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re: Joe Biden wants to raise taxes by 8 trillion dollars
Posted on 7/21/20 at 7:45 pm to stickly
Posted on 7/21/20 at 7:45 pm to stickly
Yeah, and that noob on your other post can’t understand why they won’t come after home-equity after they cull 1031. Eight trillion? Hell they’ll probably try to get 401k too.
0
Posted on 7/21/20 at 8:28 pm to Coon
quote:And you could only do it one time. Where does the money come from next year?
total wealth ... Divide by approx 300,000,000 Americans lowers the individual tax burden to only ~$24,000 per person Instead of the $25,000 someone listed earlier.
Posted on 7/21/20 at 8:32 pm to wutangfinancial
quote:Its gotta be, right? Or else Biden will be 25th amendment processed out by the end of January if he won.
My guess is it's $800B let year over 10 years.
$8/yr is almost half of our entire GDP. Take out healthcare and you’re talking only about $2T left in the entire economy.
The capital flight would be something to behold though!
Posted on 7/21/20 at 8:33 pm to Mrtommorrow1987
But but Trump only wears a mask sometimes
Posted on 7/21/20 at 8:40 pm to Mrtommorrow1987
Link?
Posted on 7/21/20 at 8:49 pm to Mrtommorrow1987
Joe Biden wants some of that pudding ice cream, prepared by doctors that, the thing...When the thing they think the days are good.
Posted on 7/21/20 at 8:51 pm to Hangit
Joe Biden has no fricking clue what he wants. Hell he don’t even know where he is most the time.
Posted on 7/21/20 at 8:54 pm to Taxing Authority
quote:
The capital flight would be something to behold though!
This is why it would never happen. The Fed needs asset prices to inflate because according to their models it's drives consumption. Consumption drives tax receipts. Imagine thinking you could increase taxes this way? LOL
Posted on 7/21/20 at 9:02 pm to Mrtommorrow1987
Hey man my Universal Childcare and Elderly Care aren't going to pay for themself.
Posted on 7/21/20 at 9:06 pm to wutangfinancial
quote:Never underestimate the stupidity of Leftists.
This is why it would never happen
Posted on 7/21/20 at 9:16 pm to Taxing Authority
LOL I still think big law and big banking is in charge. There's too many agency and economic incentives for them to stop this economic model we have.
Posted on 7/21/20 at 9:21 pm to wutangfinancial
quote:I hope you’re right. Watch them closely.
LOL I still think big law and big banking is in charge. There's too many agency and economic incentives for them to stop this economic model we have.
Posted on 7/21/20 at 9:27 pm to Taxing Authority
They're going to kill the welfare state they love so much if they drive baby boomers into retirement at a quicker rate than what they expect. Remember when they can't control the bond market they won't be about to issue debt perpetually at 0% rates. The radicals think it doesn't matter due to CB balance sheet expansion but there will be limits to that as well.
Posted on 7/21/20 at 9:34 pm to Mrtommorrow1987
With the next stimulus for Covid we would have printed an additional 8 trillion dollars under Trump. So..... what’s the difference?
This post was edited on 7/21/20 at 9:35 pm
Posted on 7/21/20 at 9:34 pm to wutangfinancial
The estimates I have seen are $4 trillion over 10 years. That would still be the highest raise in American history.
It’s funny that Dems like to point out how growth has been higher under Dem presidents the last 40 years. They fail to mention both those Democrat presidents decreased taxes. It’s not the party, it’s the policy that’s the problem.
It’s funny that Dems like to point out how growth has been higher under Dem presidents the last 40 years. They fail to mention both those Democrat presidents decreased taxes. It’s not the party, it’s the policy that’s the problem.
Posted on 7/21/20 at 9:40 pm to Mrtommorrow1987
this is about to get dark, but is anyone else really concerned if Biden was to win?
Like what's the point of carrying on if we're gonne get taxed to death anyway????
Like what's the point of carrying on if we're gonne get taxed to death anyway????
Posted on 7/21/20 at 9:41 pm to Mrtommorrow1987
Can I get a link for Biden saying this?
Posted on 7/21/20 at 9:48 pm to BigB123
That's because anybody who thinks a political party has a greater effect on the economy is a moron. They're providing black and white answers to one of the most complicated systems humans study.
Posted on 7/21/20 at 9:50 pm to wutangfinancial
quote:
That's because anybody who thinks a political party has a greater effect on the economy is a moron. They're providing black and white answers to one of the most complicated systems humans study.
You are wrong but I don't care to try it to prove it
Posted on 7/21/20 at 10:12 pm to Mrtommorrow1987
Sounds fair.
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