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Biden’s Farewell Thanksgiving Message: A Heartfelt Tribute to Gratitude and Perseverance
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113
The US Debt Problem
Hauser’s Law is often cited in debates about taxation, but it's frequently misunderstood or misapplied. BINGO 😄 Here's a breakdown of why it's insufficient to argue against raising taxes on the rich to boost prosperity: 1. It’s Descriptive, Not Prescriptive Hauser’s Law is an observation, not an economic law like gravity. It doesn’t prove why tax revenue remains stable—it just notes that it has. Using it to argue that tax policy changes are futile is a leap in logic. 2. Revenue Stability Can Be a Result of Other Factors The percentage of GDP collected in taxes may stay the same for many reasons, like: Tax loopholes Shifting income categories (e.g., from wages to capital gains) Tax avoidance or evasion by the wealthy Changes in economic behavior due to tax rates So if revenue as a share of GDP stays constant despite tax changes, that might signal a broken system, not that tax policy doesn’t matter. 3. Hauser’s Law Doesn’t Address Distribution Even if total revenue as a percent of GDP stays steady, how that money is collected matters a lot. Shifting more of the burden onto the wealthy can: Reduce inequality Increase effective demand (since lower- and middle-income people spend more of their income) Fund public services and infrastructure, which support long-term prosperity 4. It Ignores State and Local Taxes Hauser’s Law only looks at federal revenue. But many tax policy decisions happen at state and local levels, where the impact of progressive taxation can be more pronounced and meaningful. 5. GDP Isn’t a Perfect Benchmark Linking revenue to GDP alone ignores broader impacts like: Wealth accumulation at the top Underinvestment in education, health, and infrastructure Long-term fiscal sustainability I RECOMMEND YOU LEARN HOW TO USE CHATGPT SO YOU DON'T LOOK SO GULLIBLE TO FAKE GOP TALKING POINTS Let me know if you need any help setting up ChatGPT. 👋 -
113
The US Debt Problem
So you are saying Democrat Presidents never had a majority in Congress? -
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Trump has discussed firing Fed's Powell with Warsh, eyed as possible successor, WSJ says
The word normal does not exist in any sphere of existence within your world. -
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Ten-Wheel Truck with Brake Failure Crashes With Songthaew – Nine Injured
Picture from responders. A road crash occurred on the morning of 18 April, in Rayong province when a ten-wheeled truck reportedly suffered brake failure and crashed with a white Isuzu songthaew, injuring nine people. The incident took place at approximately 09:00, at the Tamnan Pa intersection on Sukhumvit Road in the Pae Subdistrict of Mueang Rayong District. Upon arrival, police from Pae Police Station discovered both vehicles damaged, the ten-wheeler had sustained damage to its side, while the front of the songthaew was damaged from the force of the collision. Rescue personnel and paramedics were quickly on the scene, administering first aid to the nine injured individuals, eight passengers and the driver of the songthaew, before transporting them to Rayong Hospital. According to Mr. Tiwa, 61, the songthaew driver, he was travelling the regular Kleng Pier–Rayong route with eight passengers onboard. As he approached the intersection, the ten-wheeler suddenly surged out from the side road at speed, leaving him no time to brake. The collision caused his vehicle to veer off course before he managed to bring it to a halt. “Luckily, there was no vehicle directly behind us. It could have been much worse,” he said. The truck driver, who was unharmed, told police that his brakes had malfunctioned despite having recently undergone repairs. He claimed he was unable to stop in time as the vehicle sped forward uncontrollably into the intersection. CCTV footage from the area confirmed the truck’s abrupt and unbraked entry into the intersection. Police have collected the footage as evidence and took the truck driver into custody for further questioning. Legal proceedings are expected to follow as the investigation continues. -- 2025-04-19 -
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Drunk Tourist Turns Pattaya Street into Vehicular Mayhem
Well not every driver but pretty much every one using the road where they are set up. Some years ago my Mrs would pick me up after I had been out, and she was very frequently stopped. A few words with the policeman and they let her go, but many others were being asked to blow into the bag.... In the last couple of years it is as if the traffic police have just given up, and one can see the deterioration. -
113
The US Debt Problem
Sesame street can help you clear up your confusion about how tax laws are passed. Hint: Democrat Presidents can't pass laws. Hope this helps!
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