There are no tax cuts! Just increased future taxation because there is no corresponding reduction in government spending.
These Keynesians make me laugh. People should be saving money. That is the problem. There can't be real investment without real savings. You can't create capital out of a printing press.
If you want to know why there is a division of wealth then realize that if everyone spends all of their money it will go to the ownership class. If you save you reduce division.
Recessions usually correct that behaviour and that is true right now. We need to let the market work at stop creating these credit bubbles with the Federal Reserve price fixing interest rates. If we stop punishing people for saving we might get somewhere.
The government thinks it can succeed where private citzens fail like Madoff. The government runs a debt ponzi scheme which will collapse eventually.
We don't need more spending, we need more saving. We are the world's largest debtor nation and we have a huge cumulative trade deficit. We have a phony service sector economy that is collapsing because 2/3 of it is spending. We have more banks and retail area than anywhere in the world. It's not sustainable.
Eventually all foreign aid will end because there is only so much money(value). Then, maybe some Asian countries will take up the slack, so don't worry.
Imagine, the economy in the state it is right now while US dollars are given to Israel to provide them with tanks and massive weaponry it can send to Gaza against Palestinians who are at best armed with handmade rockets.
oh brother.. more crap.. pretty soon the government will not be collecting any money thru taxation.. then what.. ?? what a house of cards.. the infrastructure will suffer and become dilapidated.
integral=dumb ass blonde who's probably a zionist herself, trying to pretend like she has no idea of what her Khazar/zionist countrymen are doing to America. Well, the american people are increasingly becoming aware of you FAKE jews and the death, debt, and distruction that follows you everywhere you go. The bible warned us about your kind. It's written in revelations 2:9 that there would be a group of people claiming to be jews but in reality they were from the synagouges of satan. ZIONIST=EVIL
B#LL$HIT ALERT - Reich's "explanation" about getting a permanent $1,000 tax cut going to anything other than paying down debt at :40 seconds is complete garbage. Liptstick on a pig. The Debtor Barrons are standing in the way of an effective tax-break-as-stimulus.
I'm surprised no conservatives have made the "third Reich" joke yet.
Maybe they missed it.
AnimeIntroStyles3 3 years ago
As economic crisis going on, Amercian are planning to distribute bonus?
aba3aba 3 years ago
There are no tax cuts! Just increased future taxation because there is no corresponding reduction in government spending.
These Keynesians make me laugh. People should be saving money. That is the problem. There can't be real investment without real savings. You can't create capital out of a printing press.
If you want to know why there is a division of wealth then realize that if everyone spends all of their money it will go to the ownership class. If you save you reduce division.
corymd3470 3 years ago
but arent Americans poor at saving?
i've heard that they like to spend alot :)
Darusdei 3 years ago
Recessions usually correct that behaviour and that is true right now. We need to let the market work at stop creating these credit bubbles with the Federal Reserve price fixing interest rates. If we stop punishing people for saving we might get somewhere.
corymd3470 3 years ago
Guys watch it please before you judges us go to youtube search for - Pallywood
search for - Pallywood
anna1111777 3 years ago
tax cuts are a quick way to stop programs like welfare and social security.
PersonalJesus348 3 years ago
Not too good using a calculatortortor, but $300 billion spread over 300 million would be more like $1000 a pop than $500 a pop, wouldn't it?
voyeurdug 3 years ago
on top of the $500 that individuals would recieve, businesses will also recieve tax cuts, and perhaps tax rebates.
triluv 3 years ago
OMG!!! We may actually be getting some common sense in Washington!!! UNFUCKINGBELIEVABLE!!!
oppesdaman 3 years ago
Cutting taxes is great, but if you keep cutting taxes without cutting spending, we're going to be in more trouble.
MooseOfReason 3 years ago
The government thinks it can succeed where private citzens fail like Madoff. The government runs a debt ponzi scheme which will collapse eventually.
We don't need more spending, we need more saving. We are the world's largest debtor nation and we have a huge cumulative trade deficit. We have a phony service sector economy that is collapsing because 2/3 of it is spending. We have more banks and retail area than anywhere in the world. It's not sustainable.
corymd3470 3 years ago
is obama gonna save us a bunch of money by cutting aid to israel? he could, but he wont...
achampag 3 years ago 4
Eventually all foreign aid will end because there is only so much money(value). Then, maybe some Asian countries will take up the slack, so don't worry.
Epic878787 3 years ago
Imagine, the economy in the state it is right now while US dollars are given to Israel to provide them with tanks and massive weaponry it can send to Gaza against Palestinians who are at best armed with handmade rockets.
lacountess 3 years ago
Yes... Money to the people who need it. COUGHHIGHCLASSCOUGH
Cridran 3 years ago
More and more lies. Getting disgusted from hoping so much. I've lost all my hope. What is faith? Let's ask the soldiers in Gaza...
Cridran 3 years ago
oh brother.. more crap.. pretty soon the government will not be collecting any money thru taxation.. then what.. ?? what a house of cards.. the infrastructure will suffer and become dilapidated.
navtel 3 years ago
There was nothing tentative about this.
btinder711 3 years ago
Robert Reich= Zionist theif who CANNOT be trusted.
UGOTDAJACK 3 years ago
UGOTDAJACK = blathering idiot with his head up his ass
integral 3 years ago 2
integral=dumb ass blonde who's probably a zionist herself, trying to pretend like she has no idea of what her Khazar/zionist countrymen are doing to America. Well, the american people are increasingly becoming aware of you FAKE jews and the death, debt, and distruction that follows you everywhere you go. The bible warned us about your kind. It's written in revelations 2:9 that there would be a group of people claiming to be jews but in reality they were from the synagouges of satan. ZIONIST=EVIL
UGOTDAJACK 3 years ago
i like everything u said till you quoted the bible.
theoneandonlyroelle 3 years ago
you disgust the utter crap out of me and I support the palistineans
cat00012000 3 years ago
It's not my fault that you're ignorant to the facts. It's yours.
UGOTDAJACK 3 years ago
B#LL$HIT ALERT - Reich's "explanation" about getting a permanent $1,000 tax cut going to anything other than paying down debt at :40 seconds is complete garbage. Liptstick on a pig. The Debtor Barrons are standing in the way of an effective tax-break-as-stimulus.
WadeBlazingame34 3 years ago
bla bla bla politics :s
RichRayen 3 years ago
You're American, aren't you?
YukiIsoya08 3 years ago
.....
traptraptraptraps 3 years ago