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He's the one. That gave the rich tax breaks, when he was in office.
OK. You are now running for the Presidency of the USA. What are your policies on fixing the debt and deficit problems? Do you really think that proposing them out loud now will get you elected? Or does a one-term president have the freedom to do what must be done to avoid a financial catastrophe?
Unless the corporation enjoys an unregulated monopoly, tax cuts will pass through to consumers as competition causes downward pressure on prices. Also, spurs corporate investment increasing jobs, sends less money to the bloated Leviathans in Washington (starve the beast).
What makes it harder on borrowers is government borrowing that crowds out the consumer in the credit markets.
The Republicans do borrow slower, and that's a good thing.
Did the tax breaks spur growth and create jobs? If you are talking about rich households, I agree. Didn't Biden continue Trump's tax plan till 2024? I am not sure he rolled back anything that he campaigned on.
How does any household fix its debt?
Probably not but it shows Trump is as dumb as all the rest. I disagree with his policy because it's inflationary.
What is this financial catastrophe you speak of?
I get you some pass through but the downward pressure comes from demand/ supply.
The government borrows money from the sale T bills and bonds.
Can
What the rich did with their wealth because of low interest rates pushed real estate prices beyond reach for me and many other Americans. Created zombie companies and the current commercial real estate crisis.
Answer a question with a question is a deflection.
There you go. The third rail problem affects both parties.
www.bls.gov
Answer a question with a question is a deflection.
Yes. And that is the point. The demand curve does not shift but the supply curve does based on after-tax-income increases; the supply curve to shifts to the right (cp) lowering prices.
No. However, I suppose I could but what would that exactly mean in this thread on Trumponomics, he was only president from 2016 -2019? If you have researched the data, kindly post it.
Some perhaps. Do you have some data to back up this assertion?
I figured you would understand. Stop Spending or get a different job with higher pay. With the government's higher tax receipts and less spending same principle.
What does this have to do with the price of rice in China? We are talking about this next economic plan and it's inflationary.
Wrong, the demand curve shifted in 2020 with stimulus checks and then the supply chain shock. Demand and supply affect each other. The monetary policies of the Federal Reserve are solely designed to slow demand down that is why Powell wants to see unemployment rise. (Phillips Curve)
The question you didn't answer is 20 million dollars a good wage for the CEO's. how about 100 million? Take the time to look you'll see that not all the tax breaks trickled down.
You are the one who says Republicans spend slower were you trying to make Republicans sound better than Democrats? In my eyes, both parties are spending us into oblivion. I've mentioned in the OP about debt. This thread is about what he plans to do in 2024 and it stinks in my opinion.
For one I tried to buy a house in 2021 and 22 and was overbid 6 times by investors 20k over asking price. The data is on the internet and you can look it up.
The question was: What are your policies on fixing the debt and deficit problems? Which categories below would your policies target to reduce spending? (Over 50% of spending is mandatory.)
fiscaldata.treasury.gov
Maybe. Cheap energy produced in the USA would lower prices for almost everything we buy and reduce our dependence on foreign oil.
First, Trump wasn't president after January 24, 2021.
I did answer the question. The CEO's income is determined, as it should be, by the Compensation Commitee of the Board of Directors. And their income is often largely determined by their performance and awarded in stock options. Are you now also claiming that CEO's have special tax breaks? Got any evidence in support?
And I've asked you what policies would you advocate to reduce spending that do not stink?
An anecdote does not disclose an economic trend. The value of real estate is exactly what a willing buyer and a willing seller agree to. Apparently, you were unwilling to make a fair offer to the seller.
You picked one item that I didn't complain about but looking at the geopolitical situation we are going to see swings in oil costs unless we quit exporting and take care of Americans first.
Why do you sound like a broken record? You keep mentioning the past. See, I don't have a fetish for Trump so when you bring up history it doesn't mean anything to me because we are working on 2024. My kid's future.
You don't have to ask me just Google it there are a few ideas. My thoughts on two items quit borrowing from SS and end the endless wars that the Republicans started. Healthcare costs could be reduced by educating the public with the latest science but that won't happen because our government is in bed with food corporations. You must be a new Republican because you don't remember all the fear talk about debt from the Republican party around the Obama admin. Now Republicans pat themselves on the back when they spend Trillion every hundred days.
Again you will have to think about what I wrote. The buyers happened to be corporations and investors that jacked up asset prices with cheap borrowed money. Apparently I didn't make a good offer but to me, 20k over asking seems like a lot.
Why did the supply chain shock proceed 3/2021 handout?
You are going to have to critically think about what I said earlier about CEO pay. When did I mention special tax breaks?
Funny this reminds me of how our government gets their pay raises.
I understand the FR should be independent but I remember all the tweets from Trump in 2018 when the Fed was raising interest rates. Did I say anything about Trump's control over interest rates?
True. What scares me is the tariffs for income tax rehtoric.
Amen! Something I was always against until online money people started talking about debt.
This is key and will cause competition for workers which will increase wages. I like nuclear as an alternative energy and yes we have to ween ourselves off China for the rare earths, they can easily play the tariff game along with the USA.
The lunacy of Germany, Trump was right about surrendering to Russia because of their green virtue signaling. I didn't agree with the government spending on EV's because knowing we don't produce the raw materials our EVs will always cost more than China's. We wasted money on the EV push because the consumer wasn't buying and we don't have the electrical infrastructure for extra load on our power grid. Biden was appeasing his green base. I could easily buy an EV because I own solar panels so my electric bill won't be impacted that much but my 2005 4Runner is running just fine.
No doubt both parties are responsible for our debt ... it's an atrocity .... there are several things that is causing our "tight" economical situation.
Good for you.
No, not at all. In fact, just the opposite is likely. If we drill at home the price per barrel of oil will drop and so will OPEC's influence in politically setting prices for oil thereby reducing the swings in oil costs to US refiners. If we produce more than demanded by US consumers (and project that will be the case into the future) then no problem in exporting the excess production.
The ad hominem only demonstrates your lack of arguments. The appeal to emotion isn't rational. I can't argue with how you feel. If bringing up Trump's history doesn't mean a thing to you then stop bringing it up.
And which party gave us the poorly thought through SS program? Once the progressive politicians succeed in giving candy to constituents, taking it back is political suicide. Did you ever try to take a bone from a dog?
And which party gave us the poorly thought through Medicare program?
Finger pointing doesn't do much to resolve the basic problem of excessive entitlement enacted by progressives. Yes, Republicans warn us constantly as we approach the fiscal abyss, more so than the tax-and-spend liberals.
I presume you meant "precede". Over reaction to the Covid virus.
That would be right here:
If that is not what you meant then consider writing your posts a bit more comprehensively.
I did think, as always, critically. The asking price just begins the negotiating process in real estate transactions and is technically not an offer to sell. As you reported it the sellers did not ask for more; the buyers offered more. That's just the way free markets operate.
Not exactly. The Board is up for re-election every few years or so depending on the corporate charter's bylaws. If they mismanage the shareholder's money they do not continue as directors. They, unlike liberal federal politicians cannot buy votes with other people's money. Big difference.
Dude, I really don't want to argue with you or hear you glorify your political guy. I'd rather you talk about Trump's ideas from his Bloomberg interview. I'm not sure I brought up Trump's history show me. Here let me help you with this and talk about this only hopefully with an open mind.
You posted your OP in one of the "Discussion and Debate" forums. What did you expect? BTW, you may address me as Mr. Dude.
Strawman.
The link doesn't work. Why don't you summarize indicating the problems you have with what Trump said?
Triggered? Not at all. But I do pushback on incorrect claims. Didn't mean to hurt your feelings.
OK.
prosperousamerica.org
