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Old 07-30-2018, 04:24 PM
 
1,991 posts, read 900,039 times
Reputation: 2627

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All I can say is that Trump must know his days are numbered. Why else would he slap the middle class in the face with his unilateral proposal to gift the wealthy with this tax cut?

https://www.msn.com/en-us/news/polit...thy/ar-BBLhtZx


How about it Righties? Deficits don't matter as long as the 1% get theirs, Right?

I don't blame you for not admitting you were played for fools by Trump. His going behind your back to benefit his rich friends while you were bleating about a stupid wall must be very galling.

MAGA baby! MAGA!
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Old 07-30-2018, 04:31 PM
 
34,278 posts, read 19,365,659 times
Reputation: 17261
1 trillion in deficit spending this year alone.

No wonder the economy appears to be doing well, we're supercharging it with a credit card.
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Old 07-30-2018, 04:34 PM
 
45,229 posts, read 26,431,296 times
Reputation: 24976
he needs to get crazy with cuts in spending or he is just taxing the crap out of the future like his predecessors.
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Old 07-30-2018, 04:38 PM
 
34,278 posts, read 19,365,659 times
Reputation: 17261
Quote:
Originally Posted by Frank DeForrest View Post
he needs to get crazy with cuts in spending or he is just taxing the crap out of the future like his predecessors.
Problem is their plan is to cut spending on things like medicare, and social security. When people see whats going on they're going to go nuts. The GOP's plans are literally to cut taxes on the wealthiest, and use that to justify cutting benefits to everyone else. And when they touch the programs that can make up the difference people are going to turn on them. Because food stamps and welfare is not enough to make up the difference.
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Old 07-30-2018, 04:44 PM
 
Location: Long Island
8,840 posts, read 4,803,834 times
Reputation: 6479
Thank God. I was so worried about how the one percenters were gonna get through this year. Look at DeVos- she only has 10 yachts. What a brave soul.
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Old 07-30-2018, 04:45 PM
 
27,307 posts, read 16,218,061 times
Reputation: 12102
Ah the eternal liberal lament of tax cuts for the rich. Invest and you can partake of ghelsrgesse.
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Old 07-30-2018, 04:47 PM
 
Location: Pyongjang
5,701 posts, read 3,221,095 times
Reputation: 3925
Sounds like it benefits anyone who owns stocks.

It makes total sense as well. Say you bought $100k of a stock in 2010. Let's say you only kept up with inflation so ~2% or less in growth. Why should you have to pay taxes when you had no real gains?

We shouldn't be discouraging investment.
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Old 07-30-2018, 04:51 PM
 
3,992 posts, read 2,457,740 times
Reputation: 2350
Quote:
Originally Posted by mightleavenyc View Post
Sounds like it benefits anyone who owns stocks.

It makes total sense as well. Say you bought $100k of a stock in 2010. Let's say you only kept up with inflation so ~2% or less in growth. Why should you have to pay taxes when you had no real gains?

We shouldn't be discouraging investment.
from what I've seen - 85 of the benefit will go to the 1%. so again, the middle class will get some crumbs, but more debt passed to our children to benefit the uberwealthy while his lemmings rejoice over the crumbs....
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Old 07-30-2018, 04:54 PM
 
Location: Pyongjang
5,701 posts, read 3,221,095 times
Reputation: 3925
Quote:
Originally Posted by Metsfan53 View Post
from what I've seen - 85 of the benefit will go to the 1%. so again, the middle class will get some crumbs, but more debt passed to our children to benefit the uberwealthy while his lemmings rejoice over the crumbs....
It's proportional to your investments. I'm not jealous that people have much larger portfolios. I will still benefit and have more money. I don't see it as "crumbs". Inflation hasn't been much so it won't be a significant gain, but I will benefit. Stupid people who don't invest will be left (pun intended) in the dust once again, and I'm fine with that. Maybe they can go begging for "depreciation relief" on their flat screens, phones, and cars.
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Old 07-30-2018, 04:56 PM
 
Location: San Diego
50,268 posts, read 47,023,439 times
Reputation: 34060
I'm way ok with this. This will save me a ton of money long run.
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