American Politics

[EihTooms]

Aside from the most basic characteristic of all Repub "tax / economic policy", it being the wrong thing to do at the wrong time, the doubling of the Estate Tax and Gift Tax giveaway to further the "Dynasty Building For The Wealthy" Repub agenda and the cover it provided before its 2026 sunset for all but Trump Crime Family-type "businesses" to pay for it by cutting resources essential to producing broad and wide-range economic expansion and job growth rather than typical Repub Trickle-Down nothingness, proved it to be just another costly Do Nothing, Know Nothing Repub regressive economic blunder.

BROOKINGS
A fixable mistake: The Tax Cuts and Jobs Act.
Sept. 25, 2019

https://www.brookings.edu/blog/up-fr...-and-jobs-act/

The Tax Cuts and Jobs Act of 2017 (TCJA, P. L. 115-97) was the largest tax overhaul since 1986. Rushed through Congress without adequate hearings and passed by a near-party-line vote, the law is a major legislative blunder badly in need of correction. The overall critique is simple: by providing large, regressive, deficit-financed tax cuts to an economy with low unemployment, rising long-term inequality, and high debt, the law was the wrong thing at the wrong time. It will take resources from future generations and from todays lower- and middle-income households to enrich todays well-to-do. It will take resources away from other badly needed social and economic priorities. The bill was so unpopular with the public that Republican members of Congress like Chris Collins and Lindsey Graham resorted to justifying their support by saying that their donors would cut off funding otherwise.

[EihTooms]

Just from looking at the changes in the tax tables after the 2017 Tax Cuts and Jobs Act (TCJA) I could tell the TCJA made our tax system more progressive -- see Tables 1 and 2, here:

https://taxfoundation.org/final-tax-...ails-analysis/

But Democrats could argue the tax tables alone don't take into account the effects of the Qualified Business Income deduction and some other changes to the tax code implemented by the TCJA, which preferentially benefitted higher income earners.

Well, Justin Haskins figured out a nifty way around this problem. He simply compared the percentage change in average federal income taxes paid by filers in various income groups before (2017) and after (2018) the TCJA. You can see the results in the last column in Table 1, on page 3, here:

https://heartland.org/wp-content/upl...cy%20Paper.pdf

The results are striking. Tax returns showing income in the range of $1 to $20,000 saw income taxes reduced by 27% to 88%. Those filers making from $20,000 to $100,000 paid 15% to 21% less tax. Taxpayers in the $100,000 to $500,000 brackets paid 11% to 13% less. And those making in excess of $500,000 paid only 3% to 9% less.

So when you hear someone say that the Republican tax cuts just helped the better off and didn't do jack for the workingman, realize he's full of it.

When you hear someone cite the effects of the Republican tax cuts on the lower and middle income margins a year after they were enacted without mentioning what everyone else knew about them, that they were cleverly crafted by the Republicans to sunset after 2-3 election cycles, realize he is full of it.

By the time those tax cuts had evaporated for the lower and middle income margins, Trump and his fellow Repubs had apparently planned to overthrow American democracy enough not to worry about losing anymore elections on the basis that their Jobs Creating and Economy Expansion record of results vs that of the Dems has been atrocious since the late 1920's.

[Xpartan]

This wasn't a discussion on the pros / cons of socialism. Rather it is me trying to demonstrate to Elvis that he hasnt a clue what socialism is.

Elvis doesn't have a clue about anything, but you did say that "open markets can function well under socialism. ".

Tiny was absolutely right debunking this notion with an unimpeachable fact that economically successful socialist states have never existed in the world history.

Thus, your statement is false. There is no proof that "open markets can function well under socialism. " This has never happened before.

NB. I hope you do realize (unlike Bernie Sanders) that neither Denmark nor Sweden are socialist countries. It's quite sad when an old man calls himself a "democratic socialist" with no clue of what socialism really is.

[JustTK]

Can you name a single socialist country in Europe or the Americas that prospered? I can't think of a single one. I can think of a number that are or were basket cases, including.

This wasn't a discussion on the pros / cons of socialism. Rather it is me trying to demonstrate to Elvis that he hasnt a clue what socialism is.

If you want a discussion on pros / cons, we can have it. But first please recheck before we start that you understand the difference between social democracy and democatic socialism.

[JustTK]

JustTK, I took the test and fall square in the middle of the bottom right quadrant, meaning socially liberal and economically to the "right". I believe only a few percent of Americans fall in the same quadrant. Most people want government to run other peoples' lives.

(I am bottom-left quadrant.).

Interesting how you feel about your fellow countrymen. It would be interesting to see some stats on this. My hunch would be that they are right wing and close to centre on liberal-authoritarian axis.

If you are correct, then that would speak volumes about your so-called democracy. Bcos then the government would not be representing the people's interests. How surprising is that! Hehe.

[JustTK]

JustTK's probably referring to the Americas, specifically Latin America.

Right. He didn't mention USA.

[Tiny 12]

Just from looking at the changes in the tax tables after the 2017 Tax Cuts and Jobs Act (TCJA) I could tell the TCJA made our tax system more progressive -- see Tables 1 and 2, here:

https://taxfoundation.org/final-tax-...ails-analysis/

But Democrats could argue the tax tables alone don't take into account the effects of the Qualified Business Income deduction and some other changes to the tax code implemented by the TCJA, which preferentially benefitted higher income earners.

Well, Justin Haskins figured out a nifty way around this problem. He simply compared the percentage change in average federal income taxes paid by filers in various income groups before (2017) and after (2018) the TCJA. You can see the results in the last column in Table 1, on page 3, here:

https://heartland.org/wp-content/upl...cy%20Paper.pdf

The results are striking. Tax returns showing income in the range of $1 to $20,000 saw income taxes reduced by 27% to 88%. Those filers making from $20,000 to $100,000 paid 15% to 21% less tax. Taxpayers in the $100,000 to $500,000 brackets paid 11% to 13% less. And those making in excess of $500,000 paid only 3% to 9% less.

So when you hear someone say that the Republican tax cuts just helped the better off and didn't do jack for the workingman, realize he's full of it.

[Tiny 12]

Have you ever taken the political compass test? Give it a go. It is pretty interesting, and also you will learn smthg - https://www.politicalcompass.org/test.

JustTK, I took the test and fall square in the middle of the bottom right quadrant, meaning socially liberal and economically to the "right". I believe only a few percent of Americans fall in the same quadrant. Most people want government to run other peoples' lives. They're all for picking peoples' pockets and / or legislating what they can do with their bodies. Just as you and I believe the USA government shouldn't dictate to other countries what they can do, so I believe the U.S. government shouldn't dictate to me what I can and can't do, without good reason.

Socialism is the worker ownership of the means of production. I have told you this before. Likewise you do not understand what capitalism private ownership of the means of production. Size of govt, rule of law, open markets these are irrelevant to what capitalism is. Open markets can function well under socialism. I explained this to you before. "regulatory efficiency" I dunno what this means.

"Capitalism rewards the hardest working and savviest" I could not disagree with any stronger. It most certainly does not. It rewards the wealthy and the most selfish and ruthless. That much is clear from fundamentals. And there are plenty of rewards for hard work under socialism too.

Can you name a single socialist country in Europe or the Americas that prospered? I can't think of a single one. I can think of a number that are or were basket cases, including.

The Soviet Union

Poland

Czechoslovakia

Hungary

Romania

Bulgaria

Yugoslavia

Venezuela

Cuba

Nicaragua

Bolivia

Again Elvis, you clearly need to do some research in to what socialism is You have bought in to the US govt propaganda lie that it is some murderous dictatorial plot to remove everyone's freedoms and happiness. And the examples you give are all of authoritarian social democracies (I. E. 'bad' capitalist countries). Try reading this for starters:

https://www.socialism101.com/basic

The section on "the right to food and water" is a hoot. How many people have died of starvation because of "worker ownership of the means of production"? Certainly tens of millions, maybe hundreds. Notable examples include famines in Cambodia (1979), the Ukrainian SSR (1932-1934), North Korea (1995-1999), The Soviet Union (1921-1922), and China (1958-1962). There are examples where collectivization of agriculture turned out badly, in countries that you wouldn't necessarily classify as "socialist. " Mexico and Zimbabwe come to mind.

[Tiny 12]

In USA just in one county by Las Vegas?

JustTK's probably referring to the Americas, specifically Latin America.

[LivingFossil]

Paid sex is legal in many parts of America. Just head to the south.

In USA just in one county by Las Vegas?

[JustTK]

If you are running for president I don't care what are your other issues if you support making it legal in America and unlocking Americas greatness then I will vote for you.
Traveling for sex outside of America sucks, but America is an amazing country!

Paid sex is legal in many parts of America. Just head to the south.

[LivingFossil]

If you are running for president I don't care what are your other issues if you support making it legal in America and unlocking Americas greatness then I will vote for you.

Who or when is this going to happen?

Traveling for sex outside of America sucks, but America is an amazing country!

[JustTK]

LOL. You think I do not know what socialism is? It is when government controls all resources and doles it out as it sees fit.

The hallmarks of capitalism are rule of law, private ownership, small but essential government, regulatory efficiency, and open markets. Capitalism facilitates growth but rewards the hardest working and savviest.

With socialist nations, they will turn to captialism when they need money. Both Russia and China did this, but the culture is what it is. Both went from rule of law and free elections to dictator for life who can change law at any whim. Venezuela did this with Chavez as well.

Saying Hitler was not socialist is hilarious. He was a dictator and took whatever he wanted and doled out resources as he wished. An interesting question for socialists is if you take away the racism and war mongering, what did the Nazis do that you objected to? The reality is very little.

Yeah, I am going to back off on that now. Peter Zeihan mentioned this about the USA navy and global trade.

Firstly, great to hear you have realized there is no hidden treasure in your pirate story.

Now, on to the more interesting and significant matter of your ignorance of socialism. It is very clear from your comments that you have no idea what socialism is. I am not surprised. It is intentional BS propaganda that you have bought in to from your leaders, deliberate misinformation designed so that you will hate the idea of socialism. It has been a deliberate USA policy since the 1940's and 50's.

Have you ever taken the political compass test? Give it a go. It is pretty interesting, and also you will learn smthg - https://www.politicalcompass.org/test.

A political position is a combination of 2 positions you have a position on the horiz axis and on the vert axis. Horiz is left / right views, vert axis is authoritarian / libertarian. Hence you will learn that authoritarianism has nothing to do with socialism. A govt can be equally authoritarian or libertarian both to the left and to the right. So your comments about dictatorships and socialism are just garbage. Have you never heard of anarcho-socialism? It's a form of socialism without any government control. Examples of right wing dictatorships : Nazi Germany, Fascist Italy, Estado Novo, Francoist Spain, various governments in Colombia, Chile, Brazil since WW2.

Socialism is the worker ownership of the means of production. I have told you this before. Likewise you do not understand what capitalism private ownership of the means of production. Size of govt, rule of law, open markets these are irrelevant to what capitalism is. Open markets can function well under socialism. I explained this to you before. "regulatory efficiency" I dunno what this means.

"Capitalism rewards the hardest working and savviest" I could not disagree with any stronger. It most certainly does not. It rewards the wealthy and the most selfish and ruthless. That much is clear from fundamentals. And there are plenty of rewards for hard work under socialism too.

Hitler I answered this in my prev comments. You clearly didn't read what I wrote. Hitler privatized several industries, murdered and incarcerated socialists. Nearly every action he took was UN-socialist. https://www.abc.net.au/religion/nazi...story/10214302.

Again Elvis, you clearly need to do some research in to what socialism is You have bought in to the US govt propaganda lie that it is some murderous dictatorial plot to remove everyone's freedoms and happiness. And the examples you give are all of authoritarian social democracies (I. E. 'bad' capitalist countries). Try reading this for starters:

https://www.socialism101.com/basic

[CheckMate1]

Yeah, you don't:

https://www.thoughtco.com/difference...cialism-195448#text=The%20 main%20 difference%20 is%20 that, by%20 a%20 democratically%2 Delected%20 government.

Thanks, JC.

[John Clayton]

LOL. You think I do not know what socialism is? ...

Yeah, you don't:

https://www.thoughtco.com/difference...cialism-195448#text=The%20 main%20 difference%20 is%20 that, by%20 a%20 democratically%2 Delected%20 government.