Joe Biden Presidency thread *Please read OP - Threadbanned Users Added 4/5/21*

Deleted User wrote: »

That comment alone demonstrates that you don't understand basic economics, but do please tell what your alternative plan is to improve the economy anyway. We are all ears.

Where do businesses get their money? Is it, perchance, by selling goods and services to the consumer?

This money is then used to pay the corporation tax. Prices go up or profits go down or a bit of both. Or you just go bust and fire all your employees.

Deleted User wrote: »

That comment alone demonstrates that you don't understand basic economics, but do please tell what your alternative plan is to improve the economy anyway. We are all ears.

It's amazing just how ignorant many people are about things they post an awful lot about.

Wanderer78 wrote: »

yup, covid is proving, our health system needs radical overhauling, and an astonishing level of investment, but since your thinking is pretty much the norm, this probably wont happen, so theres probably a very good chance, its gonna get significantly worse post covid

What % of tax take should be spent on health in your opinion?

What about culling all the overpaid senior management?

stefanovich wrote: »

Where do businesses get their money? Is it, perchance, by selling goods and services to the consumer?

This money is then used to pay the corporation tax. Prices go up or profits go down or a bit of both. Or you just go bust and fire all your employees.

You've just made it worse

stefanovich wrote: »

What % of tax take should be spent on health in your opinion?

What about culling all the overpaid senior management?

taxation has become a mess globally, most of this requirements has been moved onto the backs of working citizens, and away from the more plutocratic elements of society, we now need to urgently reverse this, this is what this admin is trying to do with these measures. we also need to move back towards more state based funding for our critical needs, again, this is the reason for the 2 trillion stimulus

yes, i would agree, we re too top heavy

Wanderer78 wrote: »

in a modern economy, theres effectively only two ways money is created, the majority being created by private sector financial institutions in the form of credit, the other being from central banks

Borrowed money still needs to be paid back. And it is paid back using profit from the sale of goods and services. You tax businesses more and they will pass it on to the consumer.

Wanderer78 wrote: »

baring in mind, such 'investments' only truly benefit 'major share holders'!

Anyone can invest directly in the stock market if you don't trust pension funds.

stefanovich wrote: »

Anyone can invest directly in the stock market if you don't trust pension funds.

yes this is true, but if you require all or more of your income to survive, you ll find this 'option' isnt really an option at all!

eagle eye wrote: »

This new tax is not good for Ireland.
It seems designed to appeal to companies to move back to the US and create jobs there. It's totally understandable from an American point of view but I'm concerned for Ireland.

A cross party policy to get American companies back to America.

Bad news indeed for Ireland.

Wanderer78 wrote: »

as others have pointed out, you need to do some economics research, this isnt how the world actually works, plenty of sources out there. again, america is a sovereign state, its own central bank is funding a lot of this, the two trillion, it actually doesnt have to pay this back as such, the increased economic activities from the stimulus will effectively keep this ticking over, as governments are not like a household, budgets do not need to be balanced

Borrow more, spend more, tax more. Sounds like a great plan.

budgets do not need to be balanced

They do unless you want to turn into Venezuela, which is what you and your pals seem to be advocating.

Wanderer78 wrote: »

again, this is why i believe we should move to 15% now, as this situation isnt cooling at all, everyones getting their backs up, up it now, to cool everyone off

Why would we move to 15%?

Do you not remember the second Lisbon treaty?

stefanovich wrote: »

Borrow more, spend more, tax more. Sounds like a great plan.



They do unless you want to turn into Venezuela, which is what you and your pals seem to be advocating.

again, this is not how the real world works, particularly more so for sovereign nations such as america, once again, governments are not like households, budgets do not need to be balanced, doing so, is in fact extremely dangerous, particularly in times of deep economic uncertainty such as now. the share buy backs situation has proven that the private sector is unwilling and/or unable to use its ability to borrow, to generate productive activities, therefore this must be done by the state, particularly financially, hence the two trillion

again, theres plenty of research done on Venezuela, all documented, largely due to supply side issues, which isnt a problem for america, america wont become such a failure due to these actions

Pussyhands wrote: »

I can imagine what people would be saying if Trump had a dog that went around biting people.

They'd be saying things like "Dog mimics its owner!", "There's no bad dogs, only bad owners", "Trump probably abused the dog as a puppy!"

Well Biden didn't own the dog as a puppy, the dog is a rescue so you're dead right. The dog probably was abused as a puppy.