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797. Re: Morning Metaverse Oct 31, 2013, 17:17 RollinThundr
Beamer wrote on Oct 31, 2013, 17:08:
RollinThundr wrote on Oct 31, 2013, 17:02:
Beamer wrote on Oct 31, 2013, 16:59:
RollinThundr wrote on Oct 31, 2013, 16:55:
Beamer wrote on Oct 31, 2013, 16:50:
Mad Max RW wrote on Oct 31, 2013, 16:40:
Beamer wrote on Oct 31, 2013, 16:35:
Mad Max RW wrote on Oct 31, 2013, 16:13:
Shhhh. Don't tell Beamer the feds collected a record $2.77 trillion in tax revenue this year.

Do you understand how that's a meaningless data point?
1) What is it if you adjust for inflation? Here's a hint: it's on par with 12 years ago
2) What is it as a portion of the total US income?

Throwing out a number in a vacuum and comparing it to past years is utterly ridiculous

Read and dismiss the facts yourself.

Revenue jumped 15.2 percent to $301.4 billion in September from a year earlier, bringing the annual figure to $2.77 trillion, today’s report showed. Spending increased 21.5 percent to $226.4 billion last month, contributing to a 12-month total of $3.45 trillion, it showed.

What from that link had anything to do with anything?
You posted a meaningless data point. We took in more taxes. But we made more money. Doesn't that make sense?

Conveniently left out the we spent more part too.

That isn't what we were discussing, is it?

Of course not, how could spending ever have an effect on the economy, silly me, I forgot, liberal logic.

Honestly, I may have missed why he brought it up, I didn't see any mention of spending prior.

But, as I keep saying, my interest in taxes isn't in allowing our government to spend more, it's in encouraging our super wealthy to pay their employees more. Therefore I want taxes higher. I do not want the government spending all those taxes stupidly, I just do not want the wealthy having incentive to cut jobs and send them overseas. Spending is an entirely different discussion. As it always should be - when discussing problems, discussing each variable separately makes more sense than discussing them together, because they aren't necessarily related. We can tax as much as we want, or we can spend as much as we want, those aren't inherently tied together.

You always think I want the government spending tons and tons of money. I don't really care. I don't think that has a big impact on our economy. People spending money has a big impact. I've asked you, in the past, to explain how a government deficit impacts our economy. You've repeatedly said something like "use your head!" but never answered.
Pretend I'm a 5 year old and tell me why a deficit is holding our economy back. I'll do the same and explain to you why our rapidly rising wealth inequality (on par with most African warlords, truthfully) is totally flushing us.

So I had thought he brought it up as an example that our taxes are already quite high. In reality, they're about as low as they've been in over 100 years.

So let me get this right before I have another hearty chuckle, you think by raising taxes more (keeping in mind you could raise taxes on the 1% 100% and it would do zero to reduce the deficit) to entice them to pay more?

If they're not paying people enough now do you honestly. And please, for once be honest, think raising taxes is going to make them increase their payrolls?

We don't have a tax problem, we have a spending problem.

Edit: to answer your question, it doesn't build very much consumer confidence in regards to any sort of spending when your government is 18 fucking trillion in debt with no end in sight.

This comment was edited on Oct 31, 2013, 17:27.
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