pothead <pothead@snakebite.com> wrote in
news:v20tgc$f3ai$5@dont-email.me:

> On 2024-05-14, Yak <yak@inbox.com> wrote:
>> On 5/14/2024 5:04 PM, Baxter wrote:
>>> Skeeter <skeeterweed@photonmail.com> wrote in
>>> news:6643c6af$0$3711196$882e4bbb@reader.netnews.com:
>>>
>>>> In article <XnsB172867C8C708629555@185.151.15.160>, noemail@aol.com
>>>> says...
>>>>>
>>>>> Yak <yak@inbox.com> wrote in news:v1vv0t$6l2l$2@dont-email.me:
>>>>>
>>>>>> On 5/14/2024 11:02 AM, Baxter wrote:
>>>>>>> Yak <yak@inbox.com> wrote in news:v1vml7$5qr6$2@dont-email.me:
>>>>>>>
>>>>>>>> On 5/13/2024 6:52 PM, Baxter wrote:
>>>>>>>>> Skeeter <skeeterweed@photonmail.com> wrote in
>>>>>>>>> news:66428aac$0$2363145$882e4bbb@reader.netnews.com:
>>>>>>>>>
>>>>>>>>>> In article <6642836f$0$6559$882e4bbb@reader.netnews.com>,
>>>>>>>>>> "Charlie Glock"@localhost.com says...
>>>>>>>>>>>
>>>>>>>>>>> On 2024-05-13, Scout
>>>>>>>>>>> <me4guns@verizon.removeme.this2.nospam.net> wrote:
>>>>>>>>>>>>
>>>>>>>>>>>>
>>>>>>>>>>>> "Yak" <yak@inbox.com> wrote in message
>>>>>>>>>>>> news:v1o9ok$24n0i$1@dont-email.me...
>>>>>>>>>>>>> On 5/11/2024 8:05 AM, Scout wrote:
>>>>>>>>>>>>>>
>>>>>>>>>>>>>>
>>>>>>>>>>>>>> "Ford Prefect" <hhgttg@galaxy.com> wrote in message
>>>>>>>>>>>>>> news:v1m2r4$1hjhg$3@dont-email.me...
>>>>>>>>>>>>>>> On 5/10/2024 5:02 PM, spaminator wrote:
>>>>>>>>>>>>>>>> Ford Prefect <hhgttg@galaxy.com> wrote:
>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>> This one again?
>>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>>> Let's assume what the CBO says is correct (you can't
>>>>>>>>>>>>>>>>> because it doesn't
>>>>>>>>>>>>>>>>> account for the increased tax receipts that occur
>>>>>>>>>>>>>>>>> under tax cuts), the IRS would have collected $4.6
>>>>>>>>>>>>>>>>> billion per year (4.6B/year * 10 years = 4.6T).
>>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>> ROFL. Your arithmetic skills are broke. Back to 3rd
>>>>>>>>>>>>>>>> grade for you.
>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>> What's broke? Or were you educated at a public school?
>>>>>>>>>>>>>>
>>>>>>>>>>>>>> 4.6B/year * 10 years = 46B
>>>>>>>>>>>>>>
>>>>>>>>>>>>>> On the other hand, lets point out that difference is
>>>>>>>>>>>>>> irrelevant given the sort of deficits the government is,
>>>>>>>>>>>>>> has, and will continue to produce.
>>>>>>>>>>>>>>
>>>>>>>>>>>>>> We need to eliminate the power of government to add or
>>>>>>>>>>>>>> increase any taxes.
>>>>>>>>>>>>>>
>>>>>>>>>>>>>> They get 15% of the GDP (federal, state and local) and
>>>>>>>>>>>>>> they
>>>>> have
>>>>>>>>>>>>>> to live within their means like everyone else.
>>>>>>>>>>>>>>
>>>>>>>>>>>>>> Currently that would allow all levels of government to
>>>>>>>>>>>>>> spend $3.81 Trillion.
>>>>>>>>>>>>>>
>>>>>>>>>>>>>> Another 5% would be applied directly to paying down the
>>>>> existing
>>>>>>>>>>>>>> state and national debts (and would not apply to new
>>>>>>>>>>>>>> debt)
>>>>>>>>>>>>>>
>>>>>>>>>>>>>> The FIRST budgetary item would be to pay the interest on
>>>>>>>>>>>>>> any
>>>>> new
>>>>>>>>>>>>>> debt and paying off 5% of the principle of such debt.
>>>>>>>>>>>>>>
>>>>>>>>>>>>>> The Secondary budget item would be to service of any
>>>>>>>>>>>>>> bonds sold to the public to finance large government
>>>>>>>>>>>>>> projects.
>>>>>>>>>>>>>>
>>>>>>>>>>>>>> The FINAL budget item would be pay for the elected
>>>>>>>>>>>>>> officials.
>>>>>>>>>>>>>>
>>>>>>>>>>>>>> In short, if the government is going into debt.. they
>>>>>>>>>>>>>> don't get paid.
>>>>>>>>>>>>>>
>>>>>>>>>>>>>> Further they are prohibited from having any other sources
>>>>>>>>>>>>>> of income.
>>>>>>>>>>>>>
>>>>>>>>>>>>> Let's take it even another step further. According to the
>>>>>>>>>>>>> CBO
>>>>> the
>>>>>>>>>>>>> total deficts from the beginning of the Trump tax cuts,
>>>>>>>>>>>>> and extending them through 2033, is about $31 trillion.
>>>>>>>>>>>>> Subtract the $4.6 trillion Trump tax cuts and you still
>>>>>>>>>>>>> have $26.4 trillion.
>>>>> Am
>>>>>>>>>>>>> I supposed to feel better about this? Especially
>>>>>>>>>>>>> considering, as Ford correctly noted, even if the govt
>>>>>>>>>>>>> collected it they would spend it anyway.
>>>>>>>>>>>>
>>>>>>>>>>>> As I said limit government spending to a percentage of the
>>>>>>>>>>>> GDP.
>>>>> If
>>>>>>>>>>>> officials exceed those limits there are consequences.
>>>>>>>>>>>>
>>>>>>>>>>>
>>>>>>>>>>> Both parties spend like drunken sailors and it needs to
>>>>>>>>>>> stop.
>
>
>>>>>>>>>>> My issue is more of a what are they spending my tax dollars
>>>>>>>>>>> on? Are these bills productive or are millions of dollars
>>>>>>>>>>> set aside to
>>>>> study
>>>>>>>>>>> how chickens mate?
>>>>>>>>>
>>>>>>>>> In the 50's and 60's we taxed the rich to pay for out
>>>>>>>>> spending. We
>>>>>>> can
>>>>>>>>> do it again..
>>>>>>>>
>>>>>>>> The rich are already taxed.
>>>>>>>>
>>>>>>> Many of the rich don't pay any taxes.
>>>>>>
>>>>>> Many of the non-rich don't either.
>>>>>>
>>>>>
>>>>>
>>>>> Are you proud of paying more in taxes
>>>>> than billionaire Trump?
>>>>
>>>> Really? You are scraping bottom.
>>>>
>>>
>>> That's a real question. tRump claims to be a billionaire yet picks
>>> your pocket and cheats on taxes.
>>
>> Nope, he used the very tax code that Biden, over his 2000+ years in
>> govt, has created.
>
> Yep.
> The rich use the loopholes to their advantage. I am against that but
> it's the current system. Somebody making 40k a year does not have that
> ability.

The rich MAKE the loopholes, the
rich use the loopholes, and you really
think they "apply across the board"?