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Trump tax cuts must be bad no matter what!
05-15-2018, 01:33 PM
Post: #1
Trump tax cuts must be bad no matter what!
This is standard "leftist-think" in America today

In the minds (that's being generous!) of the American leftists ANY talk of a tax cut, that will reduce revenues to the government (in their childish minds at least) MUST be "revenue neutral" in order to be justified. The money lost (their opinion) must be replaced instantly by money from other sources (childish at the core!). This clearly demonstrates their lack of even a basic understanding of economics and how free markets work.

LOWERING the tax rate will encourage both producers and consumers, alike, to spend more money, growing the economy at the same time that it produces more revenue to tax. They don't have a clue that lowering the tax rate will allow the government to have a rapidly increasing total amount of revenue to tax, albeit at a lower rate. A 10% tax on 10,000 dollars nets government exactly the same amount that 20% tax on $5,000 nets...yet they are so "terminally dumb" that they cannot see this. If you don't believe me try and get a picture in your mind of someone trying to explain this to....say......Maxine Waters! You see immediately that it would be a 100% waste of your time. It's very hard to explain even something as simple as the ideas of a "basic economy"...to people who are the modern day idiots!

This is backed up by some info from the Congressional Budget, the prognosticator of budgetary "cause and effect" re congressional actions. The CBO is NOT known for exactly being non-biased" as recent events have shown. But with that in mind, take a look at their numbers on the Trump tax cut issue:

......."In December CBO predicted the tax cuts and reform would cause federal revenues to drop $1.5 Trillion over ten years. By the end of March the prediction was down to $1 Trillion over the same ten years. Then in April federal income tax revenues were up 13% over 2017 and $40 billion higher than projected at the end of March. This leaves a tremendous dilemma for Democrats who predicted Armageddon and a disaster.

Proof positive that the American Left's ideas re tax cuts are.......BS!

WC
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05-15-2018, 02:15 PM
Post: #2
RE: Trump tax cuts must be bad no matter what!
It must be horrifying for progressives to see that their policy of squeezing Americans harder doesn't produce prosperity, but only more dependence on government. Now the cat is out of the bag and much of their base is beginning to understand that they have been fooled into thinking that bigger government is better. Now they are realizing that bigger government is only a bigger burden for them and their freedoms.
The more government takes from you, the less you have. Who knew?
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05-15-2018, 02:36 PM
Post: #3
RE: Trump tax cuts must be bad no matter what!
But they want you on the Plantation, dependent on freebies. They are fine with no prosperity, so long as they along with the MSM blame it on the Conservatives, the bigger the government the easier it is to stay in power, which dedicated public servant is going to vote themselves out of job?
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05-15-2018, 05:51 PM
Post: #4
RE: Trump tax cuts must be bad no matter what!
......"It must be horrifying for progressives to see that their policy of squeezing Americans harder doesn't produce prosperity, but only more dependence on government".....

I don't think that 99% of them can see that, or maybe will ever see that. BUT there is hope, no matter how dim it seems. A few prominent DEMS are seeing, and marvelously, talking about the fact that Trump as POTUS is starting to be very good for the economy and millions of voters.

That's a start no matter how small it is.

The Bangor Daily News readership will NEVER see such a thing, they are hopeless! It is not even worth making an "opposition" comment any more as it would be just a waste of time. They have plenty of company across the land!

WC
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