Economy I <3 how (R)s just awkwardly ignore conversations about economics and their track record on it

[blackheart]

Those democrats sure make those pesky elites suffer.. . Oh wait! Whats this!?!?

Concession accepted!

 

[Mr Holmes]

Concession accepted!

 

[Scerpi]

While I agree that the tax cuts were skewed to the rich, everyone got tax cuts under the plan. However those tax cuts are expiring in 2025, so it'll be a moot point anyways. Beyond that, US government tax receipts have greatly increased since 2018:

Federal government current tax receipts

Graph and download economic data for Federal government current tax receipts (W006RC1Q027SBEA) from Q1 1947 to Q4 2023 about receipts, tax, federal, government, GDP, and USA.

fred.stlouisfed.org

Real median wages also have been higher since the tax cuts have gone in effect (although I have doubts on the official inflation numbers):
https://fred.stlouisfed.org/series/LES1252881600Q

Perhaps the issue isn't with collecting money, but perhaps it's with the recent spending of that money:

Federal Government: Current Expenditures

Graph and download economic data for Federal Government: Current Expenditures (FGEXPND) from Q1 1947 to Q4 2023 about expenditures, federal, government, GDP, and USA.

fred.stlouisfed.org

The corporate tax cuts were the best part, making America a more desirable place to do business in a world of globalization. Perhaps that's the reason we are seeing the US outperforming most other first world countries around the world (except the ones that are even more corporate-friendly, like Ireland, Singapore, Middle Eastern countries, etc., which have had an insane growth of GDP per capita since they changed their fiscal policies and lowered their corporate tax rate to much below the US).

Let's take a look at some of the best countries by GDP per capita, and their corporate tax rates:

GDP per Capita - Worldometer

GDP per capita by country. List by GDP at PPP (Purchasing Power Parity) and by Nominal GDP. Ratio to World's average GDP per capita at PPP

www.worldometers.info

Luxembourg - 25%
Singapore - 17%
Ireland - 12.5%
Norway - 22%
Qatar - 10%
UAE - 9%
Switzerland - 15%
US - 21% (35% pre-Trump)

All had drastically lower tax rates than the US than before the tax cuts. If you look up GDP growth by first world countries, the ones with lower tax rates tend to be at the top, while the ones with higher tax rates tend to be at the bottom. Given that the US was so much higher than even many Nordic countries, this is a no-brainer in terms of competition in the global market.

Beyond the growth aspect and the fact that government tax revenue has gone up significantly, I wage a question to you: why are rich people keeping more of their money a bad thing? A person accumulating wealth is good for the most part, because of what they do with they've acquired it:

For every dollar a billionaire makes they are already taxed it on their income. It's also a net positive since society has said that the thing they made is somehow good enough for society to give them that dollar.
1. They can save the money in a bank - the bank then uses that money to invest in other businesses/give out loans which is a benefit to society
2. They can save it under their bed - this has a deflationary effect on the money supply, as it's essentially like destroying a dollar until they actually use that money
3. They can invest it - this is good because other businesses get that money and can spend it on more resources and employees, growing their business, the job market and the economy
4. They can spend it - this is the one legal action they can do with their money that has a bad side effect, as it removes products from the marketplace that would otherwise have been there and could increase prices as a result. However, the businesses they spend their money on will get the money and they will be able to employ more people, invest it back into their business, etc.

The only problems with billionaires is if they can pull off illegal schemes with their money, things like offshoring to avoid taxes or using it to lobby politicians to give them more power. But those are already illegal and just need more enforcement.

Also, the share of income taxes that the top 1% have paid has increased recently as well, so the whole basis of your argument has not played out in reality:

Nice post… But it’ll get ignored by our own War Room Squad.

This failure of a thread will turn into a massive circle jerk of the same 5 posters splattering each other for 43 pages of nonsense

I guess the rest the nation missed out? lol




The only thing missing is wannabe intelectual Jack coming in and claiming Biden has done fantastic and the last three years were an illusion

lol…

 

[Brigfa2]

Since Donald Trump's presidency it has been "mainstream" or pre-dominant in the Republican party to signal fake populist and anti-establishment rhetoric.

"Drain the swamp!"
"Down with the elites!"
"Down with the establishment!"

But am I crazy here, or have any of you other leftists or centrists (liberals) noticed that in general, righties/reactionaries/conservatives/republicans/MAGAts will shy away from conversations/discussions/debates about the Republican party and/or Trump and how their economic track record has served/continues to serve the "elite" and the "swamp"?

Like, I swear to god, 95% of the time that I see a lib or leftie remind a chud that Trump's only major legislative "accomplishment" was a massive tax cut for the elite and a tax increase on the middle class, the rightie does not reply or if they do they reply without addressing that specific point. They want to constantly virtue signal that they're against the elite, but they can't actually point to anything that Trump has done to hurt/harm/negatively affect the "elite".

The same thing applies any time you talk about the Republican track record on destroying American manufacturing and sending jobs to China by the millions. Its crickets every time, or diversion to talking about something else.

For a constructive way for righties to respond to this thread, can you elucidate me on your understanding of the following subjects and definitions?

1. What is the "elite" to you? Is this just a shadowy cabal that exists as an amalgamation of all of the groups you don't like (Jews, Muslims, Chinese, Black people, Hispanic people, atheists, LGBT people, globalists, etc.)? Is that the elite? Is it wealthy people but only the wealthy people in New York, LA and DC? Do you adhere to society's general understanding of the elite since the beginning of time, as just generally being the economically/financially wealthy upper strata of society? Please, provide a detailed lengthy explanation of who the "elite" is. The floor is yours. Let your freak flag fly and write me a novella about who the elite are. I'll read all of them. One word to one sentence responses are just concessions that you don't even have a good idea of who it is you're screeching about all the time.

2. Name me one single thing that Trump has done to substantially hurt the people you've defined as the "elite", and also explain how what he did, substantially hurt the elite. So A) I'm looking for substance. It needs to be a policy, or legislative accomplishment, or something substantial. Not "oh he said fuck Hunter Biden and that hurt the elite haha owned!". No. What did Trump do that materially, substantially, significantly, harmed your definition of the elite? And B) explain, in detail, how what he did, hurt the elite.

Lastly, look at my meme where you are the NPC soyjack and I am the actual anti-establishment chad:

I don't know or care about the US economics but let's be real no liberal looks like that.
0 points for the meme

 

[ColemanwastheGOAT]

I, do not.

They are a bunch of disingenuous cunts, and this behavior should come as no surprise.

But Trump is your daddy.

 

[nixkid]

The only concrete belief on the right is disdain for outsiders. Everything else is negotiable.

They didn't give a shit about elites and would just parrot neo-con talking points about the ultra rich like "they worked for their money unlike the welfare queens" until Trump (an elite) told them that the others elites were bad (but not him)

You have boomers that have spent almost the entirety of their adult lives calling the Soviet Union/Russia an evil empire that just woke up one day and did a complete 180 on Russia because Trump told them to. The Republican Party had strong support for Ukraine in 2016 party platform and took it out the same year. That's how quickly it happened.

And would they have bought into any of this had Trump not come down that escalator and said that Mexicans were the real problem?

 

[Blayt7hh]

The GOP’s track record on economics is quite bad . They only win based upon grievance and reactionaryism

Still waiting on that trickle down

 

[Sinister]

The GOP’s track record on economics is quite bad . They only win based upon grievance and reactionaryism

And taking credit for policies of their opposition, because their base isnt aware of how long it takes for policies to take effect.

 

[Siver!]

The only concrete belief on the right is disdain for outsiders. Everything else is negotiable.

They didn't give a shit about elites and would just parrot neo-con talking points about the ultra rich like "they worked for their money unlike the welfare queens" until Trump (an elite) told them that the others elites were bad (but not him)

You have boomers that have spent almost the entirety of their adult lives calling the Soviet Union/Russia an evil empire that just woke up one day and did a complete 180 on Russia because Trump told them to. The Republican Party had strong support for Ukraine in 2016 party platform and took it out the same year. That's how quickly it happened.

And would they have bought into any of this had Trump not come down that escalator and said that Mexicans were the real problem?

The Ukraine stuff is so puzzling.

They grabbed the first few with the Nazi stuff, then Tucker shilled for Putin endlessly, and of course Trump is basically wedded to Russia.

These are the modern-day equivalents of the WW2 American sect who were more worried about 'errmerrgerrd immigrants' than an actual World War. Then you've got the even more extreme German-American Bund.

There really needs to be a label for people like Tucker and MTG and the far right that support Putin at the expense of their own futures. Russian-American MRGA's?

 

[Red Dragoniop]

That dude is insufferable on like 10 different levels. I'm so brain poisoned from the internet and unable to relate to normies, that I literally cannot understand even 1% why he has any following, not to mention a gigantic following. It's mind blowing to me.

that's cause you live in moms basement and never had a real job LOLLL you are a simple minded retard

 

[blackheart]

Nice post… But it’ll get ignored by our own War Room Squad.

This failure of a thread will turn into a massive circle jerk of the same 5 posters splattering each other for 43 pages of nonsense

I guess the rest the nation missed out? lol




The only thing missing is wannabe intelectual Jack coming in and claiming Biden has done fantastic and the last three years were an illusion

lol…

I dedicated a sizeable portion of the op to asking right-wingers constructive questions. It's not my fault that your crowd are too cowardly to engage with the thread.

 

[blackheart]

that's cause you live in moms basement and never had a real job LOLLL you are a simple minded retard

awww, are you triggered? the way you're getting really upset and emotional because I don't like your surrogate internet daddy, indicates that you're triggered

 

[Red Dragoniop]

awww, are you triggered? the way you're getting really upset and emotional because I don't like your surrogate internet daddy, indicates that you're triggered

LOLL yeah so triggered i went and made a thread on this subject... BTW ? why are you so obsessed with Trump ?? are you ready for 2024? when Trump wins?? what is your plan of action?? you are loser bro...

 

[Scerpi]

If Democrat policies are so amazing.... Why is California such a clusterfuck?

California keeps its title as having the nation’s highest poverty rate​

California keeps its title as having the nation's highest poverty rate

California has retained its position as having the worst poverty of any state, thanks to its very high living costs.

calmatters.org

It has the richest and poorest of the nation. And I'd assert the richest are DESPITE California policies.

The those with the means to do so are leaving if they can. So much so, the State implemented a new Tax businesses and people after they leave.


Its not working...


Gas Price are one of the highest impact costs to Lower and Middle Income families. The Ultra Rich in Cali don't give two shits about gas prices... Hell, Gavin is fixing to add new legislation to add another $.50/gallon



Current national average is around $3.25-$3.50... Almost $2 less than California


Does California pull back? Say hey, we need to help the low and middle income families who can barely keep their heads above water in our Most Expensive State in the Nation?

Or course not...

Californians already pay sky-high pump prices. It might get much worse.​

Californians already pay sky-high pump prices. It might get much worse.

A proposed update to the state’s low-carbon fuel standard could increase gasoline prices by nearly 50 cents a gallon next year — and more after that.

www.eenews.net

Make no mistake... California is THE example when Democrats have the super majority with no opposing political party to put them in check.

California's massive economy is still riding the coattails of the Tech Boom and its massive Financial/Real Estate Industry. But companies are leaving and politicians are panicking... Not surprising. It's hilarious, because Gavin Newsom was asked about people and businesses leaving years ago and he was unfazed... didn't think it was issue and wouldn't happen. What was his response?

"Where would they go?" Gavin Newsom

Well... He definitely knows now

The Exodus Begins: Tech Companies Leaving California in Droves​

https://tms-outsource.com/blog/posts/tech-companies-leaving-california/

New York, California Lose Firms Managing an Estimated $2 Trillion in Assets​

More Than 370 US Companies Have Moved Headquarters Since 2020, Report Finds​

https://www.costar.com/article/420490632/new-york-california-lose-firms-managing-an-estimated-2-trillion-in-assets

But please... Go ahead and keep telling us how Democrats don't run their cities into the ground

 

[steveflynn]

Nice post… But it’ll get ignored by our own War Room Squad.

This failure of a thread will turn into a massive circle jerk of the same 5 posters splattering each other for 43 pages of nonsense

I guess the rest the nation missed out? lol




The only thing missing is wannabe intelectual Jack coming in and claiming Biden has done fantastic and the last three years were an illusion

lol…

Failure of what ? Clinton, Obama and Biden ‘s economic performance while in office (measured by gdp, jobs, stock market, etc.) completely blows trump and w bush’s out of the water .

 

[Sinister]

If Democrat policies are so amazing.... Why is California such a clusterfuck?

California keeps its title as having the nation’s highest poverty rate​

California keeps its title as having the nation's highest poverty rate

California has retained its position as having the worst poverty of any state, thanks to its very high living costs.

calmatters.org

It has the richest and poorest of the nation. And I'd assert the richest are DESPITE California policies.

The those with the means to do so are leaving if they can. So much so, the State implemented a new Tax businesses and people after they leave.


Its not working...


Gas Price are one of the highest impact costs to Lower and Middle Income families. The Ultra Rich in Cali don't give two shits about gas prices... Hell, Gavin is fixing to add new legislation to add another $.50/gallon



Current national average is around $3.25-$3.50... Almost $2 less than California


Does California pull back? Say hey, we need to help the low and middle income families who can barely keep their heads above water in our Most Expensive State in the Nation?

Or course not...

Californians already pay sky-high pump prices. It might get much worse.​

Californians already pay sky-high pump prices. It might get much worse.

A proposed update to the state’s low-carbon fuel standard could increase gasoline prices by nearly 50 cents a gallon next year — and more after that.

www.eenews.net

Make no mistake... California is THE example when Democrats have the super majority with no opposing political party to put them in check.

California's massive economy is still riding the coattails of the Tech Boom and its massive Financial/Real Estate Industry. But companies are leaving and politicians are panicking... Not surprising. It's hilarious, because Gavin Newsom was asked about people and businesses leaving years ago and he was unfazed... didn't think it was issue and wouldn't happen. What was his response?

"Where would they go?" Gavin Newsom

Well... He definitely knows now

The Exodus Begins: Tech Companies Leaving California in Droves​

https://tms-outsource.com/blog/posts/tech-companies-leaving-california/

New York, California Lose Firms Managing an Estimated $2 Trillion in Assets​

More Than 370 US Companies Have Moved Headquarters Since 2020, Report Finds​

https://www.costar.com/article/420490632/new-york-california-lose-firms-managing-an-estimated-2-trillion-in-assets

But please... Go ahead and keep telling us how Democrats don't run their cities into the ground

Please list the top 10 poorest, most economically destitute States and show us how they vote, and where California ranks in comparison.

 

[Siver!]

there's a war for culture because leftists forced a cultural revolution...

RIP Super Nintendo!

What happened?

 

[steveflynn]

If Democrat policies are so amazing.... Why is California such a clusterfuck?

California keeps its title as having the nation’s highest poverty rate​

California keeps its title as having the nation's highest poverty rate

California has retained its position as having the worst poverty of any state, thanks to its very high living costs.

calmatters.org

It has the richest and poorest of the nation. And I'd assert the richest are DESPITE California policies.

The those with the means to do so are leaving if they can. So much so, the State implemented a new Tax businesses and people after they leave.


Its not working...


Gas Price are one of the highest impact costs to Lower and Middle Income families. The Ultra Rich in Cali don't give two shits about gas prices... Hell, Gavin is fixing to add new legislation to add another $.50/gallon



Current national average is around $3.25-$3.50... Almost $2 less than California


Does California pull back? Say hey, we need to help the low and middle income families who can barely keep their heads above water in our Most Expensive State in the Nation?

Or course not...

Californians already pay sky-high pump prices. It might get much worse.​

Californians already pay sky-high pump prices. It might get much worse.

A proposed update to the state’s low-carbon fuel standard could increase gasoline prices by nearly 50 cents a gallon next year — and more after that.

www.eenews.net

Make no mistake... California is THE example when Democrats have the super majority with no opposing political party to put them in check.

California's massive economy is still riding the coattails of the Tech Boom and its massive Financial/Real Estate Industry. But companies are leaving and politicians are panicking... Not surprising. It's hilarious, because Gavin Newsom was asked about people and businesses leaving years ago and he was unfazed... didn't think it was issue and wouldn't happen. What was his response?

"Where would they go?" Gavin Newsom

Well... He definitely knows now

The Exodus Begins: Tech Companies Leaving California in Droves​

https://tms-outsource.com/blog/posts/tech-companies-leaving-california/

New York, California Lose Firms Managing an Estimated $2 Trillion in Assets​

More Than 370 US Companies Have Moved Headquarters Since 2020, Report Finds​

https://www.costar.com/article/420490632/new-york-california-lose-firms-managing-an-estimated-2-trillion-in-assets

But please... Go ahead and keep telling us how Democrats don't run their cities into the ground

I don’t think most cities are run to the ground. Cities are where most of the best paying jobs are. I think rural areas have been completely totally run to the ground and the GOP is even more dominant there than Dems are in cities

 

[KOPPE]

A single president does not have a ton of control over the function of the macro economy
but the fact that the orange rapist said he wanted a 6% quarterly GDP without any understanding of what that meant, and the fact that the right wing media didn't push harder on the fact that he doesn't know anything about the economy frightens me.
You would think he would have learned from the last three republican presidents that trickle down economics doesn't work but it seems Rump is incapable of learning from his mistakes.
The first former president with a mug shot didn't understand how tariffs work either. They are paid by the importer. They are supposed to force importers to find alternative resources for their product. However since that costs time and money the higher cost is usually just passed on to the consumer.

I also find it funny how the MAGA monkeys think their taxes are going up because of Joe Biden, when we are still operating under the Trump Tax Cuts.

 

[Mr Holmes]

RIP Super Nintendo!

What happened?

Surprising. He didn't seem like a line crosser.