing his job and then racks up credit card debt. The AOCs are willing to buy a million dollar home with a credit card while working as a strawberry picker. The standard Democrat is racking up credit card debt to improve the value of his home with questionable efficacy.


You say drunk with a large 401k like its a bad thing.
Member
Posts: 35,291
Joined: Aug 17 2004
Gold: 12,730.67
Oct 11 2020 08:57pm
Quote (EndlessSky @ Oct 11 2020 11:38am)
You say drunk with a large 401k like its a bad thing.


Republicans have added more to the debt than Democrats by a substantial margin. They are criminally negligent with our future.
Member
Posts: 41,270
Joined: Apr 14 2006
Gold: 1,788.71
Oct 11 2020 09:05pm
Quote (thundercock @ Oct 11 2020 09:57pm)
Republicans have added more to the debt than Democrats by a substantial margin. They are criminally negligent with our future.



Until Democrats get into office again then it’s “fiscal conservatism” all over again

Country is broken
Member
Posts: 54,184
Joined: May 26 2005
Gold: 4,945.67
Oct 12 2020 03:50am
Quote (thundercock @ 12 Oct 2020 04:57)
Republicans have added more to the debt than Democrats by a substantial margin. They are criminally negligent with our future.


That's an incredibly flawed metric since it cannot account for policies with long-term effects, nor can it factor in non-political explanations.

For example, it was the hawkish - and yes, expensive - policies of Reagan which brought the Soviet Union to its knees and ended the Cold War, which in turn enabled Clinton to reap the 'freedom dividend' during the 90s. Similarly, Clinton was simply lucky to preside over the decade during which the boomers, the largest generation in American history, entered their peak earning years. In the same vein, GWB has not contributed a lot to the financial crisis of 2008, the blame has to mostly fall on Reagan and Clinton who are responsible for the bulk of financial market deregulation. And last but not least, Trump or Biden will preside over huge deficits in the aftermath of the corona recession, with neither of them being at fault.

This post was edited by Black XistenZ on Oct 12 2020 03:50am
Member
Posts: 93,001
Joined: Dec 31 2007
Gold: 2,299.94
Oct 12 2020 06:31am
Quote (Black XistenZ @ Oct 12 2020 04:50am)
That's an incredibly flawed metric since it cannot account for policies with long-term effects, nor can it factor in non-political explanations.

For example, it was the hawkish - and yes, expensive - policies of Reagan which brought the Soviet Union to its knees and ended the Cold War, which in turn enabled Clinton to reap the 'freedom dividend' during the 90s. Similarly, Clinton was simply lucky to preside over the decade during which the boomers, the largest generation in American history, entered their peak earning years. In the same vein, GWB has not contributed a lot to the financial crisis of 2008, the blame has to mostly fall on Reagan and Clinton who are responsible for the bulk of financial market deregulation. And last but not least, Trump or Biden will preside over huge deficits in the aftermath of the corona recession, with neither of them being at fault.


ya that's cool and all but if Trump had unilateral power he'd spend literal billions on a wall that wouldnt stop illegal immigration.
Go Back To Political & Religious Debate Topic List
Prev123456Next
Add Reply New Topic New Poll