Bidens next blunder - raise taxes!

[Commodus]

Ever hear of Blue Orgin or SpaceX? Lots of jobs there.

Blue Origin has about 6,000 employees, while SpaceX has nearly 10,000. Not exactly huge, economy-changing achievements for two of the world's wealthiest people. And I suspect you're not mentioning Tesla because its early success leaned heavily on government subsidies and outside investments. (SpaceX is heavily dependent on government contracts, I'd add.)

You'd have a case if Bezos or Musk had said "you know what? I don't need these billions — let me invest them in hiring tens of thousands more people, giving workers more than a subsistence living, or in making broad investments in economic developments that could make a real difference." Instead, they make the occasional philanthropic contribution that's sometimes more about the tax deduction than the cause.

Besides, if the very wealthy were taxed more like they were in the past, that would lead to a more balanced budget, more money for infrastructure and, you guessed it, more jobs. And I don't mean more bureaucracy — I mean more road maintenance workers, teachers and others whose vital work depends on healthy government funding.

 

[HomerJS]

Ever hear of Blue Orgin or SpaceX? Lots of jobs there.

Bet you were unaware Musk made a great deal of his fortune from government contracts when we........

wait for it.......

spent money

 

[SMOGZINN]

Besides, if the very wealthy were taxed more like they were in the past, that would lead to a more balanced budget, more money for infrastructure and, you guessed it, more jobs. And I don't mean more bureaucracy — I mean more road maintenance workers, teachers and others whose vital work depends on healthy government funding.

I always find it entertaining that conservatives can say that we shouldn't raise taxes on the wealthy because that will cost jobs, but also say that we should reduce federal spending. Do they not realize that the federal government is the biggest employer in the United States? It is almost like they are not sincere in their care about losing jobs!

 

[ivwshane]

Reagan was one of the greatest presidents of all time.

Sure…if you don’t pay any attention to the details. But to everyone else, we see him as he was, a policy failure propped up by propaganda. Hell, even his Vice President couldn’t overcome Reagan’s failed economic policy, aka voodoo economics.

 

[HomerJS]

Reagan was one of the greatest presidents of all time.

Bill Clinton was the only modern President who had a balanced budget so should he be greater then Reagan?

 

[Vic]

You can blame Bidenflation for job cuts and higher interest rates.

Sure not everything goes as planned in taxe policy but we need to aim high when crafting it not assume the worst.

How did Biden cause the inflation specifically?

You can't answer that because it was the Fed who caused inflation with their stupidly loose monetary policies during the pandemic. And now it's the Fed killing jobs through rate increases.

But hey, you keep on being a sheep and repeating those spoonfed talking points!

 

[IronWing]

Bill Clinton was the only modern President who had a balanced budget so should he be greater then Reagan?

Nah, Reagan committed treason. Felix loves treason so that makes Reagan better.

 

[Vic]

I feel like he tipped his hand when he claimed he was against tax hikes but then when offered a net tax cut he was against it because it would go to poor people instead of rich people.

What I have found is that partisans like Felix never have any actual solutions. They just keep repeating the same vague talking points over and over again, and blaming 'the other side' when those don't work.

 

[sactoking]

The very local integrated health system I work for has 7,000 employees so I can't say that a national company with 6,000-10,000 employees is a very large employer.

 

[HomerJS]

How did Biden cause the inflation specifically?

You can't answer that because it was the Fed who caused inflation with their stupidly loose monetary policies during the pandemic. And now it's the Fed killing jobs through rate increases.

But hey, you keep on being a sheep and repeating those spoonfed talking points!

Blaming Biden for inflation would be like me blaming Trump for Covid getting into the US. Much as I hate him that would be a stupid statement.

However, the OP can't recognize stupid even when he is staring at it in a mirror.

 

[kage69]

However, the OP can't recognize stupid even when he is staring at it in a mirror.

Sure takes a lot of stupid to be ok with unnecessary tax cuts that aren't paid for, while portraying the fiscally responsible guy who passes paid for bills as the problem.

OP just has no idea how idiotic he sounds. I'm guessing he can't address the corporate price gouging being involved here either.

Trump was the first modern "president" to leave office with fewer jobs than when he oozed into office, worst jobs record in history. He had the ability to do more about covid but didn't because of his ego. Biden's first 100 days proved that. Trump increased the national debt by 7.5 trillion, something he said he'd eliminate btw. Tried to get 23million Americans kicked off of health coverage. Biden's dominating the employment rate, put some sanity back into government, hell he got Mexico to pay 1.5billion for border security. Somehow he hasn't asked me to fund his legal defense of multiple crimes, I don't see him conducting state diplomacy via misspelled tweets either. He's not doing Putin or Xis bidding, or taking their money. Joe Biden is a protector of democracy, see Ukraine. Trump is a fascist, needs democracy gone for him and his enablers to maintain control, see Jan 6th.

Felix, link us up some posts of you calling out Trump for spending like a drunk sailor, negotiating in bad faith, taking America hostage over the debt limit, or any of the thousands of lies he told regarding all of this. Your concerns sure would sound better if they aren't overruled by a (R) after someone's name. Show us you've evolved into something other than a lazy partisan troll with no care for facts.

Are you able to back up your position or is it just weak Faux regurgitation?

 

[MtnMan]

https://finance.yahoo.com/news/tax-rich-biden-end-trumps-140036916.html

We dont have a tax problem, we have a spending problem. Cut back on profligate federal spending by 10% across the board and that will be a start.

Joe's idea? Raise taxes so we can spend even more! Anytime you hear a democrat throw around the word "invest" - run for the hills!

Gee Felix, when did you make the cover of Forbes Magazine?

Because the only people that would fear Biden's tax increase are those so well-heeled they may find themselves on the cover of Forbes Magazine, or some stupid fuck that still believes that the republican trickle down bullshit is the solution.

 

[Pohemi]

I didn't even read through the 3 pages that have spewed out already, since the OP was a load of shit to begin with.

So much faux concern about taxes and spending all of a sudden.

OP and his following commentary did nothing but lie and regurgitate typical rhetoric (usually one and the same). The shit we already knew he worshipped. So what was the point, here?

You idiots post nothing but dishonest troll threads anymore. Fuck off, FelixDeClown

 

[Xcobra]

We need to start treating OP's threads like a bad Gizmo-post in OT .... ignore them and let them die with zero replies.

Hell at least Gizmo's topics have potential to be amusing.

Seriously, I've been saying this for thousands of years lol... No matter how much evidence you put forth, these posters just shit on it like they always shit on everything else 🙄 So no point in having a reasonable discussion.

 

[Commodus]

Gee Felix, when did you make the cover of Forbes Magazine?

Because the only people that would fear Biden's tax increase are those so well-heeled they may find themselves on the cover of Forbes Magazine, or some stupid fuck that still believes that the republican trickle down bullshit is the solution.

I've heard it said many times that some conservative voters keep falling for the trickle-down myth because they see those tax cuts as potentially affecting them. They're just a couple of promotions (or a lottery ticket) away from becoming wealthy — they don't want to admit that they'll never rise above a middle-class income. And of course, empathy for other people isn't historically a strength of right-wing ideology.

 

[Pohemi]

And of course, empathy for other people isn't historically a strength of right-wing ideology.

Just the opposite these days. They have nothing but spite for their 'opponents' and most of the country's populace. Far end of the spectrum away from empathy and compassion. And they take enjoyment from it.

For a good example, see OP....or one of the other grenade-tossing-at-babies clowns here.

 

[JTsyo]

We live in a symbiotic economy. Tax cuts at the top mean jobs at the bottom. But the real problem is we do not balance the federal budget.

The only tax increase I would support is to get rid of carried interest which one Democrat recently risked her political life to defend (oddly enough). That and perhaps getting rid of all the tax breaks on real estate investment above $1M. We are in a housing crises and too many people are hogging all the affordable homes.

Even Bezos is doing it:

https://www.yahoo.com/video/jeff-bezos-backed-real-estate-182009732.html

He has enough money and doesnt need our homes as well.

That's demonstrably false. When the corporate tax was cut, what we saw was stock buybacks and dividend payouts, not job creation. No company is hiring more people because they have higher profits. They are running a business, not a charity. They hire if they are growing or project growth. Tax cuts for the weathly goes into thier investments, their needs are already met with their wealth. You can make arguements about what amount of taxes is fair but the argument that tax cut for big businesses and wealthy are good for the economy is false.

 

[MrSquished]

while wealth disparity and inequality are all-time highs, corporations are making record profits and often pay zero taxes, and the rich are having the highest standard of living they've ever had, this scumbag is worried about a little bit of taxes on them.

These people should all just go fuck themselves

 

[ivwshane]

We live in a symbiotic economy. Tax cuts at the top mean jobs at the bottom. But the real problem is we do not balance the federal budget.

The only tax increase I would support is to get rid of carried interest which one Democrat recently risked her political life to defend (oddly enough). That and perhaps getting rid of all the tax breaks on real estate investment above $1M. We are in a housing crises and too many people are hogging all the affordable homes.

Even Bezos is doing it:

https://www.yahoo.com/video/jeff-bezos-backed-real-estate-182009732.html

He has enough money and doesnt need our homes as well.

If tax cuts led to job creation or any other benefit to the average citizen then it should be pretty easy to graph tax cuts and the increase in jobs.

Show us the goods.

 

[WelshBloke]

View attachment 71537

That's a great chart!

 

[Thump553]

It really, really pisses me off when I see someone making such a superficial argument as OP does here. The fact of the matter was Trump's so-called tax cut bill was one of those Washington masterpieces, where the tax cuts for the ordinary folk was sunsetted in the original law. Why? Even under the extremely optimistic projections this tax bill would have generated substantial deficits if the lower brackets were stopped prematurely. Cynically that sunset was scheduled to take effect in a later president's term.

The EXACT same thing was done by GWB in the last GOP tax cut, which was far less biased towards the ultra wealthy that Trump's cut was. OP and the GOP operatives are trying to pull the same stunt again.

An easier fix and much fairer would be to modify the Trump cut to have the ultra-wealthy and corporate brackets tax cut sunset now and make the cuts for the rest of us permanent. Think that will ever happen in reality-probably never.

Biden and the Dems should stand up to this blackmail and if they can't get the modifications set forth above passed, then leave the tax increases under Trump's act take effect, and educate the public how this was an intentional tax increase in a law passed by the Republicans.

 

[Jaskalas]

Reagan was one of the greatest presidents of all time.

The GAP suggests Reagan completely failed the American people. Separating work productivity from wages. And Republicans keep it diverging further and further.
But if you're just here for self aggrandizing feels instead of facts, I can understand why you'd say that.

 

[ElFenix]

imagine stanning trickle down 40 years into it

 

[Aikouka]

We live in a symbiotic economy. Tax cuts at the top mean jobs at the bottom.

To be honest, I don't understand the mindset behind trickle-down economics. If I cut Walmart's taxes, why would that implore them to open new stores or create more jobs? It seems to be based on the idea that "they have more money available!"; however, while I'm not an expert on this subject, that doesn't seem to be how a good business works. A good business will attempt to push for both short-term and long-term growth potential, and if adding the stores or jobs is beneficial, why wouldn't they just do it without tax breaks? They likely would.

Now, if you attempted to tie the tax cuts specifically to things such as job creation, then you might have something more useful. Albeit, we've seen companies abuse the concept of tax breaks to make local and state municipalities essentially fund buildings and infrastructure for multi-billion-dollar companies. (This has been seen in sports stadiums, manufacturing plants, etc.) In the end, the expenditure per-job (in lost tax revenue) ends up being quite high, and I'd be heavily worried about how that skews far more toward short-term benefits for the government (i.e., the influx of workers) without a focus on the long-term cost (i.e., infrastructure, housing, etc. to support the influx).

Also, if you focused more on small business, then I think you also have a more viable plan. I specifically mention small businesses, because they tend to have far less capital at play, and the idea of opening a new location or hiring more employees tends to put far more strain on the business. Although, given that small businesses don't exactly have the huge lobbying power of the giant corporations, I highly doubt you're going to see nearly as much of a push for them.

 

[dawp]

Reagan was one of the greatest presidents of all time.

you know how I know you're delusional?