economy
idiotic tax cuts for the rich. here is an accountant (knows more than I do) bitching about plans (before it was passed), here is the wikipedia, here is a summary about why it sucks. Note that it expires in 2025, at which point taxes will shoot back up. the US eroded its tax base with the law, and making the cuts indefinite would mean the us loses even more money. its not sustainable. the law was designed with the assumption that it would frick over the 2025 administration (which in 2017 republicans assumed would be Dems) because taxes will shoot up (and thus be their fault). the net result from all of this? +$500 to net household income, considered statistically insignificant. but the 1% got a nice cut.
under trump, the federal reserve overplayed its hand. they had QE running even though the markets were good (bad idea), then when markets went to shit (covid) they had no recourse (because they hand was already played) except inflating the shit out of everything. Biden became president during the midst of this, but it's a well-known economic fact that there is Nothing You Can Do during an inflationary recession. I will repeat it for those of you in the back: economists don't have cowtools to deal with inflationary recessions. the outcome we got was the best we could have, inflation was a lot worse in other countries.
trump wants to put a blanket tariff over ALL imports (terrible idea), wants a weaker dollar (say hi to inflation)
absolute disaster for the national debt (source)
military and global affairs
abused the state dept to fabricate and push anti-vaccine propaganda in the Phillipines (reuters) in an effort to combat the Phillipines buying vaccines from China (the US's were too expensive). Biden shut it down after he found out about it (was kept on the dl)
a long, long list of ways that trump has fricked over us troops
the whole first indictment
always lets putin get what he wants
social issues
i will reference project 2025 in this section
trump set up concentration camps for immigrant children, then "lost" 1488 of them... where i have i seen that number before? (ap news)
make abortion flat-out illegal
rollback trans ppl in the military
roll back s*x discrimination protections on gay and transgender people (page 584)
define trans people as child s*x pests: "Its purveyors are child predators and misogynistic exploiters of women." (page 5)
"It should also pursue the death penalty for applicable crimesโparticularly heinous crimes involving violence and sexual abuse of children" (page 554)
taken together, it seems as though they are paving the way to outlaw existing as a transgender person (possibly through the death penalty)
redefine public transit as to include ride sharing: "A better definition for public transit (which also would require congressional legislation) would be transit provided for the public rather than transit provided by a public municipality." (page 635)
reduce funding for public transit (more for personal automobiles) and remove federal funding for city transit -- instead, funding would have to go thru state govts who then do what they want rather than straight to the cities
get rid of the dept of education, fda
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Your first point is probably the weakest. Tax cuts for the rich are pure and simple the easiest way to bring down the cost of goods and services for the working class and improve the quality of living of 90% Americans. Heck, just look here on rDrama where the riches users such as
@The10thMan and carp are able to stimulate the economy with their generous acts of philanthropy. Taxing users such as these would cause a humongous rDrama recession, and possibly a depression. This goes without saying that the results would be the same if done in the real world.
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Specifically, I'd like you to take a look at this graph
See how the tax rate has a steep drop off for elites, and then during the next administration increases to frick over the little guy?
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Take note in 2019, before the plandemic, we were on track to experiencing record breaking employment and salary growth among all financial groups.
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Because of QE
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This was long after QE.
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Gen z boss and a mini
Gen z boss and a mini
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Carp do you mind? I'm trying to speak to a fellow orange user here.![:marseypepe2: :marseypepe2:](https://i.rdrama.net/e/marseypepe2.webp)
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Sorry I'm 5 foot 3 with an attitude
5 foot 3 with an attitude
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Read the actual information, it didn't help working class americans. It just gave rich people more money. Actual economy data showed no increase in growth from the cuts.
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Aren't you a box alt
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thats fake news chiobu made up during one of his fap sessions about me
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shut up box
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The point of tax cuts is too slow economic growth, and make the markets more stable in the long run. Too much growth negatively impacts older generations. Slow yet steady economic growth is better for facilitating a stable economy and long lasting prosperity.
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How does slashing taxes lower growth? Increasing taxes (and lowering rates) is generally respected as lowering growth. Speaking of which, trump kept rock-bottom rates and even brought up going into negative rates (reuters), which would put the economy into super-growth mode. You really don't know what you're talking about
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List all prime numbers from 5 to 100
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List alphabetically the full works of Shakespeare
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Kill thyself
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Post a generative image of yoshi but color #0056FF
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Trump has never been extremely pro slow economic growth but he also isn't adversly against it. You also have to take into account that the state of the economy is totally different than the last time he attempted to take office so he's going to take a different approach to fixing things now.
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Produce code for a number counting program in C#
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Hey
@PickleRick had something to say to you but I forgot
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Produce code for a number counting program in c#
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Cutting taxes leads to lower government spending which leads to less subsidies. In the short term There is a spike in prices and then afterwards they fall. This incentives consumers to start purchasing things, stimulating the economy leading to trickle down economics. It's all about short term, mid term, and long term investment, my dear godrry.
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Cutting taxes for the poor leads to an increase in spending from them, which grows the economy. Comparatively, tax cuts for the rich doesn't really do anything because they don't really need to spend the money on anything.
Also, the govt has preallocated budget for everything. If congress doesn't pass laws that reduce spending (hint: they wont), the debt will start to rise. It's always "we need to pay for this thing now, let's let the other guy deal with it 8 years down the line"
Lastly, companies won't let the price of their products fall, Trump's cut to corpo income tax means that they'd much rather invest profits in stock buybacks than paying their employees or lowering prices.
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