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What is the point of raising taxes?

Posted on 3/16/21 at 8:31 pm
Posted by ChEgrad
Member since Nov 2012
3261 posts
Posted on 3/16/21 at 8:31 pm
What is the point of raising taxes when we are spending so much money? Any tax increase is esssentially a drop in the bucket and cannot pay for any of these spending programs. I think Biden claims it would raise 2.1 trillion over TEN years. That doesn’t even cover the deficit for ONE year now.

There is no fiscal justification for raising taxes. It is purely political punishment.
Posted by TomBuchanan
East Egg, Long Island
Member since Jul 2019
6231 posts
Posted on 3/16/21 at 8:32 pm to
(no message)
This post was edited on 11/6/23 at 8:19 pm
Posted by Rhino5
Atlanta
Member since Nov 2014
28897 posts
Posted on 3/16/21 at 8:33 pm to
It’s amazing how many of y’all can’t calm down and figure out which board you’re on before your rant.

ETA: going nuclear doesn’t solve it. I think everyone understands it’s bad for business.
This post was edited on 3/16/21 at 8:35 pm
Posted by RockyMtnTigerWDE
War Damn Eagle Dad!
Member since Oct 2010
105393 posts
Posted on 3/16/21 at 8:33 pm to
Are you paying attention to all the programs and giveaways? There’s always a Bill to be paid.
Posted by Cap Banga
Member since Mar 2021
111 posts
Posted on 3/16/21 at 8:34 pm to
Have you read Trump’s Twitter? Jesus shitlord, get with the times
Posted by Sooner5030
Desert Southwest
Member since Sep 2014
1712 posts
Posted on 3/16/21 at 8:35 pm to
It's a counter strategy to the pubs "starve the beast".

If a grand reset is forced upon the government...and the only way for both sides to agree is for a 1 for 1 ($1 spending cut for $1 tax increase) deal then it's best to set your anchor as far out as possible.

With covid this was their opportunity to go peak government.

thanks alot Georgia
This post was edited on 3/16/21 at 8:37 pm
Posted by CheEngineer
Louisiana
Member since Aug 2019
4234 posts
Posted on 3/16/21 at 8:35 pm to
Collapse economy completely usher in socialism/communism. It is the end game.
This post was edited on 3/16/21 at 8:37 pm
Posted by GoldenGuy
Member since Oct 2015
10859 posts
Posted on 3/16/21 at 8:38 pm to
Well, if they're low enough that raising taxes actually generates more money for the Government instead of hurting it, that's a decent reason for Government to raise taxes.

You'd probably have to drop taxes all the way to 7-8% before you can raise taxes back to where that maximum point of government revenue is, which is probably 9-10%
Posted by SlidellCajun
Slidell la
Member since May 2019
10349 posts
Posted on 3/16/21 at 8:43 pm to
It is political

They want to villify employers knowing that they’re a minority in this country.

They want the middle class working person to hate those making over a certain amount- in this case 400,000

It will never be enough to satisfy the enormous deficit or debt.
We have a spending problem but they cannot accept it
Posted by Bulldogblitz
In my house
Member since Dec 2018
26774 posts
Posted on 3/16/21 at 8:43 pm to
To spend more
Posted by ABearsFanNMS
Formerly of tLandmass now in Texas
Member since Oct 2014
17446 posts
Posted on 3/16/21 at 8:46 pm to
quote:

What is the point of raising taxes when we are spending so much money? Any tax increase is esssentially a drop in the bucket and cannot pay for any of these spending programs. I think Biden claims it would raise 2.1 trillion over TEN years. That doesn’t even cover the deficit for ONE year now. There is no fiscal justification for raising taxes. It is purely political punishment.


The Elite Progs want all the minions equal and thus easy to control.....it is straight out of the handbook
Posted by ManBearTiger
BRLA
Member since Jun 2007
21829 posts
Posted on 3/16/21 at 8:53 pm to
Progs don't do math. It agitates their feelings.
Posted by DaManiacLovesYou
Member since Mar 2020
244 posts
Posted on 3/16/21 at 9:00 pm to
bullshite. They can print fiat money at will. They don’t need our shite. It’s to keep the population broke
Posted by NPComb
Member since Jan 2019
27271 posts
Posted on 3/16/21 at 9:04 pm to
quote:

Have you read Trump’s Twitter?


President Trump has a Twitter account that you can read?
Posted by RockyMtnTigerWDE
War Damn Eagle Dad!
Member since Oct 2010
105393 posts
Posted on 3/16/21 at 9:05 pm to
Lolz
Posted by Bulldogblitz
In my house
Member since Dec 2018
26774 posts
Posted on 3/16/21 at 9:06 pm to
quote:

Progs don't do math. It agitates their feelings.


It's also rayciss
Posted by Davidsgf
Baton rouge
Member since Aug 2019
6 posts
Posted on 6/16/21 at 1:41 pm to
(no message)
This post was edited on 6/16/21 at 1:42 pm
Posted by Zach
Gizmonic Institute
Member since May 2005
112417 posts
Posted on 6/16/21 at 2:16 pm to
Pay attention to the rhetoric. The left never says 'We need to raise taxes to pay for ...'
They say 'We need to make the rich pay their fair share to pay for ....'

Taxation is a punishment for those who are unjustly wealthy. It has nothing to do with paying for anything. It's class envy.
As Obama said when he ran for President: 'They say it's class warfare. Yes, it is. I'm a class warrior.'
Posted by Great Plains Drifter
Member since Jul 2019
4351 posts
Posted on 6/16/21 at 2:26 pm to
This country has never had a revenue problem but has long had an insatiable spending problem.
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