TRUMPONOMICS: Tax Revenues Up Big After GOP Tax Cut

Discussion in 'Current Events' started by Josephwalker, Apr 28, 2018.

  1. Lil Mike

    Lil Mike Well-Known Member

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    Heh!

    :shocked:
     
  2. Josephwalker

    Josephwalker Banned

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    Yes "slow" is the operative word here. Steady not so much. 1.9% GDP is a number you hope to quickly pass through as you reach a GDP that indicates a robust economy. Look at it this way. Having a 1.9% GDP for eight years is just like having a minimum wage job that slowly goes up over eight years but is always the minimum wage. 1.9% GDP is a number you hope to quickly pass through as you transition from recession to a robust economy just as you hope to quickly pass through a minimum wage job on your way to a good living wage. A 1.9% long term GDP is stagnation just as a long term minimum wage job is stagnation not an "economic upswing" as some in here are laughably trying to claim.
     
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  3. rahl

    rahl Banned

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    Nobody is “claiming” anything. It is a demonstrable fact.
     
  4. ronv

    ronv Well-Known Member

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    Clearly you don't understand 38.4 billion less than last year. :)
     
  5. ronv

    ronv Well-Known Member

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    So are you a Trump 6 percenter?
     
  6. Robert

    Robert Well-Known Member Past Donor

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    I do not understand why you report a gain as a loss and do not understand why you still do not understand velocity of money.
     
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  7. Robert

    Robert Well-Known Member Past Donor

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    Trump is using correct principles thus i know it is working.
     
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  8. Robert

    Robert Well-Known Member Past Donor

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    Demonstrate it.
     
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  9. rahl

    rahl Banned

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    I did. The economy grew every year the last 8 years. It was never 0.
     
  10. Robert

    Robert Well-Known Member Past Donor

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    Link that to Obama. I assume you speak of his 8 years.
     
  11. rahl

    rahl Banned

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    Where are you getting lost? I can’t dumb it down any further for you guys.
     
    Last edited: Apr 28, 2018
  12. ronv

    ronv Well-Known Member

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    So you don't have a number. Just any number Trump tells you is good?
     
  13. ronv

    ronv Well-Known Member

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    Did you forget what the topic is?
    TRUMPONOMICS: Tax Revenues Up Big After GOP Tax Cut
    If you want to increase the velocity of money you put the money in the hands of someone that will spend it. Trump didn't do that. But that's another topic. Lets stick to this one.
     
  14. Josephwalker

    Josephwalker Banned

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    First off your claim is the Obama years were a steady upswing economically. You need to look up the word "swing". It's a transitive verb that denotes motion. Eight years of 1.9 % average GDP is not motion and is in fact the exact opposite which is stagnation. Just admit you used a poor choice of words and move on.
    Secondly the fact that you think an economy stuck at this minimum growth rate is sufficient makes me think it mirrors your personal life and you may be someone content with long term minimum wage employment. On a personal level that's fine and I would berate nobody for making that life choice but I would argue with you making that choice for the rest of America.
     
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  15. Bluesguy

    Bluesguy Well-Known Member Donor

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    You would prefer lower tax revenues or something?
     
  16. JakeStarkey

    JakeStarkey Well-Known Member

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    I would prefer you show me the tax revenue is reducing the deficit: it's not.
     
  17. Bluesguy

    Bluesguy Well-Known Member Donor

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    Not cutting tax rates as the economy grows is moronic. It keeps growing the capital in the private markets which continues to grow the economy. The government doesn't need to grow as fast as the economy and has no claim on a certain percentage of it. We grow the economy faster than we grow government and we can continue to lower tax rates.

    You seem to have this static view of tax rates vis-a-vis tax revenues that it is a one for one thing. That would be an intellectually shallow understanding of economics.
     
  18. Bluesguy

    Bluesguy Well-Known Member Donor

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    Well answer my question first

    You would prefer lower tax revenues or something?

    And you do realize it's a two part equation?
     
  19. ronv

    ronv Well-Known Member

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    Do you have a number? Are you a Trump six percenter or another what ever Trump tells me kind of guy. :)
     
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  20. rahl

    rahl Banned

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    Basic math. The economy grew every year for the past 8 years.
     
  21. rahl

    rahl Banned

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    We have lower tax revenues now because we slashed revenues. Had we not done that, we would have higher revenues.

    Basic math.
     
  22. rahl

    rahl Banned

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    Slashing revenues, in a good economy, when we are 20 trillion in debt is moronic. And is why republicans should be barred from holding and public office. Their level of incompetence is just too dangerous.

    It’s a demonstrable fact of basic math. If you slash the rates you collect revenue, you will have less revenue.
     
    Last edited: Apr 28, 2018
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  23. JakeStarkey

    JakeStarkey Well-Known Member

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    I would prefer you do good faith and show me if the tax revenue is decreasing the deficit.

    If it is not, then the tax cut was not enough, or spending was too much, or both.

    This is a still a consumer society, and if the tax cut was not enough for the middle class to drive spending, then our problem will continue.

    Voodoo economics is not working. Again.
     
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  24. ronv

    ronv Well-Known Member

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    upload_2018-4-28_17-0-27.png
     
  25. ronv

    ronv Well-Known Member

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    Just show us the data that shows the Trump tax cuts are decreasing the deficit.
    It's simple. Don't make it hard.
     

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