AI
Thursday, June 28, 2018 10:00:16 AM
'Socialists rarely can articulate how to pay for all the free stuff/programs other than to say, "Tax the Rich"'
In case you haven't noticed it, Taxation is basically how societies pay for things. We just handed enormously wealthy corporations and individuals a $1.5 trillion tax cut. How has that worked? Employment and GDP are largely unchanged, but the deficit has more than doubled which, in times of a robust economy, is just malfeasance.
Your guy said he was going to erase the debt in 8 years... we just set a record
Consider this chart. Feel free to point out that it only goes through 2014. Tax receipts remain at just under 20% of GDP, but the marginal tax rates have dropped by 55%. So considering that the tax receipts are roughly the same, who's picking up the slack?
Clearly people of lesser means are picking up more of the burden... In other words, spare me your tears.
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I was looking for a funny meme and I came up with this...
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In case you haven't noticed it, Taxation is basically how societies pay for things. We just handed enormously wealthy corporations and individuals a $1.5 trillion tax cut. How has that worked? Employment and GDP are largely unchanged, but the deficit has more than doubled which, in times of a robust economy, is just malfeasance.
Your guy said he was going to erase the debt in 8 years... we just set a record
Consider this chart. Feel free to point out that it only goes through 2014. Tax receipts remain at just under 20% of GDP, but the marginal tax rates have dropped by 55%. So considering that the tax receipts are roughly the same, who's picking up the slack?
Clearly people of lesser means are picking up more of the burden... In other words, spare me your tears.
]]]]]]]]]]]]]]]]]]
I was looking for a funny meme and I came up with this...
]]]]]]]]]]]]]]]]]]
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