Understanding the Tax and Spend Big Government in Pictures

Discussion in 'Higher Learning' started by OfTheCross, Apr 9, 2021.

  1. OfTheCross

    OfTheCross Veteran

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  2. OfTheCross

    OfTheCross Veteran

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    :ohhh:

    So we take in $2.1T in taxes and give back $1.8T in tax credits

    Lol. Funny money.
     
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  3. Rhakim

    Rhakim Veteran Poster of the Year Supporter

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    Hmmm, from the Peter G. Peterson Foundation, eh? I wonder whose interests they're looking to serve?


    Also, it's extra funny to me that he signed the "Giving Pledge" to give away half his wealth to charity and then just gave that money to his own anti-government spending lobbying effort. :russ:
     
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  4. mastermind

    mastermind Rest In Power Kobe

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    Imagine quoting the Pete Peterson Foundation and thinking you’re on to something. :why:
     
    Last edited: Apr 9, 2021
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  5. FAH1223

    FAH1223 Go Wizards, Go Terps, Go Packers! Staff Member Hall of Fame

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    The U.S. government has operated with budget deficits for most of its history.

    Tax revenue as a percentage of GDP can easily go up if you tax the rich and close loopholes in the tax code for corporations

    And :russ: at quoting the Peterson Institute
     
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  6. mastermind

    mastermind Rest In Power Kobe

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    Don’t even have to go that deep, he is the author of the modern “the deficit is a threat to this nation,” movement.
     
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  7. OfTheCross

    OfTheCross Veteran

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    :russ:

    Why y'all worried so much about the source? The numbers are what they are.
     
  8. Pressure

    Pressure #PanthersPosse Supporter

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    Because of the conclusion you're attempting to draw. :lolbron:
     
  9. OfTheCross

    OfTheCross Veteran

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    :mjlol:

    Y'all have no idea what I'm thinking, breh.
     
  10. Pressure

    Pressure #PanthersPosse Supporter

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    We are more than familiar with the @DEAD7 I'm just trying to spark healthy debate routine and the it doesn't matter that I'm posting information from a conservative think tank because numbers routine.

    You've been running with it a lot since you've been on the podcast.

    You're getting the same responses he does. :manny:
     
  11. Pressure

    Pressure #PanthersPosse Supporter

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    :mjlol:
     
  12. OfTheCross

    OfTheCross Veteran

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    Why does it matter that it's from a conservative think tank? The information is valid.

    My questions regarding the OP is, what's the point of taxation if we're just going to give it away in credits?

    Why do we keep pretending that taxes, for instance, are needed to pay for the American Jobs Act?
     

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