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Started By
Message
re: A $5,000 payment would not cause inflation
Posted on 2/24/25 at 9:23 am to texag7
Posted on 2/24/25 at 9:23 am to texag7
The way I understand it is, money was allocated for a whole bunch of really stupid shite, with a LOT of it being sent outside the USA. Trump has stopped that. That's different than printing more money for new funding.
Now the question is, do you take that money and pay down the debt, or give some back to the people to actually paid that money. If you pay federal income tax, you paid for things like Guatemalan sex changes. To me, I'd like to see the taxpayer get a portion of that back, and put it back into OUR economy.
Now the question is, do you take that money and pay down the debt, or give some back to the people to actually paid that money. If you pay federal income tax, you paid for things like Guatemalan sex changes. To me, I'd like to see the taxpayer get a portion of that back, and put it back into OUR economy.
1
Posted on 2/24/25 at 9:32 am to TechBullDawg
quote:
Only taxpayers should get it
It should be an advanced non-refundable tax credit.
Posted on 2/24/25 at 9:35 am to greygoose
quote:
. To me, I'd like to see the taxpayer get a portion of that back, and put it back into OUR economy.
Right. It can be both. In fact it the the job of the FR in conjunction with the U.S. Treasury to determine what that portion is and maintain their stated goal of 2% inflation. As of late, the FR has been really bad a hitting its stated inflation objective.
Posted on 2/24/25 at 9:39 am to texag7
quote:
But it would not cause iNfLaTiOn
Taking money that would’ve gone to tranny promotions, queer plays, opium irrigation and global fig studies….then giving it to the American people would not cause iNfLaTiOn.
This tells me you don't understand inflation, deficits nor the debt at all.
Inflation is a function of too much money in the economy chasing too few goods and services. The payment money comes from deficit spending, which is just the annual amount added to the debt. When that debt is not being paid down, that is essentially creating money.
When that money is created but earmarked to go offshore, it impacts inflation far more slowly. When it goes to Trannies for Palestine (or whatever other silliness), it's not going to just that group, but is being laundered around among thousands of other groups (as we've seen with DOGE going long and deep into USAID), with many of those filtering up to pay the fat paychecks of those politically connected folks who sit on boards/run multiple NGOs and then who turn some of the rest of that money back over to candidate coffers for their next campaign. This impact on inflation is watered down as much of that money goes up and out of the country or just sits in a bank account.
When that money goes directly to Main Street, USA, the inflationary impact is far quicker. Remember the inflation we saw right after COVID? That was supply constraints combined with $1,200 stimmy checks (and PPP for those which were forgiven). Tossing out $5k per taxpayer would have roughly the same impact.
That's not "MUH TDSEZ!!1" nor anything else, just the basic economics and monetary actions we've already seen.
Posted on 2/24/25 at 9:40 am to texag7
not gonna read this whole thread.
this isn't rocket science y'all. supply and demand.
we're talking about dumping over $1T straight into people's pockets all at once.
that increases demand for everything without any ability to counter it with an instant supply boost. price go up.
the federal house cleaning has been stellar but don't lose your ability to call a spade a spade. there is simply no way to do this without domestic inflation.
this isn't rocket science y'all. supply and demand.
we're talking about dumping over $1T straight into people's pockets all at once.
that increases demand for everything without any ability to counter it with an instant supply boost. price go up.
the federal house cleaning has been stellar but don't lose your ability to call a spade a spade. there is simply no way to do this without domestic inflation.
Posted on 2/24/25 at 9:40 am to texag7
I am 100% against it. First, it would be inflationary although just slightly. But more importantly, i don't think it's fair for an even payment out when it's not even going to the government. I taxpayer making 50k/yr hardly pays any taxes where a person at 200k pays $50k/yr or more himself. So give them each $5k? NO!.
I'd rather we pay down the debt. We will all benefit from that in a very healthy way.
I'd rather we pay down the debt. We will all benefit from that in a very healthy way.
Posted on 2/24/25 at 9:44 am to texag7
That would cover my next property tax bill with enough left for a few groceries and tanks of gas.
Posted on 2/24/25 at 9:45 am to SlowFlowPro
So thats a yes? 
Posted on 2/24/25 at 9:53 am to SDVTiger
Not with the use of "pretending" and "again"
Posted on 2/24/25 at 10:06 am to Squidbaggins32
quote:But that is assuming everyone goes out a spends it on consumer goods. A lot of people will put it into an investment account, or pay down personal debt. I owe taxes again this year. Roughly about $4k. If I received a $5K refund, I would use it towards that.
we're talking about dumping over $1T straight into people's pockets all at once.
Posted on 2/24/25 at 10:09 am to Squidbaggins32
quote:
not gonna read this whole thread.
this isn't rocket science y'all. supply and demand.
we're talking about dumping over $1T straight into people's pockets all at once.
that increases demand for everything without any ability to counter it with an instant supply boost. price go up.
the federal house cleaning has been stellar but don't lose your ability to call a spade a spade. there is simply no way to do this without domestic inflation.
The logic is solid.
The disconnect is thinking that the supply of money does not increase by paying down debt. As I've mentioned before in this thread, it depends.
Posted on 2/24/25 at 10:12 am to texag7
Would this be going just to taxpayers or all of the leeches too?
Posted on 2/24/25 at 10:13 am to greygoose
quote:
I owe taxes again this year. Roughly about $4k. If I received a $5K refund, I would use it towards that
That’s smart of you, reality is though the majority won’t and inflation will rise as has been repeatedly proven from past handouts/stimulus/etc. Thinking people’s actions will change because it’s Trump giving out money is naive.
Posted on 2/24/25 at 10:14 am to Hognutz
quote:Exactly! And I have a hard time arguing against giving money back to people, that paid taxes that were allocated for things that benefited them in no way, shape or form. Taking my hard earned money and sending it to Iraq to produce Sesame Street is a hard pill to swallow. Keep in mind, this kind of shite has been going on for a very long time. Federal spending has been completely out of control, and I would not be against the government keeping the $5K, and just doing a massive tax cut. If we have enough money to fund the massive laundry list of bullshite expenditures, that just tells EVERYONE that WE are taxed too much!
That would cover my next property tax bill with enough left for a few groceries and tanks of gas.
Posted on 2/24/25 at 10:15 am to aero1126
quote:
That’s smart of you, reality is though the majority won’t and inflation will rise as has been repeatedly proven from past handouts/stimulus/etc.
Yep, most would be spent in the first month, giving supply chains a headache.
But youre talking to a people who believe Obama and Bidens stimulus causes Inflation, not Trumps.
Its a miracle!
Posted on 2/24/25 at 10:17 am to aero1126
quote:Big difference between "giving out" and "giving back".
Thinking people’s actions will change because it’s Trump giving out money is naive.
I really don't have a problem with the actual taxpayer getting some of their money back, or using it to pay down the debt. What I do have a problem with is, making sure OUR money is under good stewardship. It obviously has not been.
Posted on 2/24/25 at 10:21 am to greygoose
quote:
Big difference between "giving out" and "giving back".
If it's a flat 5k, it's giving out. Proportional or bust.
Posted on 2/24/25 at 10:21 am to WHS
quote:
Its no different than a stimulus check
It's quite different. Stimulus checks were extra spending. This spending is already on the books.
Posted on 2/24/25 at 10:24 am to Azkiger
quote:
Stimulus checks were extra spending. This spending is already on the books.
The entire point is for this money not to be on the books
Posted on 2/24/25 at 10:25 am to Azkiger
quote:
This spending is already on the books.
But not yet in the consumer economy. Which would happen over time, and distance, not in one country at once.
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