Political Forums  

Go Back   Defending The Truth Political Forum > Political Issues > Money and Finance > Economics


Thanks Tree14Thanks
Reply
 
LinkBack Thread Tools Display Modes
Old January 10th, 2018, 04:31 AM   #11
Senior Member
 
Join Date: Oct 2009
Location: Cliffside Park, NJ
Posts: 412
Quote:
Originally Posted by justoneman View Post
Subsidiaries manufacturing abroad are being taxed by countries they operate in. Selling goods in the market of the United States and manufacturing here will be attractive as the total cost of taxes in the USA will be reduced as compared to many other countries they may currently operate in. This is how business can be encouraged to flourish here along with the reduced rate for money repatriation to the US.
JustOneMan, under the new tax regulations we will continue seeking “pure free trade” and more money will continue being made by importing from low-wage trade surplus nations.

If the USA adopted the trade policy described within Wikipedia's “Import Certificates” article. It would increase our GDP and numbers of jobs more than otherwise. If there's an effective USA demand for any item, IC policy couldn't prevent it from being imported.

Respectfully, Supposn
Thanks from imaginethat
Supposn is offline  
Old January 10th, 2018, 06:29 AM   #12
Senior Member
 
Join Date: Jun 2013
Location: Katmandu
Posts: 5,243
Quote:
Originally Posted by goober View Post
The whole world is growing, that's how it works, the US is integrated into the world economy, and when the world has a recession, and it will, it always does, the US will have a recession. And when it does the deficit will soar, and the debt will soar.
Because tax rates are too low, they have been since the 1980's, and the low tax rates haven't created the kind of growth required to close the deficit.
And if it hasn't happened after nearly 50 years, it's not going to happen next year.
The national debt increased all through the sixties and seventies, there is nothing to back your partisan claims.
Libertine is offline  
Old January 10th, 2018, 08:07 AM   #13
Senior Member
 
Join Date: Oct 2009
Location: Cliffside Park, NJ
Posts: 412
Quote:
Originally Posted by Libertine View Post
The national debt increased all through the sixties and seventies, there is nothing to back your partisan claims.
Libertine, you're contending that the national debt per capita is decreasing? The purchasing powers of the nation's median wage nation is leading cost of living expenses?

Respectfully Supposn
Supposn is offline  
Old January 10th, 2018, 09:43 AM   #14
Banned
 
Join Date: Jan 2018
Location: Yes
Posts: 302
Quote:
Originally Posted by goober View Post
The whole world is growing, that's how it works, the US is integrated into the world economy, and when the world has a recession, and it will, it always does, the US will have a recession. And when it does the deficit will soar, and the debt will soar.
Because tax rates are too low, they have been since the 1980's, and the low tax rates haven't created the kind of growth required to close the deficit.
And if it hasn't happened after nearly 50 years, it's not going to happen next year.

Spending like drunken sailors is why we have the deficit each year, even as we continue to see record revenues.
Updike is offline  
Old January 10th, 2018, 10:29 AM   #15
RNG
Senior Member
 
RNG's Avatar
 
Join Date: Apr 2013
Location: Between everywhere
Posts: 29,135
Quote:
Originally Posted by Updike View Post
Spending like drunken sailors is why we have the deficit each year, even as we continue to see record revenues.
And the Republican President's tax bill will cause that deficit to soar, along with the debt.
RNG is offline  
Old January 10th, 2018, 01:17 PM   #16
Senior Member
 
Join Date: Jul 2014
Location: massachusetts
Posts: 10,704
Quote:
Originally Posted by Updike View Post
Spending like drunken sailors is why we have the deficit each year, even as we continue to see record revenues.
The same people who passed the tax cut pass the spending.
Thanks from RNG
goober is offline  
Old January 10th, 2018, 01:33 PM   #17
Senior Member
 
Join Date: Jul 2014
Location: massachusetts
Posts: 10,704
Quote:
Originally Posted by Libertine View Post
The national debt increased all through the sixties and seventies, there is nothing to back your partisan claims.
Look at the numbers. All the presidents from Washington to Carter left 800 billion in debt, Reagan left 2.4 trillion, the increase has continued for over 4 decades, taxes are too low.
goober is offline  
Old January 11th, 2018, 12:41 PM   #18
Senior Member
 
Join Date: Jun 2013
Location: Katmandu
Posts: 5,243
Quote:
Originally Posted by Supposn View Post
Libertine, you're contending that the national debt per capita is decreasing? The purchasing powers of the nation's median wage nation is leading cost of living expenses?

Respectfully Supposn
I didn't claim any of those things, work on your reading comprehension.
Libertine is offline  
Old January 11th, 2018, 12:46 PM   #19
Senior Member
 
Join Date: Jun 2013
Location: Katmandu
Posts: 5,243
Quote:
Originally Posted by goober View Post
Look at the numbers. All the presidents from Washington to Carter left 800 billion in debt, Reagan left 2.4 trillion, the increase has continued for over 4 decades, taxes are too low.
All the Presidents from Washington to Carter added $909 billion to the national debt, Reagan added another $1,700 billion.

All the Presidents from Washington to GWB added $9,986 billion to the debt, Obama added another $9,553 billion, twice as much as GWB and more than 500% more than Reagan.

Federal spending is too high.

https://www.whitehouse.gov/sites/whi...8/hist07z1.xls
Libertine is offline  
Old January 11th, 2018, 08:51 PM   #20
Senior Member
 
guy39's Avatar
 
Join Date: Nov 2012
Location: Kekistan
Posts: 3,602
Quote:
Originally Posted by Supposn View Post
JustOneMan, under the new tax regulations we will continue seeking “pure free trade” and more money will continue being made by importing from low-wage trade surplus nations.

If the USA adopted the trade policy described within Wikipedia's “Import Certificates” article. It would increase our GDP and numbers of jobs more than otherwise. If there's an effective USA demand for any item, IC policy couldn't prevent it from being imported.

Respectfully, Supposn
I was not aware that the tax bill had any specifics in it dealing with trade
guy39 is offline  
Reply

  Defending The Truth Political Forum > Political Issues > Money and Finance > Economics

Tags
abroad, factories, gdp, imports, jobs, law, send, tax, trade deficit



Thread Tools
Display Modes


Similar Threads
Thread Thread Starter Forum Replies Last Post
Trump tells Black citizens he will protect their jobs and create new jobs johnwk Current Events 10 August 26th, 2016 04:10 AM
Venezuela crisis: Maduro threatens seizure of closed factories Sabcat Americas 15 May 21st, 2016 02:27 PM
Schools as Fearmongering Factories: The Case of Ahmed Mohamed LongWinded Philosophy 1 September 17th, 2015 09:29 PM
U.S. Funding Mosques Abroad Zack Middle East 1 December 25th, 2010 11:42 AM
Obama pokes fun at Americans abroad garysher Politicians 1 July 11th, 2008 09:27 AM


Facebook Twitter RSS Feed



Copyright © 2005-2013 Defending The Truth. All rights reserved.