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WarGamer

(18,045 posts)
9. I think you're missing my point.
Wed May 24, 2023, 07:52 PM
May 2023

If we need XXXX amount of money for the fiscal year 2029 Budget, you adjust the taxation/fees numbers to make it work.

You can still make all the investments we need... but they're paid for.

Revenue should define spending.

Don't have enough money? Raise revenue.

Even the GOP agrees with that... except they believe in the fairy tale that by allowing rich people to stuff MORE cash in their pillow cases, they will magically spend MORE money in the community.

It's common knowledge that the wealthy just take the money out of public circulation by stacking it up in stocks, etf's or mutual funds.

The guy on the street corner selling tacos isn't gaining by how many billions of dollars Jonny Tightwad owns in TSLA, AMZN and AAPL stock.

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Problem Is... ProfessorGAC May 2023 #1
If we can start from "break even"... WarGamer May 2023 #2
I'm Ok With That ProfessorGAC May 2023 #6
A balanced budget is not what we should aim for. dawg May 2023 #3
But to spend a trillion dollars a year to serive the debt... WarGamer May 2023 #4
If we can borrow at 4%, and grow the economy at 5%, we are better off. dawg May 2023 #7
I think you're missing my point. WarGamer May 2023 #9
Under your scenario, the investments are paid for inefficiently and the economy suffers. dawg May 2023 #10
I hear ya... WarGamer May 2023 #11
Better to tax the wealthy than the middle class, for sure, but ... dawg May 2023 #13
John Oliver did an interesting segment about the debt a year or two ago stumpysbear May 2023 #5
entertaining but not how an Econ professor would see it. WarGamer May 2023 #8
A balance budget is a reasonable target, but a horrible rule. unblock May 2023 #12
A balanced budget requirement could turn recessions into depressions. dawg May 2023 #15
That's it exactly. unblock May 2023 #18
I'm cool with that... WarGamer May 2023 #20
It Does Not Seem To Be, Sir The Magistrate May 2023 #14
Conservatives scaremonger the debt in order to push for cuts to social programs. dawg May 2023 #16
Exactly, Sir The Magistrate May 2023 #17
Caring about th enational debt is patriotic and smart... WarGamer May 2023 #19
Democrats should scaremonger the debt... to illustrate how the wealthy are cheating. WarGamer May 2023 #21
Latest Discussions»General Discussion»The National Debt... is i...»Reply #9