We've Been DUPED, America!

originally posted by: Tempter
I just don't understand the Democrats right now. This is EVERYTHING you ever wanted in a tax plan. The rich keep paying the same or more and WE little people get to keep more of our money!

It's the most PROGRESSIVE tax plan I've ever seen!

So then, you have read all 500 pages, and have an understanding in tax law.

Could you please elaborate a little for all of us that have not had the opportunity to read all of it and understand it.

a reply to: ketsuko

I think most people would want fair. But the corps and weaponized media does many many things to make "fair" the bad guy.

a reply to: StallionDuck

Abolish Tax...

originally posted by: seasonal
a reply to: ketsuko

I think most people would want fair. But the corps and weaponized media does many many things to make "fair" the bad guy.

No, they've redefined "fair." "fair" now means a disproportionate burden on that guy because he can "afford" it.

originally posted by: olaru12
Whats to keep inflation from skyrocketing on fuel, groceries. Interest rates are going to go up as well. You do know how trickle down works don't you?

Apparently not.....

If you own your home refi now! If you rent, you're SOL and your rent increase will wipe out your pathetic rebate.

www.economicsandethics.org...

ok start the fake news chant....3.....2.....1.....

That is fake news because there won't be inflation like we had in the 80's. I'll explain when I can get back to my desk.

Wells Fargo is increasing its minimum wage to $15 and hour and AT&T is giving out bonuses to its employees.

That's trickle down.

Now stop imported labor, create a semi labor shortage and watch wages increase, pulling more people out of the low tax bracket.

Meanwhile, we need to stop perpetuating this idea that being a burger flipper is a viable career path. Every subsequent generation can flip our burgers while they go to school.

originally posted by: hopenotfeariswhatweneed

originally posted by: Tempter
I just don't understand the Democrats right now. This is EVERYTHING you ever wanted in a tax plan. The rich keep paying the same or more and WE little people get to keep more of our money!

It's the most PROGRESSIVE tax plan I've ever seen!

So then, you have read all 500 pages, and have an understanding in tax law.

Could you please elaborate a little for all of us that have not had the opportunity to read all of it and understand it.

I'll get to YOU in a minute.

originally posted by: Tempter

originally posted by: olaru12
Whats to keep inflation from skyrocketing on fuel, groceries. Interest rates are going to go up as well. You do know how trickle down works don't you?

Apparently not.....

If you own your home refi now! If you rent, you're SOL and your rent increase will wipe out your pathetic rebate.

www.economicsandethics.org...

ok start the fake news chant....3.....2.....1.....

That is fake news because there won't be inflation like we had in the 80's. I'll explain when I can get back to my desk.

ok, and while you're at it, explain to me how deregulation doesn't always result in a yugge inflationary spiral.

originally posted by: Tempter

originally posted by: olaru12
Whats to keep inflation from skyrocketing on fuel, groceries. Interest rates are going to go up as well. You do know how trickle down works don't you?

Apparently not.....

If you own your home refi now! If you rent, you're SOL and your rent increase will wipe out your pathetic rebate.

www.economicsandethics.org...

ok start the fake news chant....3.....2.....1.....

That is fake news because there won't be inflation like we had in the 80's. I'll explain when I can get back to my desk.

Okay, in the 1970's we were DYING from a crap economy primarily due to the over-regulated mess Carter's government put us in. Reagan came in and did the only thing he could to stimulate growth, he cut taxes. Unfortunately, it wasn't the best time to do that because thet Federal Reserve Interest Rate was climbing to a high not seen since WW2 and wouldn't be seen again.

The Federal Interest Rate is literally the only tool the central bank has to achieve it's dual-goal of a) stimulating economic development and b) ensuring a stable (non-bubble) economy. Now, I'll be the first to admit it DOESN'T do this but that's besides the point.

Now, in the 80's the Fed rate was at a high. See HERE.

Because of this, when stagflation kicked in because of the reasons you stated (spending outpaced revenue) the Fed rate HAD to come down, but it has to go down relatively slowly or we'll destroy the economy overnight. Unfortunately, as I said before, this was not the best time to cut taxes because it almost assured we would encounter stagflation (stagnant economy+inflation) because the Feds couldn't reduce the rate quick enough.


Now to today.

Today we are in the ENVIABLE position of a booming economy and LOW Federal Interest rates! It's the goddamn PERFECT time to cut taxes because the Fed Rate will continue to slowly INCREASE, balancing the booming economy in 2018!

It's frigging genius!

originally posted by: olaru12

originally posted by: Tempter

originally posted by: olaru12
Whats to keep inflation from skyrocketing on fuel, groceries. Interest rates are going to go up as well. You do know how trickle down works don't you?

Apparently not.....

If you own your home refi now! If you rent, you're SOL and your rent increase will wipe out your pathetic rebate.

www.economicsandethics.org...

ok start the fake news chant....3.....2.....1.....

That is fake news because there won't be inflation like we had in the 80's. I'll explain when I can get back to my desk.

ok, and while you're at it, explain to me how deregulation doesn't always result in a yugge inflationary spiral.

I hope I answered that for you in my last post.

originally posted by: Metallicus
a reply to: IgnoranceIsntBlisss

You can tax those who have TOO MUCH money without taxing businesses and maintain growth.

What is 'too much money'?

Who are you to say?

I aspire to BE a 1% not punish them.

Sounds like how everyone wants to be a Pharaoh Hollywood celebrity, but instead we're all a bunch of chumps on American Idol.

Here's what reality looks like:


And Every. Single. Year. the gap spreads in their favor.



They're waging economic warfare against We The Little People and its time we wake up to this fact.

Like I said:

The 1% continue to concentrate wealth, and on this course we're headed for Venezuela......

a reply to: Tempter

If we had a stable model your pie in the sky supply side dream might work. Just remember the stock market isn't the economy.

a reply to: IgnoranceIsntBlisss

It is easier to ignore the truth.

originally posted by: olaru12
a reply to: Tempter

If we had a stable model your pie in the sky supply side dream might work. Just remember the stock market isn't the economy.

Time will tell, but for at LEAST the next 4-5 years we are golden.

We need to bring down spending (at the Pentagon, to start) and with the Department of Defense audit results this will provide ample ammo. I'll be pulling for Dems on that one.

a reply to: LSU0408

According to this my mother will see no change in her taxes.
She does have to pay an extra 30$ a month for medicare starting january first.

So my mother a very poor women with dwarfism will see no benefit but will have to pay out an extra 30$ a month.

I hope the middle class and business got a better deal than that.

She did benefit from the aca so I don't know how the mandate repeal will effect her yet...

All currency enters circulation as a loan at interest
The money you are paid for work, the money you pay for food; all of it first entered the economy as a loan at interest
Loans to the US Government, loans to other banks, loans to businesses and loans to consumers. As that money circulates, passing from hand to hand to hand to hand, it accrues interest on that loan, which must eventually be repaid through higher prices and increased taxation. 10 trillion dollars with interest
We are all brain washed to beleave we are responsible for it.
Its real easy spending our money.....

originally posted by: scraedtosleep
a reply to: LSU0408

According to this my mother will see no change in her taxes.
She does have to pay an extra 30$ a month for medicare starting january first.

So my mother a very poor women with dwarfism will see no benefit but will have to pay out an extra 30$ a month.

I hope the middle class and business got a better deal than that.

She did benefit from the aca so I don't know how the mandate repeal will effect her yet...

And the money for the principal of the loan is "created" but no $$ for the interest. This leads to defaults.

a reply to: IgnoranceIsntBlisss

And what would you do?

Take it? That's theft. I don't care how immoral you think their wealth is. Taking it is still theft which is also immoral. Making theft legal doesn't change the immorality of theft anymore than making slavery legal made it moral.

You cannot impose your morality on others and make them moral or the things they do moral anymore than you can take immoral actions yourself and make it moral by making them legal.

Thank you very much for this breakdown, StallionDuck! Truly. And you made me laugh a few times, too, which I need, after seeing your chart that shows what the asshole Senators did. And what's worse is that, like you said, they dally around til the last-ass minute. On our dime! They dally around on our dimes. What the hell are we paying them for? (Apparently, we are paying them to act like horny jerks and then use more of our money to keep their victims quiet).

I'm in the middle of the lower-middle class range, so I'll get $1100, looks like. Not to be ungrateful but that's not even a months' rent, where I live. It will come in handy, for sure! I want it! I still feel jipped somehow, just a little. I don't know if I'm being an asshole by feeling that way, or not. Oh well.

a reply to: ketsuko

Okay well here is our future:



Glad I dont have kids.