Reducing government revenues is a great way to encourage reduction of government expenses.
True, except reducing tax rates generally increases tax revenues. Even Obama understood this. His rationale for raising taxes was based on SJW equity bullshit.
"GIBSON: All right. You have, however, said you would favor an increase in the capital gains tax. As a matter of fact, you said on CNBC, and I quote, “I certainly would not go above what existed under Bill Clinton,” which was 28 percent. It’s now 15 percent. That’s almost a doubling, if you went to 28 percent.
But actually, Bill Clinton, in 1997, signed legislation that dropped the capital gains tax to 20 percent.
OBAMA: Right.
GIBSON: And George Bush has taken it down to 15 percent.
OBAMA: Right.
GIBSON: And in each instance, when the rate dropped, revenues from the tax increased; the government took in more money. And in the 1980s, when the tax was increased to 28 percent, the revenues went down.
So why raise it at all, especially given the fact that 100 million people in this country own stock and would be affected?
OBAMA: Well, Charlie, what I’ve said is that I would look at raising the capital gains tax for purposes of fairness. "
Yeah, but still. Reduce federal spending and cede power to the individual states.
Reducing government revenues is a great way to encourage reduction of government expenses.
True, except reducing tax rates generally increases tax revenues. Even Obama understood this. His rationale for raising taxes was based on SJW equity bullshit.
"GIBSON: All right. You have, however, said you would favor an increase in the capital gains tax. As a matter of fact, you said on CNBC, and I quote, “I certainly would not go above what existed under Bill Clinton,” which was 28 percent. It’s now 15 percent. That’s almost a doubling, if you went to 28 percent.
But actually, Bill Clinton, in 1997, signed legislation that dropped the capital gains tax to 20 percent.
OBAMA: Right.
GIBSON: And George Bush has taken it down to 15 percent.
OBAMA: Right.
GIBSON: And in each instance, when the rate dropped, revenues from the tax increased; the government took in more money. And in the 1980s, when the tax was increased to 28 percent, the revenues went down.
So why raise it at all, especially given the fact that 100 million people in this country own stock and would be affected?
OBAMA: Well, Charlie, what I’ve said is that I would look at raising the capital gains tax for purposes of fairness. "
Yeah, but still. Reduce federal spending and cede power to the individual states.
Reducing government revenues is a great way to encourage reduction of government expenses.
True, except reducing tax rates generally increases tax revenues. Even Obama understood this. His rationale for raising taxes was based on SJW equity bullshit.
"GIBSON: All right. You have, however, said you would favor an increase in the capital gains tax. As a matter of fact, you said on CNBC, and I quote, “I certainly would not go above what existed under Bill Clinton,” which was 28 percent. It’s now 15 percent. That’s almost a doubling, if you went to 28 percent.
But actually, Bill Clinton, in 1997, signed legislation that dropped the capital gains tax to 20 percent.
OBAMA: Right.
GIBSON: And George Bush has taken it down to 15 percent.
OBAMA: Right.
GIBSON: And in each instance, when the rate dropped, revenues from the tax increased; the government took in more money. And in the 1980s, when the tax was increased to 28 percent, the revenues went down.
So why raise it at all, especially given the fact that 100 million people in this country own stock and would be affected?
OBAMA: Well, Charlie, what I’ve said is that I would look at raising the capital gains tax for purposes of fairness. "
Yeah, but still. Reduce federal spending and cede power to the individual states.
Totally agree.
Of course, then you get the inverse at the state and local levels. Taxes in Seattle and King County are getting ridiculous, especially thanks to low interest rates and cheap borrowing that inflates the cost of housing.
Reducing government revenues is a great way to encourage reduction of government expenses.
True, except reducing tax rates generally increases tax revenues. Even Obama understood this. His rationale for raising taxes was based on SJW equity bullshit.
"GIBSON: All right. You have, however, said you would favor an increase in the capital gains tax. As a matter of fact, you said on CNBC, and I quote, “I certainly would not go above what existed under Bill Clinton,” which was 28 percent. It’s now 15 percent. That’s almost a doubling, if you went to 28 percent.
But actually, Bill Clinton, in 1997, signed legislation that dropped the capital gains tax to 20 percent.
OBAMA: Right.
GIBSON: And George Bush has taken it down to 15 percent.
OBAMA: Right.
GIBSON: And in each instance, when the rate dropped, revenues from the tax increased; the government took in more money. And in the 1980s, when the tax was increased to 28 percent, the revenues went down.
So why raise it at all, especially given the fact that 100 million people in this country own stock and would be affected?
OBAMA: Well, Charlie, what I’ve said is that I would look at raising the capital gains tax for purposes of fairness. "
Yeah, but still. Reduce federal spending and cede power to the individual states.
Totally agree.
Of course, then you get the inverse at the state and local levels. Taxes in Seattle and King County are getting ridiculous, especially thanks to low interest rates and cheap borrowing that inflates the cost of housing.
People voting that way at the local level get the government they want and deserve without damaging the more rational among us who choose not to live there.
Reducing government revenues is a great way to encourage reduction of government expenses.
Yeah like building a wall along the Mexican border.
We don't have to build a wall.
Drones with machine guns and missiles would work just fine.
Too much logic, too cost effective, plus it takes advantage of current technology. Dumb, Dumb, Dumb.
China built a wall 5,000 years ago. Better idea. Like trump said, no Mexicans in China.
Though, building a wall could create jobs but who wants jobs from the public sector? Fuck that! You know it would take 10 years to build with 5 guys standing around watching another guy dig dirt.
OR get a 3-d printer to build the wall. If you really really want a wall.
Reducing government revenues is a great way to encourage reduction of government expenses.
Yeah like building a wall along the Mexican border.
We don't have to build a wall.
Drones with machine guns and missiles would work just fine.
Jesus: This is so fucked up. The Wall idea came about after 9/11 to reduce the likelihood of terrorists sneaking in from Mexico. Now it's morphed into a statement that all Mexicans are criminals, blah, blah, blah. Thank Trump for clouding this issue and broad-brushing all Mexicans for the acts of very few, but even so, get a fucking grip, people. Secure borders are neither racist, nor a bad thing.
Reducing government revenues is a great way to encourage reduction of government expenses.
Yeah like building a wall along the Mexican border.
We don't have to build a wall.
Drones with machine guns and missiles would work just fine.
Jesus: This is so fucked up. The Wall idea came about after 9/11 to reduce the likelihood of terrorists sneaking in from Mexico. Now it's morphed into a statement that all Mexicans are criminals, blah, blah, blah. Thank Trump for clouding this issue and broad-brushing all Mexicans for the acts of very few, but even so, get a fucking grip, people. Secure borders are neither racist, nor a bad thing.
Building a wall with Mexico is not a great way to solve a problem of terrorists flying in from Canada IMO.
Reducing government revenues is a great way to encourage reduction of government expenses.
Yeah like building a wall along the Mexican border.
We don't have to build a wall.
Drones with machine guns and missiles would work just fine.
Jesus: This is so fucked up. The Wall idea came about after 9/11 to reduce the likelihood of terrorists sneaking in from Mexico. Now it's morphed into a statement that all Mexicans are criminals, blah, blah, blah. Thank Trump for clouding this issue and broad-brushing all Mexicans for the acts of very few, but even so, get a fucking grip, people. Secure borders are neither racist, nor a bad thing.
I was with you until the last sentence. While true that the act of securing the border is not racist (it was the way Trump talked about it that was racist), a wall won't help that. A high percentage of illegal immigrants entered the country legally.
Reducing government revenues is a great way to encourage reduction of government expenses.
Yeah like building a wall along the Mexican border.
We don't have to build a wall.
Drones with machine guns and missiles would work just fine.
Jesus: This is so fucked up. The Wall idea came about after 9/11 to reduce the likelihood of terrorists sneaking in from Mexico. Now it's morphed into a statement that all Mexicans are criminals, blah, blah, blah. Thank Trump for clouding this issue and broad-brushing all Mexicans for the acts of very few, but even so, get a fucking grip, people. Secure borders are neither racist, nor a bad thing.
I was with you until the last sentence. While true that the act of securing the border is not racist (it was the way Trump talked about it that was racist), a wall won't help that. A high percentage of illegal immigrants entered the country legally.
Reducing government revenues is a great way to encourage reduction of government expenses.
Yeah like building a wall along the Mexican border.
We don't have to build a wall.
Drones with machine guns and missiles would work just fine.
Jesus: This is so fucked up. The Wall idea came about after 9/11 to reduce the likelihood of terrorists sneaking in from Mexico. Now it's morphed into a statement that all Mexicans are criminals, blah, blah, blah. Thank Trump for clouding this issue and broad-brushing all Mexicans for the acts of very few, but even so, get a fucking grip, people. Secure borders are neither racist, nor a bad thing.
I was with you until the last sentence. While true that the act of securing the border is not racist (it was the way Trump talked about it that was racist), a wall won't help that. A high percentage of illegal immigrants entered the country legally.
The wall is a solution to a problem that peaked 10 years ago. There are an infinite number of things we'd be better off doing with the $50B.
I think the percentage is higher than that. But regardless, since 08, there has been a net migration of Mexicans out of America. So really all we'd do is keep them in.
Reducing government revenues is a great way to encourage reduction of government expenses.
Yeah like building a wall along the Mexican border.
We don't have to build a wall.
Drones with machine guns and missiles would work just fine.
Jesus: This is so fucked up. The Wall idea came about after 9/11 to reduce the likelihood of terrorists sneaking in from Mexico. Now it's morphed into a statement that all Mexicans are criminals, blah, blah, blah. Thank Trump for clouding this issue and broad-brushing all Mexicans for the acts of very few, but even so, get a fucking grip, people. Secure borders are neither racist, nor a bad thing.
Building a wall with Mexico is not a great way to solve a problem of terrorists arriving by trebuchet from Canada IMO.
Reducing government revenues is a great way to encourage reduction of government expenses.
Yeah like building a wall along the Mexican border.
We don't have to build a wall.
Drones with machine guns and missiles would work just fine.
Jesus: This is so fucked up. The Wall idea came about after 9/11 to reduce the likelihood of terrorists sneaking in from Mexico. Now it's morphed into a statement that all Mexicans are criminals, blah, blah, blah. Thank Trump for clouding this issue and broad-brushing all Mexicans for the acts of very few, but even so, get a fucking grip, people. Secure borders are neither racist, nor a bad thing.
I was with you until the last sentence. While true that the act of securing the border is not racist (it was the way Trump talked about it that was racist), a wall won't help that. A high percentage of illegal immigrants entered the country legally.
You'll note that I'm not endorsing the Wall. I specifically said "The Wall idea" and endorsed "secure borders."
Equally interesting is how mass deportations of Mexicans began under Bill Clinton after Oklahoma City. But that's inconvenient.
We have as many as 30+ million illegals. Haven't you noticed they've used 11 million number for more than a decade? What they stopped sneaking in? We can't absorb this many illegals. It's suicide for our country. they already overwhelm services in most border states and the education systems. Costs California billions a year.
Reducing government revenues is a great way to encourage reduction of government expenses.
Yeah like building a wall along the Mexican border.
We don't have to build a wall.
Drones with machine guns and missiles would work just fine.
Jesus: This is so fucked up. The Wall idea came about after 9/11 to reduce the likelihood of terrorists sneaking in from Mexico. Now it's morphed into a statement that all Mexicans are criminals, blah, blah, blah. Thank Trump for clouding this issue and broad-brushing all Mexicans for the acts of very few, but even so, get a fucking grip, people. Secure borders are neither racist, nor a bad thing.
I was with you until the last sentence. While true that the act of securing the border is not racist (it was the way Trump talked about it that was racist), a wall won't help that. A high percentage of illegal immigrants entered the country legally.
Comments
Drones with machine guns and missiles would work just fine.
China built a wall 5,000 years ago. Better idea. Like trump said, no Mexicans in China.
Though, building a wall could create jobs but who wants jobs from the public sector? Fuck that! You know it would take 10 years to build with 5 guys standing around watching another guy dig dirt.
OR get a 3-d printer to build the wall. If you really really want a wall.
The wall is a solution to a problem that peaked 10 years ago. There are an infinite number of things we'd be better off doing with the $50B.
Equally interesting is how mass deportations of Mexicans began under Bill Clinton after Oklahoma City. But that's inconvenient.
It's not immigration it's an invasion.