You’re crazy if you don’t see his point. For a guy who bitches about the awful things a D president and D Congress do on a weekly basis, you shouldn’t be so inclined to give them more opportunity
Economics Thread
- Thread starter sturg33
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You’re crazy if you don’t see his point. For a guy who bitches about the awful things a D president and D Congress do on a weekly basis, you shouldn’t be so inclined to give them more opportunity
acesfull86
Well-known member
We can see how this goes - D projects an unrealistic revenue stream from the tax, they spend the money before they have it, the volatility of the market and/or behavioral changes of the rich leads to much less revenue generated than forecasted, they come back for those of us without 9-10 figure net worths to close the gap (or we accelerate our never ending debt).
You aren't giving them more power.
You are addressing wealth consolidation before it destabilizes the country further.
Congress only has power because they in effect have lifetime terms.
You eliminate that and DC changes in a hurry.
You could easily update budget projections on a quarterly/monthly basis to adjust government spending.
These things are very easy to do.
sturg33
I
You are so naive on this topic
acesfull86
Well-known member
When’s the last time that was done?
With the introduction of this new type of tax it would require valuation specialists to validate future revenues.
Again, these types of things are very easy and are done almost daily by some companies.
You seem to think the government has any true power.
We have an oligarchy and our politicians are just taking orders.
It mostly impacts short term lending and restricts liquidity because lines of credit subject to adjustable rates become less appealing.
Mortgage rates will remain low for the foreseeable future.
And it pushes investors away from the bond market so short term spikes in equities/alternatives may be expected.