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Popular tax plan

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  • UW_Doog_Bot
    UW_Doog_Bot Member, Swaye's Wigwam Posts: 18,610 Founders Club

    Swaye said:

    I don't know a single person who doesn't like the tax cuts. Poor people. Wealthy people. Black people. White devils. Every single person I have ever spoken with about them likes them. Where are all these people who hate their own money?

    I think they are overrated, but then again I tend to be BRB, JO about the prospect of a balanced budget (never will happen but I can still fantasize). Tax cuts = Fast Strategy. Fiscal sanity = Slow Strategy.
    Tax cuts(within reason and ceteris paribus) = growth

    Growth = debt as a smaller portion of revenue/GDP

    Also, when the world stops letting the US service their debt at negative interest rates THEN we should balance the budget. Who would turn down a loan at a -1.5% rate...
  • 2001400ex
    2001400ex Member Posts: 29,457

    Swaye said:

    I don't know a single person who doesn't like the tax cuts. Poor people. Wealthy people. Black people. White devils. Every single person I have ever spoken with about them likes them. Where are all these people who hate their own money?

    I think they are overrated, but then again I tend to be BRB, JO about the prospect of a balanced budget (never will happen but I can still fantasize). Tax cuts = Fast Strategy. Fiscal sanity = Slow Strategy.
    Tax cuts(within reason and ceteris paribus) = growth

    Growth = debt as a smaller portion of revenue/GDP

    Also, when the world stops letting the US service their debt at negative interest rates THEN we should balance the budget. Who would turn down a loan at a -1.5% rate...
    Not when the deficit is much larger than the growth rate. As it is right now.
  • 2001400ex
    2001400ex Member Posts: 29,457

    2001400ex said:

    Swaye said:

    I don't know a single person who doesn't like the tax cuts. Poor people. Wealthy people. Black people. White devils. Every single person I have ever spoken with about them likes them. Where are all these people who hate their own money?

    I think they are overrated, but then again I tend to be BRB, JO about the prospect of a balanced budget (never will happen but I can still fantasize). Tax cuts = Fast Strategy. Fiscal sanity = Slow Strategy.
    Tax cuts(within reason and ceteris paribus) = growth

    Growth = debt as a smaller portion of revenue/GDP

    Also, when the world stops letting the US service their debt at negative interest rates THEN we should balance the budget. Who would turn down a loan at a -1.5% rate...
    Not when the deficit is much larger than the growth rate. As it is right now.
    If Obama couldn't get it fixed, no one can
    How is Trump doing on the deficit? I'm not sure that's an argument you want to make.
  • Baphomet
    Baphomet Member Posts: 1,511
    Swaye said:

    I don't know a single person who doesn't like the tax cuts. Poor people. Wealthy people. Black people. White devils. Every single person I have ever spoken with about them likes them. Where are all these people who hate their own money?

    Short term, sure. Long term, this will drive up interest rates (because it will increase federal borrowing), which will hurt home buyers, and home sellers hoping to retire on the sale of their homes in the next few years as prices decline.
  • GrundleStiltzkin
    GrundleStiltzkin Member Posts: 61,516 Standard Supporter
    2001400ex said:

    2001400ex said:

    Swaye said:

    I don't know a single person who doesn't like the tax cuts. Poor people. Wealthy people. Black people. White devils. Every single person I have ever spoken with about them likes them. Where are all these people who hate their own money?

    I think they are overrated, but then again I tend to be BRB, JO about the prospect of a balanced budget (never will happen but I can still fantasize). Tax cuts = Fast Strategy. Fiscal sanity = Slow Strategy.
    Tax cuts(within reason and ceteris paribus) = growth

    Growth = debt as a smaller portion of revenue/GDP

    Also, when the world stops letting the US service their debt at negative interest rates THEN we should balance the budget. Who would turn down a loan at a -1.5% rate...
    Not when the deficit is much larger than the growth rate. As it is right now.
    If Obama couldn't get it fixed, no one can
    How is Trump doing on the deficit? I'm not sure that's an argument you want to make.
    If future Rushmore chinductee Obama only made the deficit worse, despite his best heroic, learned and professorial efforts, how can we expect the biggest buffoon ever in the office to do any better? Game over man. #WeAreASubSaharanCountry
  • 2001400ex
    2001400ex Member Posts: 29,457

    2001400ex said:

    2001400ex said:

    Swaye said:

    I don't know a single person who doesn't like the tax cuts. Poor people. Wealthy people. Black people. White devils. Every single person I have ever spoken with about them likes them. Where are all these people who hate their own money?

    I think they are overrated, but then again I tend to be BRB, JO about the prospect of a balanced budget (never will happen but I can still fantasize). Tax cuts = Fast Strategy. Fiscal sanity = Slow Strategy.
    Tax cuts(within reason and ceteris paribus) = growth

    Growth = debt as a smaller portion of revenue/GDP

    Also, when the world stops letting the US service their debt at negative interest rates THEN we should balance the budget. Who would turn down a loan at a -1.5% rate...
    Not when the deficit is much larger than the growth rate. As it is right now.
    If Obama couldn't get it fixed, no one can
    How is Trump doing on the deficit? I'm not sure that's an argument you want to make.
    If future Rushmore chinductee Obama only made the deficit worse, despite his best heroic, learned and professorial efforts, how can we expect the biggest buffoon ever in the office to do any better? Game over man. #WeAreASubSaharanCountry
    While Obama was shitty on the deficit. The deficit basically went down every year of his presidency.
  • GrundleStiltzkin
    GrundleStiltzkin Member Posts: 61,516 Standard Supporter
    2001400ex said:

    2001400ex said:

    2001400ex said:

    Swaye said:

    I don't know a single person who doesn't like the tax cuts. Poor people. Wealthy people. Black people. White devils. Every single person I have ever spoken with about them likes them. Where are all these people who hate their own money?

    I think they are overrated, but then again I tend to be BRB, JO about the prospect of a balanced budget (never will happen but I can still fantasize). Tax cuts = Fast Strategy. Fiscal sanity = Slow Strategy.
    Tax cuts(within reason and ceteris paribus) = growth

    Growth = debt as a smaller portion of revenue/GDP

    Also, when the world stops letting the US service their debt at negative interest rates THEN we should balance the budget. Who would turn down a loan at a -1.5% rate...
    Not when the deficit is much larger than the growth rate. As it is right now.
    If Obama couldn't get it fixed, no one can
    How is Trump doing on the deficit? I'm not sure that's an argument you want to make.
    If future Rushmore chinductee Obama only made the deficit worse, despite his best heroic, learned and professorial efforts, how can we expect the biggest buffoon ever in the office to do any better? Game over man. #WeAreASubSaharanCountry
    While Obama was shitty on the deficit. The deficit basically went down every year of his presidency.
    Again, if Obama couldn't, no one can. Well, of course Hillary or Warren, but this country is far too sexist to elect them, despite all the good those women would do for the deficit.
  • greenblood
    greenblood Member Posts: 14,572
    edited June 2018
    Baphomet said:

    Swaye said:

    I don't know a single person who doesn't like the tax cuts. Poor people. Wealthy people. Black people. White devils. Every single person I have ever spoken with about them likes them. Where are all these people who hate their own money?

    Short term, sure. Long term, this will drive up interest rates (because it will increase federal borrowing), which will hurt home buyers, and home sellers hoping to retire on the sale of their homes in the next few years as prices decline.
    You realize interest rates are still extremely low historically?

    However, rising interests rates do suck because it drives more Californian’s up here. Get off my state!!!
  • Sledog
    Sledog Member Posts: 38,727 Standard Supporter
    2001400ex said:

    2001400ex said:

    2001400ex said:

    Swaye said:

    I don't know a single person who doesn't like the tax cuts. Poor people. Wealthy people. Black people. White devils. Every single person I have ever spoken with about them likes them. Where are all these people who hate their own money?

    I think they are overrated, but then again I tend to be BRB, JO about the prospect of a balanced budget (never will happen but I can still fantasize). Tax cuts = Fast Strategy. Fiscal sanity = Slow Strategy.
    Tax cuts(within reason and ceteris paribus) = growth

    Growth = debt as a smaller portion of revenue/GDP

    Also, when the world stops letting the US service their debt at negative interest rates THEN we should balance the budget. Who would turn down a loan at a -1.5% rate...
    Not when the deficit is much larger than the growth rate. As it is right now.
    If Obama couldn't get it fixed, no one can
    How is Trump doing on the deficit? I'm not sure that's an argument you want to make.
    If future Rushmore chinductee Obama only made the deficit worse, despite his best heroic, learned and professorial efforts, how can we expect the biggest buffoon ever in the office to do any better? Game over man. #WeAreASubSaharanCountry
    While Obama was shitty on the deficit. The deficit basically went down every year of his presidency.
    Yeah it went down so much the deficit only doubled under his leadership. Spent more than all previous presidents combined. Math much?