General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsI have a BS degree in Math from a major university and I'll be damn ,,,,,,,
if i can figure out this GOP Math!
$20 Trillion in the hole and wanting to cut taxes??????
dalton99a
(81,514 posts)LittleGirl
(8,287 posts)Turbineguy
(37,337 posts)to put in the Magic Constant, "k"? No GOP math works without it.
Well, OK, GOP Math doesn't work with it either.
dembotoz
(16,807 posts)Yavin4
(35,441 posts)The biggest economic problem that we have is that rich people pay too much in taxes. Private islands, jets, boats, mansions, etc. all that shit costs money.
rzemanfl
(29,565 posts)Cryptoad
(8,254 posts)ittsy bittsy fingers,,,,, may be counting some twice!
kairos12
(12,862 posts)snowybirdie
(5,229 posts)factoring in economic disruption from hurricane difficulties?
Cryptoad
(8,254 posts)leftofcool
(19,460 posts)Then you would know real math like the GOP.
ProfessorGAC
(65,060 posts)You went to college sure, but was it paid for by super-rich benefactors who want something in return? No? Me neither!
And now you understand their math.
Mariana
(14,858 posts)always raises more revenue. I say if that's true, we should cut all taxes to zero, which would raise infinite revenue. Right?
ProfessorGAC
(65,060 posts)Probably went to college or something. Right, smartypants?
BTW: Like toad i have a math degree too. MS Stats back in the 80's about 5 years after i got my MS in Organic Chemistry.
So, you, me and toad; we just don't understand, i guess.
madokie
(51,076 posts)and they want to get their hands on as much as they can before Jeebus shows up in the eastern sky
They really haven't thought this through cause to the east is where their arch enemies are for starters LOL
I'm only being half assed sarcastic with this, sorry
Peace
GallopingGhost
(2,404 posts)I can figure it out easily.
GOP + Twitler= USScrewed
IronLionZion
(45,450 posts)that tax cuts will boost the economy and create so many jobs and give everyone a free unicorn that the government will additional revenue falling from the hind quarters of the unicorns
Meanwhile they'll cut services for poor people and blame immigrants when it doesn't work.
Cryptoad
(8,254 posts)IronLionZion
(45,450 posts)which Trump is also promising
Enoki33
(1,587 posts)compass functions, assuming they even have one.
Bengus81
(6,931 posts)Jesus,if we aren't a shining example of WHY that BS won't work then what is? Plus...no one can claim well.. that was decades ago--when it started in 2013 with a tax cut for Kansas Corporations down to 0%.
Did new Corps and business FLOOD the State,hell no!! What happened was that every business that USED to be a partnership went on-line and got their $50.00 LLC and walla--NO TAXES on pass through income!! At one point there were about 330,000 corporations in the State paying ZERO TAXES. Even basketball coach Bill Self at KU got in on the action.
Meanwhile back at the ranch...the rest of us working slobs got nailed with TWO sales tax increases,schools running on fumes,KDOT road projects canceled State wide,a State elimination of mortgage interest write off and a shortfall of nearly $900M big ones. That's what Tinkle down did to this State in just four years and will take YEARS to fix.
BlueAZure
(19 posts)It's a quantum spin state-change.
Dems in office = Deficits BAD
Repugs in office = Deficits DON'T EXISTS
lunatica
(53,410 posts)NCjack
(10,279 posts)Phoenix61
(17,006 posts)is true ONLY when taxes are crippling the economy i.e. when they are extremely high. That is not the case here, not by a long shot. This has been stated over and over and consistently ignored. Repub math in action.
ProfessorGAC
(65,060 posts). . .there were so many loopholes that hardly any high earners actually paid that. So, it didn't cripple the economy even then.
There is no good argument for it absent a massive world economic contraction that is exacerbated by high taxation rates. In and of themselves, there is no data to support that high taxes alone cause macroeconomic distress.
So, like you said, repub math in action.
Cryptoad
(8,254 posts)take the 1953 tax code and adjust the income brackets for inflation and the budget would be balanced within one year, Nation Debt paid off in 10 years, Rich would still be rich but working people would be making at least a living wages. That period was our nation's time of the most robust economy we have ever had!
ProfessorGAC
(65,060 posts)Now if you and i and Marianna could only learn math, right?
Binkie The Clown
(7,911 posts)Scruffy1
(3,256 posts)The way most economists make a living is telling rich people what they want to hear. If you do that you get an endowed chair and can brainwash students into actually believing the mystical BS.Of course, spending on infrastructure has a large long term stimulus effect, but they can safely ignore that because they know the rulers of the financial univerrse want the cash ASAP. Of course no reporter would ever ask the simple question:"If private spending boosts the economy, wouldn't government spending do the same?" If they did they would be driving for uber.You can also safely overlook the fact that food stamps have the largest economic multiplier of any kind of spending since the powers that be don't want to hear it and are obsessed with keeping the proles desperate so they always have somebody to clean their toilets. By logic it should lead to more financial aid to the poor but then the help might start to get uppity. That's the way it is in our 21st century plantation.
The fact that most corporations are paying diviedends should destroy the tax cut myth. When a company pays a dividend they are admitting they have more money than they know what to do with.
flotsam
(3,268 posts)and you have the nerve to challenge the veracity of the very people who put the BS in math???
NCjack
(10,279 posts)There's all those profits in off-shore banks. We can get it back quickly this way:
1. Demand that within 1 month, bring the money home and pay the current tax rate.
2. Don't do that, and the repatriation tax rate increases by 15% for every month of delay.
3. When the tax rate grows to over 100%, the IRS is directed to collect the tax by seizing the accounts and bring all the money home. The money brought home is applied against the tax bill, and the unpaid part is immediately due, with applicable penalties.
There would be a giant "swooshing" sound of money flying into the US Treasury.
Now, we can fund a healthcare system.
Lucky Luciano
(11,257 posts)Tax cuts make rich people richer.