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Old 08-10-2019, 08:33 AM
 
Location: New Jersey
5,839 posts, read 3,050,385 times
Reputation: 6839

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Quote:
Originally Posted by SWFL_Native View Post
Republicans are just as terrible at math.. they claim to be fiscally responsible and better stewards of the tax payer funds; but they have produced the worst budgets in history while continue to manipulate interest rates lower to increase our leverage rates.

I no longer trust or have faith in either party to run our country.
Huh? The government through the Federal Reserve is suppose to "manipulate" interest rates. This is like a thermostat adjusting the HVAC system to keep a room's temperature optimal. Otherwise, it will get too hot or too cold.

And it has nothing to do with Republicans. Obama, Clinton, and every president have done this. If they didn't, the economy would be unstable.

You clearly don't know what you are talking about.
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Old 08-10-2019, 08:39 AM
 
Location: Scottsdale, AZ
15,157 posts, read 12,535,315 times
Reputation: 26950
Socialist are great at math, but much better at lying. Bernie knows damn well where the money is at (middle class).
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Old 08-10-2019, 08:40 AM
 
5,495 posts, read 2,931,259 times
Reputation: 9982
Quote:
Originally Posted by antinimby View Post
Huh? The government through the Federal Reserve is suppose to "manipulate" interest rates. This is like a thermostat adjusting the HVAC system to keep a room's temperature optimal. Otherwise, it will get too hot or too cold.

And it has nothing to do with Republicans. Obama, Clinton, and every president have done this. If they didn't, the economy would be unstable.

You clearly don't know what you are talking about.
I actually have a very clear understanding of what I知 talking about. Just because you don稚 agree with my perspective doesn稚 mean you need to discredit or degrade my perspective.

Every President since and including Reagan has been a disaster for this country. We have accumulated an insurmountable debt load. Worse than the actual deficit itself is the cultural norm we have set for our country of living beyond our means and using credit to support our purchasing habits of today. We are a bankruptcy society and culture which has been facilitated equally by both parties.
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Old 08-10-2019, 08:40 AM
 
13,154 posts, read 4,792,647 times
Reputation: 5390
Quote:
Originally Posted by antinimby View Post
No way Europe recovered by 1950.

And you've got your facts all wrong. The U.S. economy boom started in the 1940's as a result of the war and stayed strong throughout the 50's. The 60's the U.S. was still running on the momentum of that earlier boom. The 70's we are on the decline and recovered in the 1980's because of Reaganomics.
Yes, pre-war GDP in Europe was surpassed by 1950. And they boomed all throughout the 50s and 60s until the oil crisis.

The US boomed all throughout the New Deal period with an interventionist government, strongest labor unions ever, high minimum wages, and higher taxes on the well-off.

Thats just the reality.
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Old 08-10-2019, 09:04 AM
 
Location: North Carolina
3,044 posts, read 2,106,011 times
Reputation: 6211
Quote:
Originally Posted by antinimby View Post
First let me address your pharmaceutical point. You make it sound like Bernie is the first one to talk about this . Trump talked about this and is actually doing something about it. What exactly is Bernie going to do differently? Knowing his draconian ideology, he'll just pass punitive laws that will create other problems. That's what Leftists / Democrats do. They just pass more laws that create other unintended problems. They never really solve any problems.

You keep on talking about not rewarding bad behavior and rewarding good behavior. What exactly do you have in mind? You really have to elaborate. If it's anything like what Bernie wants, he's basically going to equally punish successful companies and individuals (because well, success means they are making money and in his world, making money means you need to be punished) and give it to people who don't do anything or whose ideas are failures because, failing means you don't make good money and hence he will give you money for failing.

Play this out over the entire country over a bunch of years and you have Venezuela. Only fools would choose Venezuela over what we have now, which is the richest country in the history of the world.
Again, I'm not sure you really read my posts but we'll try this just one more time.

1. I'm not sure where you are getting the impression that I thought Sanders it the first person to talk about drug prices because I never said that. As I mentioned earlier, I think the way he would go about addressing these issues could cause other problems. I'd like to know how Trump has made medical care and prescriptions more affordable here in the US because from both keeping up with current trends (i.e. fast inflation in drug prices, even in drugs that have been around for years such as insulin), and what I've witnessed firsthand or from others I know. Obamacare certainly didn't improve this for the vast majority of people and made some things worse, but he also inherited a lot of problems that went back decades and accelerated around the beginning of the 21st century. If Trump has come up with some brilliant plan to get this issue under control, I'd love to hear about it because as far as I know, this sector is still continuing to get more even more expensive, just as it has been regardless of what party is in the White House. And if it truly were benefiting Americans I would gladly give Trump or another Republican credit for it, just as I would a Democrat, or other party.

2. As mentioned, I think there would be problems created from Sanders' tax treatment of large corporations. I think we're on the same page there. But what I was also saying is that a philosophy that says if a company creates "X number of jobs with X favorable benefits, and X economic impact it gets" y (which is favorable tax treatment) vs. a company that bleeds US jobs and treats its workers like disposable crud. Rewarding good behavior. As I mentioned, this is no easy implementation task to ensure that the jobs don't leave, but intelligent economic policy needs to keep US citizen/taxpayers interests at heart, and not just a private interest that is only going to serve the private interests. Since there are winners/losers in terms of favorable public policy, the goal should be to create public policy that rewards serving the interest of American citizens. Not an easy task to implement, but the underlying philosophy not to reward companies that take advantage of loopholes that give them big bonuses and then move jobs overseas and treat their workers poorly (not just compensation but bad working conditions that OSHA may not address, and pay so low that the employees end up so poor they're a drain on social services), at least having the ability to effectively address these problems is a sound principle.

3. If Trump, a more traditional Republican, a traditional Liberal, a moderate, an apolitical person, a Whig or whoever else can come up with and implement a successful idea on any of this, I applaud them. As mentioned before, my concern is a non partisan one. I'm not sure if you read my post because it almost looks like an automatic reply that picks up on some key word and then spits out "liberal". That itself is part of the problem.

Last edited by Jowel; 08-10-2019 at 09:47 AM..
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Old 08-10-2019, 09:21 AM
 
38,097 posts, read 16,479,595 times
Reputation: 8655
Quote:
Originally Posted by lkb0714 View Post
It’s literally in your own post, he will tax corporations. Amazon literally paid nothing in corporate taxes in 2018, which would have been billions in that year alone, and that is even before raising corporate tax rates to the level they were in the 1950s. Meanwhile all of the other corporations that are likewise paying nothing in federal corporate taxes will be paying their fair share.
"Amazon literally paid nothing in corporate taxes in 2018,By Dan Merica, Jeff Zeleny

Fact check: Andrew Yang says Amazon pays "literally zero in taxes"

From CNN's Brian Fung

Andrew Yang claimed that Amazon pays “literally zero in taxes.” "Oh, so, it's difficult to do if you have companies like Amazon, trillion-dollar tech companies paying literally zero in taxes while they're closing 30% of our stores."
Facts First: When it comes to taxes the picture is more complicated than Yang claims. Amazon pays state taxes and has also paid federal taxes in the past.
The Wall Street Journal reported recently that Amazon’s overall tax rate from 2012 through 2018 was 8%.
“From 2012 through 2018, Amazon reported $25.4 billion in pretax US income and current federal tax provisions totaling $1.9 billion,” the Journal reported.
“That is an 8% tax rate — low, but not zero or negative. Looking back further, since 2002, Amazon has earned $27.7 billion in global pretax profits and paid $3.6 billion in global cash income taxes, a 13% tax rate.”
Amazon’s SEC filings in 2017 showed it did not expect to owe any federal tax, and in fact expected to get a $137 million refund from the federal government.
It did, however, say it expected to pay $211 million to states.

More recently, in February, an analysis of Amazon corporate filings by the Institute on Taxation and Economic Policy found that the company got a rebate of $129 million for tax year 2018.
Analysts say Amazon was able to whittle down its tax liability by taking advantage of tax credits and deductions."

https://www.cnn.com/politics/live-ne...06d496e9caa193

I Wonder who passed those tax laws.
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Old 08-10-2019, 09:28 AM
 
Location: Jewel Lake (Sagle) Idaho
27,951 posts, read 17,921,063 times
Reputation: 15945
Quote:
Originally Posted by skeddy View Post
Americans realize Bernie is unstable and can't think clearly. It's gonna be decades before the American people are going to buy into any liberal ideas regarding healthcare after the crisis Obamacare caused in this country.
I'd like to think that as well. I would certainly like to think that the American electorate is smart enough to realize that widespread socialism can never work, that there isn't enough excess money in our entire GDP to fund his promises-and that taxes would rise massively on everyone to even begin to pay for his promises.

However-sadly I fear that this is not the case. Look at the last election-Bernie was potentially within a rigged debate from being the Democratic nominee. I fear that there are enough ignorant, selfish voters that actually think that they can take everything from those that produced-while not in turn contributing themselves. The greed and selfishness associated with the sense of entitlement of progressives is nearly limitless.
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Old 08-10-2019, 09:45 AM
 
9,690 posts, read 4,402,843 times
Reputation: 11176
Quote:
Originally Posted by TheGoodTheBadTheUgly View Post
IN 2016, the top 1% earned 19.7% of income and paid 37.3% of income taxes. So, if Bernie's plan is to squeeze another $1.5 trillion from the rich, he will have to confiscate their assets. There's not enough income to tax. even at 100% rate. The math just doesn't add up.

Hey Bernie: 1 + 1 does not =3




https://finance.yahoo.com/news/berni...184145968.html

https://www.youtube.com/watch?v=cdbRKfXyQEw


`
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Old 08-10-2019, 09:48 AM
 
11,611 posts, read 7,470,027 times
Reputation: 4752
Why should Bernie care about paying for his agenda. Have conservatives paid for their wars and tax cuts for millionaires and billionaires?
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Old 08-10-2019, 10:14 AM
 
2,209 posts, read 813,193 times
Reputation: 2414
Quote:
Originally Posted by Winter_Sucks View Post
Why should Bernie care about paying for his agenda. Have conservatives paid for their wars and tax cuts for millionaires and billionaires?
The Afghanistan and Iraq wars were overwhelmingly popular at the time they were started, 80% public approval at one point, bipartisan support after 9/11. Trump tried to pull us out of Syria and he was met with the media calling him a Russian puppet and bipartisan disapproval. You don’t “pay for” tax cuts that line doesn’t even make any sense. For one thing tax cuts aren’t historically revenue negative, we collected more in tax revenue after Every major tax cut the last 60 years by eliminating loopholes, increasing growth and broadening base. There’s only so much taxes you can collect once you go too high with marginal rates you start loosing money and shrinking base. Also the money isn’t the governments it’s the people’s allowing them to keep more of their own money isn’t an expense. Your logic is highly flawed.
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