is essentially what Thomas Jefferson did back then.

Very similar scenarios regarding Napoleonic Wars.

Assuming Trump wins 2024 and by the time Trumps economic reorientation plan is in action, radicals in government will effectively hold zero power either due to forced or unforced resignations, firings, retirement, or controlled by the good guys. Like Jefferson's era, U.S. will essentially be wrapping up or concluded the unconventional war that has been occurring since at least the early 20th century when the Federal Reserve and IRS were signed into existence. The U.S. economy and overall economic development has been intentionally stunted for over a century.

With all of the other enormously impactful economy/trade/other financial related news happening around the world, not to mention rapidly developing tech including blockchain, we are tee'd up to experience the most intense economic boom in all of U.S. history.



This post was edited by Shakti on Jun 15 2024 11:37pm

huffing that copium real hard

No one did it better then TJ!

That's real fiscal policy!



Probably better to be be huffing copium as compared to what you huffin dude.

Eliminating income tax is just a way for rich people to pay even less and middle class to pay even more

The wealthy don't even pay a fair tax anyway. They hide their money off shore and in low tax alternatives like real estate. Treating houses like stocks is going to bite everyone in the ass but you know what? They'll just hold the government hostage like they did on 08' when it comes crashing down again.

If you get rid of cancer, then what do you replace it with?

a balanced budget and an economic boom dont happen at the same time with the modern landscape.

to accomplish it you slash spending and raise taxes, both economy killers.

Yep and it will be ugly when people start getting laid off from jobs that are automated

If the economic boom is strong enough, you can eventually get a balanced budget. That's essentially what happened under Clinton at the tail end of the 90s.
Similar story in the wake of the financial crisis. It took quite some years, but by the end of the 2010s (and before covid hit), many European countries had gotten their debt/deficit below the 60%/3% of GDP thresholds, respectively.

It won't happen at the beginning of the economic cycle, though, so there's that.

This post was edited by Black XistenZ on Jun 17 2024 05:46pm