GOP Tax Bill (Read 112495 times)

hvybarrels

Re: GOP Tax Bill
« Reply #100 on: December 22, 2017, 09:28:04 AM »
The thing is I'm a fiscal conservative. This is what we sound like.

I get where you are coming from about the media being full of crap. Just watched a couple seconds of The View where the ladies advocated giving Franken the benefit of the doubt while Moore should be dragged out of his house and beaten with sticks. They are so full of it's coming out of their ears, and I'm surprised they haven't blamed the tax cuts on Russia just yet.

Doesn't change the point that this is a terrible policy that sells out future generations and sends our debt back into trillions at a time when the BRICS are creating increasingly attractive alternative currencies and it's obvious from the latest UN embarrassment that we've lost our prestige. From an outsider's perspective investing in or doing business with the United States just got a whole lot riskier.
If you allow government to break the law for an "emergency" they will create "emergencies" to break the law.

Flapp_Jackson

Re: GOP Tax Bill
« Reply #101 on: December 22, 2017, 11:06:43 AM »
The thing is I'm a fiscal conservative. This is what we sound like.

I get where you are coming from about the media being full of crap. Just watched a couple seconds of The View where the ladies advocated giving Franken the benefit of the doubt while Moore should be dragged out of his house and beaten with sticks. They are so full of it's coming out of their ears, and I'm surprised they haven't blamed the tax cuts on Russia just yet.

Doesn't change the point that this is a terrible policy that sells out future generations and sends our debt back into trillions at a time when the BRICS are creating increasingly attractive alternative currencies and it's obvious from the latest UN embarrassment that we've lost our prestige. From an outsider's perspective investing in or doing business with the United States just got a whole lot riskier.

It's simple.  We can't pay off ANY of the debt unless there is positive and significant economic growth.

Obama spent TRILLIONS of our debt on economic stimulus programs that did nothing but pay off his big donors and unions (repeating myself?).

Trump knows you have to spend money to make money, but rather than the government decide which companies to bail out, he's bailing out the whole country.

For every problem, there is a process to find the optimum solution.  You look at possible alternatives, pick the one with the best chance of success, then you reevaluate and make changes if needed.

This tax bill will have deeply beneficial results to the economy in the short term.  That doesn't mean it's the last tax reform bill we will ever see.  I can foresee, once the economy is hitting 5% growth, there could be a need for further adjustments. 

We have to get there first.  Continuing with the Democrat's tax & spend policies is not the answer.  They never have been.  Government doesn't drive the economy.  It creates the playing field & the economic rules to play by.  It's up to the private sector to create the jobs, invest in the economy, and hit that 5% GDP growth.
The reasonable man adapts himself to the world;
the unreasonable one persists in trying to adapt the world to himself.
Therefore, all progress depends on the unreasonable man.
-- George Bernard Shaw

hvybarrels

Re: GOP Tax Bill
« Reply #102 on: December 22, 2017, 12:04:51 PM »
It's never worked like that before, but I suppose there's a first time for everything.
If you allow government to break the law for an "emergency" they will create "emergencies" to break the law.

Flapp_Jackson

Re: GOP Tax Bill
« Reply #103 on: December 22, 2017, 12:07:36 PM »
It's never worked like that before, but I suppose there's a first time for everything.

It's always worked like that.  No society has ever taxed themselves into prosperity.  It's a fact.
The reasonable man adapts himself to the world;
the unreasonable one persists in trying to adapt the world to himself.
Therefore, all progress depends on the unreasonable man.
-- George Bernard Shaw

punaperson

Re: GOP Tax Bill
« Reply #104 on: December 22, 2017, 12:26:05 PM »
It's always worked like that.  No society has ever taxed themselves into prosperity.  It's a fact.
I could be wrong (no evidence of that so far), but I think attempting to determine "facts" with a person who quotes Karl Marx with every post may be losing proposition.

Flapp_Jackson

Re: GOP Tax Bill
« Reply #105 on: December 22, 2017, 12:39:26 PM »
The reasonable man adapts himself to the world;
the unreasonable one persists in trying to adapt the world to himself.
Therefore, all progress depends on the unreasonable man.
-- George Bernard Shaw

hvybarrels

Re: GOP Tax Bill
« Reply #106 on: December 22, 2017, 01:42:53 PM »
Well you could prove me wrong and find a historical example of massive tax cuts that overwhelmingly benefit the wealthy. They are easy to find. Just look up recessions/depressions and work your way back a coupe of years.

And re: Marx just because his utopian model of a worker-owned state reliably cranks out brutal dictatorships doesn't mean his criticisms of unregulated capitalism weren't on point. You should read what he has to say about that some time. What if his ideas have been misrepresented and his name turned into a curse word designed to get you to stop thinking and trigger an angry emotional reaction? I'm sure his quote opposing gun control took most people on this page by surprise.
If you allow government to break the law for an "emergency" they will create "emergencies" to break the law.

Flapp_Jackson

Re: GOP Tax Bill
« Reply #107 on: December 22, 2017, 02:10:24 PM »
Well you could prove me wrong and find a historical example of massive tax cuts that overwhelmingly benefit the wealthy. They are easy to find. Just look up recessions/depressions and work your way back a coupe of years.

And re: Marx just because his utopian model of a worker-owned state reliably cranks out brutal dictatorships doesn't mean his criticisms of unregulated capitalism weren't on point. You should read what he has to say about that some time. What if his ideas have been misrepresented and his name turned into a curse word designed to get you to stop thinking and trigger an angry emotional reaction? I'm sure his quote opposing gun control took most people on this page by surprise.

Name one country that has used Marx's teachings to create a better, more productive society and economy.  Just one.

You argue maybe the opposition is "designed to get you to stop thinking and trigger an angry emotional reaction?"  You just illustrated the problem with Socialism.  It only works in theory.  Only academicians can argue for Socialism, because the application of it in real life always leads to one thing -- the oppression of the workers due to lower productivity facilitated by a norm that breads an unmotivated, resentful public.  Meanwhile, the people in charge of the central planning and control are living it up on the "profits" the government owned and controlled businesses eek out.

Morally, Socialism tried to sell itself as a utopian ideal, where we are all "our brothers' keepers."  In reality, the utopia fails to materialize, because individual freedom is quashed.  Capitalism is the most moral economic system we know of, because it gives people the freedom to participate to the level at which they are capable, and to either accept or reject the prices of goods and services as they choose.
The reasonable man adapts himself to the world;
the unreasonable one persists in trying to adapt the world to himself.
Therefore, all progress depends on the unreasonable man.
-- George Bernard Shaw

s197

Re: GOP Tax Bill
« Reply #108 on: December 22, 2017, 02:17:24 PM »
Lol @5% growth. Anyone who wants to put money on that let me know.

Trump is just another politician telling people what they want to hear rather than what they need to hear. We are a country with a massive debt overhang that cannot be serviced in any semblance of a normal interest rate environment. We have pulled all future growth forward via massive quantitative easing, which will leave a vacuum behind it.

Look to Japan if you want to see where we are headed. No signs of inflation other than the massive asset bubbles we've created. We are near full employment, so let me ask this, where is the supposed wage inflation that accompanies such a scenario?

Sent from my SM-G920V using Tapatalk

hvybarrels

Re: GOP Tax Bill
« Reply #109 on: December 22, 2017, 04:03:52 PM »
Don't know if anybody remembers taking Economics, but borrowing their terms might help explain the point. The wealthy can choose to spend their money or not, so their demand for goods and services is elastic. Poor people have trouble meeting all their expenses, which means their demand is inelastic. Therefore if you want a guaranteed stimulation of the economy vs. hoping people don't sit on their loot and refuse to play ball it would make much more sense to have a $15 national minimum wage hike. That comes with it's own set of problems, but by definition there are no easy answers when you are facing but a predicament (end of empire and the resulting collective decline in our standard of living).

And the United states is a system of mixed capitalism and socialism, because FDR created the New Deal to stop a brewing Communist revolution. Heads were about to roll after the Depression so he gave the ultra wealthy a choice of keeping most of their money or losing everything to the mob. Some of the ultra wealthy still didn't get it and were dragged kicking and screaming into adopting watered down socialist policies. They couldn't understand he was literally saving their lives.
If you allow government to break the law for an "emergency" they will create "emergencies" to break the law.

Inspector

Re: GOP Tax Bill
« Reply #110 on: December 22, 2017, 06:05:08 PM »
SCIENCE THAT CAN’T BE QUESTIONED IS PROPAGANDA!!!

Kuleana

Re: GOP Tax Bill
« Reply #111 on: December 22, 2017, 07:56:04 PM »
Name one country that has used Marx's teachings to create a better, more productive society and economy.  Just one.
China

ren

Re: GOP Tax Bill
« Reply #112 on: December 22, 2017, 07:57:45 PM »
Deeds Not Words

Kuleana

Re: GOP Tax Bill
« Reply #113 on: December 22, 2017, 08:37:48 PM »
:rofl: x infinity

I find your response amusing considering it is many Chinese nationals, who have acquired their weath from commerical activites based on China's version of a Marxist based economy, who are buying up much of the $1,000,000+ properties here in Hawaii.

Heavies

Re: GOP Tax Bill
« Reply #114 on: December 22, 2017, 08:42:46 PM »
Here's my take as an individual with a family.  I have more of my earned income in my pocket, thus I can save more of it, invest more of it, but more bullshit that is not food/water/housing. 

= growing economy = less deficit = better future

Problems come when politicians see a growing economy and use it to blow up spending in the hopes of reelection, on free shit for non earners. 

My remedy....   TERM LIMITS



Remove the incesent desire to buy votes for power, then there will be more incentive to balance a budget. 

Just my simplistic view, and in my experience simpler the better.
Go back to the Constitution word for word.

America is not broken

Heavies

Re: GOP Tax Bill
« Reply #115 on: December 22, 2017, 08:44:23 PM »
I find your response amusing considering it is many Chinese nationals, who have acquired their weath from commerical activites based on China's version of a Marxist based economy, who are buying up much of the $1,000,000+ properties here in Hawaii.


FacisizmoCapitalism

Kuleana

Re: GOP Tax Bill
« Reply #116 on: December 22, 2017, 08:56:31 PM »
FacisizmoCapitalism

That's the point.  China's economic model has elements of Marxism, Fascism, and Capitalism.

It is nearly impossible to have any pure economic -isms.

Flapp_Jackson

Re: GOP Tax Bill
« Reply #117 on: December 22, 2017, 09:34:53 PM »
I find your response amusing considering it is many Chinese nationals, who have acquired their weath from commerical activites based on China's version of a Marxist based economy, who are buying up much of the $1,000,000+ properties here in Hawaii.

You should look up Human Rights in China.  While the Centralize economy is doing well for the moment, and they went through a recent period of increasing the standard of living of the majority of workers, That growth rate of 7% is unsustainable.  Addidtionally, there is an average inflation rate of 7%, pretty much eliminating any future standard of living increases.

Their legal system, civil liberties such as freedom of religion, freedom of the press, freedom of the Internet, freedom of association, freedom of movement, treatment of rural workers, political freedom, executions, torture, and treatment of minorities are all areas that have been lagging behind the economic successes. 

So, you're right.  China is a good example of a Socialist economy -- it proves my point.  It is like all other Socialist countries where those at the top are sharing in the wealth unequally compared to the workers, while the workers are oppressed with their rights taken away in order to keep the state functioning.

 :thumbsup:

The reasonable man adapts himself to the world;
the unreasonable one persists in trying to adapt the world to himself.
Therefore, all progress depends on the unreasonable man.
-- George Bernard Shaw

Kuleana

Re: GOP Tax Bill
« Reply #118 on: December 22, 2017, 09:56:47 PM »
You should look up Human Rights in China.  While the Centralize economy is doing well for the moment, and they went through a recent period of increasing the standard of living of the majority of workers, That growth rate of 7% is unsustainable.  Addidtionally, there is an average inflation rate of 7%, pretty much eliminating any future standard of living increases.

As for human rights, I have been to China many times and I do not see the police brutality to minorities that I see in the US.  Speaking of the inflation rate, the unending printing of money by the US Federal Reserve, likewise, has and is continuing to deteriorate the purchasing power of US consumers.


Their legal system, civil liberties such as freedom of religion, freedom of the press, freedom of the Internet, freedom of association, freedom of movement, treatment of rural workers, political freedom, executions, torture, and treatment of minorities are all areas that have been lagging behind the economic successes. 

I am not saying I agree how they do things in China, but one should not use their own system to base their criticism of another nation.  Moreover, the US Government has too lax policy of illegal immigration, one of the highest rates of incarcerations of minorities, its own illegal record of torture, and ongoing encroachment of the Bill of Rights.


So, you're right.  China is a good example of a Socialist economy -- it proves my point.  It is like all other Socialist countries where those at the top are sharing in the wealth unequally compared to the workers, while the workers are oppressed with their rights taken away in order to keep the state functioning.

Is what you just described right above been happening to the citizens living in the US, regardless of whatever party was in power for the last few decades?

 :thumbsup:

Flapp_Jackson

Re: GOP Tax Bill
« Reply #119 on: December 22, 2017, 10:10:40 PM »


This was not a "compare and contrast the US with China" assignment.  The assignment was to evaluate China's Social and Economic environments as they relate to the teachings of Marx.  I.E. is China the utopia Marx predicted everyone would achieve when living in a Socialist state?

The criticism I stated are NOT based on comparisons with the US.  They are based on UN and other World organizations that grade countries on their adherence to standards of human rights and civil liberties.  So, you're right in saying we shouldn't base our criticisms on a US-China comparison.  And I did not.
The reasonable man adapts himself to the world;
the unreasonable one persists in trying to adapt the world to himself.
Therefore, all progress depends on the unreasonable man.
-- George Bernard Shaw