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Posted on 10/27/2021 9:00:25 AM PDT by SeekAndFind
The federal government collected a record $4,045,979,000,000 in taxes in fiscal 2021. In FY 2017 the Federal government collected $3.3 Trillion. This means that after Trump and the Republicans passed the tax rate cuts that went into effect in 2018, revenues up over $700 billion per year after 3 years.
So why do most journalists and other Democrats keep claiming that Trump’s tax cuts cost the government trillions of dollars? They intentionally mislead the public because that is clearly false. Why do they continue to use the CBO’s predictions instead of actual numbers? T0he tax cuts that cost the government less than zero, unlike those massive spending programs that Biden and most of the media and other Democrats are proposing.
Why would anyone with common sense propose raising tax rates, which would slow economic growth, when the lower rates raised much more money?
No reasonable person would propose taxing anyway on unrealized capital gains which are not income by any definition. Lawyers, appraisers, accountants, and consultants would have a field day challenging IRS on valuations.
There is also no way for the CBO or anyone else to make a reasonable estimate of revenues this new tax would raise, as Democrats pretend they will pay for their “human infrastructure”bills and as Biden claims falsely that massive spending bills cost zero.
Most billionaires today were not billionaires twenty years ago. Capitalism and low tax rates allow people to move up the economic ladder. Socialism and high taxes make the government stronger and intentionally holds people down while striving to make more people dependent on the government.
The choice is easy!
(Excerpt) Read more at americanthinker.com ...
You are confusing Truth with facts.
Why would anyone with common sense want to inject $3.5 trillion of fiat money into an economy which already has high inflation ?
Obama actually answered this question. He said, “At some point, it’s not about money. It’s about fairness.”
I guess that means if they take away money you earn, then they make people who don’t work for money more equal with you. Fair, eh?
Jackass stinking thinking.
to crash the USA
Common sense is the keyword.
They have none.
Liberals and "common sense" are mutually exclusive properties. They don't think; they feel.
Punishment is an essential tool of an economic system rooted in envy, like Marxism. It’s okay if everyone loses, as long as you hurt the one you loathe.
Facts, logic, and the lessons of history mean nothing to Democrats.
Emotions and ideology drive everything they do.
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There's your answer. They have none.
BECAUSE THEY ARE ANTI-HUMAN AND ANTI-HUMANITY!
The author seriously does not know? It's no wonder we are losing our country to communists.
A tax cut for people is an dependency on Congress cut. It’s also their money anyway, not yours, just as your property, real or personal, and even your lives are theirs to do with as they please.
We will have nothing and be happy with it is a long-standing tradition, not a new thing.
The answer is to implement control by the few. There is more than enough money for the elites. What they want is to CONTROL the money. Taxes keep people from accumulating wealth and thus make them easy to control.
Ask yourself a question. If you were a would be commie totalitarian which situation do you think would be easier to take over. A 20 trillion dollar economy with economic freedom and prosperity for all or a 10 trillion dollar economy of impoverished and dependent serfs?
Obama told half the truth. It's not about the money. (10 Trillion is plenty for the few commie elites)
Tax rate cuts that went into effect in 2018, revenues up over $700 billion per year after 3 years.
Case closed
Keynes postulated that in bad times to spend freely but in good times to cut spending.
His belief that real world politicians would do this display his utter failure as a philosopher (the Ph in PhD) and his duty to understand humanity, how actual humans behave.
All real world politicians learned from Keynes is an excuse to spend freely.
But in good times they do not cut spending, only seeing an opportunity to spend.
Thus the only constant is to increase spending, good times or bad, and that exactly comports with the ambitions of the political class to grow their power.
And that was the case without these idiots adding a “moral” dimension to spending, so that they think spending is meeting people’s basic needs in some weird abstract sense.
Thus we have finally arrived at the point that they are far, far past mere “pump priming” to inject money into the economy. They are past Colonel Sanders in Spaceballs insisting that they cannot stop without slowing down … they’ve gone to plaid and must never, ever slow down!
In fact these spendthrift loons are like the sex fiend in the book Dr Sax … only instead of constant masturbation for service of their sexual addiction they are constantly spending because they are servicing what must surely be a fetish too, maybe not literally sexual but ideologically it may was well be.
It’s not about raising revenue...it’s about the destruction of America.
Look at the outcome and that will tell you the goal. We make the mistake of assuming the enemy wants a booming robust economy of happy people living the dream.
The DC and Bankers junta wants America flattened and ready for their benevolent centrally planned global economy.
They keep talking about “Build back better”. Think real estate. You can’t do that until you bulldoze the old house on the lot.
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