What if Trump does what he’s saying he’ll do?

You're not taking into account the fact that fentanyl is being laced into so many other products and people are unwittingly consuming it.

Isn't it unusual how guns only kill a fraction annually of those who are dying of fentanyl poisoning and Democrats think guns are public enemy number One but when it comes to the three or four maybe even five times the number of people killed annually.... Democrats blame the victim instead of the mechanical object or the drug.

 

This actually goes back to the Reagan years, with the "Trickle-Down" theory. There is another political ideology that started in 1978, and continues to this day - "The Two Santa Claus Theory". Here's a pretty good explanation.

https://www.salon.com/2018/02/12/th...c-to-con-america-for-nearly-40-years_partner/

Here’s how it works, laid it out in simple summary:

First, when Republicans control the federal government, and particularly the White House, spend money like a drunken sailor and run up the US debt as far and as fast as possible. This produces three results – it stimulates the economy thus making people think that the GOP can produce a good economy, it raises the debt dramatically, and it makes people think that Republicans are the “tax-cut Santa Claus.”

Second, when a Democrat is in the White House, scream about the national debt as loudly and frantically as possible, freaking out about how “our children will have to pay for it!” and “we have to cut spending to solve the crisis!” This will force the Democrats in power to cut their own social safety net programs, thus shooting their welfare-of-the-American-people Santa Claus.

Indeed - Trump ran up the debt like crazy, and cut taxes. Biden talks about the debt, and his debt will be less than Trump's despite the accrued interest, but he's not biting on the "cut the safety net programs".

There is only one way to get out of this rut - the two Parties MUST work together.

 

See post 148. And there is a lot more proof if you need it.

Many of those addicted became addicted via pain medications. Most of those addicted are low income minorities. Are they responsible for fentanyl overdosing resulting from the mixing of fentanyl in other drugs by the Chinese Communist Party and the Mexican Drug cartels to save money?

 

Isn't it curious that progressives blame society for the low incomes of minorities but then blame the same minorities for their addictions. They will transfer billions of dollars to low income minorities but will do nothing to stop the smuggling of drugs laced with fentanyl and will spend next to nothing on drug rehabilitation programs. Instead they allow the drug addicted to sleep on the streets and steal as much as they can to support their addictions. It's bizarro world.

 

Deficits aren't due to high taxes on the rich.

Oh, WAIT. You said they cut taxes on the "rich". Can you tell me what percentage of the taxes collected each year come from the top 10% of income earners?

 

I will answer myself because this clamor for more taxes on the "rich" is just a drive toward socialism, and when countries do this they find that the rich no longer are rich because they have taken away their money and incentive to be rich by higher taxes, so they stop trying to get rich and stop hiring people and then taxes have to be raised on the larger groups which are the middle income earners. Here is proof that the "rich" pay too little in taxes. Being sarcastic with the "too little" comment.

In the United States, the **top 10 percent of wage earners** contribute significantly to the federal income tax revenue. In **2020**, their average tax rate stood at **20.3 percent**². Here's a summary of the tax data for that year:
- **Top 1%**: They paid an average tax rate of **26.0 percent** and accounted for **42.3 percent** of all federal income taxes.
- **Top 5%**: Their average tax rate was **22.4 percent**.
- **Top 10%**: They paid an average tax rate of **20.3 percent**.
- **Top 25%**: Their average tax rate was **17.1 percent**.
- **Top 50%**: They contributed **97.7 percent** of all federal individual income taxes.
- **Bottom 50%**: Their average tax rate was **3.1 percent**, and they paid the remaining **2.3 percent** of taxes¹.
In summary, the top 10 percent of earners bore responsibility for **76 percent** of all income taxes paid, and the top 25 percent paid **89 percent** of all income taxes³. The tax system remains progressive, with higher-income taxpayers paying higher average rates.

 

Here is the breakdown from 2021 - in 2021 the richest 1% paid 45.8% of income taxes, up from 33.2% in 2001.

https://www.wsj.com/articles/u-s-in...s1#:~:text=Start with the,the highest earners.

 

In a speech before the United Nations Trump bragged about cutting taxes while raising military spending.

 

The overall tax system is mildly progressive.

 

Source? What is included in the Federal, State, and local taxes?

Federal tax policy has nothing to do with State and Local taxes.

 

Its about twice as many, not five times and people do freely choose to take the risk of OD, while no one chooses to be shot other than suicides. And its not just Democrats who know this, but pretty much everyone.

 

Sure, the more they have the more they pay dollar-wise. So, they have much more money now than before, - and that's a problem because......?

 

Taxes are taxes. The over all tax system is mildly progressive. The rich are not the only people who pay taxes. What they have after they have paid their taxes is much more than what most people have.

---------

Forbes
How Income Inequality Is Damaging the U.S.
Frederick E. Allen
New research indicates that growing income inequality isn't just unpleasant; it is seriously hurting the U.S. economy. And economists are figuring out just how the damage is done, according to a fascinating new article by the journalist Jonathan Rauch in National Journal. This challenges a long-standing consensus that, as Rauch puts it, "inequality is the price America pays for a dynamic, efficient economy. . . . As long as the bottom and the middle are moving up, there is no reason to mind if the top is moving up faster."

He begins by pointing out that we have learned in recent years that a rising tide does not necessarily lift all ships. The Congressional Budget Office recently reported that between 1979 and 2007 the top 1% of households doubled their share of pretax income while the share of the bottom 80% fell. Then came the great recession. Economists including David Moss of the Harvard Business School noticed that "the last time inequality rose to its current heights was in the late 1920s, just before a financial meltdown. . . . In 2010, Moss plotted inequality and bank failures since 1864 on the same graph; he found an eerily close fit."



https://www.forbes.com/sites/freder...equality-is-damaging-the-u-s/?sh=3935ef663d9b

 

The more income they make the more tax they pay. Which is exactly shat progressives want.

 

Income and wealth are earned. There is not a fixed amount of income or wealth creation. The more income and wealth creation the better for society. This is the same bogus argument that progressives have been repeating for decades. The important figure of merit is the rate of increase in the standard of living.

 

I dont think you got the point. 15% of a million is a heck of a lot more dollar-wise than 15% of $40K

 

That's exactly the point. The more income the more tax revenue.

 

So, where's the beef? I'm all for fair taxation, but if you make a million bucks a year, you're still left with a ton of money after you pay your taxes, but not so much for someone making $40K. Having said that, we have almost 50% of Americans who dont pay any taxes at all, and yet sped 80% of their income on rent or mortgage.

 

Who is paying 15% on $40K.

 

Trump has bragged about his plan to add a 10% sales tax to everything imported, to cover the tariff costs.

I take it every Trump supporter here backs that additional 10% sale tax, right?

 

Nonsense. 65% of the deaths are white people. Among young people, that's a higher percentage than the percentage of whites in the population.

And so craters another one of your conspiracy theories. Or maybe we can adjust it. Why are white people helping China attack the USA?

https://www.kff.org/other/state-indicator/opioid-overdose-deaths-by-raceethnicity/?currentTimeframe=0&sortModel={"colId":"Location","sort":"asc"}

 

Yes, but a higher percentage of opioid overdose deaths come from the combination of blacks and Hispanics. And most of these are from low income quintiles.

Your data is from 2021.

What conspiracy theory? The Chinese Communist Party is manufacturing fentanyl in Mexico which is killing US citizens. That is the truth. And it is a conspiracy of the Chinese Communist Party to do damage to the United States.

 

What plan is that?

 

In the 1950s through the 1970s, the top tier tax rate was always over 70%, and our deficit and debt remained under control. The US needs to return to those rates, along with cutting spending, until the deficit is positive and the debt starts decreasing. Then tax cuts can be instituted.

Republicans cut taxes, but didn't cut spending. Both of those are opposite to fiscal responsibility at this time.

 

Those rates were a disaster. Lowering them increased tax revenues.

Reagan cut rates. Revenues went up. The economy grew at ver high rates. Clinton enjoyed the peace dividend which was part of his budget surpluses. Clinton did cut capital gains rates which led to a huge increase in capital gains tax revenues. Approximately 25% of his total surplus was from the increase in capital gains tax revenue.