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re: New GOP bill includes payroll tax deferral, another round of trump checks, reduced UE $
Posted on 7/20/20 at 1:43 pm to FATBOY TIGER
Posted on 7/20/20 at 1:43 pm to FATBOY TIGER
quote:
Cut all federal funding, bet people find or go back to a job.
Cut all government jobs
Thats where all the money we have left if any is going
Those people have been paid for doing nothing for half a year
An example of how worthless government workers are.
This post was edited on 7/20/20 at 1:44 pm
0
Posted on 7/20/20 at 1:44 pm to Taxing Authority
Ya I wanted them to let the floor fallout on bonds but they just can't do it. We need a debt purge but instead we're going to get a debt jubilee lol
Would be awesome for younger generations. You can't build wealth buying tech names at 500x earnings and no yields on bonds when the population can't replace it's labor force 1 for 1.
Would be awesome for younger generations. You can't build wealth buying tech names at 500x earnings and no yields on bonds when the population can't replace it's labor force 1 for 1.
Posted on 7/20/20 at 1:45 pm to ShortyRob
quote:
The weird part is this. I only have 1 debt. My mortgage and it is at two and a half percent. But with the likelihood inflation at some point in the future I'm half tempted to go out and pile on more debt that will become cheap in the future
i paid off all my "high" interest student loans
stupid mr. responsible
Posted on 7/20/20 at 1:47 pm to SlowFlowPro
I have literally zero debt. I'm the sucker for not playing the game.
I would have gone to grad school had I known a student debt jubilee was inevitable.
This post was edited on 7/20/20 at 1:48 pm
Posted on 7/20/20 at 1:49 pm to SlowFlowPro
quote:
i paid off all my "high" interest student loans
stupid mr. responsible
Now you can go out and take relatively low rate debt and then let inflation make that debt seem cheaper
Posted on 7/20/20 at 1:49 pm to wutangfinancial
quote:
We need a debt purge but instead we're going to get a debt jubilee lol
yep. quote:Or SS, or fund the debt... ironically while everyone has become an amateur virologist dumbsplaining exponential growth of COVID transmission on facebook—they’ve applied none of that to compound interest.
Would be awesome for younger generations. You can't build wealth buying tech names at 500x earnings and no yields on bonds when the population can't replace it's labor force 1 for 1.
My favorite whine is Millinieals complaining they cant accumulate wealth—while they continually beg for the very policies that prevent it
This post was edited on 7/20/20 at 1:52 pm
Posted on 7/20/20 at 1:50 pm to HailHailtoMichigan!
I hate to be the voice of doom, but that's dead on arrival. No way Democrats go for that, especially the payroll tax. Payroll tax is a Holy Grail tax for Democrats, and I can already here the howls. Republicans don't have thick enough skin to go war with Democrats over this. The only way I see compromise with this is an increase in the stimulus checks, which Republicans won't go for.
Posted on 7/20/20 at 1:54 pm to Taxing Authority
I'll go even one better. They want confiscatory taxes on assets their parents own and will eventually inherit LMFAO
Posted on 7/20/20 at 1:56 pm to DMagic
quote:
Yeah but Americans stopped caring about that debt about 16 years and 10 trillion dollars ago
Specifically, "conservatives" stopped caring around January of 2017, after they started caring around January 2009.
Posted on 7/20/20 at 1:57 pm to OchoDedos
quote:The republicans are going to do what they always do.
Republicans don't have thick enough skin to go war with Democrats over this.
Step 1. Democrats ask for $3 Trillion
Step 2. Republicans propose something very small or nothing
Step 3. Democrats accuse republicans of being meanie headed. Anyone left of center hates the republicans.
Step 4. Republicans cave and pass a $2.95 Trilion bill. Now, anyone right of center now hates the republicans too.
Step 5. Republicans try to say “we saved the american taxpayers from the horrible democrats” No one believes it.
So the net is: everyone hates republicans (on both sides). We spend almost the same as we would have if democrats had complete control. Republicans face a tough election cycle because everyone knows they are FOS.
Repeat.
Posted on 7/20/20 at 1:59 pm to wutangfinancial
quote:Gotta get “the rich”.
I'll go even one better. They want confiscatory taxes on assets their parents own and will eventually inherit LMFAO
The greatest fallacy ever sold to millinieals is the idea that hating “the rich” is the same as helping “the poor”.
Posted on 7/20/20 at 2:32 pm to saints5021
Gotta hand it to him - Trump is the only President that could get a Conservative to celebrate handouts.
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