Bill Whittle - Taxes can't Solve the Deficit (Mathimatically Impossible)
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@scrubrug I don't ever remember mathematical addition having political views.
Bubblewhip341 2 months ago
This propaganda is about as bad as the Soviet Union's in the height of the Cold War. Extremely one sided information.
scrubrug 2 months ago
@MS3FTW Even Bush's *own economists* admit that his taxes did not increase government revenues (look it up). If you isolate capital gains revenue increases, then you have to show that these offset the larger losses from the other tax cuts. They do not. Even Milton Friedman agreed the tax cuts would reduce tax revenues and result in intolerable deficits. But, hey, in Supply Side Orthodoxy, "deficits don't matter" -- right! Oh, wait, now they do!
shrbri 4 months ago
@MS3FTW Read my comment again: His premise is that we have to raise the *entire* amount needed to pay off the deficit in a single year -- did the current deficit get created in a single year? -- No, it has built up over many years.
Funny that you critique my facts and numbers when Mr. Whittle can't even spell "mathematics." Oops.
shrbri 4 months ago
@shrbri Another little fact that seems to not be understood is that the Bush tax cuts actually raised government revenue. As people are taxed more they produce less and hide or shelter their money. This is why when Bush and Clinton lowered capital gains taxes, more people invested and more revenue was taken in from the tax. Tax payers react dynamically to tax policy, which would which if were quantified would make Whittle's math even more devastating for his Socialists opponents.
MS3FTW 4 months ago
@shrbri No he is not setting up a false premise at all. He is comparing yearly deficit to yearly revenue that could be raised through taxes. I know liberals don't understand facts or numbers too well so I'll let it slide.
MS3FTW 4 months ago
Soon, Socialists will run out of other people's money. (Note the riots in England when that happens. And WHO rioted.)
DoktorFranken 5 months ago
Cute, but you set up a false starting premise: That we have to pay everything off in 1 year? Without this, your whole game falls apart.
The Bush tax cuts have been in effect for 10 years and we've been fighting two expensive wars for about the same time. It's going to take us a lot longer than a year to dig out of this -- so stop being cute and start getting real.
Americans overwhelming support Soc Security, Medicaid and big defense. We have to pay for it by raising taxes.
shrbri 6 months ago
@benjamming554 the only problem with this hypothesis is that it facilitates the creation of false bubbles, the last thing the markets need is another 'correction'.
supersymbiotic 6 months ago
This needs to be shown to the thieves running Congress and the White House. They are f-ing INSANE with no regard for tomorrow. Such and evil and corrupt bunch of loonies. Its time the military steps in and remove them. Its the only way out of this mess, dismantle the Federal Reserve and IRS and start from scratch.
roybdaman 6 months ago