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Trumps tax cut buy votes???

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  • Chet Ruminski
    2018-10-22 09:28:33 AM
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    How many voters did Trump sway with his tax cuts and spending cut promise? There are a lot of very rich Democratics and Democratic politicians. Rich people are more likely to tell people how to live than help people to live.
  • Dockadams
    2018-10-22 03:35:16 PM
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    The top 1% benefits the most from Trump's tax cuts, which shouldn't surprise anyone. Are the top 1% Trump voters?

    Here's a Gallup poll, if anyone believes in polls.

    news.gallup.com/poll/151310/U.S.-Republ...

    "Top Earners Would See Bigger Tax Cuts Under Trump Plan"

    npr.org/2016/11/13/501739277/who-benefi...

    Once in a while, I'll enter a politician's name into the search bar, I typed Joe Biden net worth 2018 and he is worth around $900,000.00. Donald Trump sr. is worth around $3.5B, but that might not be correct because he's never released his tax documents.

    When Obama was running for office, right wing nut jobs posted videos of black people saying Obama was going to give free cellphones to everyone, they tried to make Obama look bad. The fact is that Bush 43 started to free access to phones for the less fortunate, right wing media hyped it up before Obama was elected, they conveniently left out the part that Bush 43 initiated the program.

    Voters should beware of politicians who make promises, like Trump.
  • TJ
    2018-10-22 05:48:49 PM
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    A little later we're going to help you but we need your votes in the midterms Now. Trust us, everybody benefits in a huge way.....

    Charlie Brown psychology at work. 5 cents.
  • Carlitos
    2018-10-23 10:50:17 PM
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    A gov’t spending cut is like a tax increase at the macro financial level.

    And the unemployed and lost output are part of the ‘size’ of gov’t.

  • Carlitos
    2018-10-23 11:00:42 PM
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    Both sides are incoherent on economics because they think and talk about government deficits as if we are still on a gold standard or fixed exchange regime.

  • Chet Ruminski
    2018-10-24 08:44:03 AM
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    Worst of all is the general pervasive ignorance of what an economy is. An economy is goods and services not artificially inflated stock prices.
  • Dutch
    2018-10-24 09:09:18 AM
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    Carlitos Wrote:

    Both sides are incoherent on economics because they think and talk about government deficits as if we are still on a gold standard or fixed exchange regime.

    Carlitos; yes it is incoherent, especially about the loan interests which have to be paid to foreign entities. You can't keep printing money either forever. Sorry we are being robbed all the way by a few who don't care about the future of this country.

    It will become just as Germany after the "war" the Deutsch Marks could only be used to wipe your ass.
  • Carlitos
    2018-10-25 11:09:24 PM
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    All government spending or lending is the equivalent of printing money (US dollars).

    All taxes paid or loans repaid to the government are like un-printing money (US dollars).

    The limit is inflation as we are constrained by real resources.

    Balanced budget myths or hard money advocacy has no place in progressive politics, and shouldn’t be allowed in Democratic Party circles.

    Weimar lost the bulk of their industrial capacity and was running deficits 50% of their GDP every month. Insiders at their central bank were also shorting the currency driving its value lower.

    Nobody is suggesting we do that. You are trivializing govt fiscal reality as the road to Weimar either not in good faith or out of pure ignorance. I suspect you are just cantankerous and unwilling to receive new information.

  • Chet Ruminski
    2018-10-26 08:58:26 AM
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    Money needs to be diverted to production of goods and services. Focusing financial services on money as a commodity is destroying the economy of the world. How much real tangible cash is stored in private safes? How much paper currency is out of the market?
  • Dutch
    2018-10-26 09:11:33 AM
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    Carlitos Wrote:

    All government spending or lending is the equivalent of printing money (US dollars).

    All taxes paid or loans repaid to the government are like un-printing money (US dollars).

    The limit is inflation as we are constrained by real resources.

    Balanced budget myths or hard money advocacy has no place in progressive politics, and shouldn’t be allowed in Democratic Party circles.

    Weimar lost the bulk of their industrial capacity and was running deficits 50% of their GDP every month. Insiders at their central bank were also shorting the currency driving its value lower.

    Nobody is suggesting we do that. You are trivializing govt fiscal reality as the road to Weimar either not in good faith or out of pure ignorance. I suspect you are just cantankerous and unwilling to receive new information.

    The future will tell the truth; you have no idea at all; guess what, ever looked at the economy of Venezuela? We will end up the same way under our present dictator; may be worse if we start some more wars.
  • Chet Ruminski
    2018-10-26 11:02:31 AM
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    Dutch Wrote:
    Carlitos Wrote:

    All government spending or lending is the equivalent of printing money (US dollars).

    All taxes paid or loans repaid to the government are like un-printing money (US dollars).

    The limit is inflation as we are constrained by real resources.

    Balanced budget myths or hard money advocacy has no place in progressive politics, and shouldn’t be allowed in Democratic Party circles.

    Weimar lost the bulk of their industrial capacity and was running deficits 50% of their GDP every month. Insiders at their central bank were also shorting the currency driving its value lower.

    Nobody is suggesting we do that. You are trivializing govt fiscal reality as the road to Weimar either not in good faith or out of pure ignorance. I suspect you are just cantankerous and unwilling to receive new information.

    The future will tell the truth; you have no idea at all; guess what, ever looked at the economy of Venezuela? We will end up the same way under our present dictator; may be worse if we start some more wars.

    Dutch said:

    "We will end up the same way under our present dictator"

    The entire world is headed for trouble unless money is invested in the economy instead of being held as the bank for the world derivative casino. Money is not a commodity, it is a means of exchange to facilitate the trading of goods and services.

  • Carlitos
    2018-10-26 11:59:52 PM
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    I’ve written and responded to questions about Venezuela. Their inflation problem is a result of the mismanagement of their real economy, their bizarre fixed exchange regime, borrowings in foreign currency, and a general dependence on oil revenues to pay for imports of basic consumer goods.
  • Chet Ruminski
    2018-10-27 12:16:54 AM
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    Carlitos Wrote: I’ve written and responded to questions about Venezuela. Their inflation problem is a result of the mismanagement of their real economy, their bizarre fixed exchange regime, borrowings in foreign currency, and a general dependence on oil revenues to pay for imports of basic consumer goods.

    General lack of planning. The whole financial world is lost without a plan.

    laissez-faire is an excuse/alibi for destroying life and spreading suffering. Money should be criminalized when treated as a commodity.
  • Chet Ruminski
    2018-10-27 01:01:21 AM
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    Carlitos Wrote: I’ve written and responded to questions about Venezuela. Their inflation problem is a result of the mismanagement of their real economy, their bizarre fixed exchange regime, borrowings in foreign currency, and a general dependence on oil revenues to pay for imports of basic consumer goods.
    Carlitos, Identifying all the contribtuting factors does not validate them. Inflation identified as the result of mismanagement of their real economy deserves an explanation in detail. The motives in Venezuela are no different than the motives in Norway. The difference in results is social.
  • Dutch
    2018-10-27 08:54:27 AM
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    Yes Chet, indeed if you have mismanagement, like what is also happening here i.e. all the corruption and no "real laws" to prevent such, then you may get the same situation as in any dictatorial country. If you create an lobsided economy which only caters to a few, then things will happen as in Venezuela.
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