“Useless wall”

https://www.dhs.gov/news/2018/12/12/walls-work

Alright buddy

Just tell it to DHS

The fact that people think walls don’t work is hilarious.

@BaneOfThots You May be right trump will add a lot to the debt if he doesn’t cut spending now. He’s cut taxes and he’s growing the economy but he needs to cut spending

Other than that he’s doing good as a President

Border walls have proven to be massively successful in reducing illegal immigration. Israel, Hungary, Macedonia, Bulgaria, Austria, Greece, Spain, and Norway

And your democrat leaders who have walls around their very houses

@BaneOfThots Well I read the article about the Trump debt and I was shocked in the first paragraph, so let’s begin .

**”to 3.5 percent to 4 percent. These projections are above the 2-3 percent healthy growth rate. When growth is more than that, it creates inflation. Too much money chases too few good business projects. Irrational exuberance grips investors. They create a boom-bust cycle that ends in a recession. Trump’s Fiscal Year 2019 budget lowered annual growth rates down to between 2.4 percent and 2.9 percent annually.”**
What a load of horseshit. Growing an economy fast DOES NOT cause inflation. This was seen in Reagan’s economic growths of 7% where inflation was very low compared to the double digits it was in when he entered office( with low growth). What causes inflation is the regulations and taxation’s that pull up costs and then prices. What else causes inflation is the expansion of the money supply.

What it wrote about the boom and bust cycle was garbage. Boom and bust cycles are artificially created by the federal reserve which is central bank that manipulates interest rates by artificially lowering them to “boost growth”.Credit and monetary expansion leads to malinvestments in a boom which is inflationary and a bubble. After a while these investments seem unprofitable and are dropped and a bust occurs. The bust is necessary as the all the malinvestments that took place need to be liquidated.

**”Jobs Act. It cuts the corporate tax rate from 35 percent to 21 percent beginning in 2018. The top individual income tax rate drops to 37 percent. It doubles the standard deduction, and eliminates personal exemptions. The corporate cuts are permanent, while the individual changes expire at the end of 2025. But it won't stimulate the economy enough to make up for lost tax revenue.”**

That’s odd because Trump is reaching 3% annual growth this year and tax revenues have went up since the tax cuts.

**”According to the Laffer curve, tax cuts only do that when the rates were above 50 percent. It worked during the Reagan administration because the highest tax rate was 90 percent.”**

That’s wrong, the Laffer curve doesn’t have a defined point.

Marginal tax rates for the highest under Reagan were 70% before he cut them. Secondly inflation adjusted tax rates were around 20%. America had NEVER had a tax rate as high as 90%. Inflation adjusted the highest is 70% and the effective tax rate as the highest is 45%. Which is the highest it’s ever been for the top tax rate.

**”In addition, military spending must also be cut. Obama spent $770 billion in FY 2017. Instead of cutting, Trump added $40 billion. In FY 2019, he asked for an additional $20 billion, taking total military spending to $886 billion. “**
Why military spending, not social security or Medicare which takes up more of the budget? Unlike under Obama, Trump wants the military at tip top shape

In other words the article is complete propaganda and lies @Jack H.

Tax revenues have gone down as a % of GDP though

Irrelevant method to see

it’s because the gdp is growing fast

But still important

They went down during Obama too

not especially, all that matters is tax revenue is going up

yeah it’s not a good method to see

for example if the GDP grew fast. It would go down

But in reality the receipts have increased

But fast growing GDP increases tax revenue

true but only until a certain point, because revenues don’t always keep up

it’s misleading

But only if the new GDP is in a sector not taxed normally

The article also says Obama increased tax revenue which is true, but he also extended the tax cuts

which contradicts what they said about tax cuts

Nominal rev increased as recession ended

Gtg

ye

Cortez and Bernie are wrong when they say “if a 90% tax rate has been achieved, 70% will work”

shut up rednecks

The moment they raise it to 70% it’s done , economy will crash

shut up rednecks

But a 90% top tax rate has been achieved

shut up rednecks

especially @Colonel Sanders™

he told me he has sexual relations with his dog

Troll @w e e b

Someone needs to give you the libgay rank!