[QUOTE=Luciom;58564454]The idea that tax cuts increase prices must be one of the most stupid things I have ever heard about macroeconomics.

Ofc they can if you tax cut with deficit,/QUOTE]

[QUOTE=davmcg;58566006] it's not tax cuts, it's the deficit which is always inflationary. And among all deficit expenses, tax cutting is one of the less inflationaries as explained for obvious reasons

The discussion is about trump policies and even before covid, his tax cuts caused an increase in the deficit. So why should the second time be any different?

We may never know and we may find out. We know Biden will increase the deficit for sure . With Defense, entitlements and debt service running a surplus is next to impossible

Tax Cuts Don't Lead to Economic Growth, a New 65-Year Study Finds

Source: https://www.theatlantic.com/business...-finds/262438/

Every tax is different and every moment in time is different and every country is different.

Hard to claim Ireland would have the same economic growth with France level taxation (actually impossible: we are absolutely certain it wouldn't) for example.

Easy to claim that raising federal income taxes in the USA right now by say 3% in each bracket could not have disastrous effect, or cutting 3% from today levels could not bring about more growth in the next 10 years.

But that wasn't the claim at all, the claim was that tax cuts are inflationary lol and they aren't when coupled with same size expense cuts they are actually always deflationary

Because eventual tax cuts are decided by CONGRESS not POTUS and if Trump wins it's a very different congress that the 2016-2018 one

As if a Republican congress wouldn’t vote in the same direction as a Republican president and vice versa ?
Btw president can veto it right ?
To say presidents have no influence on the budget is a cop-out …

Regardless I have no idea what the fuss is all about tax cut .
Tax cut are inflationary and tax hike are deflationary .
And those inflation/deflation reactions will depends on whose benefited/drawback from those tax cuts/hikes.
Rich people will impact financial assets (S&P index, etc) while middle class and lower will impact the real economy (CPI index) .

lol Jesus tax hikes are deflationary only if you tax and use that money to pay down the debtz if you tax to spend more they are inflationary, because what you are taxing wasn't 100% bring consumed, especially if you increase taxes on the rich.

asset price changes aren't inflation/deflation, please read some economics 101.

example for housing: if rent stays the same and house prices double that's 0% inflationary. same if rent stays the same and house prices halve

The government isn’t the sole creator of inflation/deflation ….
If you get money out of my pocket it surely will be hard for me to create inflation unless I borrow.
Furthermore you know how much debt Japan for example created massive amount of debt and money and still it’s wasn’t inflationary for decades ?


Again , It’s ok if you think inflation /deflation is solely a cpi thing …
It’s wrong but it’s ok.
Inflation is far more complicated then looking at cpi .


Your housing example makes no sense.


Ps: there is a reason its called 101 economic , because its the base but there is higher level of understanding.
there is a reason most economic professor aren’t millionaire and billionaires but money managers are ….
But from a « libertarian » pov like you ( dubious libertarian but w.e), your stance isn’t surprising .

https://realinvestmentadvice.com/whe...-asset-prices/

FWIW when the cost of money go down , asset prices inflates because the currency goes down in value .
That’s Inflation and it doesn’t take rocket science to understand.
So it’s not because asset price isn’t represented in the cpi and gdp growth that they don’t exist and inflation isn’t represented by them .
It’s the same concept of believing gdp grows so the economy going well because we never include the government deficit in the gdp calculation ….

Trump really does appeal to a to a Venn diagram of overlapping circles who are both cruel and ****ing idiots

One of his former aides does a tiktok video bragging about how he gives homeless people counterfeit 5s so they get arrested if they try to use it (cruel)

It’s also a crime punishable by fines and/or prison to knowingly pass off counterfeit money (****ing idiot)

which I could handle except there's a ****ing lot of them and maybe enough to vote him in again

Here's a fun one - Three Bob Night: Two more Bob Fergusons running for WA governor

well the statute says similar, these are identical which isn't the same as similar...

Trump is so obviously guilty isn't he?

In every case, really.

In this case there is no doubt he paid her and it was improperly reported on financial statements. The question is whether that was a crime or not. My understanding is that in NY the financial reporting needs to be in the furtherance of another crime NY crime. That's what needs to be proved here. I don't know much, but it seems kind of shaky. We'll see if the state can prove that.

There's nothing shaky about it, he very clearly falsified business records to hide the illegal use of campaign funds. The DA isn't going to go after a presidential candidate without being extremely sure of their case.

yes the other crime purportedly would be election interference which is quite absurd, it isn't election interference to try to keep some private event a secret

The use wasn't illegal , the campaign can pay people to sign an NDA that the campaign thinks benefits the candidate.

They falsified business records for the payment to be unknown to people reading the business record, to keep the event as secret as possible

Isn't it election interference? And I thought it was personal funds.

I also don't understand how he can be convicted for a crime that requires other crime(s) to be a crime, without having been convicted of the other crime(s)

I've got a bridge to sell you if you believe he was paying her off with his own money.

This case is going to confuse you in many ways, but the long and short of it is you can't use campaign funds on hush money to porn stars without disclosing it to the FEC.

This isn't a violation of federal laws rather of NYS laws, so the FEC can't surely be part of the picture at all

Again, NY state is charging him with falsifying business records. I think Bragg and the feds are handling the federal charges.