Tax Cuts?

[Paper1]

Fox News was my primary source of political news and opinion during 8 years of Obama. Almost daily the Network rightfully crucified Obama for deficiet spending and 20 trillion debt. Trump has proposed major tax cuts, military buildup, and a giant infrastructure spending bill. Does anyone else think it is odd Fox has given up their hard opposition to deficiet spending and barely mentions it. Even Grover Norquist is leading the cheering.

[dillywho]

Fox News was my primary source of political news and opinion during 8 years of Obama. Almost daily the Network rightfully crucified Obama for deficiet spending and 20 trillion debt. Trump has proposed major tax cuts, military buildup, and a giant infrastructure spending bill. Does anyone else think it is odd Fox has given up their hard opposition to deficiet spending and barely mentions it. Even Grover Norquist is leading the cheering.

The biggest problem I saw with President Obama's spending was that it was for his foreign interests and not this country. He and his family spent much of this country's monies on himself and his family, including the dog, as well. He advocated for cuts alright, just in all the wrong places such as the military. President Trump is working to rebuild our military, while reining in the costs from the suppliers in doing so. That is just one instance. There are many more. What is wrong with that? He is not treating taxpayer money like an open checkbook.

This is probably one reason Fox has backed off. Why not ask them.

[MDLNB]

ZZzzzzzzzzzzzz

[Paper1]

The biggest problem I saw with President Obama's spending was that it was for his foreign interests and not this country. He and his family spent much of this country's monies on himself and his family, including the dog, as well. He advocated for cuts alright, just in all the wrong places such as the military. President Trump is working to rebuild our military, while reining in the costs from the suppliers in doing so. That is just one instance. There are many more. What is wrong with that? He is not treating taxpayer money like an open checkbook.

This is probably one reason Fox has backed off. Why not ask them.

We must to talking about different Trumps, I meant the new President.

[Rockyrd]

Fox News was my primary source of political news and opinion during 8 years of Obama. Almost daily the Network rightfully crucified Obama for deficiet spending and 20 trillion debt. Trump has proposed major tax cuts, military buildup, and a giant infrastructure spending bill. Does anyone else think it is odd Fox has given up their hard opposition to deficiet spending and barely mentions it. Even Grover Norquist is leading the cheering.

I assure you I posted a number of times about economists saying Trump's plans zoom the deficit.

This should not surprise anyone. He was many times quoted as saying the economy is better under democratic majority.

Look, he is and always will be a very liberal person on economics.

Government is going to boom.

[Paper1]

Trump tweets big tax cut coming for all without offsets in spending and market pops 150 points. I'm beginning to think market is hooked on deficiet spending but that can't be can it?

[Don Baldwin]

I assure you I posted a number of times about economists saying Trump's plans zoom the deficit.

This should not surprise anyone. He was many times quoted as saying the economy is better under democratic majority.

Look, he is and always will be a very liberal person on economics.

Government is going to boom.

Trumps friends assets will boom...they'll all become very wealthy during/after their stint.

Trump tweets big tax cut coming for all without offsets in spending and market pops 150 points. I'm beginning to think market is hooked on deficiet spending but that can't be can it?

The markets rise is DUE to borrowed money pumping it up. We're in a depression being covered up by over $ trillion in borrowing a year.

[autumnspring]

Trumps friends assets will boom...they'll all become very wealthy during/after their stint.



The markets rise is DUE to borrowed money pumping it up. We're in a depression being covered up by over $ trillion in borrowing a year.

I must admit that I do a lot of reading re: investing BUT

None of it makes sense. If, money is real, it cannot simply vanish. We were told that trillions were lost in the correction. Where did it go-heaven?

I've read that of the dollars in circulation less than 20% actually exists as currency; the rest is computer records.
So, we are importing merchandise and paying in dots and dashes-HUH?

Our gold reserves, are the largest in the world. Yet, the reserves of India, China etc are growing faster than the amount of gold being mined. The federal gold reserves are not subject to public audit. Is our government embezzling our wealth?

Our gross domestic product is 19 Trillion dollars our national debt is 20 trillion dollars.

Social Security holds 42% of the national debt. There is no payment date. There is no rate of interest to be paid.
THAT MONEY IS ALREADY SUPPOSED TO PAY DEBTS OWED TO THE PEOPLE WHOSE MONEY IT IS-US. If, I asked any of you to allow me this same deal-YOU WOULD DOUBT MY SANITY.

WE ARE BEING LIED TO BY THE PEOPLE SOME OF US STILL TRUST-THE SAME PEOPLE WE HAVE NO CHOICE BUT TO TRUST.

The best way to take the eye off yourself-THE REAL PROBLEM-is to keep the people fighting themselves-CLEARLY, WE ARE BING MANIPULATED AND WE ARE COOPERATING IN THIS PLOT.

[autumnspring]

Trumps friends assets will boom...they'll all become very wealthy during/after their stint.



The markets rise is DUE to borrowed money pumping it up. We're in a depression being covered up by over $ trillion in borrowing a year.

I too do my fair share of complaining re: "very wealthy."
That thought is in plainspeak anyone who has more money than you do. If, you THINK, you will realize that YOU TOO make money in the EVIL stock market. If, you do not have personal stock market investments, you are feeling shouda, coulda, mighta. Even if you do not have personal investments if, you have a pension etc you make money in that ponsi scheme we call the stock market. By the way, the stock market is way up because our government is manipulating interest rates leaving you no safe place to put your savings.

Re: borrowing to pump up the economy.
That is classic Keynesian theory. The hard part is knowing when to stop. Other than the fact that government has never gotten this right-here we are once again.

Borrowing as far as government is not at all the same as your borrowing. Social Security holds 42% of the national debt. There is no term to the loan. There is no rate of interest-AND IF WE WHO PAID INTO THIS SYSTEM DECIDED TO CHARGE EMBEZZLEMENT, WHICH IS WHAT IT IS, WHO WOULD YOU CHARGE AND WHAT COURT WOULD YOU SUE IN?

We are uncomfortable because we know we are being had.
Your dollar is no longer backed by gold or silver it is the full faith and credit of the United States. As we read these posts. Full faith and credit of the United States is being diluted by the actions of our government.

[Don Baldwin]

I must admit that I do a lot of reading re: investing BUT

None of it makes sense. If, money is real, it cannot simply vanish. We were told that trillions were lost in the correction. Where did it go-heaven?

I've read that of the dollars in circulation less than 20% actually exists as currency; the rest is computer records.
So, we are importing merchandise and paying in dots and dashes-HUH?

Our gold reserves, are the largest in the world. Yet, the reserves of India, China etc are growing faster than the amount of gold being mined. The federal gold reserves are not subject to public audit. Is our government embezzling our wealth?

Our gross domestic product is 19 Trillion dollars our national debt is 20 trillion dollars.

Social Security holds 42% of the national debt. There is no payment date. There is no rate of interest to be paid.
THAT MONEY IS ALREADY SUPPOSED TO PAY DEBTS OWED TO THE PEOPLE WHOSE MONEY IT IS-US. If, I asked any of you to allow me this same deal-YOU WOULD DOUBT MY SANITY.

WE ARE BEING LIED TO BY THE PEOPLE SOME OF US STILL TRUST-THE SAME PEOPLE WE HAVE NO CHOICE BUT TO TRUST.

The best way to take the eye off yourself-THE REAL PROBLEM-is to keep the people fighting themselves-CLEARLY, WE ARE BING MANIPULATED AND WE ARE COOPERATING IN THIS PLOT.

Not bad for a girl...good for you...at least you're thinking.

Where did it go? The same place it came from...nothingness. It's not a zero sum condition. "Money"...fiat money...what we use...has NO intrinsic value. Meaning beyond a sh!tty piece of toilet paper...it has NO value other than the faith that someone else will take it for something that IS of value.

If you REALLY have done a LOT of reading on investing...you should know this. You should know about fiat currencies, fractional reserve banking, how the Fed "lends" the big banks "credit" that they then use to make "loans" to people. You'd know about petrodollars and how we manipulate interest rates so we can make the minimum interest payment.

Once you know all that...then you'll know how fake it all is...an entire system to take from the peasants and give to the rich.

Yes, you ARE correct...inflation has been hidden because it's all been kept on computers at the big banks. China sent us "stuff" (junky stuff, but still stuff), and we gave them computer numbers and pieces of paper in return. Pretty good deal for us...eh?

Don't count on that gold being there...

The people RUNNING government have embezzled our wealth. They've slowly stolen it all and we're $20 trillion in debt to boot.

SS bought "special" government bonds...they come with the "full faith" of the government guarantee. They'll just borrow some more when the bonds come due.

They ROLL OVER ALL the previous debt, they NEVER pay it off. So you have old debt recycled into new debt, and new debt created to pay the bills/interest. We're bankrupt, we have been...for a while.

Our military has kept us from going under and it's a REASON we have hundreds of military bases all over the world. To "convince" other countries to keep playing our little monetary game.

Yes...you ARE being lied to Sue...but you DID have a choice...you COULD have picked a not/not as corrupt 3rd party...but you caved, you listened to the propaganda about the end of the world IF you "elected the wrong person". So, you once again...you helped put a crook in office...this time an R...last time a D. They're BOTH completely corrupt.

The REAL problem is...we have thousands of problems.

The #1 priority should be to reverse the Hispanic invasion that is breeding us out of our own country. They REALLY ARE the majority of young people...under age 7, they ARE the MAJORITY. If this trend isn't stopped...we WILL be Mexico II within 30 years.

It's a mathematical certainty. It's like starting with a penny and doubling it each day...it doesn't take long to become a HUGE number. Hispanics have had 30 years of dropping anchor babies...their numbers...like that penny...are becoming HUGE.

[Bavarian]

Cutting Corpoate tax rate to 15% will spur companies to expand, hire more workers who will pay more personal income taxes. The GDP growth under Barry's eight years was 2%, President Trump plans to more than double that.
Also lowering the Corporate Income tax, currently the highest in the World, will bring companies back from overseas.

The ONE TIME 10% tax on repatriated capital held by US Companies overseas if they bring it back and invest in new plants and equipment will generate more revenue when the new income is taxed at higher Corporate rate. The public may be able to buy Infrastructure Bonds as Candidate Trump told Stuart Varney on Fox Business.

The lowering of Personal Income taxes as I heard may include the abolisment of many deductions so some may wind up paying more but tax reporting will be simplified, just like The Late Great Presidents John F. Kennedy and Ronald Reagan.

[autumnspring]

Not bad for a girl...good for you...at least you're thinking.

Where did it go? The same place it came from...nothingness. It's not a zero sum condition. "Money"...fiat money...what we use...has NO intrinsic value. Meaning beyond a sh!tty piece of toilet paper...it has NO value other than the faith that someone else will take it for something that IS of value.

If you REALLY have done a LOT of reading on investing...you should know this. You should know about fiat currencies, fractional reserve banking, how the Fed "lends" the big banks "credit" that they then use to make "loans" to people. You'd know about petrodollars and how we manipulate interest rates so we can make the minimum interest payment.

Once you know all that...then you'll know how fake it all is...an entire system to take from the peasants and give to the rich.

Yes, you ARE correct...inflation has been hidden because it's all been kept on computers at the big banks. China sent us "stuff" (junky stuff, but still stuff), and we gave them computer numbers and pieces of paper in return. Pretty good deal for us...eh?

Don't count on that gold being there...

The people RUNNING government have embezzled our wealth. They've slowly stolen it all and we're $20 trillion in debt to boot.

SS bought "special" government bonds...they come with the "full faith" of the government guarantee. They'll just borrow some more when the bonds come due.

They ROLL OVER ALL the previous debt, they NEVER pay it off. So you have old debt recycled into new debt, and new debt created to pay the bills/interest. We're bankrupt, we have been...for a while.

Our military has kept us from going under and it's a REASON we have hundreds of military bases all over the world. To "convince" other countries to keep playing our little monetary game.

Yes...you ARE being lied to Sue...but you DID have a choice...you COULD have picked a not/not as corrupt 3rd party...but you caved, you listened to the propaganda about the end of the world IF you "elected the wrong person". So, you once again...you helped put a crook in office...this time an R...last time a D. They're BOTH completely corrupt.

The REAL problem is...we have thousands of problems.

The #1 priority should be to reverse the Hispanic invasion that is breeding us out of our own country. They REALLY ARE the majority of young people...under age 7, they ARE the MAJORITY. If this trend isn't stopped...we WILL be Mexico II within 30 years.

It's a mathematical certainty. It's like starting with a penny and doubling it each day...it doesn't take long to become a HUGE number. Hispanics have had 30 years of dropping anchor babies...their numbers...like that penny...are becoming HUGE.

Not sure where you get names from.
WHY DON'T YOU POST YOURS.

[Paper1]

Cutting Corpoate tax rate to 15% will spur companies to expand, hire more workers who will pay more personal income taxes. The GDP growth under Barry's eight years was 2%, President Trump plans to more than double that.
Also lowering the Corporate Income tax, currently the highest in the World, will bring companies back from overseas.

The ONE TIME 10% tax on repatriated capital held by US Companies overseas if they bring it back and invest in new plants and equipment will generate more revenue when the new income is taxed at higher Corporate rate. The public may be able to buy Infrastructure Bonds as Candidate Trump told Stuart Varney on Fox Business.

The lowering of Personal Income taxes as I heard may include the abolisment of many deductions so some may wind up paying more but tax reporting will be simplified, just like The Late Great Presidents John F. Kennedy and Ronald Reagan.

Any corporate tax cuts and low capital gains taxes should be directly tied to actual job creation not a blanket percentage reduction. Lower capital gains have done little to stimulate actually job creation but have made people a great deal of tax free money while contributed mightily to national debt. IMO

[Don Baldwin]

Not sure where you get names from.
WHY DON'T YOU POST YOURS.

I'm MAGIC...a pantomath...omniscient

And you're not...woman.

How about acting like a man and discussing the post. Did you already know about the things I said? Did you "research" them? Something tells me no.

Because ALL you got out of that reply was..."how does he know who I am?"

Any corporate tax cuts and low capital gains taxes should be directly tied to actual job creation not a blanket percentage reduction. Lower capital gains have done little to stimulate actually job creation but have made people a great deal of tax free money while contributed mightily to national debt. IMO

And they GOT all that money by "contributing" to political candidates. It's the best, most profitable, investment there is.

[MDLNB]

Any corporate tax cuts and low capital gains taxes should be directly tied to actual job creation not a blanket percentage reduction. Lower capital gains have done little to stimulate actually job creation but have made people a great deal of tax free money while contributed mightily to national debt. IMO

Capital gains taxes hurt the retirees that have pensions that depend on income generated by the market. Not all folks that own stock are rich. Apparently, the left believes that Wall St is only for rich people.

[ColdNoMore]

Cutting Corpoate tax rate to 15% will spur companies to expand, hire more workers who will pay more personal income taxes. The GDP growth under Barry's eight years was 2%, President Trump plans to more than double that.

Also lowering the Corporate Income tax, currently the highest in the World, will bring companies back from overseas.

Bull! :oops:

If the demand/customers are present...they will hire and expand regardless.

Any tax cuts will be used to bolster stock price/company value, which is how upper management is evaluated...AND ON WHICH THEIR BONUSES ARE BASED.

They will simply be snickering...all the way to the bank.

How so many simpletons on the right fail to understand this...continues to boggle my mind. :ohdear:

[Paper1]

Capital gains taxes hurt the retirees that have pensions that depend on income generated by the market. Not all folks that own stock are rich. Apparently, the left believes that Wall St is only for rich people.

I'm afraid you swung and missed with that post. Poor retirees are a very small percentage of those profiting from low capital gains tax. Should be taxed as regular income as is interest from a CD.