Corrected title: Now the GOP has accomplished massive tax reform

[Puffnstuff]

In the world of Trumpenomics:
Cutting taxes on the rich is good.😱
Raising taxes on the poor is good.😱😱
Go figure.

 

[Jhhnn]

Stop whining. The only reason you're not rich is because you don't work hard enough. You should be ashamed of yourselves. Get a job. Fuck your feelings. Build the wall. Merricuh- hell, yeah...

 

[Ajay]

It's not stupid if your goal is to destroy the govt of the people & put even greater power in the hands of the financial elite.

Ugh! Sad, true, but very sad. Trump's base will think this is a win - pardon me while I go vomit.

 

[J.Wilkins]

In the world of Trumpenomics:
Cutting taxes on the rich is good.😱
Raising taxes on the poor is good.😱😱
Go figure.

Well, you elected this clown.

Well perhaps not YOU per say, most votes don't actually count at all and for some people their votes count three times as much as others... In the so called "democracy" where you elect a so called "president" to represent some of the people.

You do realize that your other choice would have been the same choice? That until you end lobbyists influence you'll always be at the mercy of the very wealthy?

I'm not telling you this to shit on your nation, with your last election you have covered it in diarrhoea to a point where I could not compete if I tried. I'm telling you this because you are an idiot who thinks that the "other party" would be different when time and time again it's the poor gets poorer and the rich get richer no matter who the fuck is in charge.

Sure, throw the poor a few scraps and you'll get their support but is that really the way to go? Wouldn't it be more productive to fix the problem and ensure that most people could at least make a living without subsidizing multi billion dollar businesses with paying most of the wages for their employees through food stamps and such?

There is a point to my insanity, the point being that throwing money on an inherent problem won't do anything but subsidizing the problem, something that progressives in America hava real hard time getting because that is the only way out you can possibly imagine.

 

[Puffnstuff]

Well, you elected this clown.

Well perhaps not YOU per say, most votes don't actually count at all and for some people their votes count three times as much as others... In the so called "democracy" where you elect a so called "president" to represent some of the people.

You do realize that your other choice would have been the same choice? That until you end lobbyists influence you'll always be at the mercy of the very wealthy?

I'm not telling you this to shit on your nation, with your last election you have covered it in diarrhoea to a point where I could not compete if I tried. I'm telling you this because you are an idiot who thinks that the "other party" would be different when time and time again it's the poor gets poorer and the rich get richer no matter who the fuck is in charge.

Sure, throw the poor a few scraps and you'll get their support but is that really the way to go? Wouldn't it be more productive to fix the problem and ensure that most people could at least make a living without subsidizing multi billion dollar businesses with paying most of the wages for their employees through food stamps and such?

There is a point to my insanity, the point being that throwing money on an inherent problem won't do anything but subsidizing the problem, something that progressives in America hava real hard time getting because that is the only way out you can possibly imagine.

You act like the UK is all peaches and cream while you attempt to isolate political refugees.😱😛

 

[J.Wilkins]

You act like the UK is all peaches and cream while you attempt to isolate political refugees.😱😛

I do? Where did I do that.

Point it out to me because as far as I know I haven't even mentioned the UK.

Your problems is that you are still going with a "us vs them" which is exactly why you have Nazis marching in the streets and are deathly afraid of thinking outside your very narrow worldview.

Perhaps if you dealt with your own problems rather than whining about all other nations you'd do better.... But that won't happen at any point in time.

 

[fskimospy]

Well, you elected this clown.

Well perhaps not YOU per say, most votes don't actually count at all and for some people their votes count three times as much as others... In the so called "democracy" where you elect a so called "president" to represent some of the people.

You do realize that your other choice would have been the same choice? That until you end lobbyists influence you'll always be at the mercy of the very wealthy?

I'm not telling you this to shit on your nation, with your last election you have covered it in diarrhoea to a point where I could not compete if I tried. I'm telling you this because you are an idiot who thinks that the "other party" would be different when time and time again it's the poor gets poorer and the rich get richer no matter who the fuck is in charge.

Sure, throw the poor a few scraps and you'll get their support but is that really the way to go? Wouldn't it be more productive to fix the problem and ensure that most people could at least make a living without subsidizing multi billion dollar businesses with paying most of the wages for their employees through food stamps and such?

There is a point to my insanity, the point being that throwing money on an inherent problem won't do anything but subsidizing the problem, something that progressives in America hava real hard time getting because that is the only way out you can possibly imagine.

By all means enlighten us as to the ideas you have that American progressives haven’t thought of!

 

[Puffnstuff]

I do? Where did I do that.

Point it out to me because as far as I know I haven't even mentioned the UK.

Your problems is that you are still going with a "us vs them" which is exactly why you have Nazis marching in the streets and are deathly afraid of thinking outside your very narrow worldview.

Perhaps if you dealt with your own problems rather than whining about all other nations you'd do better.... But that won't happen at any point in time.

I'm sorry but I'm about to fall out of my chair laughing at you and your attempts to single out and abase my country. We are a free land and as such are free to believe whatever we wish to believe. If people want to march in the streets desiring an ice cream holiday then that is their prerogative. People are free to hate, kneel, cross-dress, smoke, drink curse or whatever they wish to do as long as they don't infringe upon the rights of others or break the law and I don't want it any other way.

You go ahead and cry while we roll coal in our 8 thousand pound full size pickups toting automatic weapons and eating cheeseburgers while drinking beer. This is the land of the free and the home of the brave. Remember that the next time one of our carrier battle groups has to deploy somewhere on the planet to stop something stupid or render humanitarian assistance. Nobody else does more for this planet than the United States of America does and everybody knows it.

 

[J.Wilkins]

By all means enlighten us as to the ideas you have that American progressives haven’t thought of!

I'm quite the fan of Hillary so... It's the people that are the problem, not the potential leadership that they don't vote for because you don't have actual democratic elections.

But off of the top of my head, raise minimum wage to a living wage, end corporate welfare even if it costs job and support the workers.

I know, I know, unions are evil but they can be good if the actual workers are the unions. That is how it works in other nations.

 

[J.Wilkins]

I'm sorry but I'm about to fall out of my chair laughing at you and your attempts to single out and abase my country. We are a free land and as such are free to believe whatever we wish to believe. If people want to march in the streets desiring an ice cream holiday then that is their prerogative. People are free to hate, kneel, cross-dress, smoke, drink curse or whatever they wish to do as long as they don't infringe upon the rights of others or break the law and I don't want it any other way.

You go ahead and cry while we roll coal in our 8 thousand pound full size pickups toting automatic weapons and eating cheeseburgers while drinking beer. This is the land of the free and the home of the brave. Remember that the next time one of our carrier battle groups has to deploy somewhere on the planet to stop something stupid or render humanitarian assistance. Nobody else does more for this planet than the United States of America does and everybody knows it.

Single out? Who else elected Trump and is calling Nazis good people?

I know you are all pissy because I revealed the truth to you about the US support of Nazi Germany and the murder of the Japanese for no reason what so ever but come on, there are some things in your history to be proud of, some things where you didn't fall all that long behind us in doing... I can't think of anything right now but I'm sure there is something.

No one gives a fuck about your military might but you, you love to give the rich more money and THAT is the reason why you spend all those hundreds of billions on shit you don't need.

When it comes down to it you can't even lead an offensive which is why the UK went first in both Afghanistan and Iraq. Perhaps less teaching your population how to root for authoritarianism and more time spent on training your troops would be a good thing?

I don't think we'll be relying on NATO much longer anyway and you can go fight your own wars of aggression then.

 

[fskimospy]

I'm quite the fan of Hillary so... It's the people that are the problem, not the potential leadership that they don't vote for because you don't have actual democratic elections.

But off of the top of my head, raise minimum wage to a living wage, end corporate welfare even if it costs job and support the workers.

I know, I know, unions are evil but they can be good if the actual workers are the unions. That is how it works in other nations.

So basically your ideas are the same ones American progressives have.

This is not special or interesting.

 

[J.Wilkins]

So basically your ideas are the same ones American progressives have.

This is not special or interesting.

No, not in the least. You see people like Obama might have expressed such ideas but when dealing with the reality he had to go the same way Trump has gone.

You have a system where any change can simply be forbidden if the lobbyists wants it to.

You don't have an open system, you don't have a system where parties can enter your congress or senate with some votes, you have a system that is meant to support the 1% and no matter who is in the white house or congress, that is what they do.

Your failure is not the ideology of the voters or the hope of politicians outside of the system, your problem is that in the end it doesn't matter.

Our problem is similar but different which is WHY I'm not Labour or Tory. The seats taken cannot be taken away and in compromise they do matter, not even a majority coalition can always get their way here.

 

[fskimospy]

No, not in the least. You see people like Obama might have expressed such ideas but when dealing with the reality he had to go the same way Trump has gone.

You have a system where any change can simply be forbidden if the lobbyists wants it to.

You don't have an open system, you don't have a system where parties can enter your congress or senate with some votes, you have a system that is meant to support the 1% and no matter who is in the white house or congress, that is what they do.

Your failure is not the ideology of the voters or the hope of politicians outside of the system, your problem is that in the end it doesn't matter.

Our problem is similar but different which is WHY I'm not Labour or Tory. The seats taken cannot be taken away and in compromise they do matter, not even a majority coalition can always get their way here.

You’ve shown from your posts here that you have little to no understanding of how America works or what policies various administrations have put in place. (Or even lobbying for that matter)

I already showed you in another thread that taxes on the rich went up dramatically under Obama when you made a similar wrong claim. I don’t fault you for your ignorance of America but I do fault you for continuing to be ignorant after someone showed you better.

 

[J.Wilkins]

You’ve shown from your posts here that you have little to no understanding of how America works or what policies various administrations have put in place. (Or even lobbying for that matter)

I already showed you in another thread that taxes on the rich went up dramatically under Obama when you made a similar wrong claim. I don’t fault you for your ignorance of America but I do fault you for continuing to be ignorant after someone showed you better.

Yeah, see I do get lobbyism and in the case of US politics lobbyism can be promised work for your kids or direct monetary donations right into your checking account which is a bribe.

How is the tax rate relevant when they don't pay it, sure, they may pay twice of next to nothing but is that even relevant?

My point is that eliminating the problem of deductions for megacorps would keep them on an even level (and this has to do with corporate taxes, i don't know where you got the idea of income taxes for rich people, they don't pay any since they don't have incomes) with the smaller companies and allow for a more level playing field.

Apparently you have misread every single thing I've stated in three thread, i don't blame you though, you're probably just an idiot.

 

[fskimospy]

Yeah, see I do get lobbyism and in the case of US politics lobbyism can be promised work for your kids or direct monetary donations right into your checking account which is a bribe.

How is the tax rate relevant when they don't pay it, sure, they may pay twice of next to nothing but is that even relevant?

My point is that eliminating the problem of deductions for megacorps would keep them on an even level (and this has to do with corporate taxes, i don't know where you got the idea of income taxes for rich people, they don't pay any since they don't have incomes) with the smaller companies and allow for a more level playing field.

Apparently you have misread every single thing I've stated in three thread, i don't blame you though, you're probably just an idiot.

I linked effective rates, which is what people actually pay, not statutory ones. In fact, I linked that directly in response to you saying almost the same exact wrong thing. You are shockingly ignorant about something you apparently harbor strong opinions on.

Why not just admit you don’t know what you’re talking about and try to learn something from Americans about their own country? You’re really making the U.K. look bad here if you’re any example of what their education system puts out.

 

[Puffnstuff]

Apparently you have misread every single thing I've stated in three thread, i don't blame you though, you're probably just an idiot.

Presented without comment.😀

Why not just admit you don’t know what you’re talking about and try to learn something from Americans about their own country? You’re really making the U.K. look bad here if you’re any example of what their education system puts out.

He can't help it brother. He doesn't understand the world outside of his tiny flat and uses a blustery tone to help compensate for other areas.😛

 

[fskimospy]

Presented without comment.😀

He can't help it brother. He doesn't understand the world outside of his tiny flat and uses a blustery tone to help compensate for other areas.😛

I always find it funny when stupid people think they can cover up their stupidity by trying to bluster by people or shout them down. Legendkiller used to try that shit all the time and apparently didn’t realize it wasn’t intimidating, it was funny and a bit sad.

 

[Jhhnn]

Who the Repubs are trying to serve-

https://www.cbpp.org/research/feder...are-tax-cuts-on-400-highest-income-households

 

[Genx87]

Floating out there...

Cutting corporate tax rate from 35 to 20
Cutting top tax rate 39.6 to 35%
RAISING bottom tax rate from 10 to 12
Going from 7 tax brackets to 3 **
Doubling standard deduction
Removing head of household filing status
Removing individual deductions (i.e. no more claiming your kids, yourself, etc. for a deduction)
Removing mortgage and state/local tax deductions
Repeal Estate tax
Repeal alternative minimum tax

This has all the writing of making it confusing to slip a tax raise on the lower and middle classes without them even knowing it while cutting massively the taxes for those at the top.

** This one has the potential to really kick lower and middle class people depending on the bracket rates and where they stop / start.

The things I saw floating around raised the standard deduction by quite a lot. It all depends on what the effective rate ends up under this plan. The AMT needs to be repealed or re-scaled to it original intention. As house hold incomes grow more and more get caught within its grasps.

 

[Engineer]

The things I saw floating around raised the standard deduction by quite a lot. It all depends on what the effective rate ends up under this plan. The AMT needs to be repealed or re-scaled to it original intention. As house hold incomes grow more and more get caught within its grasps.

Double the standard deduction. However, if the personal exemptions are removed (as reported), a family of four who doesn't itemize normally would end up owing more, especially if the dependents were 17 or older and didn't qualify for the child tax credit. Personal exemptions, IMO, will be nearly impossible to pry away from the people.

 

[Mai72]

Seems like Trump is stuck in the past.

Big cooperations are going to get HUGE tax breaks for bringing back jobs. Sounds great in theory, but what is going to stop them from automating their factories and warehouses? Trump can't tell them that they can't automate. That would be unacceptable. I seems that Trump is in the dark.

 

[TheVrolok]

Seems like Trump is stuck in the past.

Big cooperations are going to get HUGE tax breaks for bringing back jobs. Sounds great in theory, but what is going to stop them from automating their factories and warehouses? Trump can't tell them that they can't automate. That would be unacceptable. I seems that Trump is in the dark.

The middle and lower classes while end up paying more, practically, in taxes and then businesses will get financial incentives to reduce the employment of those very groups. Fairly unfortunate.

 

[rvborgh]

The public sector (ie Fed gov/Fed Reserve complex) has to run a continual deficit in order to supply the extra base money the private sector needs... that is the way the system is designed. Its got nothing to do with fiscal responsibility really. It used to be that the people held the reserves or could redeem paper dollars for them (gold standard). Now the government has to issue the reserves (US national debt), and the private sector is dependent on that (because the private sector can only create credit from debt that must be paid back in contrast to the Fed Gov which can create credit from debt that does not have to be paid back and isn't designed to be paid back just continually rolled over). If the Fed gov didn't run a large enough deficit we would be seeing deflation and massive bankruptcies in the private sector.

If they are proposing large tax cuts, it's going to have the same result that it did under GWB and Reagan. The deficit and debt will mushroom. Trump wants to raise military and border security spending, and he doesn't have anywhere near the cuts necessary to cover the budget shortfall. Amazing that so many people still think the GOP is the party of fiscal responsibility when it's past history and current actions scream the opposite.

 

[Jhhnn]

Seems like Trump is stuck in the past.

Big cooperations are going to get HUGE tax breaks for bringing back jobs. Sounds great in theory, but what is going to stop them from automating their factories and warehouses? Trump can't tell them that they can't automate. That would be unacceptable. I seems that Trump is in the dark.

They get huge tax breaks whether they create jobs or not.

Because it'll all trickle down.

 

[BigDH01]

The public sector (ie Fed gov/Fed Reserve complex) has to run a continual deficit in order to supply the extra base money the private sector needs... that is the way the system is designed. Its got nothing to do with fiscal responsibility really. It used to be that the people held the reserves or could redeem paper dollars for them (gold standard). Now the government has to issue the reserves (US national debt), and the private sector is dependent on that (because the private sector can only create credit from debt that must be paid back in contrast to the Fed Gov which can create credit from debt that does not have to be paid back and isn't designed to be paid back just continually rolled over). If the Fed gov didn't run a large enough deficit we would be seeing deflation and massive bankruptcies in the private sector.

The MMT message is getting through!