Your 2024 Presidential Election Thread

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Weird...the 3 posts above this one understand economics. Only about 330 million people left to go.

"Tax the rich" makes me laugh and is a great indicator that I'm talking to a moron. I'd love to "tax the rich", but that's not how it works. At all.
 
AWP said:
I'm all for us aiding the Ukraine to kill Soviets until the last male Ukrainian falls on the field of battle, but we've spent too much and gone too far.

We've depleted our stocks of arms and ammunition, especially the latter. At this point, I'd say re-arming is more to our benefit than who is sitting in Kiev. We just had a hurricane blast through our country. Where's our foreign aid? Where are our thoughts and prayers? Who is changing their social media icons to an American flag?

Yeah, thought so.

I'm far from an isolationist, but I think we've done enough for those folks. The people screaming the loudest for aid aren't writing checks...we are funding this little square dance. Time to tell them good night, good luck, and God bless.
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The longer this timeline plays on the more isolationist I get. I don't care about providing any aid to the ME when we're also responsible for sending the equipment there that's forcing the need for aid. And for the other places...we should just grow our empire if they're so bad.
 
AWP said:
Weird...the 3 posts above this one understand economics. Only about 330 million people left to go.

"Tax the rich" makes me laugh and is a great indicator that I'm talking to a moron. I'd love to "tax the rich", but that's not how it works. At all.
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It's almost as IF there's repercussions for going after those whom employ us, feed us, provide goods, services, and homes. They still have to pay the salaries and wages and the taxes for the very things that they provide and get taxed on the income being generated.

tAx tHe rIcH is a showing of the lack of critical thinking and all emotionally driven garbage.

If they really wanted this economy FIXED, bring the f'ing jobs and manufacturing back to the US and reduce the red tape that brought them there. We made the PLA stronger and our economy weaker and we have only ourselves to blame. The bastion of the free world ain't the leader when it outsources manufacturing and jobs overseas.
 
TLDR20 said:
i would honestly vote for anyone that could reduce our deficit and stop raising taxes. Trump didn’t do that, at all, and I don’t think Kamala will.

I fear that many people think that the cries for “raise the taxes on the rich” think that actually affects millionaires and billionaires. Who it really affects are people already paying 37% as well as Medicare and SS who aren’t millionaires and billionaires. That equates to close to 45% if you are in the bottom of those brackets. Paying what is a great total household income in taxes fucking sucks.

I would love to try and actually tax these ultra wealthy people, but their money is sheltered through debt obligation, and it is impossible for normal people to do that. It leaves a heavy burden on normal people, who work hard to give 10-37percent plus SS and Medicare every two weeks.
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Kamala has ads out there now saying that Trump is going to put out a nationwide sales tax, but she says she's going to give everyone a tax cut, but tax the rich. I have a great idea...Balanced Budget law. (won't happen) and lowering the tax floor.

Explain why the ultra wealthy need to be taxed extra though? This is something Demoncrats talk about all the time, yet I'm pretty sure they allow Bezos and Cuban to run amok controlling things like Newspapers, continuing to run their yap, and hide their money. Remember, all these turds could donate their money to the federal government.

Gifts to Reduce the Public Debt — TreasuryDirect

Bureau of the Fiscal Service - Public

Yes, Republicans used to be about small government, but this government (deep state) protects itself. Remember when Trump tried to gut Department of Ed? I legit have no idea what the Department of Ed does with 4000 employees when every state has a similar department, but State Departments of Education don't credential their own schools, regional associations of schools and colleges do that.
 
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TLDR20 said:
i would honestly vote for anyone that could reduce our deficit and stop raising taxes. Trump didn’t do that, at all, and I don’t think Kamala will.

I fear that many people think that the cries for “raise the taxes on the rich” think that actually affects millionaires and billionaires. Who it really affects are people already paying 37% as well as Medicare and SS who aren’t millionaires and billionaires. That equates to close to 45% if you are in the bottom of those brackets. Paying what is a great total household income in taxes fucking sucks.

I would love to try and actually tax these ultra wealthy people, but their money is sheltered through debt obligation, and it is impossible for normal people to do that. It leaves a heavy burden on normal people, who work hard to give 10-37percent plus SS and Medicare every two weeks.
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Biden hasn't stopped the debt load.
Who was worse, Trump or Biden?
 
GOTWA said:
The longer this timeline plays on the more isolationist I get. I don't care about providing any aid to the ME when we're also responsible for sending the equipment there that's forcing the need for aid. And for the other places...we should just grow our empire if they're so bad.
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I’m with you here. I’m all for encouraging people to canoe the huns(Russians) but wars on the steppe have been happening before the Bible was written. It isn’t gonna stop.
DA SWO said:
Biden hasn't stopped the debt load.
Who was worse, Trump or Biden?
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Well our current tax law was written by Trumps admin. It has helped continue to increase our deficit. I think our deficit increased much more under Trump than Biden as a percentage, however you are correct that spending hasn’t decreased to levels that are more in line with what was expected. Under Obama our deficit had been reduced to what it was in 2002-2003, but it rose steadily under Trump until it exploded 2/2 covid.
ThunderHorse said:
Kamala has ads out there now saying that Trump is going to put out a nationwide sales tax, but she says she's going to give everyone a tax cut, but tax the rich. I have a great idea...Balanced Budget law. (won't happen) and lowering the tax floor.

Explain why the ultra wealthy need to be taxed extra though? This is something Demoncrats talk about all the time, yet I'm pretty sure they allow Bezos and Cuban to run amok controlling things like Newspapers, continuing to run their yap, and hide their money. Remember, all these turds could donate their money to the federal government.

Gifts to Reduce the Public Debt — TreasuryDirect

Bureau of the Fiscal Service - Public

Yes, Republicans used to be about small government, but this government (deep state) protects itself. Remember when Trump tried to gut Department of Ed? I legit have no idea what the Department of Ed does with 4000 employees when every state has a similar department, but State Departments of Education don't credential their own schools, regional associations of schools and colleges do that.
Click to expand...

I think that the ultra wealthy should be taxed differently because they earn money differently. I think that they have a significant unfair advantage due to how the system is designed. They have assets they can collateralize for debt, thus incurring net zero or “loss” of income to incurring of debt. They can get loans at interest rates we can’t imagine because the bank can hold interest earning positions in their assets. Then they have zero income, thus pay zero taxes to the government. Meanwhile the government and people provide an infrastructure to support their businesses and the safety in which to grow.

On my end I have a hard time seeing why anyone wouldn’t think they should pay more taxes, it is a crazy position. However I think in America people think they are a little elbow grease from being a billionaire.

Meanwhile as a W2 employees, my wife and I pay absurd taxes on our wages. And the way things work when social security caps you basically just move to a higher bracket. If a sales tax goes into effect it would push my taxes over 50%.
 
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We just explained WHY taxing more for those employing us and providing goods to us is a very bad idea.

I cannot see let alone fathom why anyone would ever think going after those people would benefit us when all it does is increase costs and doesn't do a dang thing of good other than vindictive BS. Then when costs go up, they call it gReEd when that's a cop out from the facts going against the tax the rIcH crowd.

We're already all being taxed too much as it is, get the F out with this nonsense.
 
In my town, they recently landscaped the dividers between the street lanes uptown, but didn't fill the ridiculous amount of large potholes. A friend works for our local governnent, so I asked her why they prioritized the landscaping over the potholes. She said the funds are separate and the city had money leftover in one, but not the other. Small, local example of how silly our tax dollars are spent. Imagine it at the federal level.
 
National Debt from the last 3 administrations.
Obama gave us a 95.5% increase in the National debt.
Trump gave us a 41.8% increase
Biden's increase is 22.3% for the 1st three years.
Most of the increase under Trump was COVID related (22%). The tax cuts contributed about .1% The trade war with China added 5.6%
Take COVID away and Trump's increase falls to slight less than Biden's (and Biden 's is only calculated to 31 Dec 2023).

The Balance
 
DA SWO said:
National Debt from the last 3 administrations.
Obama gave us a 95.5% increase in the National debt.
Trump gave us a 41.8% increase
Biden's increase is 22.3% for the 1st three years.
Most of the increase under Trump was COVID related (22%). The tax cuts contributed about .1% The trade war with China added 5.6%
Take COVID away and Trump's increase falls to slight less than Biden's (and Biden 's is only calculated to 31 Dec 2023).

The Balance
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That link doesn’t contain any data.

Fiscal Data Explains the National Deficit

IMG_4539.png

Obviously this isn’t in a vacuum. What happened in 2008-2011 and in 2020 were aberrations. Trump was causing an increase either way.
 
TLDR20 said:
Obviously this isn’t in a vacuum. What happened in 2008-2011 and in 2020 were aberrations. Trump was causing an increase either way.
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However, that seems to be how your posts come across. There hasn't been a single president to bring in a budget surplus since Clinton. Note that the 1997 Balanced Budget Act expired after 2002. However under the Republican Congress and Democratic Executive we had four years of a surplus. Since then every administration has been about spending...or rather is it just Congress fails at using the power of the purse? Either way no one really cares, because who's in office doesn't matter.

2023 and 2024 we're well clear of COVID nonsense, yet the Biden budgets are loading up on fake money.

I guess for me the reality is, that unless we have a Congress and a President that wants to actually reduce social spending. Because that's where all this is comes up, that's what has increased here, defense not really as a share of the budget.

What this becomes reduced to an election of is who is coming after my rights? Who is not interested in protecting the border? Democrats.
 
Deficits are a political question. It simply takes someone with the willingness to stand up and say, "Here's the role of the Federal government. These x programs don't fit the definition and as a result, will not be funded." Think along the lines of Milei in Argentina.

To do so takes political courage that doesn't exist today and even if it did, they're DOA because none of the ruling class is willing to give up their cash cows. Not to mention, we have many people that view government programs as a protected right and that's not healthy. A change would require alignment of both the President and Congress, with Congress playing a larger role.
 
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