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re: The Anti Populist Crowd
Posted on 4/28/24 at 10:38 am to BBONDS25
Posted on 4/28/24 at 10:38 am to BBONDS25
quote:
can’t keep up with a simple yes or no question.
There is no yes or no.
If you spend more and cut taxes, you really havent cut taxes. You just prolonged them.
Trumps "tax cuts" were simply borrowing from the future
quote:
Investors see a large debt as a tax increase on future generations. That's especially true if the ratio of debt-to-GDP is near 77%. That's the tipping point, according to a study by the World Bank, which found that every percentage point of debt above this level costs the country 0.017 of a percentage point in growth.14
World Bank Group. "Finding The Tipping Point: When Sovereign Debt Turns Bad."
The U.S. public debt-to-GDP ratio was 104% before the tax cuts.15 By 2019, it had risen to 107%, not including intragovernmental debt that's owed to Social Security and other federal agencies.
This post was edited on 4/28/24 at 10:42 am
1
Posted on 4/28/24 at 10:42 am to RogerTheShrubber
quote:
There is no yes or no.
Of course there is, you just aren’t smart enough to wrap your head around it.
We know what the spending was. We know what the TCJA says. With all of that knowledge, do you support the section of the. TCJA that doubled the estate tax exemption? Yes or no.
This post was edited on 4/28/24 at 10:43 am
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