Who thinks Trump will win?

stefanovich

gizmo wrote: »

What do you think the following measures will accomplish?

And increase in manufacturing the US and less reliance on countries with terrible human rights records? More self sufficiency? More jobs?

I know his trade wars have economic consequences but I do believe he is just trying to rebalance things globally and make the US more self sufficient.

gizmo

stefanovich wrote: »

And increase in manufacturing the US and less reliance on countries with terrible human rights records? More self sufficiency? More jobs?

I know his trade wars have economic consequences but I do believe he is just trying to rebalance things globally and make the US more self sufficient.

They're excerpts from Biden's Tax Plan as described in the Tax Foundation article you linked earlier.

stefanovich

gizmo wrote: »

They're excerpts from Biden's Tax Plan as described in the Tax Foundation article you linked earlier.

Well they are good ideas. They are not even considered as part of the model as there's not enough detail.

Problem is he also has a lot of bad ideas.

8-10

duploelabs wrote: »

Eh no, that'd be Mitch McConnell blocking everything in the senate

That's the ineptitude

McConnell should be in a much closer race for his Senate seat than he is, he's awful.

But really he's just a product of their broken system

gizmo

stefanovich wrote: »

Well they are good ideas. They are not even considered as part of the model as there's not enough detail.

Problem is he also has a lot of bad ideas.

Do you have any opinion on why the ideas flagged by the Tax Foundation as bad, at least with respect to how they'll impact GDP, are in fact bad?

And on a related note, do you not find their forecasting somewhat unreliable given the lack of consideration to the increase in government spending which the Democrats will likely engage in?

Eric Cartman

Raising domestic taxes is always bad no matter who does it. Donald trump is the only candidate there who doesnt want to raise taxes on ordinary people , for that reason alone he’s the better candidate

ohnonotgmail

Eric Cartman wrote: »

Raising domestic taxes is always bad no matter who does it. Donald trump is the only candidate there who doesnt want to raise taxes on ordinary people , for that reason alone he’s the better candidate

Biden doesn't either. he has made that very clear.

Eric Cartman

ohnonotgmail wrote: »

Biden doesn't either. he has made that very clear.

His tax plan involves raising taxes...

ohnonotgmail

Eric Cartman wrote: »

His tax plan involves raising taxes...

not on anybody earning under 400,000. maybe your idea of ordinary is different to mine?

duploelabs

Eric Cartman wrote: »

His tax plan involves raising taxes...

With whom?

Call Me Jimmy

dwayneshintzy wrote: »

If there was child pornography on that harddrive, why did Rudy Giuliani hold on to it for so long (rather than alert law enforcement straight away), and why did he show it to ANYONE else? Is that not distribution of illegal material in and of itself?

I'd say an ex US Attorney and his lawyer know how to handle evidence and investigations, so that's a long shot.

stefanovich

gizmo wrote: »

Do you have any opinion on why the ideas flagged by the Tax Foundation as bad, at least with respect to how they'll impact GDP, are in fact bad?

And on a related note, do you not find their forecasting somewhat unreliable given the lack of consideration to the increase in government spending which the Democrats will likely engage in?

They are pretty reliable outfit.

https://mediabiasfactcheck.com/tax-foundation/

Government spending should always be a last resort.

As Milton Friedman said:

https://www.youtube.com/watch?v=5RDMdc5r5z8

joseywhales

Government spending should be a last resort.

I guess then that friedman would have been less than impressed with the cares act then, by far the largest government intervention in the free market in history.

In fact when one libertarian in his own party suggested that they at least record the vote on the act, Trump suggested he should be expelled from the party.

https://www.npr.org/2020/03/28/822969308/-2-trillion-coronavirus-relief-bill-presents-a-reckoning-for-libertarians

Trump the free marketeer!

stefanovich

joseywhales wrote: »

Government spending should be a last resort.

I guess then that friedman would have been less than impressed with the cares act then, by far the largest government intervention in the free market in history.

In fact when one libertarian in his own party suggested that they at least record the vote on the act, Trump suggested he should be expelled from the party.

https://www.npr.org/2020/03/28/822969308/-2-trillion-coronavirus-relief-bill-presents-a-reckoning-for-libertarians

Trump the free marketeer!

Last resort. Pandemic is exactly the type of situation where increased government spending is a good thing.

gizmo

stefanovich wrote: »

They are pretty reliable outfit.

https://mediabiasfactcheck.com/tax-foundation/

Government spending should always be a last resort.

Yes, I commented on this earlier. Their accuracy rating there, however, relates to their reporting of current events, not their tax plan forecasting.

Thankfully, we do have some real world examples of the later when it comes to predicting the effects of more recent Democratic policies.

A Comparison of the Long-Term Economic Effects of the Obama and Romney Tax Plans

A Dynamic Analysis of President Obama’s Tax Initiatives

In both cases their estimates were considerably off when viewed against the GDP at the end of each fiscal term.

Eric Cartman

ohnonotgmail wrote: »

not on anybody earning under 400,000. maybe your idea of ordinary is different to mine?

under a million a year in the states is not rich, thats just upper middle class. People in some parts of California on 100k a year who'd envy the lifestyle here of people on 40.

ohnonotgmail

Eric Cartman wrote: »

under a million a year in the states is not rich, thats just upper middle class. People in some parts of California on 100k a year who'd envy the lifestyle here of people on 40.

so somebody earning 400,000 is ordinary?

stefanovich

ohnonotgmail wrote: »

so somebody earning 400,000 is ordinary?

He is also talking about increased taxation on business. This is in effect a tax on everyone who buys their products.

ohnonotgmail

stefanovich wrote: »

He is also talking about increased taxation on business. This is in effect a tax on everyone who buys their products.

that isn't what we were talking about. he wants to increase taxes on businesses that offshore and give tax break to companies that bring jobs back to the US. you seem to think that is a problem.

stefanovich

ohnonotgmail wrote: »

that isn't what we were talking about. he wants to increase taxes on businesses that offshore and give tax break to companies that bring jobs back to the US. you seem to think that is a problem.

He is also increasing corporation tax across the board.

MeMen2_MoRi_

Businesses are backing Biden for POTUS. The biggest lobbying group in DC (Chambers of commerce) is backing Dems for the senate and with holding funding from GOP runners so the Dems can control the WH/Senate/Congress and not have to deal with the GOP politics of blocking/whining about think of the deficit etc.. We are seeing the whining playing out atm with regards the stimulus 2.0..

stefanovich

MeMen2_MoRi_ wrote: »

Businesses are backing Biden for POTUS. The biggest lobbying group in DC (Chambers of commerce) is backing Dems for the senate and with holding funding from GOP runners so the Dems can control the WH/Senate/Congress and not have to deal with the GOP politics of blocking/whining about think of the deficit etc.. We are seeing the whining playing out atm with regards the stimulus 2.0..

Some businesses.
Typical uninspired shortsighted businesses.

gizmo

stefanovich wrote: »

He is also increasing corporation tax across the board.

More importantly, they're proposing this...

Creates a minimum tax on corporations with book profits of $100 million or higher. The minimum tax is structured as an alternative minimum tax—corporations will pay the greater of their regular corporate income tax or the 15 percent minimum tax while still allowing for net operating loss (NOL) and foreign tax credits

When a company like Amazon can pay $162m in corporate tax out of their €13.9b pre-tax income - a figure that represents an effective rate of approximately 1.2% - then the question shouldn't be what measures are the federal government taking to necessarily increase the corporate tax rate, it's what they're doing to further end the loop holes and special interest tax breaks afforded to these companies.

MeMen2_MoRi_

stefanovich wrote: »

Some businesses.
Typical uninspired shortsighted businesses.

Wouldn't regard wall Street as some businesses, definitely not shortsighted ones

https://youtu.be/uW1AvzBGof8

So, what, you're pleased you're backing the Wall Street candidate?

Overheal

Eric Cartman wrote: »

Raising domestic taxes is always bad no matter who does it. Donald trump is the only candidate there who doesnt want to raise taxes on ordinary people , for that reason alone he’s the better candidate

I didn’t know the median income was $0.4 million/year

Overheal

[Deleted User] wrote: »

So, what, you're pleased you're backing the Wall Street candidate?

Is this said with a straight face? Do you really not know how many Wall Street executives make up Trumps cabinet?

Zico

Trump paid 275 times more tax in China than the United States.

So he understands what Communist taxation feels like.

astrofool

Zico wrote: »

Trump paid 275 times more tax in China than the United States.

So he understands what Communist taxation feels like.

No wonder the trade deficit was so high

Billy Mays

So in a new poll released today 50% of Trump supporters believe top democrats are involved in child sex trafficing rings

That translates as half of Trump's supporters are complete f*cking mentalists

I wonder if many of his disciples on here think the same? I have my suspicions about one or two for sure