I’m not saying that the maths add up, just that it isn’t impossible for rate changes to have contradictory effects to those expected.
The receipts would need to explode to deal with the 600+ billion deficit regardless.
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I’m also not sure that continued US growth is to be expected either. The current run is bordering on a record for uninterrupted growth.
I can’t see that lasting all that much longer.
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Obviously a layman, but I’m of the opinion that we would have started to see the next recession creeping in if not for the tax cut we saw.
It’s also painfully obvious that corporate America sees it coming as well. Hence the record breaking stock buybacks and automation spending.
I think regardless of what Trump (or anyone) does, we’ll see it creep up in the next few years. Stagnanting wages can’t compete with inflation after enough imbalance. We’re already seeing hints with the latest underwater car loans (imo mortgage is next).
Stock buybacks. Now that’s something the middle class wouldn’t have done with more money. Then again they pay less taxes than the rich so forget them. Would you really want to be a billionaire? Look at all the tax you pay!
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It’s actually worse than that. The stock bull run was due to the QE program. The central banks agreed to buy about 80bn a month more of bank bonds than they sell. Now that they are tightening this up, expect the bull to turn bearish with some rapidity.
Meanwhile, we make a national emergency about a tweet from a comedian.
“Bernie and a new Ghostbusters movie are two things I should be all about but their fans keep telling me I’m worthless so I’m gonna spend my money somewhere else…” wrote [Jess McIntosh]
Hahahaha
***** I’m not a Ghostbusters fan.
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Meh. I hypothetically do similar shit with invoices and stuff when I conduct business in China. She’s a socialist wannabe. Now she has real street cred. Go gal!
My old German boss told me they had a line item on their financials called “Chinese bribes” and it was audited like any other line item. I guess they changed the name to some German euphamism in the 90s so it wasn’t so blatant.
We have to sell our products to party-approved Chinese resellers, who would pay the bribes for us to make the sale. The politburo doesn’t take kindly to freelance corruption, you have to follow the rules.
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There’s a fixed hierarchy when it comes to this. You can’t bypass the ranks in the chain of command unless you know someone with the right connections or a relative inside who introduces you to the higher ups and vouches for you. It’s very much like a military system.
In the mid-2000s, these fuckers started to get cocky because they thought they would never get caught since EVERYONE was dirty. There were officials who were supposed to be earning 800USD per month who would amass properties in the tens of millions right in their districts. It was easy for Xi to start his purges by 2013 for political gain since everyone was interlinked one way or another in each district. This was all the way down to independent small time guys who were forging fake certifications(This is not joke. Once the shit hit the fan, everyone from the high levels to small time crooks knew about it and were told to cease activities for a period of time). All Xi had to do was select who he wanted to take out and there would be an abundance of evidence there and it was easy to pressure others to sell them out. At the same time, there was a much needed paradigm shift because of local(the new generation of internet savvy dudes with cameras and social media calling out corruption) and international pressure, plus the fact that a number of major Chinese corporations were booming, all of which the government has a stake in, officially or unofficially, and he got to pick the winners and losers. He got to be seen as a hero by taking out potential rivals, lots of small fish and a couple of big fish who were too conspicuous with their dealings. The corruption will go on, only now it will be streamlined under his rule.
That’s socialism and Big Government, brah. You don’t need corporate donors and all that shit if the government is big enough to cover up all the under the table activities going on. That’s for noobs and countries that actually like mundane shit like freedom. There are lots of ways to steal money. Nothing changes, only the fact that The People are happy and ignorant at the same time.
Tucker mad…
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Why do these stories always come off as someone going “HAHA WE HAVE PENISES NEENER NEENER.”
Like congrats. Enjoy having a physical weak spot that you may accidentally sit down on from time to time.
The fuck are they bragging about?
If I was him, I’d be mad at those comments too.
They’re finally part of the patriarchy?
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Why do you care what a supposed lunatic posts on the internet?
Sounds like an extension of the “It’s not gay If…” game.
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Because public policy is influenced by this kind of lunacy.
Edit: This current lunacy was started, in my opinion, by the legalization of gay marriage. I remember the discussion on this forum on the slippery slope that would ensue after legalizing gay marriage and the arguments that no such thing would happen. Look where we are now.
I think even if you can prove the correlation, it does not make legalizing gay marriage wrong in itself. This is similar to how socialists think.
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I’ll bite. What exactly is gay marriage responsible for and how can it be tied together?
Is straight marriage responsible for rape if it’s between members of the opposite sex? Look what type of things happened when straight marriage was the norm. Oh shit it still is the norm. Only we started letting some gays do it as well. Who gives a shit?
Hitler married to a woman for just a short while. Straight marriage caused WW2. Slippery ass slope.
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