Message from @Brickiest Brick
Discord ID: 417954802862129162
how will it not work in the long term?
how does that work?
explain the process behind this
For example, the US tax law which decreased corporate tax rates
I honestly stated that I'm not really aligned to one particular anarchist school of thinking
Yes it will bring back more businesses
Aka more short term gains
>spouting trickle down economics theory
but how will it drop in the long term
But the CBO estimates more rhan a trillion dollars in deficit
Because of lower tax revenues
@Deleted User They should move the federal reserve to trump tower
The solutions offered by socialism are usually much more radical than just changing the tax rate
Though different people will have different solutions
Which is why you have so many obnoxipus people with their (brand) of socialism
Like you noted earlier
so what you're saying is that the government won't be collecting enough taxes to sustain itself and that is the problem with low taxes?
No, that was for a specific example
Being up way too late and trying to think of something to write is like being drunk and trying to think of something to say
TBH
alright im fucking out
what is the process behind that happening
I thought you said you read marx...
if the corporate tax rate causes businesses to come back
create jobs
what processes in effect will cause the economy to decline and unemployment to rise?
Its not that simple, also i just gave you an example of why it wont work
More than a trillion dollars expected to be added to the national debt
US already has a massive debt to gdp ratio
national debt makes more sense
you said deficit before
Yeah sorry
Edited
ya
Also, if the world didnt have USD as a reserve currency, US would be fucked
Calvin Coolidge presided over an economic boom by doing nothing, but as he passed the reins over to Herbert Hoover the economy basically imploded
well look i can get behind that but with all things considered we have to cut the government by a lot
@Nike @Brickiest Brick And don't forget that this is happening while, as you (brick) said, "businesses are coming back" from what is supposed to be a prospering time
the reason the government can't support itself is because it's too big
the government needs to find a balance between how much in taxes it takes in and how big it is