Quote:
Originally Posted by raradevils
Own it (have no mortgage) and it's not going to drop 70% in value. If that happens my tax burden will be reduced anyhow.
What happens if the economy stays above 3% gdp for the next 2-4 years?
If the economy stays above 3% for the next 2-4 years it won't have had much of anything to do with these tax cuts. Most likely it will be because the economy is already rapidly expanding without them.
Pushing tax cuts into a market that is already doing well and then claiming the tax cuts caused the market is more than a little dishonest.
We (as a society) need to have a conversation about how much the government spends and on what... But changing the tax code to further favor the rich at a time when inequality is probably our single biggest economic problem is obviously lolwtfstupid.
Repeat after me "Giving cash to people with a marginal propensity to save north of 80% at a time when global capital supply is brutally oversupplied is not stimulative". Nothing about that statement is anything but 100% factual. It's not ideological, it's factual.
Conservatives need to be arguing for smaller government spending and they need to be specific. The stuff they specify needs to actually be terrible for the country, not merely stuff they don't like. Government programs with good results need to get bigger and government programs with bad results need to disappear altogether and have their funding used to pay down the national debt.
It is not conservative to massively increase the national debt to give people richer than me a big tax cut. I don't need a tax cut either. I want the economy to grow so my business can keep expanding like crazy. 5% in marginal tax rate isn't going to make any difference in my strategy whatsoever.