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Post by missouriboy on Oct 30, 2024 14:34:51 GMT
Consider.
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Post by ratty on Oct 30, 2024 23:47:24 GMT
1hr 45m! Can we have a forty word summary?  |
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Post by missouriboy on Oct 31, 2024 13:23:56 GMT
Who would have thought that professional number crunchers would manipulate the data with intent to defraud? |
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Post by missouriboy on Nov 2, 2024 13:23:47 GMT
Trump has suggested that the income tax be eliminated and replaced by tariffs. Elon has suggested a two trillion dollar cut in the budget. THAT is the entire 2023 deficit. Climate change will disappear for lack of funding.
Paradigms Change
2023 United States federal budget
US budget from 1 October 2022 to 30 September 2023
The United States federal budget for fiscal year 2023 ran from October 1, 2022, to September 30, 2023. The government was initially funded through a series of three temporary continuing resolutions. The final funding package was passed as an omnibus spending bill, the Consolidated Appropriations Act, 2023. Wikipedia
Total revenue $4.439 trillion (actual) 16.5% of GDP
Total expenditures $6.134 trillion (actual) 22.8% of GDP
Deficit $1.695 trillion (actual), 6.3% of GDP
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Post by glennkoks on Nov 3, 2024 23:07:37 GMT
Long hailed as a business friendly low tax rate environment Texas is quickly changing. We may not have a state income tax but property taxes here have gone up so much over the last two decades we are now 7th on the list when it comes to effective tax rates in the nation.
In my opinion Trump is full of shit when it comes to eliminating taxes ad replacing them with tariffs. We tried that with Smoot-Hawley in the 1930's. The free market does not work that way. Competition is a good thing, you find a way to compete or you get run over. The end result is a cheaper product for the consumer. The consumer has more money left in his pocket to spend on other things and the economy thrives.
The difference between first and third world nations is how much money families have left over after the necessities. Tariffs drive up the cost of everything for everyone...
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Post by nonentropic on Nov 4, 2024 2:53:15 GMT
I agree with what you are saying Glen. Ultimately on average the tax you pay equals what the Govt. spends deficits are just delayed taxs and surpluses are for bad times to help out. The gains from trade theorem is as valid today as ever, when it comes to tariffs they should be imposed to counter balance subsidies by others. Trump has a shot with Musk and Kennedy to reshape the cost of the Government sector and the diet and health system in the US. The cost of healthcare in the US is 17% 0f GDP in NZ its 10% in Singapore its 6%. Imagine if the US could be as bad as NZ but not as good as Singapore with an excellent healthcare system. 7% of GDP is how much?  It would frighten you. |
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Post by missouriboy on Nov 4, 2024 22:53:17 GMT
There may be something of a problem when government spending accounts for nearly? a 100 percent of GDP. We may be essentially screwed if we cannot / will not eliminate the "non-productive" - unfunded portions of federal and local government spending. I have lost my link to the chart(s) comparing government spending to the Federal Budget. Amazingly close relationship. The ship of state is full of holes and is leaking like a sieve.
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Post by missouriboy on Nov 4, 2024 23:02:29 GMT
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It would frighten you.