JRP3
Hyperactive Member
Military won't even take the real nuts, that's why they run around playing pretend soldier.
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I think their point is that commercial real estate will tank since people don't want to live in the city if they don't have work there. ( SF rent rates are down 35 pc)Let's see. People will have some money to spend with UBI so local businesses will not be able to purchase any real estate. If people have no money to spend then businesses will be able to purchase commercial real estate. What's wrong with this picture?
I'd be happier if I knew it didn't go to the already bloated defense budget or wasteful kickbacks to the oil industry and similar industries. Probably be better off donating everything above 10 mil to a good charity, one that is vetted for how the donations are distributed. You can use something like GuideStar nonprofit reports and Forms 990 for donors, grantmakers, and businesses to check your favorite charity.
It's much more complex than that oft repeated conservative trope.You do understand that the oil industry in general earns less profit margins than most other industries. Right now they have negative returns. I guess the kickbacks you are talking about are the same tax write offs that all other industries get.
Fossil Fuel Subsidies & Finance - Oil Change InternationalA fossil fuel subsidy is any government action that lowers the cost of fossil fuel energy production, raises the price received by energy producers, or lowers the price paid by energy consumers. Essentially, it’s anything that rigs the game in favor of fossil fuels compared to other energy sources.
The most obvious subsidies are direct funding and tax giveaways, but there are many activities that count as subsidies – loans and guarantees at favorable rates, price controls, governments providing resources like land and water to fossil fuel companies at below-market rates, research and development funding, and more.
Fact Sheet: Fossil Fuel Subsidies: A Closer Look at Tax Breaks and Societal Costs | White Papers | EESIThe United States provides a number of tax subsidies to the fossil fuel industry as a means of encouraging domestic energy production. These include both direct subsidies to corporations, as well as other tax benefits to the fossil fuel industry. Conservative estimates put U.S. direct subsidies to the fossil fuel industry at roughly $20 billion per year; with 20 percent currently allocated to coal and 80 percent to natural gas and crude oil. European Union subsidies are estimated to total 55 billion euros annually.
It's much more complex than that oft repeated conservative trope.
Fossil Fuel Subsidies & Finance - Oil Change International
Fact Sheet: Fossil Fuel Subsidies: A Closer Look at Tax Breaks and Societal Costs | White Papers | EESI
Incorrect.That's a fail in Macro-economics. (ignore Exports-Imports for the time being)
There is Government spending, there is consumer spending and there is corporate/business spending. All three help grow the economy. Targeted tax cuts (to the lower and middle class) turn into Consumer spending. Sure, it may restrict Government spending, but Consumers can easily make up for it. Ditto tax cuts to businesses, particularly small business, as that also gets recycled back into the economy quickly. Corporate tax cuts also increase R&D spending which adds to the economy. (tax cuts turinng into greater dividends and stock buy backs, not so much)
So the question becomes which of Govt, Consumer or Business spending has a greater multiplier. (Ans: depends on the specific spending. Paying local teachers probably positive; buying bullets, perhaps not.)
The lower classes don't pay federal taxes in the US.
The middle class use tax cuts to pay off debt, which is money already spent.
Therefore tax cuts don't do anything to stimulate the economy.
Green New DealUmm, the lower classes pay FICA and sales taxes aplenty. Both taxes are regressive.
Umm, 100% of it? Do you have a source for that?
A Nobel Laureate in econ and a progressive member of the NYT disagrees with you. Giving his expertise AND the fact that he is a progressive and would like nothing more than to agree with you, he does not.
And the rich don't pay FICA taxes.Umm, the lower classes pay FICA and sales taxes aplenty. Both taxes are regressive.
Umm, 100% of it? Do you have a source for that?
A Nobel Laureate in econ and a progressive member of the NYT disagrees with you. Giving his expertise AND the fact that he is a progressive and would like nothing more than to agree with you, he does not.
If the American People are lifted, then the stock market should also rise as people will purchase more if they have the where-with-all to do so. The difference between giving tax cuts to the ultra-wealthy and helping people prosper is that the money flows rather than stagnates.What Biden and Harris Owe the Poor Opinion | What Biden and Harris Owe the Poor
Voters also supported at least 14 ballot initiatives across the country that increase taxes on the wealthy, protect workers, address housing issues and homelessness, bridge the digital divide, fund transportation, confront the criminalization of poverty and limit campaign contributions. Voters across the country demanded health care, living wages, the decriminalization of their communities and a system that taxes those who can afford it most. Sixty-three percent of Americans now say that the government has a responsibility to provide health care for all. Around two-thirds of Biden voters in Michigan, Pennsylvania and Nevada say that systemic racism is a significant problem, and the same proportion of Americans surveyed last year favored a $15 minimum wage.
From the Trump administration’s tax cuts for the wealthiest Americans to the government’s relief spending to shore up American corporations this year, we have seen what huge federal investment can do to lift the stock market. It’s past time to see what the same level of investment can do to lift the American people.