Silver Bullitt
Well-Known Member
- Joined
- Feb 26, 2018
- Threads
- 17
- Messages
- 2,359
- Reaction score
- 2,170
- Location
- Parkville, MO
- Vehicle(s)
- 2018 GT Coupe PP2
Just like with climate science, don't just show the data that supports your narrative, include it all for unbiased interpretation.It really is that hard as I'm the only one providing proof and data here while you still haven't posted any to back your clams. Labor participation is at record lows (you can change the year using the drop-down.) Underemployment is at an all-time high, but don't let those mess with your narrative.
That's great! I too am making great money in the markets, but let me fill you in on how this works as a country.
Our GDP growth rate has increased from near 2% to about 3% under trump. The U.S. total annual GDP was about 20 trillion when Trump took over. So we can say that total economic activity has increased by near 1% of 20 trillion, or 200 billion a year.
Now consider that the annual budget deficit has increased from 665 billion in 2017, mind you this was the last year with an Obama era budget, to 1.09 trillion in 2019. Much of it from the 'tax cuts' that everyone swore would pay for themselves. So effectively, you, me, our children and grandchildren are/will be paying almost 500 billion a year for this extra 200 billion a year economic activity, plus all the interest it'll accrue over the decades.
There's a lot more to go into here but I just do not care to explain everything to you.
Do some research, here, here, and here. Literally, my links above told you this as well. The same goes for the next statement you made.
No, you've already shown you care not about providing substantiated information, rather unsupported opinions. You literally did not even read the articles I posted above as they answered a few of your questions.
Sweet dude, let me know how that research goes.
I would agree that something needs to be done about spending, and that's one area I've been disappointed with Trump. But all you speak about is peanuts. Until someone has the stones to address entitlement spending, nothing's going to change.
You still didn't show these deductions that were eliminated for "middle class people in cities". The federal tax laws don't care where you live. Some of the links you provide discuss hypotheticals, one didn't work, and the other is a fair recap of the primary tax law changes. Many of the deductions referenced aren't even a thing for middle income taxpayers. And, unfortunately most people judge their taxes on the amount of their refund, not their overall true tax liability.
You keep trying though.
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