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Started By
Message
re: A $5,000 payment would not cause inflation
Posted on 2/24/25 at 10:26 am to greygoose
Posted on 2/24/25 at 10:26 am to greygoose
quote:
Big difference between "giving out" and "giving back".
Most people would get back more than they paid.
This is more of a redistribution scheme. Elon has always been a "UBI" guy.
1
Posted on 2/24/25 at 10:26 am to Azkiger
quote:
It's quite different. Stimulus checks were extra spending. This spending is already on the books.
Inflation isn’t caused by just printing money (as in, it isn’t only caused by whether you print money), it’s caused by shifting the supply/demand curve. Giving everyone money to spend more on the everyday things will shift the curve for those things thus raising the price of those things.
This isn’t rocket science here.
This post was edited on 2/24/25 at 10:29 am
Posted on 2/24/25 at 10:33 am to texag7
quote:
For the record I am against this payment.
quote:
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.
quote:
IF this payment does happen, which as I’ve said I am against,
Tell me why you’re against giving tax payers back their money that would have gone to the assortment of causes and idiocy you listed… if I gave you money to upgrade and improve your home for you and your family, and you instead decided it was better spent on sporting events, luxury items, hookers and blow or anything it was not intended for, do I not have a right to demand that money back in full? We the tax payer have no choice in paying taxes, but we do have a right to demand that our tax dollars be spent for OUR benefit. Tranny plays in Europe do not benefit the American tax payer in anyway shape or form.
Posted on 2/24/25 at 10:34 am to Tiger Prawn
quote:
I don’t know how many people would be getting $5000 checks, but if 100 million checks get sent out, thats $500 billion.
The only ones that would be eligible are the roughly 75 million taxpayers who pay more taxes than they get back.
In other words, if you basically net to $0 in taxes you would not get this divedend.
Also, while I know $5k sounds like a great payday, and some folks could really use it, it would be better if they paid it all against the debt coupled with a major cut in spending. Would be nice if our children don't inherit as big of a dumpster fire someday.
Posted on 2/24/25 at 10:37 am to texag7
Mine would go straight to Edwin Watts.
Posted on 2/24/25 at 10:38 am to texag7
How about just cut our federal tax rate to about 5% for 2025 and we'll call it even 
Posted on 2/24/25 at 10:42 am to Maytheporkbewithyou
quote:
The only ones that would be eligible are the roughly 75 million taxpayers who pay more taxes than they get back.
quote:
When asked about the idea during on the CPAC stage Thursday, Johnson deflected. “Well, look. I mean, politically that would be great for us, you know, it gives everybody a check,” he said. “But if you think about our core principles, right, fiscal responsibility is what we do as conservatives. That’s our brand. And we have a $36 trillion federal debt, we have a giant deficit that we’re contending with. I think we need to pay down the credit card, right?”
They plan to send out 130 million+ $5k checks.
Posted on 2/24/25 at 10:51 am to SlowFlowPro
quote:
The entire point is for this money not to be on the books
Yeah but you were arguing that it's a drop in the bucket so stop being a bitch about it now.
Posted on 2/24/25 at 10:54 am to texag7
Any new money created will ic erase inflation.
So for this to NOT cause Inflation the government needs to be in surplus not just spending less.
that being said, if this money was going to be spent one way or another i wouldn’t mind 5k.
The government lives to bail out everyone but the average american.
So for this to NOT cause Inflation the government needs to be in surplus not just spending less.
that being said, if this money was going to be spent one way or another i wouldn’t mind 5k.
The government lives to bail out everyone but the average american.
Posted on 2/24/25 at 10:58 am to SammyTiger
there is no scenario in which dumping $5k on every American would NOT cause inflation. anyone who says otherwise is either too dumb or trying to be too smart for their own good.
Posted on 2/24/25 at 11:05 am to texag7
quote:
iNfLaTiOn
Are you retarded?
quote:
IF this payment does happen, which as I’ve said I am against, only Trump voters should get it
Yep.
Posted on 2/24/25 at 11:22 am to texag7
Eggs will be $5012 instead of $12
Posted on 2/24/25 at 11:23 am to RogerTheShrubber
quote:All we know right now is the amount, and I'm not so sure that is set in stone. Is it per person or per return? Do you get it if you did not pay federal income tax? I would think, considering how DOGE has been operating, a person who paid zero federal tax, would be excluded. Keep in mind, roughly 50% of our population falls into that category. Then factor in the people who, thru deductions and EIC, they paid very little. Do you "give back" $5k to someone who got a refund check and actually paid a very small amount?
Most people would get back more than they paid.
This is more of a redistribution scheme. Elon has always been a "UBI" guy.
Regardless of how it's done, some will be pissed either way. People who paid zero want like it that high achievers got a check. High achievers will be pissed knowing some of their tax dollars went to people that did not pay into the system.
Posted on 2/24/25 at 11:25 am to greygoose
quote:
Regardless of how it's done, some will be pissed either way.
Roger will bitch no matter what. He is a TDS riddled pussy. It doesn’t matter how it’s done. If Trump approves, Roger will whine.
Posted on 2/24/25 at 11:31 am to greygoose
quote:
Is it per person or per return?
Per tax filing household.
That varies depending on who you ask.
Most people dont have a 5k tax liability. Many would get back more than they pay.
Posted on 2/24/25 at 11:33 am to greygoose
ok so now you get $4,000 that would've been spent on taxes to spend on something else. that's still demand.
even if it's in and investment account, that still incrementally drives the stock market up, and thus the "wealth effect" which is inflationary.
LINK
we can't have our cake and eat it too.
even if it's in and investment account, that still incrementally drives the stock market up, and thus the "wealth effect" which is inflationary.
LINK
we can't have our cake and eat it too.
Posted on 2/24/25 at 11:39 am to RogerTheShrubber
quote:
Most people dont have a 5k tax liability. Many would get back more than they pay.
They could solve that by making it a non-refundable tax credit (think EV credit) where the credit is provided up until the maximum credit value, or your tax liability.
Will still cause inflation but would solve that hypothetical issue.
Posted on 2/24/25 at 11:47 am to SlowFlowPro
What you are basically saying is that if we paid $5000 less in taxes it would cause inflation?
Posted on 2/24/25 at 11:51 am to RogerTheShrubber
quote:
That’s our brand. And we have a $36 trillion federal debt, we have a giant deficit that we’re contending with. I think we need to pay down the credit card, right?”
They love socializing the liabilities after they individualize all the benefits for themselves.
This post was edited on 2/24/25 at 11:52 am
Posted on 2/24/25 at 11:55 am to XenScott
quote:
What you are basically saying is that if we paid $5000 less in taxes it would cause inflation?
No. That description ("paying $5k less in taxes") is not accurate as a comparison.
As I said many times in the "social security" threads. We have to cut spending while maintaining our current level of tax receipts in order to deal with the deficit-debt.
To specifically answer your question within the context of this discussion, if fedgov borrows money in order for you to "pay $5000 less in taxes", then it will be inflationary (which is what people like me have been discussing ITT). That will happen if we still run a deficit and don't use that money towards teh deficit-debt.
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