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- cross-posted to:
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Because the Republican Party is still sucking Reagan’s dick. The thought process is if we eliminate all taxes for businesses they will be so grateful they will pay workers more and reduce prices which in turn will stimulate the economy because Americans will spend more because everything is so cheap.
Your average American is so gullible they still believe this bullshit to this day.
I think it all boils down to elasticity - conservatives seem unaware that it even exists. So they think that every dollar a business pays in taxes/wages will go towards higher prices, and every dollar of UBI will go towards higher rents. When leftists say “profit”, conservatives hear “revenue”.
And when you try to educate them about it, they pivot to an argument against basic econ 101.
The PPP program forgave more than 700 billion in loans. But the $50k I took to become a fucking teacher, well by George I better pay up.
The PPP program tried to hand me a forgivable “loan” of $250,000 for a company that had only ever had a total of 4 employees, that I had shut down 2 years previously. I seriously considered taking the money…
It’s funny because we’d actually be giving ourselves the handout because we actually pay taxes.
But Rich people and corporations have more money, so that means they’re paying more taxes? Right? Right? No don’t look at their returns, just trust them.
Really the problem is that everyone wonders how to pay for a stimulus to poor people, and worry about it causing inflation.
But stimulus to rich people “pays for itself.”
The exact opposite of the truth
Easy: the latter has a lobby, the former doesn’t.
Next questionWhy is the general public so vulnerable to disinformation when it’s so easy to look things up?
Why look something up when you already know the answer? So long as you make the average person confident enough in their own ability to discern the truth - which isn’t hard, given most people’s desire to feel smart - you can get them to accept an enormous amount of misinformation at face value.
$7.25/hr, kids, 2-3 jobs, no healthcare, FB reshares are convincing
Mainly because people in general aren’t into looking things up, and in the modern era of the Web of Lies it’s not always obvious to everyone what is factual information.
Humans are NOT inherently rational creatures, we have to LEARN and PRACTICE how to be rational and curb our instincts in order for it to be effective. This takes discipline and self-examination.
FEW people live a self-examined life, vanishingly few.
Most people are rather content to go on believing what they’ve always believed and what their families raise them to believe, and are very unpleasant when what they believe is exposed as bullshit.
Easy: the latter has a
lobbybought and captured government, the former doesn’t. Next questionIt’s kind of the same thing, but not entirely.
They consider money inherently theirs and not yours. Entitlement.
I was told that “entitlement spending” was Social Security and Medicare.
Two words: trickle down economy.
You sure about that?
I do feel a trickle, yes.
1 word: Ronald Reagan pissed all over our economy and we have done nothing to reverse it
Ah, a fellow German speaker, I see.
110%
150%
Because students don’t pay lobbies to bribe politician. I thought this is a well known fact about the politics.
Because one is stimulating the economy and the other one is just more money in the pocket of the billionaires.
Had me in the first half
It is a stimulus. It stimulates the trickle-down part of “trickle-down economics.”
You should feel it hit your forehead any minute now… keep your mouth closed.
“I’d like to give them some fucking stimulus.”
You’re talking about changing real people’s lives. Giving entire generations back the wealth stolen from them.
Sorry can’t help you. We need to focus on the “economy.” Whats that you say, the economy is held up by college educated working class people? No, no, wrong economy. We need to help the “economy” cough wealthy bankers cough because they
give me…have…control… uhh distribute? all the money.Whenever you hear that “the economy” is doing good/bad, “the economy” just means rich people’s yacht money.
Because the people aren’t unified and setting enough billionaire properties on fire.
Because of class warfare, plain and simple.
According to the owner class a single mother getting food stamps is a drain on the economy whereas corporate welfare is considered 'a sound investment in our nation’s future.
Student debt forgiveness would result in spending money in wide range of area of the economy in turn inflation happens. The other side will be spent on feeding their cocaine addiction, it will be spent but only on a narrow area of the economy in turn little to no inflation.
Sorry kid, you can’t get your car repaired this month and it’s another week of beans and rice. If you had any more money, we’d suffer from Inflation! Now think on that, because I’m taking the private jet to my vacation home for champagne brunch, which are necessary business costs that grow the economy.
Vacation home in Italy* business costs that grow the italian* economy.
Not railing against Italy necessarily.
You’re not wrong.
Inflation happens when too much cash is chasing too few goods/services.
That probably won’t happen immediately, because student loan holders will probably spend on pretty simple and fairly elastic stuff like food, transportation, entertainment, etc.
But that money eventually ends up in the pockets of wealthier individuals who will compete more ruthlessly over luxuries, vacations, properties, assets, etc.
If you add $1.9tn to the economy, you better have a good idea of where that money will end up long-term, and have a plan to prevent it from pooling in one spot.
So I’d say any plan to eliminate $1.9tn in working class debt should probably come with a plan to increase taxes on the owner class who will ultimately suck up most of that $1.9tn.
