User Tag List

+ Reply to Thread
Page 1 of 3 123 LastLast
Results 1 to 10 of 24

Thread: Expect higher taxes in the coming years

  1. #1
    Original Ranter
    Points: 858,890, Level: 100
    Level completed: 0%, Points required for next Level: 0
    Overall activity: 91.0%
    Achievements:
    SocialCreated Album picturesOverdrive50000 Experience PointsVeteran
    Awards:
    Posting Award
    Peter1469's Avatar Advisor
    Karma
    496515
    Join Date
    Jun 2011
    Location
    NOVA
    Posts
    241,644
    Points
    858,890
    Level
    100
    Thanks Given
    153,205
    Thanked 147,525x in 94,386 Posts
    Mentioned
    2552 Post(s)
    Tagged
    0 Thread(s)

    Expect higher taxes in the coming years

    Expect higher taxes in the coming years

    Both at the federal, state and local levels. We have too many government handout programs and many politicians want to create more massively expensive handout programs. But when they do raise taxes, the economy will contract, so it is very possible federal revenues will drop rather than rise.

    As I have always said, it is the spending, stupid.

    KEY POINTS

    • Dalio says that the national debt, pension liabilities and health-care liabilities will ultimately have to result in higher taxes.
    • The debt and social program “will either be paid by higher taxes or they’ll be not paid and defaulted on,” he said. “I don’t think they will be defaulted on.”
    • The warnings about potential debt hazards come as the total fe


    Read the article at the link.
    ΜOΛΩΝ ΛΑΒΕ


  2. The Following 2 Users Say Thank You to Peter1469 For This Useful Post:

    FindersKeepers (11-07-2019),Lummy (11-07-2019)

  3. #2
    Points: 124,894, Level: 85
    Level completed: 64%, Points required for next Level: 1,156
    Overall activity: 0%
    Achievements:
    Social50000 Experience PointsVeteran
    Crepitus's Avatar Senior Member
    Karma
    1255215
    Join Date
    Nov 2014
    Location
    Wichita, KS
    Posts
    41,416
    Points
    124,894
    Level
    85
    Thanks Given
    17,385
    Thanked 13,440x in 9,812 Posts
    Mentioned
    510 Post(s)
    Tagged
    0 Thread(s)
    Quote Originally Posted by Peter1469 View Post
    Expect higher taxes in the coming years

    Both at the federal, state and local levels. We have too many government handout programs and many politicians want to create more massively expensive handout programs. But when they do raise taxes, the economy will contract, so it is very possible federal revenues will drop rather than rise.

    As I have always said, it is the spending, stupid.



    Read the article at the link.
    No mention of Cheeto Jesus spending us into near record deficits? While the economy is supposedly good? You know, the time when traditionally we pay those down a bit?
    People who think a movie about plastic dolls is trying to turn their kids gay or trans are now officially known as

    Barbie Q’s

  4. #3
    Original Ranter
    Points: 858,890, Level: 100
    Level completed: 0%, Points required for next Level: 0
    Overall activity: 91.0%
    Achievements:
    SocialCreated Album picturesOverdrive50000 Experience PointsVeteran
    Awards:
    Posting Award
    Peter1469's Avatar Advisor
    Karma
    496515
    Join Date
    Jun 2011
    Location
    NOVA
    Posts
    241,644
    Points
    858,890
    Level
    100
    Thanks Given
    153,205
    Thanked 147,525x in 94,386 Posts
    Mentioned
    2552 Post(s)
    Tagged
    0 Thread(s)
    Quote Originally Posted by Crepitus View Post
    No mention of Cheeto Jesus spending us into near record deficits? While the economy is supposedly good?
    I have discussed the failure of the GOP and Trump with regards to deficit spending elsewhere. This article is about future tax increases to cover the reckless social welfare program creation and spending. Not ever thread and post needs to tangent into Orange Man bad.

    Quote Originally Posted by Crepitus View Post

    You know, the time when traditionally we pay those down a bit?
    You do not "pay down" a deficit. You budget to spend equal to or lower than federal revenue.

    If you were referring to the debt rather than the deficit, you can not pay it down while you are using deficit spending year after year.
    ΜOΛΩΝ ΛΑΒΕ


  5. The Following User Says Thank You to Peter1469 For This Useful Post:

    DGUtley (11-07-2019)

  6. #4
    Points: 84,798, Level: 70
    Level completed: 98%, Points required for next Level: 52
    Overall activity: 1.0%
    Achievements:
    SocialVeteran50000 Experience Points
    Just AnotherPerson's Avatar Senior Member
    Karma
    27585
    Join Date
    Aug 2016
    Location
    Milky Way Galaxy
    Posts
    11,128
    Points
    84,798
    Level
    70
    Thanks Given
    14,094
    Thanked 9,554x in 5,668 Posts
    Mentioned
    87 Post(s)
    Tagged
    0 Thread(s)
    Much worse that social welfare is the spending on war.
    We are all brothers and sisters in humanity. We are all made from the same dust of stars. We cannot be separated because all life is interconnected.

  7. #5
    Original Ranter
    Points: 858,890, Level: 100
    Level completed: 0%, Points required for next Level: 0
    Overall activity: 91.0%
    Achievements:
    SocialCreated Album picturesOverdrive50000 Experience PointsVeteran
    Awards:
    Posting Award
    Peter1469's Avatar Advisor
    Karma
    496515
    Join Date
    Jun 2011
    Location
    NOVA
    Posts
    241,644
    Points
    858,890
    Level
    100
    Thanks Given
    153,205
    Thanked 147,525x in 94,386 Posts
    Mentioned
    2552 Post(s)
    Tagged
    0 Thread(s)
    Quote Originally Posted by Just AnotherPerson View Post
    Much worse that social welfare is the spending on war.
    Not in $$. What we have spent on the military and wars is a drop in the bucket compared to social welfare and entitlement spending.
    ΜOΛΩΝ ΛΑΒΕ


  8. #6
    Points: 41,437, Level: 49
    Level completed: 76%, Points required for next Level: 413
    Overall activity: 0.2%
    Achievements:
    Recommendation Second ClassSocial25000 Experience PointsVeteran
    Lummy's Avatar Senior Member
    Karma
    6307
    Join Date
    Apr 2018
    Posts
    12,618
    Points
    41,437
    Level
    49
    Thanks Given
    4,948
    Thanked 6,307x in 4,359 Posts
    Mentioned
    60 Post(s)
    Tagged
    0 Thread(s)
    Quote Originally Posted by Peter1469 View Post
    Not in $$. What we have spent on the military and wars is a drop in the bucket compared to social welfare and entitlement spending.
    The largest part of discretionary spending, however, is for the military, at 54%. This is where contention arises.





    I interpret "discretionary" as meaning easiest to slash, and you have to wonder how much is just industrial and corporate welfare under false cover of the flag.

    IMHO, extreme high tech weapons -- naval laser weapons and so forth -- need to be critically evaluated in this context with a view toward eliminating them.
    Last edited by Lummy; 11-07-2019 at 09:54 AM.

  9. #7
    Points: 41,437, Level: 49
    Level completed: 76%, Points required for next Level: 413
    Overall activity: 0.2%
    Achievements:
    Recommendation Second ClassSocial25000 Experience PointsVeteran
    Lummy's Avatar Senior Member
    Karma
    6307
    Join Date
    Apr 2018
    Posts
    12,618
    Points
    41,437
    Level
    49
    Thanks Given
    4,948
    Thanked 6,307x in 4,359 Posts
    Mentioned
    60 Post(s)
    Tagged
    0 Thread(s)
    Quote Originally Posted by Peter1469 View Post
    Not in $$. What we have spent on the military and wars is a drop in the bucket compared to social welfare and entitlement spending.
    The largest part of discretionary spending, however, is for the military, at 54%. This is where contention arises.





    I interpret "discretionary" as meaning easiest to slash, and you have to wonder how much is just industrial and corporate welfare.

    IMHO, extreme high tech weapons -- naval and space laser weapons and so forth -- need to be critically evaluated in this context with a view toward eliminating them.

  10. #8
    Points: 41,437, Level: 49
    Level completed: 76%, Points required for next Level: 413
    Overall activity: 0.2%
    Achievements:
    Recommendation Second ClassSocial25000 Experience PointsVeteran
    Lummy's Avatar Senior Member
    Karma
    6307
    Join Date
    Apr 2018
    Posts
    12,618
    Points
    41,437
    Level
    49
    Thanks Given
    4,948
    Thanked 6,307x in 4,359 Posts
    Mentioned
    60 Post(s)
    Tagged
    0 Thread(s)
    Also, health care spending should be scaled back bigly, in my opinion.

  11. #9
    Points: 84,798, Level: 70
    Level completed: 98%, Points required for next Level: 52
    Overall activity: 1.0%
    Achievements:
    SocialVeteran50000 Experience Points
    Just AnotherPerson's Avatar Senior Member
    Karma
    27585
    Join Date
    Aug 2016
    Location
    Milky Way Galaxy
    Posts
    11,128
    Points
    84,798
    Level
    70
    Thanks Given
    14,094
    Thanked 9,554x in 5,668 Posts
    Mentioned
    87 Post(s)
    Tagged
    0 Thread(s)
    Quote Originally Posted by Peter1469 View Post
    Not in $$. What we have spent on the military and wars is a drop in the bucket compared to social welfare and entitlement spending.
    Trump2020Budget-ic-3-17-2019.jpg
    We are all brothers and sisters in humanity. We are all made from the same dust of stars. We cannot be separated because all life is interconnected.

  12. #10
    Original Ranter
    Points: 297,679, Level: 100
    Level completed: 0%, Points required for next Level: 0
    Overall activity: 42.0%
    Achievements:
    SocialRecommendation Second ClassOverdrive50000 Experience PointsVeteran
    Mister D's Avatar Senior Member
    Karma
    416525
    Join Date
    Jun 2011
    Posts
    117,861
    Points
    297,679
    Level
    100
    Thanks Given
    25,296
    Thanked 53,470x in 36,445 Posts
    Mentioned
    1102 Post(s)
    Tagged
    1 Thread(s)
    Quote Originally Posted by Lummy View Post
    Also, health care spending should be scaled back bigly, in my opinion.
    So should American waistlines which are partly to blame for medical costs.
    Whoever criticizes capitalism, while approving immigration, whose working class is its first victim, had better shut up. Whoever criticizes immigration, while remaining silent about capitalism, should do the same.


    ~Alain de Benoist


  13. The Following User Says Thank You to Mister D For This Useful Post:

    Peter1469 (11-07-2019)

+ Reply to Thread

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts