Whats the Plan?

[BangkokReady]

4 hours ago, hotsun said:

Kamala would know exactly what to do 🤪

 

She always knows exactly what to say...  🤡

 

 

[impulse]

9 minutes ago, rough diamond said:

Which you had already taken off topic to discuss debt rather than the topic!

 

The national debt is absolutely related to trade imbalances.  And directly related to the OP, which is, "What's the plan?"

 

I don't refer to it as a tariff crisis.  It's an opportunity.

 

[placeholder]

2 minutes ago, impulse said:

 

The national debt is absolutely related to trade imbalances.  And directly related to the OP, which is, "What's the plan?"

 

I don't refer to it as a tariff crisis.  It's an opportunity.

 

Well, lowering the living standards of Americans is one way to start addressing the debt. I don't think that's how Trump is presenting his plan, though.

[Fat is a type of crazy]

Too many issues. Let's focus on tax revenue. Obvious but IRS need smart well paid  staff and state of the art IT systems - cuts  in an ad hoc manner will lead to less revenue, less confidence in the system, more tax evasion. Thanks DOGE.

Need smart legislation to cut loop holes - not seeing much of that. 

America is incredibly rich -the rich doing extremely well - talk of any tax rises brings out claims of marxism and socialism even if a few points on personal tax at the high end would raise significant revenue with minimal affect on the rich. 

 

On other topics the democrats have been a bit precious here and there such as immigration. Lets hope the courts can balance immigration law with fairness and the rights of all individuals affected. Because if left to Trump it ain't gonna happen. 

 

[ElwoodP]

Troll posts and a reply removed.

[simple1]

2 hours ago, Yagoda said:

Thats your plan?

 

OK which exec orders will you roll back?

No it's not my "plan", I'm not engaging with your BS. How about re-plying point by point to Walker88 to demonstrate your grasp of trump's edicts

[Lacessit]

1 hour ago, impulse said:

 

The national debt is absolutely related to trade imbalances.  And directly related to the OP, which is, "What's the plan?"

 

I don't refer to it as a tariff crisis.  It's an opportunity.

 

The national debt is caused by America printing more money than it makes by selling goods and services. Plus interest on the debt, of course.

 

Sensible countries tailor their products to the market. America tries to sell gas-guzzling behemoths to countries that have narrow roads and expensive fuel. It assumes everyone else wants to do what America does.

[Purdey]

Not a complete plan but a start: using taxation is not unusual when needed. Roosevelt raised taxes on the rich, with top marginal tax rates reaching 79% by 1936. Eisenhower - a conservative Republican if ever there was one - maintained a top marginal tax rate of 92% for the highest earners, a rate he inherited from the Truman administration. Yes, 92%.

Although Reagan is known for tax cuts, the highest marginal rate during his presidency was 70% in 1981, which he later reduced to 50% then 28%.

 

Guess when the national debt started to rise dramatically?

Why, in the 1980s of course. The increase was largely driven by substantial tax cuts and increased defense spending under President Reagan. By the end of Reagan's presidency in 1989, the national debt had grown to approximately $2.7 trillion.

 

So, raise taxes on the rich and cut defense spending are two ways to help the economy.

[Lacessit]

13 minutes ago, Purdey said:

Not a complete plan but a start: using taxation is not unusual when needed. Roosevelt raised taxes on the rich, with top marginal tax rates reaching 79% by 1936. Eisenhower - a conservative Republican if ever there was one - maintained a top marginal tax rate of 92% for the highest earners, a rate he inherited from the Truman administration. Yes, 92%.

Although Reagan is known for tax cuts, the highest marginal rate during his presidency was 70% in 1981, which he later reduced to 50% then 28%.

 

Guess when the national debt started to rise dramatically?

Why, in the 1980s of course. The increase was largely driven by substantial tax cuts and increased defense spending under President Reagan. By the end of Reagan's presidency in 1989, the national debt had grown to approximately $2.7 trillion.

 

So, raise taxes on the rich and cut defense spending are two ways to help the economy.

You are talking heresy, the right-wingers will be frothing at the mouth.

 

IMO taxing the rich, with assets they can take loans against, simply won't work.

 

A revenue tax of 1-2% would pay off the national debt quite rapidly.