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re: Where Does One US Tax Dollar Go?
Posted on 4/13/24 at 9:04 am to jimmy the leg
Posted on 4/13/24 at 9:04 am to jimmy the leg
quote:
I can’t imagine being disingenuous enough to equate Trump and Biden.
You equated a more conservative position than Trump with Biden, so I don't see how.
Posted on 4/13/24 at 9:16 am to SlowFlowPro
quote:
You equated a more conservative position than Trump with Biden, so I don't see how.
I explained how.
You chose to ignore a logical explanation to promote a bullshite narrative.
That says a lot about you.
Posted on 4/13/24 at 9:57 am to SlowFlowPro
quote:It depends on the definition of "conservative," doesn't it? E.g., Blue Laws are not conservative, though by-and-large they are passed and supported by "conservatives."
so I don't see how.
Economic stability and decreasing the debt are conservative. With regard to the latter, decreasing spending and raising revenue are the tools at hand. Raising revenue implies economic growth and or tax increase. The problem is tax increase and economic growth are often oppositional precepts.
The separation of Biden and Trump is understanding the latter. Granted, Trump is more populist/libertarian than conservative. But an economic equation of Trump with Biden is simpleminded.
I suspect your larger point is that, in the past, at lower debt levels, inflation was a means of devaluing the debt. If inflation exceeded borrowing costs, debt was de facto diminished. As we approach fiscal dominance, we no longer occupy that paradigm. Progressive taxation excluding half the country will not solve it.
It is not evident our Congressional big spenders in either party fully understand the situation, or if they do, they are unwilling to come to grips with it. At least GOP'ers are willing to discuss it though. But when they do, they lose elections due to PPP (Progressive Propaganda Press) coverage. That coverage also continues to mask or severely deemphasize the threat of fiscal dominance from the public. Unless PPP messaging changes, it is going to require an existential crisis to shift our spending habits.
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