Tapate50
Well-known member
Well- once people become reliant on the government for their checks its super hard to get them off. Thus ensuring future votes to keep that program going...
Mileage tax ... mileage used to be tax deductible... oof.
The Biden Presidency
- Thread starter The Tariff King
- Start date
Well- once people become reliant on the government for their checks its super hard to get them off. Thus ensuring future votes to keep that program going...
Mileage tax ... mileage used to be tax deductible... oof.
Tapate50
Well-known member
The current trend is to not get married but be married so to speak so that incomes\deductions\state and federal benefit for kids still applies instead of combining a household.
Not a great way to necessarily tie in a nuclear family if you think that is a more stable household.
acesfull86
Well-known member
I blame Bezos for not paying his fair share
acesfull86
Well-known member
*bangs head against wall*
acesfull86
Well-known member
https://www.bloomberg.com/opinion/articles/2021-03-31/when-it-comes-to-the-cbo-the-hypocrisy-is-bipartisan?srnd=opinion&sref=htOHjx5Y
Now there is a Democrat in the White House — and, predictably, it is rare for Democratic economists to praise the CBO. They prefer to criticize or sometimes just to ignore it.
Earlier this year the CBO said that a federal $15 minimum wage would eliminate 1.4 million jobs. The Democratic establishment, which had been considering the idea of inserting such a minimum wage hike into the American Rescue Plan, did not welcome this judgment. Meanwhile, many academics also did not side with the CBO. Arindrajit Dube of the University of Massachusetts, a self-described social democrat, argued against the CBO interpretation of the research literature and suggested the loss of employment would be much lower.
....
The CBO is a group of highly trained experts, and most of its employees live in strongly “blue” metropolitan Washington. Educated people in this area lean all the more strongly Democratic in their voting behavior. So while the CBO enforces a kind of conservatism of analytical spirit, in another way it is hardly stacked against liberal ideas.
Recently the CBO issued a working paper considering what would happen if U.S. government expenditures were to consume an additional 5% to 10% of GDP. The results are pretty grim: By 2030, because of higher taxes and higher borrowing, the level of GDP would be 3 to 10 percentage points lower. The largest losses are suffered by young Americans, who would go through more of their lives with a lower capital stock, leading to lower wages. Worse yet, the losses are highest when the spending is financed by progressive taxation — a very popular idea in today’s Democratic Party.
As with the CBO’s minimum-wage analysis, you may not agree with every aspect of this study. The authors themselves note that it neglects any productivity gains that might follow from the expenditures. Still, these estimates represent a real challenge to those who favor more government spending.
This analysis has mostly been ignored rather than attacked, which is unfortunate for those of us who would prefer a robust debate. In the meantime, “If you can’t even convince the CBO” seems like a good standard of proof for Democrats to accept — and one they themselves insisted on not very long ago.
Now there is a Democrat in the White House — and, predictably, it is rare for Democratic economists to praise the CBO. They prefer to criticize or sometimes just to ignore it.
Earlier this year the CBO said that a federal $15 minimum wage would eliminate 1.4 million jobs. The Democratic establishment, which had been considering the idea of inserting such a minimum wage hike into the American Rescue Plan, did not welcome this judgment. Meanwhile, many academics also did not side with the CBO. Arindrajit Dube of the University of Massachusetts, a self-described social democrat, argued against the CBO interpretation of the research literature and suggested the loss of employment would be much lower.
....
The CBO is a group of highly trained experts, and most of its employees live in strongly “blue” metropolitan Washington. Educated people in this area lean all the more strongly Democratic in their voting behavior. So while the CBO enforces a kind of conservatism of analytical spirit, in another way it is hardly stacked against liberal ideas.
Recently the CBO issued a working paper considering what would happen if U.S. government expenditures were to consume an additional 5% to 10% of GDP. The results are pretty grim: By 2030, because of higher taxes and higher borrowing, the level of GDP would be 3 to 10 percentage points lower. The largest losses are suffered by young Americans, who would go through more of their lives with a lower capital stock, leading to lower wages. Worse yet, the losses are highest when the spending is financed by progressive taxation — a very popular idea in today’s Democratic Party.
As with the CBO’s minimum-wage analysis, you may not agree with every aspect of this study. The authors themselves note that it neglects any productivity gains that might follow from the expenditures. Still, these estimates represent a real challenge to those who favor more government spending.
This analysis has mostly been ignored rather than attacked, which is unfortunate for those of us who would prefer a robust debate. In the meantime, “If you can’t even convince the CBO” seems like a good standard of proof for Democrats to accept — and one they themselves insisted on not very long ago.
sturg33
I
Dude is spending and taxing an awful lot of money on the back of the narrowest "mandate" we've ever seen.
I guess they are going all in knowing 2022 will be a bloodbath
I hope yall are invested in gold and crypto. Inflation is gonna be epic. **** the poor, I guess
[Tw]1377693082465009668[/tw]
I guess they are going all in knowing 2022 will be a bloodbath
I hope yall are invested in gold and crypto. Inflation is gonna be epic. **** the poor, I guess
[Tw]1377693082465009668[/tw]
Many have warned this was coming for a few years. We were called conspiracy loons.