Anti socialists: https://www.elibrary.imf.org/view/journ ... 001-en.xmlold salt wrote: ↑Mon Mar 25, 2024 2:38 amUser fees are anti-socialism. You think fuel, oil & steel subsidies don't benefit the RR's too? You ignore the subsidies to things you prefer, including those that benefit your business. I was educated, trained & employed in a highly selective & competitive meritocracy. You ever heard of up or out. My pension does not cover the taxes on my savings & investments, mostly from my private earnings & decades of earnings invested. I'm grateful to have survived to enjoy it.a fan wrote: ↑Mon Mar 25, 2024 2:32 amRight. Now your'e telling us that the Government owned and operated roads .....that you happen to like....aren't the literal definition of socialism.
Or that you aren't a socialist, educated by the Government, trained by the Government, and employed by the Government, with a Government pension....and my 25 year old private business that I own and operate "doesn't count" as a Privately owned business...and you think that I'm the socialist, not you.
Sorry man....not only are you not this stupid.....NO ONE is this stupid.
Gaslighting. Years of it now.
2024
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Re: 2024
“I wish you would!”
- youthathletics
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- Joined: Mon Jul 30, 2018 7:36 pm
Re: 2024
I'd argue they must first serve those places as destinations, THEN they can spawn out to more rural locales, otherwise there'd be very little incentive (financially) to even build. If you expand the conversation in that thread in the link I provided, they talk about the prices and time to travel.a fan wrote: ↑Sun Mar 24, 2024 10:01 pmWrong cities.youthathletics wrote: ↑Sun Mar 24, 2024 1:24 pm I'd love a fast train option...someone pulled together some data points:
https://www.quora.com/How-long-would-th ... ain-system
This is one big reason why Republican voters don't want it, btw. Those are all "lib cities" listed.
As usual, Dems and Libs are HORRIBLE at sales pitches.
A fraudulent intent, however carefully concealed at the outset, will generally, in the end, betray itself.
~Livy
“There are two ways to be fooled. One is to believe what isn’t true; the other is to refuse to believe what is true.” -Soren Kierkegaard
~Livy
“There are two ways to be fooled. One is to believe what isn’t true; the other is to refuse to believe what is true.” -Soren Kierkegaard
- MDlaxfan76
- Posts: 27113
- Joined: Wed Aug 01, 2018 5:40 pm
Re: 2024
incorrect, go back to google.cradleandshoot wrote: ↑Sun Mar 24, 2024 11:38 pm Unless what I read recently is incorrect is our debt now increases at 1 trillion dollars every 100 days. So that 600 billion for maintenance is growing by leaps and bounds. I guess DC is so preoccupied with the southern border that no one is paying attention to the nations credit card.
We've had bursts of increases in debt, but the general pace is not nearly that fast.
Biggest issue is the huge reduction in tax rates. Hard for me to say that, but it's the reality.
Re: 2024
How many times have I told the Forum that we're paying HALF the effective income tax rate that we were under Clinton.MDlaxfan76 wrote: ↑Mon Mar 25, 2024 10:19 am Biggest issue is the huge reduction in tax rates. Hard for me to say that, but it's the reality.
Which is why when I hear Republicans feign concern over the deficit I know they are LYING.
Because the FIRST step to reducing/eliminating our debt and deficit is to double our effective income tax rates, so that we pay REASONABLE tax levels that we managed to pay without the Republican falling for DECADES.
Try telling that to Republican leaders or voters. They think taxes are a communist plot, no exaggeration. Don't believe me? Ask them.
Second step is spending. Let's use Reagan as the bar, since he has been Sainted by the R party: his spending after his policies kicked it was around 22% of GDP.
Anyone know what we spent in 2023?
- MDlaxfan76
- Posts: 27113
- Joined: Wed Aug 01, 2018 5:40 pm
Re: 2024
22.4a fan wrote: ↑Mon Mar 25, 2024 10:54 amHow many times have I told the Forum that we're paying HALF the effective income tax rate that we were under Clinton.MDlaxfan76 wrote: ↑Mon Mar 25, 2024 10:19 am Biggest issue is the huge reduction in tax rates. Hard for me to say that, but it's the reality.
Which is why when I hear Republicans feign concern over the deficit I know they are LYING.
Because the FIRST step to reducing/eliminating our debt and deficit is to double our effective income tax rates, so that we pay REASONABLE tax levels that we managed to pay without the Republican falling for DECADES.
Try telling that to Republican leaders or voters. They think taxes are a communist plot, no exaggeration. Don't believe me? Ask them.
Second step is spending. Let's use Reagan as the bar, since he has been Sainted by the R party: his spending after his policies kicked it was around 22% of GDP.
Anyone know what we spent in 2023?
https://fred.stlouisfed.org/series/FYONGDA188S
Re: 2024
Hey, how about that?MDlaxfan76 wrote: ↑Mon Mar 25, 2024 11:06 am22.4a fan wrote: ↑Mon Mar 25, 2024 10:54 amHow many times have I told the Forum that we're paying HALF the effective income tax rate that we were under Clinton.MDlaxfan76 wrote: ↑Mon Mar 25, 2024 10:19 am Biggest issue is the huge reduction in tax rates. Hard for me to say that, but it's the reality.
Which is why when I hear Republicans feign concern over the deficit I know they are LYING.
Because the FIRST step to reducing/eliminating our debt and deficit is to double our effective income tax rates, so that we pay REASONABLE tax levels that we managed to pay without the Republican falling for DECADES.
Try telling that to Republican leaders or voters. They think taxes are a communist plot, no exaggeration. Don't believe me? Ask them.
Second step is spending. Let's use Reagan as the bar, since he has been Sainted by the R party: his spending after his policies kicked it was around 22% of GDP.
Anyone know what we spent in 2023?
https://fred.stlouisfed.org/series/FYONGDA188S
If I didn't watch Hannity with religious fervor, I'd think spending isn't the problem....taxes are.
Naaaaaah. Dems are bad, and they're not allowed to spend as much as Reagan did, because that would lead to communism.
Re: 2024
No, they aren't. If they were? There would be no such thing as socialism, because all government services are paid for, by defintion.old salt wrote: ↑Mon Mar 25, 2024 2:38 amUser fees are anti-socialism.a fan wrote: ↑Mon Mar 25, 2024 2:32 amRight. Now your'e telling us that the Government owned and operated roads .....that you happen to like....aren't the literal definition of socialism.
Or that you aren't a socialist, educated by the Government, trained by the Government, and employed by the Government, with a Government pension....and my 25 year old private business that I own and operate "doesn't count" as a Privately owned business...and you think that I'm the socialist, not you.
Sorry man....not only are you not this stupid.....NO ONE is this stupid.
Gaslighting. Years of it now.
You're talking about how a service is paid for, my man. That has NOTHING to do with Socialism.
Socialism, since you want to keep pretending you don't know what it is, is: when the Government owns and operates the asset or service. That's it. How it's paid for is irrelevant to the definition.
See? This is how everyone knows you are gaslighting: ten minutes ago, you were bragging about how gas-powered cars were free market choices.
Ten minutes later, you're admitting that they are subsidized. Because: duh.
"I don't like EV's" is a valid opinion.
"I don't want to subsidize EV's" is a valid opinion.
"I want to subsidize asphalt, but not rails" is a valid opinion.
But that's not what you're telling us.
"Gas-powered cars are entirely the result of free market choices, and are "therefore" superior to subsidized EV's" is gaslighting, and wasting your time, and everyone else's time.
...that is owned and operated by the Federal Government. Socialism.
I, on the other hand, had to not only compete for my space for both College and Vocational Training...I had to come up with the money to attend them, and a private company made all admissions decisions, not a Government employee. THAT is a free market meritocracy.
And naturally, you respect me for my choices---as I do yours-----....but want to gaslight and pretend that you think I'm a socialist. Waste of your time and mine.
Last edited by a fan on Mon Mar 25, 2024 11:46 am, edited 1 time in total.
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Re: 2024
And he was the third biggest adder to national debt since 1900, unless you want to exclude the two presidents during the two world wars because they had to finance those. So much for the Reagan tax breaks. Top ten adders to the national debt split 50:50 D:R. Ronnie #3, Trump #8.a fan wrote: ↑Mon Mar 25, 2024 11:11 amHey, how about that?MDlaxfan76 wrote: ↑Mon Mar 25, 2024 11:06 am22.4a fan wrote: ↑Mon Mar 25, 2024 10:54 amHow many times have I told the Forum that we're paying HALF the effective income tax rate that we were under Clinton.MDlaxfan76 wrote: ↑Mon Mar 25, 2024 10:19 am Biggest issue is the huge reduction in tax rates. Hard for me to say that, but it's the reality.
Which is why when I hear Republicans feign concern over the deficit I know they are LYING.
Because the FIRST step to reducing/eliminating our debt and deficit is to double our effective income tax rates, so that we pay REASONABLE tax levels that we managed to pay without the Republican falling for DECADES.
Try telling that to Republican leaders or voters. They think taxes are a communist plot, no exaggeration. Don't believe me? Ask them.
Second step is spending. Let's use Reagan as the bar, since he has been Sainted by the R party: his spending after his policies kicked it was around 22% of GDP.
Anyone know what we spent in 2023?
https://fred.stlouisfed.org/series/FYONGDA188S
If I didn't watch Hannity with religious fervor, I'd think spending isn't the problem....taxes are.
Naaaaaah. Dems are bad, and they're not allowed to spend as much as Reagan did, because that would lead to communism.
https://www.investopedia.com/us-debt-by ... ge-7371225
Re: 2024
Reagan's flat out lies: that he got "government out of the way" has polluted Republican voter's brain to this very day.SCLaxAttack wrote: ↑Mon Mar 25, 2024 11:31 amAnd he was the third biggest adder to national debt since 1900, unless you want to exclude the two presidents during the two world wars because they had to finance those. So much for the Reagan tax breaks. Top ten adders to the national debt split 50:50 D:R. Ronnie #3, Trump #8.a fan wrote: ↑Mon Mar 25, 2024 11:11 amHey, how about that?MDlaxfan76 wrote: ↑Mon Mar 25, 2024 11:06 am22.4a fan wrote: ↑Mon Mar 25, 2024 10:54 amHow many times have I told the Forum that we're paying HALF the effective income tax rate that we were under Clinton.MDlaxfan76 wrote: ↑Mon Mar 25, 2024 10:19 am Biggest issue is the huge reduction in tax rates. Hard for me to say that, but it's the reality.
Which is why when I hear Republicans feign concern over the deficit I know they are LYING.
Because the FIRST step to reducing/eliminating our debt and deficit is to double our effective income tax rates, so that we pay REASONABLE tax levels that we managed to pay without the Republican falling for DECADES.
Try telling that to Republican leaders or voters. They think taxes are a communist plot, no exaggeration. Don't believe me? Ask them.
Second step is spending. Let's use Reagan as the bar, since he has been Sainted by the R party: his spending after his policies kicked it was around 22% of GDP.
Anyone know what we spent in 2023?
https://fred.stlouisfed.org/series/FYONGDA188S
If I didn't watch Hannity with religious fervor, I'd think spending isn't the problem....taxes are.
Naaaaaah. Dems are bad, and they're not allowed to spend as much as Reagan did, because that would lead to communism.
https://www.investopedia.com/us-debt-by ... ge-7371225
They think Reagan cut the size of government, and THAT is why the economy boomed.
What he ACTUALLY did, was make the Government FAR bigger, borrowed Billions, pumped it through the economy, and made future Presidents pay for the economic boom.....all while claiming it was private industry that led to the boom.
Nope. Flat out lie: it was Big Government that made Reagan a success.
Try telling that to just about any Republican in 2024.
- MDlaxfan76
- Posts: 27113
- Joined: Wed Aug 01, 2018 5:40 pm
Re: 2024
Interesting list. It ranks them by percentage change.SCLaxAttack wrote: ↑Mon Mar 25, 2024 11:31 amAnd he was the third biggest adder to national debt since 1900, unless you want to exclude the two presidents during the two world wars because they had to finance those. So much for the Reagan tax breaks. Top ten adders to the national debt split 50:50 D:R. Ronnie #3, Trump #8.a fan wrote: ↑Mon Mar 25, 2024 11:11 amHey, how about that?MDlaxfan76 wrote: ↑Mon Mar 25, 2024 11:06 am22.4a fan wrote: ↑Mon Mar 25, 2024 10:54 amHow many times have I told the Forum that we're paying HALF the effective income tax rate that we were under Clinton.MDlaxfan76 wrote: ↑Mon Mar 25, 2024 10:19 am Biggest issue is the huge reduction in tax rates. Hard for me to say that, but it's the reality.
Which is why when I hear Republicans feign concern over the deficit I know they are LYING.
Because the FIRST step to reducing/eliminating our debt and deficit is to double our effective income tax rates, so that we pay REASONABLE tax levels that we managed to pay without the Republican falling for DECADES.
Try telling that to Republican leaders or voters. They think taxes are a communist plot, no exaggeration. Don't believe me? Ask them.
Second step is spending. Let's use Reagan as the bar, since he has been Sainted by the R party: his spending after his policies kicked it was around 22% of GDP.
Anyone know what we spent in 2023?
https://fred.stlouisfed.org/series/FYONGDA188S
If I didn't watch Hannity with religious fervor, I'd think spending isn't the problem....taxes are.
Naaaaaah. Dems are bad, and they're not allowed to spend as much as Reagan did, because that would lead to communism.
https://www.investopedia.com/us-debt-by ... ge-7371225
In raw dollars, inflation adjusted, however, the list would look different.
And to normalize further, look at each 4 years.
Reagan is still up there, but Trump dwarfs.
By contrast, Biden is quite low on either list method.
The point is the same. We've been living with a myth that lowering taxes by GOP Presidents is going to result in lower deficits, and conversely the Dem spending is what drives deficits, when, in reality, the GOP Presidents have typically increased spending more than Dems. Both parties increase spending based on major events, wars, financial shocks, pandemics, but the problem is that we think that the tax rates on corporations and the hyper wealthy we paid during America's post WWII boom are anti-growth, when clearly that wasn't the case. And we got away from the realization that investments in greatly improved infrastructure pays big long term economic dividends in aggregate. Ike understood, but the GOP lost its way.
Personally, I don't have a big issue with having tested the trickle down concept, just that we needed to recognize that it's a fallacy way before now...
The other big tension has been how we understand regulation. One side has made regulation the enemy ideologically, regardless of its crucial benefits to successful capitalism and the common good. I was having this discussion with a regular Fox viewer, Trump supporter, just two nights ago. He was locked into the notion that regulation is "bad" per se and couldn't be shaken despite my wife (summa in economics, HBS, Bain, etc) and I trying to explain what externalities are, the tragedy of the commons, etc and the explanation why it's essential to successful capitalism that these be addressed. We emphasized that overlapping and contradictory regulation can be inefficient and should be rooted out, but not because regulation itself is evil. We explained that not all efforts at regulation, however well intended, necessarily deliver the desired outcome as successfully as an alternative regulation, but that we shouldn't not regulate at all when externalities are present. We should try, modify, improve not simply add regulations. Republicans used to understand this.
We tried to simplify for him, with examples like fences and laws against murder, and intellectual property rights, etc...he reverted to his John Wayne westerns and said something about cattle and sheep... conflicts...sheesh. The dumbing of America. And this is a quite intelligent guy. Just lives in a bubble and thinks he understands topics far beyond his own academic exposure, which is nearly entirely computer science.
Re: 2024
Ask him about the wage fixing that Steve Jobs was caught doing in the "free market", where Apple conspired with other tech firms to 'not poach" each other's employees, thereby driving down the competition for labor talent.MDlaxfan76 wrote: ↑Mon Mar 25, 2024 12:57 pm We tried to simplify for him, with examples like fences and laws against murder, and intellectual property rights, etc...he reverted to his John Wayne westerns and said something about cattle and sheep... conflicts...sheesh. The dumbing of America. And this is a quite intelligent guy. Just lives in a bubble and thinks he understands topics far beyond his own academic exposure, which is nearly entirely computer science.
I, too, don't have a problem TRYING trickle down. But that was almost 50 freaking years ago now, and it DOESN'T work. We need to move on from that Stupidity.
Same goes for NAFTA and "free markets". I would LOVE for minimal government intervention. But that CLEARLY leads to monopolies, which stifles innovation and competition. When companies like Apple say they want free markets? They are LYING, and 1000% use their monopoly at every turn.
The fact that Apple owns 70% of America's smartphone market is INSANE, and our DoJ should be fired for not breaking them up. There is NO WAY it makes competitive sense to let ANY company own more than 20% of the American market, let alone 70%.
Re: 2024
The difference -- I was not minimizing the opportunities which you were able to qualify for, earn & complete, as if it was something which the govt bestowed upon you. In my case, I had 7 years of obligated service (w/ hazardous duty pay) to justify the investment the govt made in me. I paid dividends on that initial investment by staying for 23 years.a fan wrote: ↑Mon Mar 25, 2024 11:27 am...that is owned and operated by the Federal Government. Socialism.
I, on the other hand, had to not only compete for my space for both College and Vocational Training...I had to come up with the money to attend them, and a private company made all admissions decisions, not a Government employee. THAT is a free market meritocracy.
And naturally, you respect me for my choices---as I do yours-----....but want to gaslight and pretend that you think I'm a socialist. Waste of your time and mine.
Re: 2024
My taxes went up under Trump's supposed tax cuts. With the cap on the deduction of state & local taxes, it was advantageous to take the Standard Deduction rather than to itemize. That's not a complaint. I don't think SALT should be deductible at all.a fan wrote: ↑Mon Mar 25, 2024 10:54 amHow many times have I told the Forum that we're paying HALF the effective income tax rate that we were under Clinton.MDlaxfan76 wrote: ↑Mon Mar 25, 2024 10:19 am Biggest issue is the huge reduction in tax rates. Hard for me to say that, but it's the reality.
Which is why when I hear Republicans feign concern over the deficit I know they are LYING.
Because the FIRST step to reducing/eliminating our debt and deficit is to double our effective income tax rates, so that we pay REASONABLE tax levels that we managed to pay without the Republican falling for DECADES.
Try telling that to Republican leaders or voters. They think taxes are a communist plot, no exaggeration. Don't believe me? Ask them.
Second step is spending. Let's use Reagan as the bar, since he has been Sainted by the R party: his spending after his policies kicked it was around 22% of GDP.
Anyone know what we spent in 2023?
Re: 2024
Funny you had no opinion on taking the deduction for YEARS before that??????old salt wrote: ↑Mon Mar 25, 2024 10:22 pmMy taxes went up under Trump's supposed tax cuts. With the cap on the deduction of state & local taxes, it was advantageous to take the Standard Deduction rather than to itemize. That's not a complaint. I don't think SALT should be deductible at all.a fan wrote: ↑Mon Mar 25, 2024 10:54 amHow many times have I told the Forum that we're paying HALF the effective income tax rate that we were under Clinton.MDlaxfan76 wrote: ↑Mon Mar 25, 2024 10:19 am Biggest issue is the huge reduction in tax rates. Hard for me to say that, but it's the reality.
Which is why when I hear Republicans feign concern over the deficit I know they are LYING.
Because the FIRST step to reducing/eliminating our debt and deficit is to double our effective income tax rates, so that we pay REASONABLE tax levels that we managed to pay without the Republican falling for DECADES.
Try telling that to Republican leaders or voters. They think taxes are a communist plot, no exaggeration. Don't believe me? Ask them.
Second step is spending. Let's use Reagan as the bar, since he has been Sainted by the R party: his spending after his policies kicked it was around 22% of GDP.
Anyone know what we spent in 2023?
Re: 2024
...because that was the law & the accepted practice. The tax laws were written to allow it. It effectively subsidized state & local govts & did not restrain them from raising taxes.Kismet wrote: ↑Mon Mar 25, 2024 10:30 pmFunny you had no opinion on taking the deduction for YEARS before that??????old salt wrote: ↑Mon Mar 25, 2024 10:22 pmMy taxes went up under Trump's supposed tax cuts. With the cap on the deduction of state & local taxes, it was advantageous to take the Standard Deduction rather than to itemize. That's not a complaint. I don't think SALT should be deductible at all.a fan wrote: ↑Mon Mar 25, 2024 10:54 amHow many times have I told the Forum that we're paying HALF the effective income tax rate that we were under Clinton.MDlaxfan76 wrote: ↑Mon Mar 25, 2024 10:19 am Biggest issue is the huge reduction in tax rates. Hard for me to say that, but it's the reality.
Which is why when I hear Republicans feign concern over the deficit I know they are LYING.
Because the FIRST step to reducing/eliminating our debt and deficit is to double our effective income tax rates, so that we pay REASONABLE tax levels that we managed to pay without the Republican falling for DECADES.
Try telling that to Republican leaders or voters. They think taxes are a communist plot, no exaggeration. Don't believe me? Ask them.
Second step is spending. Let's use Reagan as the bar, since he has been Sainted by the R party: his spending after his policies kicked it was around 22% of GDP.
Anyone know what we spent in 2023?
I know this is complicated, so I'll go slowly. I was pointing out that Trump's supposed tax cuts were not, in fact, a cut for everyone.
Do you pay more taxes than you are obligated to pay ?
Re: 2024
Alright, since you've finally stopped with the gaslighting?old salt wrote: ↑Mon Mar 25, 2024 10:05 pmThe difference -- I was not minimizing the opportunities which you were able to qualify for, earn & complete, as if it was something which the govt bestowed upon you. In my case, I had 7 years of obligated service (w/ hazardous duty pay) to justify the investment the govt made in me. I paid dividends on that initial investment by staying for 23 years.a fan wrote: ↑Mon Mar 25, 2024 11:27 am...that is owned and operated by the Federal Government. Socialism.
I, on the other hand, had to not only compete for my space for both College and Vocational Training...I had to come up with the money to attend them, and a private company made all admissions decisions, not a Government employee. THAT is a free market meritocracy.
And naturally, you respect me for my choices---as I do yours-----....but want to gaslight and pretend that you think I'm a socialist. Waste of your time and mine.
You're the one telling me that socialism is bad, or that having Federal professors or employers is somehow a bad thing. Not me.
The idea that somehow because I attended privately owned school, it's "superior" to a socialized Federal University is LAUGHABLE.
The odds that I could have been accepted at your type of school are TINY.
The odds that I'd make the cut, and graduate from that sort of school in my teens and early 20's? As close to zero as zero gets.
Nothing but respect for what you accomplished. YOU are the one telling me that socialism is bad. I think socialism is BRILLIANT, and your education and career is a perfect example as to WHY I think it is brilliant. Proud my MASSIVE taxes go there.
Clear enough?
Re: 2024
I do not agree that I'm telling you that having Federal professors is a bad thing, or that it's socialism.a fan wrote: ↑Mon Mar 25, 2024 11:33 pmAlright, since you've finally stopped with the gaslighting?old salt wrote: ↑Mon Mar 25, 2024 10:05 pmThe difference -- I was not minimizing the opportunities which you were able to qualify for, earn & complete, as if it was something which the govt bestowed upon you. In my case, I had 7 years of obligated service (w/ hazardous duty pay) to justify the investment the govt made in me. I paid dividends on that initial investment by staying for 23 years.a fan wrote: ↑Mon Mar 25, 2024 11:27 am...that is owned and operated by the Federal Government. Socialism.
I, on the other hand, had to not only compete for my space for both College and Vocational Training...I had to come up with the money to attend them, and a private company made all admissions decisions, not a Government employee. THAT is a free market meritocracy.
And naturally, you respect me for my choices---as I do yours-----....but want to gaslight and pretend that you think I'm a socialist. Waste of your time and mine.
You're the one telling me that socialism is bad, or that having Federal professors or employers is somehow a bad thing. Not me.
The idea that somehow because I attended privately owned school, it's "superior" to a socialized Federal University is LAUGHABLE.
The odds that I could have been accepted at your type of school are TINY.
The odds that I'd make the cut, and graduate from that sort of school in my teens and early 20's? As close to zero as zero gets.
Nothing but respect for what you accomplished. YOU are the one telling me that socialism is bad. I think socialism is BRILLIANT, and your education and career is a perfect example as to WHY I think it is brilliant. Proud my MASSIVE taxes go there.
Clear enough?
You're telling me (yet again) that is what I think.
Our Professors were paid to help provide our nation with a cadre of Naval officers trained to a standard. in subject matter areas, that met the needs of the Navy. They were part of our professional training to meet the Navy's requirements. We had very few choices in what we could study & they all met the needs of the Navy in some aspect.
It's no different than if you enter into a contract to educate & train an employee in the subject matter that best meets the needs of your business, in return for a period of contracted employment.
You think you may not have qualified for a service academy, but you were free to apply.
It was not a college application. It was a job application for an 8-10 year period of contracted employment.
If everyone who applied was accepted, that would be socialism.
Clear enough ?
Re: 2024
You're delusional as usual. Trolling at its finestold salt wrote: ↑Mon Mar 25, 2024 10:38 pm...because that was the law & the accepted practice. The tax laws were written to allow it. It effectively subsidized state & local govts & did not restrain them from raising taxes.Kismet wrote: ↑Mon Mar 25, 2024 10:30 pmFunny you had no opinion on taking the deduction for YEARS before that??????old salt wrote: ↑Mon Mar 25, 2024 10:22 pmMy taxes went up under Trump's supposed tax cuts. With the cap on the deduction of state & local taxes, it was advantageous to take the Standard Deduction rather than to itemize. That's not a complaint. I don't think SALT should be deductible at all.a fan wrote: ↑Mon Mar 25, 2024 10:54 amHow many times have I told the Forum that we're paying HALF the effective income tax rate that we were under Clinton.MDlaxfan76 wrote: ↑Mon Mar 25, 2024 10:19 am Biggest issue is the huge reduction in tax rates. Hard for me to say that, but it's the reality.
Which is why when I hear Republicans feign concern over the deficit I know they are LYING.
Because the FIRST step to reducing/eliminating our debt and deficit is to double our effective income tax rates, so that we pay REASONABLE tax levels that we managed to pay without the Republican falling for DECADES.
Try telling that to Republican leaders or voters. They think taxes are a communist plot, no exaggeration. Don't believe me? Ask them.
Second step is spending. Let's use Reagan as the bar, since he has been Sainted by the R party: his spending after his policies kicked it was around 22% of GDP.
Anyone know what we spent in 2023?
I know this is complicated, so I'll go slowly. I was pointing out that Trump's supposed tax cuts were not, in fact, a cut for everyone.
Do you pay more taxes than you are obligated to pay ?
- cradleandshoot
- Posts: 15476
- Joined: Fri Oct 05, 2018 4:42 pm
Re: 2024
No the debt is increasing at almost 1 trillion every 100 days. Not that it matters to you debt deniers.MDlaxfan76 wrote: ↑Mon Mar 25, 2024 10:19 amincorrect, go back to google.cradleandshoot wrote: ↑Sun Mar 24, 2024 11:38 pm Unless what I read recently is incorrect is our debt now increases at 1 trillion dollars every 100 days. So that 600 billion for maintenance is growing by leaps and bounds. I guess DC is so preoccupied with the southern border that no one is paying attention to the nations credit card.
We've had bursts of increases in debt, but the general pace is not nearly that fast.
Biggest issue is the huge reduction in tax rates. Hard for me to say that, but it's the reality.
We don't make mistakes, we have happy accidents.
Bob Ross:
Bob Ross:
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Re: 2024
Many, many POTUSA candidates, are discussing this very issue, yes? The debt ?cradleandshoot wrote: ↑Tue Mar 26, 2024 7:36 amNo the debt is increasing at almost 1 trillion every 100 days. Not that it matters to you debt deniers.MDlaxfan76 wrote: ↑Mon Mar 25, 2024 10:19 amincorrect, go back to google.cradleandshoot wrote: ↑Sun Mar 24, 2024 11:38 pm Unless what I read recently is incorrect is our debt now increases at 1 trillion dollars every 100 days. So that 600 billion for maintenance is growing by leaps and bounds. I guess DC is so preoccupied with the southern border that no one is paying attention to the nations credit card.
We've had bursts of increases in debt, but the general pace is not nearly that fast.
Biggest issue is the huge reduction in tax rates. Hard for me to say that, but it's the reality.
We know tRump has zero issues.......Biden, hard to find anything in his "social media" regarding the "deficit'. But, Biden DID seem to find Billions and billions to go to usual places.
What's NOT to like?
Here is what Kennedy will do to make that a reality:
Raise the minimum wage to $15, which is the equivalent to its 1967 level.
Prosecute union-busting corporations so that labor can organize and negotiate fair wages
.
Expand free childcare to millions of families with programs like that pioneered by the state of New Mexico.
Drop housing costs by $1000 per family and make home ownership affordable by backing 3% home mortgages with tax-free bonds.
Cut energy prices by restricting natural gas exports.
Support small businesses by redirecting regulatory scrutiny onto large corporations.
Secure the border and bring illegal immigration to a halt, so that undocumented migrants won’t undercut wages.
Negotiate trade deals that prevent low-wage countries from competing with American workers in a “race to the bottom.”
Rein in military spending and use the resources to fund infrastructure, health care, higher education, child care, and domestic prosperity.
Reverse the chronic disease epidemic that is a $3.7 trillion drag on families and the American economy.
Clean out the corruption in Washington, D.C., which funnels so much of our nation’s wealth to giant corporations and billionaires.
Establish addiction healing centers on organic farms across the country.
Make student debt dischargeable in bankruptcy and cut interest rates on student loans to zero.
Cut drug costs by half to bring them in line with other nations.
People always ask, “How are we going to pay for all this?” The answer is simple. First is to end the military adventures and regime-change wars, like the one in Ukraine. The wars in Iraq, Afghanistan, Syria, and Libya already cost us over $8 trillion. That’s $90,000 per family of four. That’s enough to pay off all medical debt, all credit card debt, provide free childcare, feed every hungry child, repair our infrastructure, and make college tuition free — with money left over. That’s enough to make social security solvent for another 30 years.
Second is to end the corruption in Washington, the corporate giveaways, the boondoggles, the bailouts of the too-big-to-fail that leave the little guy at the mercy of the market. Corporations right now are sitting on $8 trillion in cash. Their contribution to tax revenues was 33% in the 1950s — it is 10% today. It’s high time they paid their fair share.
Other Presidents have tinkered on the edges, but Robert F. Kennedy, Jr. will make the deep changes necessary to put the economy on a sound footing. The broad prosperity of the Eisenhower and JFK era can be ours again. It is just a shift of priorities away.
TERMS OF SERVICE
ACCESSIBILITY STATEMENT
ILM...Independent Lives Matter
Pronouns: "we" and "suck"
Pronouns: "we" and "suck"