- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: "Conservatism" has to be more than just a defensive posture
Posted on 4/15/24 at 10:23 am to Turbeauxdog
Posted on 4/15/24 at 10:23 am to Turbeauxdog
quote:
and let economic growth get us out of this hole.
Not really possible. Do the math and calculate what sort of GDP increase we will need (assuming no extra government spending and a return in taxers of 20% of GDP).
Every $100B in tax growth will require $500B in private sector GDP expansion. Our current deficit is $1.6T, so just to get even (ignoring the debt), our private sector GDP will have to increase what, $8T?
2
Posted on 4/15/24 at 10:26 am to SlowFlowPro
quote:
and let economic growth get us out of this hole.
Not really possible
This is what Trump proposed he would do to tackle debt, and he did nothing but stack it up.
Posted on 4/15/24 at 11:07 am to SlowFlowPro
quote:
Not really possible. Do the math and calculate what sort of GDP increase we will need (assuming no extra government spending and a return in taxers of 20% of GDP).
You don't get it.
You need less tax base not more if you capture 5-7% return from an investment portfolio.
Currently the government steals from ss ponzi at us treasury rates which don't even keep up with inflation.
To some degree greater than zero, you can tax people the same, offer them the same pension, and dig out of the hole strictly because you're getting an actual return on the funds.
The key is to unlock compounding returns.
Page 1 of 1
Popular
Back to top
Follow TigerDroppings for LSU Football News