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: 579,953, Level: 100
    Level completed: 0%, Points required for next Level: 0
    Overall activity: 99.9%
    Achievements:
    SocialCreated Album picturesOverdrive50000 Experience PointsVeteran
    Awards:
    Posting Award
    Peter1469's Avatar Advisor
    Karma
    437793
    Join Date
    Jun 2011
    Location
    NOVA
    Posts
    172,779
    Points
    579,953
    Level
    100
    Thanks Given
    104,491
    Thanked 88,775x in 59,469 Posts
    Mentioned
    2290 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

    Please visit my blog http://thepoliticalforums.com/blogs/peter/
    (If a post link does not work, see the archives- it should work there.)

  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: 105,999, Level: 79
    Level completed: 28%, Points required for next Level: 1,951
    Overall activity: 0%
    Achievements:
    Social50000 Experience PointsVeteran
    Crepitus's Avatar Senior Member
    Karma
    1254282
    Join Date
    Nov 2014
    Location
    Wichita, KS
    Posts
    37,343
    Points
    105,999
    Level
    79
    Thanks Given
    16,442
    Thanked 12,507x in 9,089 Posts
    Mentioned
    445 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?
    "Everybody knew".

    Ambassador Gordon Sonland, 11/20/2019.

  4. #3
    Original Ranter
    Points: 579,953, Level: 100
    Level completed: 0%, Points required for next Level: 0
    Overall activity: 99.9%
    Achievements:
    SocialCreated Album picturesOverdrive50000 Experience PointsVeteran
    Awards:
    Posting Award
    Peter1469's Avatar Advisor
    Karma
    437793
    Join Date
    Jun 2011
    Location
    NOVA
    Posts
    172,779
    Points
    579,953
    Level
    100
    Thanks Given
    104,491
    Thanked 88,775x in 59,469 Posts
    Mentioned
    2290 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

    Please visit my blog http://thepoliticalforums.com/blogs/peter/
    (If a post link does not work, see the archives- it should work there.)

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

    DGUtley (11-07-2019)

  6. #4
    Points: 53,009, Level: 56
    Level completed: 25%, Points required for next Level: 1,441
    Overall activity: 1.0%
    Achievements:
    SocialVeteran50000 Experience Points
    Just AnotherPerson's Avatar Senior Member
    Karma
    23910
    Join Date
    Aug 2016
    Location
    Milky Way Galaxy
    Posts
    8,196
    Points
    53,009
    Level
    56
    Thanks Given
    8,310
    Thanked 5,876x in 3,802 Posts
    Mentioned
    70 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: 579,953, Level: 100
    Level completed: 0%, Points required for next Level: 0
    Overall activity: 99.9%
    Achievements:
    SocialCreated Album picturesOverdrive50000 Experience PointsVeteran
    Awards:
    Posting Award
    Peter1469's Avatar Advisor
    Karma
    437793
    Join Date
    Jun 2011
    Location
    NOVA
    Posts
    172,779
    Points
    579,953
    Level
    100
    Thanks Given
    104,491
    Thanked 88,775x in 59,469 Posts
    Mentioned
    2290 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

    Please visit my blog http://thepoliticalforums.com/blogs/peter/
    (If a post link does not work, see the archives- it should work there.)

  8. #6
    Points: 22,562, Level: 36
    Level completed: 51%, Points required for next Level: 588
    Overall activity: 11.0%
    Achievements:
    Recommendation Second ClassSocial1 year registered10000 Experience Points
    Lummy's Avatar Senior Member
    Karma
    3847
    Join Date
    Apr 2018
    Posts
    8,958
    Points
    22,562
    Level
    36
    Thanks Given
    2,965
    Thanked 3,847x in 2,810 Posts
    Mentioned
    46 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 08:54 AM.
    http://thepoliticalforums.com/threads/120290-Vodafone-denies-5G-coronavirus-connection

  9. #7
    Points: 22,562, Level: 36
    Level completed: 51%, Points required for next Level: 588
    Overall activity: 11.0%
    Achievements:
    Recommendation Second ClassSocial1 year registered10000 Experience Points
    Lummy's Avatar Senior Member
    Karma
    3847
    Join Date
    Apr 2018
    Posts
    8,958
    Points
    22,562
    Level
    36
    Thanks Given
    2,965
    Thanked 3,847x in 2,810 Posts
    Mentioned
    46 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.
    http://thepoliticalforums.com/threads/120290-Vodafone-denies-5G-coronavirus-connection

  10. #8
    Points: 22,562, Level: 36
    Level completed: 51%, Points required for next Level: 588
    Overall activity: 11.0%
    Achievements:
    Recommendation Second ClassSocial1 year registered10000 Experience Points
    Lummy's Avatar Senior Member
    Karma
    3847
    Join Date
    Apr 2018
    Posts
    8,958
    Points
    22,562
    Level
    36
    Thanks Given
    2,965
    Thanked 3,847x in 2,810 Posts
    Mentioned
    46 Post(s)
    Tagged
    0 Thread(s)
    Also, health care spending should be scaled back bigly, in my opinion.
    http://thepoliticalforums.com/threads/120290-Vodafone-denies-5G-coronavirus-connection

  11. #9
    Points: 53,009, Level: 56
    Level completed: 25%, Points required for next Level: 1,441
    Overall activity: 1.0%
    Achievements:
    SocialVeteran50000 Experience Points
    Just AnotherPerson's Avatar Senior Member
    Karma
    23910
    Join Date
    Aug 2016
    Location
    Milky Way Galaxy
    Posts
    8,196
    Points
    53,009
    Level
    56
    Thanks Given
    8,310
    Thanked 5,876x in 3,802 Posts
    Mentioned
    70 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: 236,519, Level: 100
    Level completed: 0%, Points required for next Level: 0
    Overall activity: 99.4%
    Achievements:
    SocialRecommendation Second ClassOverdrive50000 Experience PointsVeteran
    Mister D's Avatar Senior Member
    Karma
    399650
    Join Date
    Jun 2011
    Posts
    94,625
    Points
    236,519
    Level
    100
    Thanks Given
    18,984
    Thanked 36,593x in 25,866 Posts
    Mentioned
    947 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

Single Sign On provided by vBSSO