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re: Biden team preparing $3T in new spending
Posted on 3/22/21 at 4:41 pm to Torqued Pork
Posted on 3/22/21 at 4:41 pm to Torqued Pork
The private sector doesn't build infrastructure – the government does. That's why we have a government. Are you against new infrastructure? Most of ours was built in the 30s-60s and is in disrepair. And this $3T investment will be mostly funded by taxes on the wealthy and corporations (and the closure of loopholes). What sounds so bad about that?
4
Posted on 3/22/21 at 4:42 pm to PUB
quote:
Why? Global reserve currency and the US, as messed up as it is, remains the BEST economy and currency still going in the world.
So said the Greeks. And the Romans. And the Spanish. And the British. etc.
US is the best economy and currency today. That does not guarantee it will be tomorrow.
Posted on 3/22/21 at 4:43 pm to aminhamenina014
quote:
investment will be mostly funded by taxes on the wealthy and corporations
Who pays corporate taxes?
I'll hang up and listen.
Posted on 3/22/21 at 4:46 pm to LSUFanHouston
Corporations, who right now are swimming in so much cash that they're lavishing it on management and using it to buy back billions in stock.
Posted on 3/22/21 at 4:48 pm to aminhamenina014
quote:
Corporations, who right now are swimming in so much cash that they're lavishing it on management and using it to buy back billions in stock.
Which they will continue to do.
They will raise prices to pay for the corporate tax.
So me and you will pay for it.
Do you have a pension plan or a 401K or an IRA?
Posted on 3/22/21 at 4:50 pm to aminhamenina014
quote:"Infrastructure" does not appear anywhere in the Constitution. True story.
The private sector doesn't build infrastructure – the government does. That's why we have a government.
quote:
Are you against new infrastructure?
quote:What specific parts of our economy are held back by "infrastructure"?
Most of ours was built in the 30s-60s and is in disrepair.
quote:All of it. It's a lie. Taxis on "wealthy and corporations" would even balance our current budget. Muchless pay for more spending.
And this $3T investment will be mostly funded by taxes on the wealthy and corporations (and the closure of loopholes). What sounds so bad about that?
This post was edited on 3/22/21 at 4:51 pm
Posted on 3/22/21 at 4:50 pm to The Maj
quote:
I am beginning to wonder when the tree of liberty will be watered... before or after the dollar collapses?
It’s already collapsed. This spending is just propping up the bubble.
Posted on 3/22/21 at 4:53 pm to LSUFanHouston
So all corporations will act as a cartel to raise prices together, so that they can keep their current high margins? That's ridiculous. And if you read the business press, you'll notice that the corporate world isn't exactly kicking and screaming about this. Business benefits from improved infrastructure. The private sector has also been investing heavily in green energy over the last 18 months.
Yes, I have a 401k and do very well financially. What difference does that make?
Yes, I have a 401k and do very well financially. What difference does that make?
Posted on 3/22/21 at 4:53 pm to Jbird
Posted on 3/22/21 at 4:54 pm to DallasTiger11
quote:
Trump never even proposed anything or made a push for this. It was a huge mistake
You’re kidding, right? He even blamed the smaller stimulus checks on McConnell and attributed it to losing the Georgia senate seats (he blamed everything but himself, of course).
Trump Says He’s Ready To Push White House Stimulus Offer Over $1.8 Trillion
Trump’s demands for $2K stimulus checks, explained
Bernie Sanders (!) agrees with Trump push for bigger stimulus
Posted on 3/22/21 at 4:55 pm to aminhamenina014
quote:
The private sector has also been investing heavily in green energy over the last 18 months.
Posted on 3/22/21 at 4:55 pm to aminhamenina014
quote:
So all corporations will act as a cartel to raise prices together, so that they can keep their current high margins?
Being smart doesn't make one a cartel.
quote:
And if you read the business press, you'll notice that the corporate world isn't exactly kicking and screaming about this.
of course, because they won't be paying for it.
quote:
Yes, I have a 401k and do very well financially. What difference does that make?
So your balance has very likely benefitted from stock buybacks.
Posted on 3/22/21 at 4:57 pm to Jbird
quote:
Biden team preparing $3T in new spending
Last I checked, the Congress approves all spending...
so good luck with that 3 T pipe dream
Posted on 3/22/21 at 5:01 pm to LSUFanHouston
quote:
Being smart doesn't make one a cartel.
Corporations fight tooth and nail for market share. The only way all of them would raise prices to cover all of the tax increase would be if they coordinated. Otherwise there's too much incentive to maintain prices and maintain market share.
quote:
So your balance has very likely benefitted from stock buybacks.
What if... my personal retirement balance isn't the only thing I'm concerned about? How about living in a dynamic, forward-thinking, prosperous country, the way things were after WW2?
Posted on 3/22/21 at 5:26 pm to 7UnderPar
quote:
quote:
They're going to crash the whole system. Then institute socialism.
Worse. Technocracy.
Socialists/Communists use useful idiots, the socialists/communists are the Technocrats useful idiots.
After our gov/corporate hybrid leadership collapses the system, the technocrats will step in with a solution (Great Reset?).
Then they won't need to go through the government at all, but they may keep a semblance of a government to make people think they're still free.
Big Pharma is running our healthcare through CDC and WHO.
MIC is directing the Pentagon to increase sales and foreign aid scams going.
You know what Hollywood, news media and Big Tech are doing.
What IS the government now? just a big money printer and some side shows to keep us distracted and paying taxes while they do as they please.
quote:
Surely this has to be the goal. Can't completely remake the system until you bring the current one down
Solve Coagula
Destroy to create.
Posted on 3/22/21 at 5:29 pm to Overwatch
quote:
That's always been the idea: not to lift others up to our level, but to destroy us down to theirs
just like public schools
Posted on 3/22/21 at 5:30 pm to aminhamenina014
quote:
Corporations, who right now are swimming in so much cash that they're lavishing it on management and using it to buy back billions in stock.
Posted on 3/22/21 at 5:38 pm to Jbird
We are spending like a drunk teenage girl with daddy’s credit card
Posted on 3/22/21 at 6:01 pm to aminhamenina014
quote:
Corporations fight tooth and nail for market share. The only way all of them would raise prices to cover all of the tax increase would be if they coordinated.
Do you remember how after ObamaCare took over, a bunch of companies cut employees to 29 hours so they didn't have to offer coverage? Was that a cartel as well?
quote:
What if... my personal retirement balance isn't the only thing I'm concerned about? How about living in a dynamic, forward-thinking, prosperous country, the way things were after WW2?
The US treasury accepts donations towards paying down the federal debt. When's the last time you sent them a donation?
Posted on 3/22/21 at 6:09 pm to Jbird
3 trillion $ = another Solyndra on a massive scale.
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