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"Foreign aid is taking money from the poor people of a rich country, and giving it to the rich people of a poor country." - Ron Paul
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More face masks for @oyarde
Pfizer Macht Frei!
Openly Straight Man, Danke, Awarded Top Rated Influencer. Community Standards Enforcer.
Quiz: Test Your "Income" Tax IQ!
Short Income Tax Video
The Income Tax Is An Excise, And Excise Taxes Are Privilege Taxes
The Federalist Papers, No. 15:
Except as to the rule of appointment, the United States have an indefinite discretion to make requisitions for men and money; but they have no authority to raise either by regulations extending to the individual citizens of America.
ya , no thanks , no masks here . As handsome as i am it could anger God to cover this face .
That's true although we're around the peak of the laffer curve so rate cuts aren't going to make much difference in tax revenue. Especially if the cuts are for the most productive.
But yeah, you have to cut spending, that's the bottom line. That's why Trump gets an F.
Steel-cased Pakistani military surplus from the '60s at that rate.
I always expected Trump to get an F on that front.
What's still TBD is how far the GOP is going to follow him down that path.
Traditionally, the party pretends to care about spending when out of power.
This, hypocrisy aside, is actually a useful thing.
It'll be interesting to see how they do that now.
I think I will save it in order to buy a Senators endorsement in case Rand runs for President again.
Are you talking about when the dems have the white house and the repubs have both houses?
If so I agree, and I think that's when spending has grown the least.
Peter Schiff has a good comment about this. He said the repubs lost as soon as they signed on to ANY stimulus because they're saying that some stimulus is good (it's not). If a trillion of stimulus is good why not 2 trillion? 3 trillion?
It was called a stimulus bill and maybe that was the intent of some or many.
But in actuality it was a disaster relief bill. The reason the bill made sense wasn't to boost demand or employment. Taking on debt in a crisis is a way to smooth out consumption. You pull from future economic growth so people don't have real hardships in the short term. There were people on this forum begging for money. There aren't enough charities to keep 20% of people afloat.
As always here is Bastiat, the originator of the idea that government spending doesn't work to boost demand.
https://www.econlib.org/library/Bast...=4#book-readerAs a temporary measure in a time of crisis, during a severe winter, this intervention on the part of the taxpayer could have good effects. It acts in the same way as insurance. It adds nothing to the number of jobs nor to total wages, but it takes labor and wages from ordinary times and doles them out, at a loss it is true, in difficult times.
As a permanent, general, systematic measure, it is nothing but a ruinous hoax, an impossibility, a contradiction, which makes a great show of the little work that it has stimulated, which is
what is seen, and conceals the much larger amount of work that it has precluded, which is
Last edited by Krugminator2; 12-29-2020 at 06:13 PM.
The Congressional GOP pretends to be fiscally conservative with a Democrat POTUS, yes.
Though, I don't know if that's going to happen this time.
It's a coin flip right now, IMO, whether they go ahead with Trump's giant free$#@! giveaway.
What happens when the Congressional GOP is faced with a Dem in the White House who they elected as a Republican?
...an unusual circumstance.
It's going to be $2000 now. The democrats successfully bribed Georgia voters with promises of $2000 stimulus.
Today, Im thinking a gun...
1776 > 1984
The FAILURE of the United States Government to operate and maintain an Honest Money System , which frees the ordinary man from the clutches of the money manipulators, is the single largest contributing factor to the World's current Economic Crisis.
The Elimination of Privacy is the Architecture of Genocide
Belief, Money, and Violence are the three ways all people are controlled
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