How are we going to pay for all this shit?

[adav8s28]

Originally Posted by The_Waco_Kid

Clinton added 1.3 trillion to the debt overall and it was Newt Gingrich and republicans who forced Clinton to agree to a balanced budget.

The point is/was for the accounting period of 2001 for the Federal Government budget the result ended in a surplus of 130 billion dollars. Whose idea was it to use the tax tables of 2001? The Bush43 tax cuts changed the tax rate percentages that were used in the 2001 tax table.

It appears that Gingrich and the republicans did not force Bush43 to use a balanced budget. Bush43 had Federal Government budget deficits in every single year of his term as president.


https://economicsinsider.com/us-fiscal-deficit-by-year/

[pxmcc]

^^correct. Clinton got it down. dubya fucked everything up with his tax cuts and unfunded war, and it's been deficit fuckery every year since. smdh.

let's sit down like some adults at the kitchen table and figure this shit out. what fat can we cut-Medicare Advantage comes to mind-while keeping the muscle, and where can we generate more revenue without tanking the economy, like someone picking up some side hustles (and making sure Trump and Elon Musk pays their fair share). and i'm not talking about a wealth tax, which i oppose, just paying a percentage of income equal to the billionaires' secretaries..

[Tiny]

Originally Posted by Texas Contrarian

While
Sanders argues that the measure is an essentially conservative compromise that would leave most billionaires’ fortunes intact. Tesla CEO Elon Musk’s holdings, according to estimates from Sanders’s office, would go from $833 billion to $792 billion. Meta CEO Mark Zuckerberg’s would go from $220 billion to $209 billion. Amazon founder Jeff Bezos’s would shrink from $218 billion to $207 billion. (Bezos also owns The Washington Post.)

…Sanders’s revenue estimates were provided by Emmanuel Saez and Gabriel Zucman, two economics professors at the University of California at Berkeley. The economists assume a 10 percent rate of “tax evasion/avoidance,” and argue that the existing “exit tax” for renouncing American citizenship would make doing so unattractive for the targeted billionaires.

What a dumb ass. And a liar. If the billionaire’s after tax return on his net worth equals inflation, then after 30 years said billionaire would be worth 21.5% of what he started with, adjusting for inflation. Elon Musk and Bill Gates each created over 200,000 jobs. Jeff Bezos created around 1.5 million and Sam Walton 2.1 million. Get rid of the billionaire class and you’ll kneecap America.

Well, have at it Bernie, Ro, Manny and Gabe. Kill the geese that laid the golden eggs. Saez and Zucman by the way, the brains behind this, are Manchurian economists. They were infiltrated by the French to destroy American exceptionalism. Their mission is to MALF (Make America Like France.)

[eccieuser9500]

Originally Posted by Tiny

What a dumb ass. And a liar. If the billionaire’s after tax return on his net worth equals inflation, then after 30 years said billionaire would be worth 21.5% of what he started with, adjusting for inflation. Elon Musk and Bill Gates each created over 200,000 jobs. Jeff Bezos created around 1.5 million and Sam Walton 2.1 million.

Well, have at it Bernie, Ro, Manny and Gabe. Kill the geese that laid the golden eggs. Saez and Zucman by the way, the brains behind this, are Manchurian economists. They were infiltrated by the French to destroy American exceptionalism. Their mission is to MALF (Make America Like France.)

Look, the truth is . . .

[Tiny]

Originally Posted by pxmcc

… i'm not talking about a wealth tax, which i oppose, just paying a percentage of income equal to the billionaires' secretaries..

Do you think they should get a tax cut pxmcc? Well yeah, why not. Money left in the hands of the billionaires will do more good than money squandered, er sorry, spent by the federal government