Bernie SandersFS
Comments
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Those numbers are off by at least a factor of 10.
The US hasn't had personal income tax receipts that low since 1980. -
Thanks for pointing that out. Though the gist of the post is the same (Sanders wants to increase spending by $1.8 trillion per year and the nation doesn't have that money), I emailed the author for clarification.
Another thing to consider is that the deficit is abnormally low because of abnormally low interest rates on the debt. Should they normalize in the next few years (2018, 2019?), the deficit will increase significantly again due to higher debt service costs.UWhuskytskeet said:Those numbers are off by at least a factor of 10.
The US hasn't had personal income tax receipts that low since 1980. -
I'm sure a guy with his own wordpress account is an expert on US economics and what would happen if tax rates were increased for the top 1%
http://www.nytimes.com/2015/10/17/business/putting-numbers-to-a-tax-increase-for-the-rich.html?hp&action=click&pgtype=Homepage&module=first-column-region®ion=top-news&WT.nav=top-news&_r=0
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Yes. Because if you raise taxes the only thing that happens is the government gets more money.OZONE said:I'm sure a guy with his own wordpress account is an expert on US economics and what would happen if tax rates were increased for the top 1%
http://www.nytimes.com/2015/10/17/business/putting-numbers-to-a-tax-increase-for-the-rich.html?hp&action=click&pgtype=Homepage&module=first-column-region®ion=top-news&WT.nav=top-news&_r=0
"All else being equal".
As if the NY Times as anymore credibility than a Wordpress blogger. -
The immorality, oppression, and violence expressed by Sanders is astonishing. They "tolerant and peaceful" left are some of the most vile, intolerant, violent people I have ever met.
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Shirley he is correct
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I did receive an email back from the author and he said the chart is from the IRS.
I guess that kind of reinforces the argument that the government invariably screws up / gets things wrong. Shocking I know, wiw. -
And now that page can't be found when you click the link. At least they pulled the page when they realized they were full of shit.HFNY said:I did receive an email back from the author and he said the chart is from the IRS.
I guess that kind of reinforces the argument that the government invariably screws up / gets things wrong. Shocking I know, wiw.
Sometimes there's a common sense factor.... That surely failed here. -
FIFY2001400ex said:
And now that page can't be found when you click the link. At least they pulled the page when they realizedHFNY said:I did receive an email back from the author and he said the chart is from the IRS.
I guess that kind of reinforces the argument that the government invariably screws up / gets things wrong. Shocking I know, wiw.they werethe IRS is full of shit.
Sometimes there's a common sense factor....ThatThe IRS surely failed here. -
As did the people who wrote the article. Clearly everything you read on the internet is true.HFNY said:FIFY
2001400ex said:
And now that page can't be found when you click the link. At least they pulled the page when they realizedHFNY said:I did receive an email back from the author and he said the chart is from the IRS.
I guess that kind of reinforces the argument that the government invariably screws up / gets things wrong. Shocking I know, wiw.they werethe IRS is full of shit.
Sometimes there's a common sense factor....ThatThe IRS surely failed here.
