What These Wannabe Dem Presidents Plan For U$

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FHB
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Political What These Wannabe Dem Presidents Plan For U$

Unread post by FHB » May 10th, 2019, 10:15 am

From Hot Air. Worth a read:

What These Wannabe Dem Presidents Plan For U$

ANDREW MALCOLM Posted at 9:21 pm on May 9, 2019

Most policy proposals during party primary campaigns are essentially pipe dreams designed to attract the largest number of politically faithful voters who are also delightfully gullible.

This is a bipartisan tactic, which provides talking points to stress on the stump, to earnestly explain to us dummies listening to town halls and to argue over on televised debates.

Unless you’re Donald Trump promising tax cuts and to defeat ISIS.

Since Democrats for the moment are the only ones with seriously-contested primary campaigns, we can examine what some of them are hankering for in their preliminary policy plans.

You’ll never guess what most of them want. Of course, you can. They’re Democrats.

They want more taxes, a lot more taxes. They need to take tons of extra cash from Americans to pay for all the “free” stuff they’re also advocating, like free college, Medicare for every breathing person in the country and reparations for slavery.

But don’t worry, gullible primary voter, it won’t be more taxes on you because, like everyone in Mr. Rogers Neighborhood, you’re special.

It will instead be more taxes on – wait for it – evil rich people. You know, those “wealthy” Americans who drive a car, own a home or buy consumer products.

A lot of these money ideas will hit middle- and lower-income people. But perhaps they won’t notice the costs if they get sufficiently excited about all the “free” stuff.

So, let’s check a sampling of these plans, according to Bloomberg:

  • Slap a new tax on banks with more than $50 million in assets. Kamala Harris especially likes this one, which would bring in an estimated $61 billion. Banks are big and bad, unless you want or have home mortgage.

  • Increase by 88 percent the amount of income Americans must pay Social Security taxes on from the current $132,900 up to at least a quarter-million. Maybe more. Yeh, sure, some middle-class families will be caught in the cash net. But see, silly person who doesn’t understand how government works, they’re spending all the current Social Security tax income already. So, they need more for new programs, probably another $800+ billion.

  • People are making too much money from investments that can help create jobs. So, jack the capital gains by 50 percent to 30 percent. That might rake in more than $600 billion, assuming it doesn’t stop much investing.

  • And let’s cut into that mortgage interest tax deduction. Too many Americans are owning or buying homes and affording it. That’s worth a good $972 billion at least.

  • Here’s a good one: Hike the federal tax on a gallon of gasoline by “only” 10 cents, which is actually 65 percent. This should bring in another $170 billion. Sure, it hits regular working folks the hardest, but we all must make financial sacrifices for the greener good. Also, tell town halls the money will pay for infrastructure repairs. That’s a good line. Some Republicans might even go for it, unless they know Grover Norquist.

  • Oh, and index that enlarged gas tax to inflation so it’ll increase automatically forever and politicians won’t have to wait another 26 years for new revenues.

  • Finally – well, it’s not really final because there are many other tax ideas – let’s install a value-added tax. This will be a five percent levy on every step of any item’s production process. Europe loves them. Yes, yes, it would hike consumer prices considerably. But it would bring in – are you sitting down? – nearly $6.2 Trillion.


What’s not to like — in Democratic primaries?
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Unread post by capt.dan » May 10th, 2019, 11:05 am

Never fall for the temptation to leave fish to find fish. thumbs_up
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Unread post by slamer » May 23rd, 2019, 1:29 pm

The national debt surpassed $22 trillion for the first time in February a milestone that experts warned is further proof the country is on an unsustainable financial path that could jeopardize the economic security of every American.

The Treasury Department reported the debt hit $22.012 trillion, a jump of more than $30 billion in just this month.

The national debt has been rising at a faster rate following the passage of President Donald Trump’s $1.5 trillion tax-cut package a little more than a year ago and as the result of congressional efforts to increase spending on domestic and military programs. The nation has added more than $1 trillion in debt in the last 11 months alone. Looks like the republican party is dam good at blowing money without a way to pay for it . A vote for GOP OR DNC is a vote to further destroy our country.

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Unread post by sagbay » May 23rd, 2019, 5:23 pm

The truth hurts and when you been around the block a few times you learn and understand Democrats depend on naive, innocent, simple, inexperienced; unworldly gullible people of this country. banghead
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Unread post by dadeetwo » May 23rd, 2019, 11:15 pm

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Unread post by capt.dan » May 24th, 2019, 7:50 am

Watched a long segment on Fox News last night of them asking college students what the definition of both Socialism and Capitalism was. They didn't have a clue, but most thought it was time to try Socialism with all the free stuff. Like the stuff Venezuela is getting right now. i_thumbs_up
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Unread post by slamer » May 25th, 2019, 9:09 am

Why is it States that voted Democrat in 2016 generally rely less on federal funding than Republican states ?

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Unread post by sagbay » May 25th, 2019, 10:03 am

Federal aid is allocated to states for a variety of purposes, primarily to supplement state funding for programs or projects deemed to be of national interest. Some federal aid is awarded in the form of competitive grants, while other federal funding is allocated according to formulas established by law. Formula grants usually incorporate factors such as population size, poverty statistics, and state matching dollars for distributing federal aid among states. Competitive grants are awarded on a discretionary basis and are more likely to fluctuate from year to year.
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States that rely heavily on federal grants-in-aid tend to have sizable low-income populations and relatively lower tax revenues. States with relatively lower reliance on federal aid tend to collect more in taxes and have smaller low-income populations, although some exceptions exist. Notably, although North Dakota and Alaska impose relatively modest taxes on residents, both are resource-rich states that export much of their tax burdens through severance taxes, yet their reliance on federal aid differs greatly.
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Unread post by slamer » May 25th, 2019, 2:18 pm

In FY 2019 total US government spending on welfare — federal, state, and local — is “guesstimated” to be $1,118 billion, including $650 billion for Medicaid, and $467 billion in other welfare. Looks like a lot of welfare too.

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Unread post by sagbay » May 25th, 2019, 7:39 pm

In FY 2019 total US government spending on welfare — federal, state, and local — is “guesstimated” to be $1,118 billion, including $650 billion for Medicaid, and $467 billion in other welfare. Looks like a lot of welfare too.
Roughly half of welfare assistance went to families with children, most of which are led by single parents.
Here is a guesstimate for you "30 million illegals"
We Really Need To BUILD THE WALL
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Unread post by slamer » May 26th, 2019, 7:16 am

Ya build a wall with million dollar fines for any company that hires a illegal . I know some republican Blueberry farmers in muskegon that are rich from using illegals on there farm .Also I know of a foundry that has been busted a couple times for illegals . I worked concrete construction in Texas. Illegals were on every job site . No job No welfare and a quick ride to the border with a kick to the rear and let mexico deal with them.

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Unread post by sagbay » May 26th, 2019, 11:09 am

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