| CURRENT EVENTS Lets raise taxes...

planomateo

Thread Starter
Scholarship Club
This is the best idea the democrats have?

Raising taxes is bad for inflation, not good for it. Good grief, it's not this hard.

They've run us into a ditch and now their going to hit every tree and obstacle they can.
 
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rocknthefreeworld

Century Club
Modern Monetary Theory. Leftists love it lately. Basically, everything is caused by not enough government spending or too much consumer spending. Unemployment high? That's because you are taxing too much and not spending enough. Inflation going up? Consumers have too much disposable income. Taxes need to be raised and government spending lowered.

MMT also says that the government debt doesn't matter because the government can always print however much it needs.
 

planomateo

Thread Starter
Scholarship Club
My costs...

Gasoline has increase 150% in 12 months.
Propane has increased 167% in 12 months.
Groceries have increased a ridiculous amount. Chicken, bacon, beef, have skyrocketed. I haven't calculated buy how much. I suspect chicken here has gone up 200%, bacon probably 100% increase or more. I've got almost 2 cows in the freezer.

Yeah, let's raise taxes, because we aren't paying enough already.
 

BamaMD

Sideline Club
I usually don't post on these issues because most seem to take a Republican vs Democrat approach, but I'm here to say they ALL have f@cked us. This is a socioeconomic issue and the vast majority of Americans are on the losing end. Washington has played the Amercian people against each other to the tune of almost 31 trillion dollars and we are the ones paying for it. They refuse to improve health care, our decaying infrastructure, the rising cost of college education, public education, climate or anything else. Social Security is set to run out of money around 2034 and their idea is to raise the age to receive benefits. Do you think any of those politicians in Washington, both Republican and Democrat, are worrying about having health care? Or paying college tuition for their kids? Or how they are going to pay their f@cking bills? The answer is NO! We are the one's holding the bill for all this sh!t! How many of you guys got any Covid Relief Money? Any PPP Loans? I didn't get a dime, yet my taxes went up this year! This entire system is broken and I personally don't trust any politician to fix it. Its time We The People take back our government because this is not how it's meant to run and that's speaking to all republicans and democrats. We need a clean slate. We need term limits for Congress. We need complete transparency in Washington. We need complete vetting of all candidates. We need lobbyist out of Washington. We need open books for Super PACS and any other money entity associated with politics and politicians. We need people that truly care about our Country. We The People. WE THE PEOPLE! Not we the rich and entitled! Not we the evil and corrupt! Its time we wise up because we are losing and I promise you none of those people we call leaders across both isles give a damn unless it benefits them.
 

rocknthefreeworld

Century Club
I'm here to say they ALL have f@cked us. This is a socioeconomic issue and the vast majority of Americans are on the losing end.

I will say that the Dems are purposefully doing it now in order to create a deeper crisis so they can institute as much socialism as possible, of course with a "social justice" bent. Republicans are just greedy.

Hell, I am at the point where I am starting to want the health care most of Europe has because my premiums and out of pocket costs keep going up but my care is getting worse in many cases.
 

It Takes Eleven

Quoth the Raven...
Scholarship Club
IF (and that's a mythical IF for our current state of affairs), you raised taxes, reduced spending and used the surplus to pay down the National Debt, it would reduce the money supply and have an impact on inflation. These last two things are not going to happen, so it's all academic. In the current environment, the government will take your money and spend it as they see fit - and as you would never spend it - so it's a fallacy and lie for politicians to say it will reduce inflation.

The bond buying program the Fed had been doing '08 or so has had the same effect as deficit spending, dumping cash into the economy. They started tapering their purchases, but I don't think they ever completely stopped before the pandemic, then they went all in, buying another $6 trillion. They just stopped that buying program last month. I expect they will take so long to sell these bonds that many will just pay out. I

I see no way out of our current Federal balance sheet without significant pain for us. Most politicians do not have the will to this.

On a side note, I picked up Fortitude by Dan Crenshaw some months ago, read the first two chapters and put it down my stack. I picked it back up yesterday evening and finished it. Crenshaw is a patriot, a thinker, and he's not afraid to mix and take in the views of those with which he disagrees. So much good stuff in that book about how both fringes - right and left - want us to get emotional, quickly, about issues as soon as we get the first take on it from our preferred media outlet. I put my faith in no man, but if we had more like him in Congress we'd be in better shape than now. As many Seals are, he's driven self-promoter, but I'd rather have a self-promoting Seal than most of these self-promoting clowns.

RTR,

Tim
 

It Takes Eleven

Quoth the Raven...
Scholarship Club
I will say that the Dems are purposefully doing it now in order to create a deeper crisis so they can institute as much socialism as possible, of course with a "social justice" bent. Republicans are just greedy.

Hell, I am at the point where I am starting to want the health care most of Europe has because my premiums and out of pocket costs keep going up but my care is getting worse in many cases.
This has been the Democrats' goal. Completely break it so they can have everyone on their knee to the government.
 

planomateo

Thread Starter
Scholarship Club
IF (and that's a mythical IF for our current state of affairs), you raised taxes, reduced spending and used the surplus to pay down the National Debt, it would reduce the money supply and have an impact on inflation. These last two things are not going to happen, so it's all academic. In the current environment, the government will take your money and spend it as they see fit - and as you would never spend it - so it's a fallacy and lie for politicians to say it will reduce inflation.

The bond buying program the Fed had been doing '08 or so has had the same effect as deficit spending, dumping cash into the economy. They started tapering their purchases, but I don't think they ever completely stopped before the pandemic, then they went all in, buying another $6 trillion. They just stopped that buying program last month. I expect they will take so long to sell these bonds that many will just pay out. I

I see no way out of our current Federal balance sheet without significant pain for us. Most politicians do not have the will to this.

On a side note, I picked up Fortitude by Dan Crenshaw some months ago, read the first two chapters and put it down my stack. I picked it back up yesterday evening and finished it. Crenshaw is a patriot, a thinker, and he's not afraid to mix and take in the views of those with which he disagrees. So much good stuff in that book about how both fringes - right and left - want us to get emotional, quickly, about issues as soon as we get the first take on it from our preferred media outlet. I put my faith in no man, but if we had more like him in Congress we'd be in better shape than now. As many Seals are, he's driven self-promoter, but I'd rather have a self-promoting Seal than most of these self-promoting clowns.

RTR,

Tim
His podcast is worth a listen. I don't always agree with him, but I appreciate him being a bit transparent.

 

rocknthefreeworld

Century Club
This has been the Democrats' goal. Completely break it so they can have everyone on their knee to the government.
And it works. As they make the healthcare system "better", more and more get shit on so badly they will take whatever relief they can. Most years I pay premiums for insurance that doesn't really pay anything out because I don't reach the deductible. I used to pay $20 to see a doctor and little of nothing for hospital stays. Now I am at least $12K in the hole before the insurance pays anything and even then I pay 20% + anything over their allowable.
 

PurlJam

Bama Club
Cut their pay.... IMO not a single one of them is worth a 6 figure income. Pay all of them like 70 to 80K a year. You'll see them bailing out of the house and senate like rats from a sinking ship.
 

planomateo

Thread Starter
Scholarship Club
I was a big proponent of term limits, but have been convinced that we the people are responsible for term limits via a vote.

Term limits shift power to lobbyist more and away from the voters.
 

bama alum

Scholarship Club
Dummycrats' simplified tax document:

Line 1: How much did you make last year? ________________

Line 2: Send it in.




BamaMD's exactly right. Neither side of the aisle gives a flying **** about any of us. They're all lining their pockets. @planomateo , you're right. Term limits are on us, the people. But what do Americans do? We just keep re-electing the same :poop:heads every election cycle.
 

rocknthefreeworld

Century Club
I was a big proponent of term limits, but have been convinced that we the people are responsible for term limits via a vote.
Since there is no way to do it without amending the constitution, and Congress is not going to vote to limit their own terms nor will they ever allow a Constitutional Convention to happen, we definitely are the term limits. Unfortunately, while people hate Congress they also seem to think their Congresscritters are not the ones who are the problem.
 
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