mastermind
Rest In Power Kobe
she started going to the gym and working out with those anorexic white girls
Alexandria Ocasio Cortez - "Not All Dems Are The Same"
- Thread starter AnonymityX1000
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Secure Da Bag
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King Kreole
natural blondie like goku
Because it's true and she doesn't have Trump Derangement Syndrome like most #Resistance libs?
She barely ever even mentions Trump, she looks beyond him. The problems she's aiming at are much deeper and bigger than him.
Perfectson
Banned
You still don't understand, so let me explain it to you in economics
1) You keep connecting deficit spending personal spending , you are the only one fighting and debating this. No one that I've seen has stated this or connected the two, so let's drop this answer as it's moot.
2) What happens when America keeps printing and over printing USD?
a) the Time value of our money/savings/purchasing power will diminish year over yaer and/or comparably with other nations. This will either sink our nation due the devaluation of the USD and/or inflation of good. The downward spiral is of course recessions and depressions...why couldn't America print their way out of the Great Depression? This has nothing to do with running out of paper money, it's the actual economics behind the system which you initially minimalized to numbers on a computer.
b) The money we continues print which causes devaluation of the USD, will eventually cause us not to meet our obligations to other countries = in order for that to happen we would have to increase taxes to pay or bills, the increased taxes to pay other countries will of course create a downward drain on domestic purchasing power or household spending, which will result in...ding ding ding recession
c) this devaluation will then cause a decrease in governemnt benefits, so all that deficit spending that was absorbed now will then be cut in the future. Its the same problem you're seeing with social security when they keep moving up the age, eventually they will have to figure out how to pay it or reduce it.
d) once the government is broke it will be unable to actually help citizens and create the ecosystem and infastructure that we currently have.
I can easily point to you to the Greek debt crisis. You clearly don't fully understand the economics so perhaps brush up on what happened to Greece who also though they could deficit spend their way into socialist programs. US is protected because of the status of the currency but that could wane especially with the potential digitalization of currency...you and others are freely betting things stay the same in this regard and that countries will always eat up America's debt to fund Americas expenditures.
You believe America is printing money to pay for social security? LOL Social security is paid for by Social Security Tax , I'm not 100% but I'm doubtful any of it is coming from new money supply. That money is tyically reserved for banks and paying interest on the debt! Again you may be right on the Social SEcurity but you'r enot fully grasping what's going on.
Perfectson
Banned
Secure Da Bag
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Perfectson
Banned
so wait, no one is gonna say anything about her plan isn't to cut military or anything
she wants to tax the rich at 70%?
(edit i realized she said it was a progressive tax)
who do you think this hurts THE MOST? Does this hurt the uber wealthy with generaltional wealth or the new millionaires who are coming from the middle class or poor class (i.e. sports starts). This is what I've been talking about , socialists prevent movement outside of your caste and ensures you stay in your caste til death and only supports those who have generational wealth to keep control of things.
she wants to tax the rich at 70%?
(edit i realized she said it was a progressive tax)
who do you think this hurts THE MOST? Does this hurt the uber wealthy with generaltional wealth or the new millionaires who are coming from the middle class or poor class (i.e. sports starts). This is what I've been talking about , socialists prevent movement outside of your caste and ensures you stay in your caste til death and only supports those who have generational wealth to keep control of things.
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PoorAndDangerous
Superstar
Eisenhower, a republican president taxed the highest bracket at 90%. This literally hurts no one I don't know why you feel such sympathy for such a small tiny group of people who have been stealing wealth from the middle class for decades
Russian Bot v.2.1
Banned
Damn....420,000 likes.
that dance video just boosted her popularity like 10 fold. The troll who posted the video deleted his page. I hope he deleted his life while he was at it...
that dance video just boosted her popularity like 10 fold. The troll who posted the video deleted his page. I hope he deleted his life while he was at it...
Perfectson
Banned
This has nothing to do with partisianship - this does hurt those who are moving up from middle class to rich , generational wealth who are heavy in investments aren't paying this tax! this does not hurt htem at all nor does it anyway keep them paying into the system. Either way, I have edited by response as i realized she was discussing a progressive tax, so I would need to see her brackets before making a full analysis of this - however the points I made are valid just the math example was incorrect. Also reviewing some of hte preliminary numbers that 70% progressive increase would not be enough to fund the deal!
the effective tax rate of rich are the same as the 1950s btw - so what's your rebuttal to that?
King Kreole
natural blondie like goku
America has been printing money from its inception, so...nothing? The only time "over-printing" is an issue is when there is too much money in the economy which triggers inflation.
America literally did print their way out of the Great Depression. The New Deal was a massive program of deficit spending. So was the '08 recession "recovery". What I call "numbers in a computer" were just "numbers in a Treasury ledger" back in those pre-computational days, the fundamental logic behind the acts is the same. The US government doesn't need to tax to spend, which renders PayGo a stupid, erroneous idea, and the country won't collapse due to increasing deficit or debt numbers, it never has, and it never will as long as it is the sole issuer of its currency. It can collapse from inflation, it can collapse from unemployment (recession/depression), or it can from the social good being neglected, but it can and will never collapse from being in debt of a currency it is the sole issuer of lol.
As the sole issuer of US currency and sole legitimate taxing authority, the US government has the power and tools to increase or decrease the money supply as it sees fit. This means that if there is too much money in the economy, leading to devaluation of the USD and inflation, then the US can simply increase tax rates to contract the amount of money in the economy. The process you're describing is wrong because the US does not need to "raise taxes to pay its bills", it raises the taxes to take money out of the economy and avoid inflation. Also, recessions aren't inevitably caused by raising taxes, otherwise every tax hike would lead to a recession. Inflation and uneployment are usually inversely correlated, so unless there is a deeper problem with the economy in your scenario (like high unemployment, meaning stagflation, in which case you have to pick your poison like Volcker), you're not going to enter a recession by raising taxes.
Here's the crucial point: the money the US government taxes in isn't then used for spending. The US doesn't pay bills. In fact, if you look at the actual governmental process, expenditures are handled before addressing income. When spending, the US government doesn't look in the national wallet to see if it has enough, it just spends. It can do that because it is the sole issuer of US currency, and as such, it always has enough money for whatever it wants to spend on. The taxes it takes in are literally numbers on a computer. There's no big vault you send your tax dollar bills to that the US then goes into when it wants to spend lol. Again, that doesn't mean those numbers aren't important, it just means they don't abide by the financial physics you or I abide by. We have to acquire before we spend (PayGo), the government doesn't.
Deficit spending does not have to be equalized in the future, because there is absolutely no harm of the US government being in deficit. Cuts to spending done on the basis of government debt is a long-term conservative project based on a faulty understanding of how the the economy works. They've sold a lot of people on the lie that the government spends money like a private household, which is why I keep bringing that up. It's the only way to justify the idiotic idea of cutting benefits and spending to work down the debt. The government can afford to pay for Social Security and the Green New Deal and M4A and whatever other "expensive" progressive plan. The money is there because the government creates it out of thin air, like they do with all existing government expenditures. You just have to worry about inflation. That's the upper boundary of spending, not deficit or debt.
The US government by definition cannot go broke. It's like how Amazon cannot run out of Amazon gift cards.
My guy...refresh my mind...what currency was Greece using when they fell into their debt crisis again?...
Perfectson
Banned
Secure Da Bag
Veteran
oh the russian agent deleted his page?
Conservative idiots lost their minds over a college student dancing.... while in college. You don't need to be a russian agent for that. Only a troll with a day off from work. This isn't top-notch spywork going on here.
Secure Da Bag
Veteran
Perfectson
Banned
Wrong - it's basic economics over pritning devalues the dollar especially if no one buying , it's supply an ddemand, you keep saying it trigger inflation, it triggers all the stuff i mentioned above as well
the new deal established safeguards, the opening of the money supply did help us get out of the depression but that was after the money supply was choked off by paranoia . We are talking apples and oranges and Recession or Depression caused by too much money and a devaluation of the USD is not something that can be repaired simply by creating more money supply and spending it
are you serious, tf?wrong. Social SEcurity TAx is used to pay it's Social SEcurity. What you're stating is a complete fallacy, I appreciate you're googling now and trying to use what you just found in the argument but is wrong. The fed has the job to combat inflation and you're seeing what they are doing, it's not raising taxes (which is not their remit) it's by increasing rates or decreasing bond prices...
wrong again (partly), in my scenario I specifically stated for the US to pay it's bills (interest payments) and with a devalued USD because of deficiet spending and money printing, the only option to pay the bills would be tax citizen to get the money supply out, printing more money to pay the bill will only furhter devalue the domestic holdings and create more of a downward spiral. You aren't acknowledging all the pieces here.
we aren't talking about being in a deficit, we are talking about deficit spending at the levels we are at and the outcome of that. What I'm stating is pretty common economics and only fringe economists have even remotely stated anything close to what you're stating and of course their's no example of this because no one has run up a debt quite like the US has.
wrong again - Amazon gift cards are plastic cards, it has nothing to do with valuation, which what bankrupt is about. If you the USD devalues to the point the US can't meet it's obligation they are bankrupt/broke!
My guy...refresh my mind...what currency was Greece using when they fell into their debt crisis again?...
how does that make a difference, you seem to think the US can't go bankrupt, how did Greece go bankrupt when all they had to do is print more money or tax or whatever else you believe happens in those "just numbers" examples.