- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
Trump has to fix the dollar.
Posted on 4/19/25 at 4:00 pm
Posted on 4/19/25 at 4:00 pm
The devaluation is bullshite.
12
Posted on 4/19/25 at 4:06 pm to Jay31
I mean he made the mess with the destabilization of the economy with the back and forth of things like his tariffs.
The economy and markets thrive in environments of slow change and certainty. We are getting none of that in the short term.
Until he lays out a plan that is followed and executed, this will continue
The economy and markets thrive in environments of slow change and certainty. We are getting none of that in the short term.
Until he lays out a plan that is followed and executed, this will continue
This post was edited on 4/19/25 at 4:08 pm
Posted on 4/19/25 at 4:07 pm to UltimaParadox
quote:
Until he lays out a plan that is followed and executed, this will continue
Posted on 4/19/25 at 4:13 pm to Jay31
Part of the plan is to devalue the dollar to soften the effect of retaliatory tariffs on us goods and increase manufacturing in the US.
Posted on 4/19/25 at 4:14 pm to Shaun176
quote:
Part of the plan is to devalue the dollar to soften the effect of retaliatory tariffs on us goods and increase manufacturing in the US.
All part of the plan
Posted on 4/19/25 at 5:05 pm to UltimaParadox
I agree with you on the tariff thing, but I am genuinely confused why you are so supportive of letting the TCJA expire at end of year
You admit the economy is unstable at the moment. Letting taxes increase across the board would seem like pouring gasoline on a fire.
I am aware of no economic school of thought, not even Keynesian, that thinks it’s a good idea to raise taxes during uncertain economic periods
You admit the economy is unstable at the moment. Letting taxes increase across the board would seem like pouring gasoline on a fire.
I am aware of no economic school of thought, not even Keynesian, that thinks it’s a good idea to raise taxes during uncertain economic periods
Posted on 4/19/25 at 6:01 pm to HailHailtoMichigan!
quote:
but I am genuinely confused why you are so supportive of letting the TCJA expire at end of year
If we are truly serious about trying to fix our debt issue, it is an easy lever to turn. i think a few months back this would have been easier to do with the economy heading in the right direction and inflation slowing. Plus politically would have been easy to blame others for not working together.
quote:
that thinks it’s a good idea to raise taxes during uncertain economic periods
This is entirely self inflicted, mostly due to uncertainty from the administration. They are specifically dismantling safeguards and economic enforcement arms of the govt. Any notion that we were going to replace income taxes with tariffs was a joke. A seismic shift like that would take decades.
Throw that on top of the tariffs and here we are, a very unstable market. No one has any clue when this circus will end.
However it is very apparent based on the current status quo, that neither the administration or congress is even closely thinking about trying to tackle the debt problem. Also I don't think he is serious about the tariffs now.
I agree that raising taxes now is basically impossible, but considering else going on. Not sure it will make a difference
Posted on 4/19/25 at 6:12 pm to UltimaParadox
Man, I just disagree dude.
As a conservative (in the classical liberal sense), letting the tcja expire, thus inflicing the largest tax increase on american families in 4+ decades, without cutting any spending or reforming entitlements, would be a massive disappointment. You'd be giving progressives a massive win.
Not to mention letting the tcja expire would place the us corporate tax rate well above the oecd avg.
Even without the trade war idiocy, I would have been appalled at this congress and potus for failing to extend their signature first term achievement. Even Kamala and Biden were likely going to extend (most) portions of the tcja.
As a conservative (in the classical liberal sense), letting the tcja expire, thus inflicing the largest tax increase on american families in 4+ decades, without cutting any spending or reforming entitlements, would be a massive disappointment. You'd be giving progressives a massive win.
Not to mention letting the tcja expire would place the us corporate tax rate well above the oecd avg.
Even without the trade war idiocy, I would have been appalled at this congress and potus for failing to extend their signature first term achievement. Even Kamala and Biden were likely going to extend (most) portions of the tcja.
Posted on 4/19/25 at 6:15 pm to HailHailtoMichigan!
quote:
without cutting any spending or reforming entitlements, would be a massive disappointment. You'd be giving progressives a massive win.
I never said anything about not cutting. I think both would be required to reign this in.
However it is clear the administration has no desire to cut spending at all. As shown by the budget proposals
Not only are we not cutting any spending. Spending is ahead of where even the budget has been proposed.
It appears with either republicans or democrats in charge we cant stop spending
Posted on 4/19/25 at 6:24 pm to UltimaParadox
It’s not going to be pretty for the economy in the 2030s if we are:
1) raising income and social security taxes
2) cutting all sorts of consumption-inducing spending
It’s necessary, but that is analogue to two blades of a scissor coming together to slice up gdp (one sharp blade being tax increases, one sharp blade being spending cuts)
1) raising income and social security taxes
2) cutting all sorts of consumption-inducing spending
It’s necessary, but that is analogue to two blades of a scissor coming together to slice up gdp (one sharp blade being tax increases, one sharp blade being spending cuts)
Posted on 4/19/25 at 6:28 pm to HailHailtoMichigan!
I don't disagree, but we put ourselves here.
However, I don't think there is any political appetite to raise taxes ever at this point. It's funny taxes only seem to go one way... And that's down.
However it's political suicide to make massive cuts to social security, Medicaid, or Medicare.
So we just keep the status quo.
Maybe down the road we can do a small raise in taxes and try not to increase spending as quickly to slow it down. Just don't know who we elect that will have the political capital to do it.
That's why letting the TCJA cuts expire was sort of an easy button. But I'm not debating it wouldn't be painful
However, I don't think there is any political appetite to raise taxes ever at this point. It's funny taxes only seem to go one way... And that's down.
However it's political suicide to make massive cuts to social security, Medicaid, or Medicare.
So we just keep the status quo.
Maybe down the road we can do a small raise in taxes and try not to increase spending as quickly to slow it down. Just don't know who we elect that will have the political capital to do it.
That's why letting the TCJA cuts expire was sort of an easy button. But I'm not debating it wouldn't be painful
This post was edited on 4/19/25 at 6:30 pm
Posted on 4/19/25 at 8:04 pm to Jay31
presidents have no true influence on the dollar. that's part of why it's currency and not money. why are you clamoring about something you don't have a rudimentary understanding of?
Posted on 4/19/25 at 8:22 pm to UltimaParadox
It’s pretty telling that there are some news articles out there saying Trump was “open” raising taxes on people making >1m
Basically an admission that we’re fricked
Basically an admission that we’re fricked
Posted on 4/19/25 at 9:05 pm to Jay31
quote:I'm guessing it's quite likely you have no idea of the past 10 years of the USD.
Trump has to fix the dollar.
Jay31
The devaluation is bullshite.
Posted on 4/19/25 at 9:06 pm to Jay31
Makes US exports cheaper. Natural weapon in a trade war. President’s Trade war change and engage plan is obviously pretty thin.
Posted on 4/19/25 at 10:30 pm to HailHailtoMichigan!
quote:it's never a good idea or time to ever raise taxes
that thinks it’s a good idea to raise taxes
Posted on 4/20/25 at 8:39 am to HailHailtoMichigan!
quote:
Not to mention letting the tcja expire would place the us corporate tax rate well above the oecd avg
Am I wrong in thinking the corporate rates were permanent and it's only the personal income rates that sunset and go up at end of year by TCJA?
Posted on 4/20/25 at 12:22 pm to UltimaParadox
quote:
However it is clear the administration has no desire to cut spending at all. As shown by the budget proposals
You misspelled “Congress” ….
Posted on 4/20/25 at 6:20 pm to Jay31
Please don’t let him centrally plan anything but a fixed golf tournament
Posted on 4/20/25 at 9:58 pm to Jay31
People always seem to point to monetary devaluation as some kind of bad thing when china and other exporting countries do it.
But it is done intentionally to counteract tariffs and spur economic growth.
Likewise people think a strong dollar is a good thing, but isn't it bad for our exports?
Our fiat currency seems like just another tool in international trade relations. Seems like a weaker dollar might have some benefits.
But its all very complex, and I am sure i am way wrong somewhere here.
But it is done intentionally to counteract tariffs and spur economic growth.
Likewise people think a strong dollar is a good thing, but isn't it bad for our exports?
Our fiat currency seems like just another tool in international trade relations. Seems like a weaker dollar might have some benefits.
But its all very complex, and I am sure i am way wrong somewhere here.
Page 1 of 3
Popular
Back to top
Follow TigerDroppings for LSU Football News