Comment on Affluent Americans are driving US economy and likely delaying need for Fed rate cuts - KESQ
BobaFuttbucker@reddthat.com 5 months agoI focus on the ones that make sense and ignore the others.
They all make sense, some just make you uncomfortable.
we have a spending problem in this country.
I somewhat agree, but it’s not as simple as just that.
the democrat gave tricked to think it’s a taxing issue.
Can you please retype this so it makes better sense so I can respond? Or at least understand?
we could take all the billionaires money and we’d still not cover our spending for a year.
Have we reached the point in the Democrat President’s term where Conservatives remember that the national debt is a thing? How much did the last guy contribute to that vs the current guy?
wintermute_oregon@lemm.ee 5 months ago
The Democrats tricked you into thinking it’s a taxing issue.
BobaFuttbucker@reddthat.com 5 months ago
Doubt it. I’m skeptical of what the Democrats say as well. Although I have historically aligned with them more than Republicans, they are not our friends either.
What do you mean specifically by “taxing issue”? It’s multi-faceted and TBH we’ve been only barely mentioning specifics in this thread without drilling down into the “why” so you’ll have to be more descriptive.
One thing I know Democrats haven’t tricked me on is how much each president has contributed to our country’s spending problem. The democrat president always seems to be the least awful at this.
wintermute_oregon@lemm.ee 5 months ago
This president has been one of the worst. The last president who really did a decent job with spending was Clinton. Otherwise, they have all spent more than they brought it.
The Democrats want you to believe if the top 5% paid more then all our problems would be solved. It wouldn’t. We spend too much as a country. The only way to tax our way our of it is everyone pays their fair share and stop expecting 5% to pay the bulk of the taxes. The top 5% pays the bulk of the taxes far larger than their income.
You can tax your way out of stupid spending.
BobaFuttbucker@reddthat.com 5 months ago
The current president also reduced the spending of the federal government from the level the previous administration had brought it to.
I’m happy with how the situation has improved over the last 3 years. It could have been better, but the downward spending trend is welcome.
Im more upset that he led bipartisan congressional action to end the rail worker strike for demanding safer conditions and fair wages, increased defense spending and completely punted the infrastructure issue.
It’s not just a spending problem. There are also problems with the tax code itself, loopholes the rich can use to reduce their tax contributions, military overspending, IRS audits not being done on the richest who are overestimating their debt and underestimate their assets, and so many other problems that are not specific to whatever president we currently have.
Fact is, we could do to reduce spending but even taxing the wealthiest just a little more and putting a stop to some of the techniques used to minimize their tax burden would itself be enough to meaningfully pay down the national debt, and probably fund other social benefits as well.