Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
Biden's tax increases will reduce GDP, according to PWBM (I posted the link earlier in the thread). That subsequently reduces tax revenues, as historical data clearly shows. So... answer the question. How does Biden plan on paying down debt with a decrease in tax revenue?
We are getting circular.
Debt is not paid down initially during the time period when GPD shrinks. Debt grows.
Debt is paid down later when GDP grows.
It’s almost like we are speaking different languages here.
Does this not make sense to you? I’m not sure how else to say it.
Now I get it. You’re not citing data from the link I provided. While I have not dug into what the differences are, you should be referencing the latest version, don’t you agree?
Quote:
GDP decreases by 0.4 percent in 2030, sees no change in 2040, and increases by 0.8 percent in 2050.
Now I get it. You’re not citing data from the link I provided. While I have not dug into what the differences are, you should be referencing the latest version, don’t you agree?
They're from the same source, PWBM, but look at the headings. They're different. Your link analyzes Biden's platform. The link I posted gets much more specific and analyzes the economic effects of Biden's tax plan.
They're from the same source, PWBM, but look at the headings. They're different. Your link analyzes Biden's platform. The link I posted gets much more specific and analyzes the economic effects of Biden's tax plan.
Then I think you’ve answered your own question. The overall platform shows GDP growth. Yours is also from March. Mine is from September.
Then I think you’ve answered your own question. The overall platform shows GDP growth.
It actually shows both decline and very minimal growth. I doubt the latter will happen, as that's not what historically has resulted from tax increases.
It actually shows both decline and very minimal growth. I doubt the latter will happen, as that's not what historically has resulted from tax increases.
How does that matter? What matters is either an increase or decrease in tax revenue. When more tax revenue comes in, the debt can be paid down. When less tax revenue comes in...? Answer the question... How does Biden plan on paying down debt with a decrease in tax revenue?
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
