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RSS JustIgnoreMe

Reward Points:3589
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10 most recent arguments.

I think you sufficiently argue against your own post. It is important not to ignore population increases, inflation, etc. For example, the purchasing power of the revenue received in 2018 was less than the 2017 revenue.

"revenues fell from 16.4 percent in 2018 to 16.3 percent in 2019, remaining below the average (17.4 percent) for the past 50 years."

First - a dictator supporting something is not an ipso facto case against it. Hitler was against smoking, and for mental and physical education - that is not a good case that smoking is good and education is bad.

Second - as FW points out, the Reich was as against abortion and contraceptives for couples they saw as "fit" as they were against those they thought of as "unfit" having children. Contraception and abortion were becoming more accepted in the pre-Nazi era, the Nazis reversed course and cracked down on those for healthy Aryans.

Yes. Because it would force them to define the in-group which would immediately exclude much of the membership. And, in looking for the genetic markers for racial superiority, they would find that they don't exist.

JustIgnoreMe(3589) Clarified
1 point

Would you like to offer an example tax cut that Republicans enacted which you think paid for itself?

JustIgnoreMe(3589) Clarified
1 point

"the smaller portion of the bigger pie is at least as big as the previous bigger portion of the smaller pie"

Yes - this is the basic theory.

I should have corrected: "tax cuts are necessarily a decreased percent of GDP" - a tax cut is a reduction in government revenue, not necessarily GDP.

"I don’t see how a tax cut is itself the definition of paying for itself"

The definition is a tax cut that results in greater future tax revenue.

"On the whole, were taxes cut or increased?"

On the whole, individual income revenue went from 8.2% of GDP to 8.3%, so it increased.

Corporate income taxes went from 1.5% to 1.0% of GDP - more than the total deficit to GDP decline of -.3%

"So how much of the 1.6 percent decline in revenue is is because of tax cuts?"

The reduction in real corporate income tax revenue (-$98.45B) was nearly double the total real decline (-$54.76B); this was paid for in part by a $63.64B real increase in individual income taxes.

"will this years increased revenue counter your position"

Revenue as a % of GDP is estimated to fall again in 2019 (from 16.5% to 16.1%)

JustIgnoreMe(3589) Clarified
1 point

Fair enough.

The important part is the "Fiscal Stimulus Bang for the Buck" table which shows some tax cuts/credits which can be stimulative:

Nonrefundable Lump-Sum Tax Rebate 1.01

Refundable Lump-Sum Tax Rebate 1.22

Payroll Tax Holiday 1.24

Job Tax Credit 1.30

Across-the-Board Tax Cut 1.02

Stimulative meaning that there is more than a $1 increase in GDP per $1 of cut/credit. For it to fully "pay for itself" from a tax revenue perspective, the cumulative revenue collected from the additional GDP (sales taxes, income taxes, excise taxes, etc.) would still need to exceed $1 - this will be exceedingly rare but possible, so I thought it should be mentioned for completeness.

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Winning Position: Obama
Winning Position: Trump hates low fed rates for Obama, demands them now.
Winning Position: Why is the debt under Trump rising so fast?
Winning Position: Unresolved

About Me

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Name: Jim 
Gender: Guy
Marital Status: Single
Political Party: Independent
Country: United States

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