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Deficit up another 21% ...

Discussion in 'Too Hot for Swamp Gas' started by WarDamnGator, Aug 10, 2018.

  1. Gator715

    Gator715 GC Hall of Fame

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    It's also not like the markets wouldn't adjust accordingly if there were not public schools... I just like the idea of the current format because I do believe that capitalism has blind spots.... and the current format of both private and public schools help cover that blind spot...

    That doesn't mean we should declare all public universities, tuition free... The market needs to realize that college is overrated... and it's not for everyone... when that happens, I'd expect the cost of college to drop...
     
  2. fastsix

    fastsix Premium Member

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    You're already an accidental socialist. Drop out tomorrow, or please turn in your libertarian membership card.

    Taxpayer Subsidies for Most Colleges and Universities Average Between $8,000 to More than $100,000 for Each Bachelor’s Degree, New Study Finds

    Each student earning a bachelor’s degree at a public college or university accounts for more than $60,000 in subsidies to the institutions.
    btw...it gets worse, that's like $68,000 adjusted for inflation.
     
    Last edited: Aug 13, 2018
    • Funny Funny x 1
  3. citygator

    citygator Premium Member

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    People only like their own welfare. Not a human in this country who hasn’t benefitted from the state.
     
  4. Gator715

    Gator715 GC Hall of Fame

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    By that logic, given that we're the beneficiaries of the protection of our military... you can never support cuts to military spending....

    Well done, bro...

    :emoji_upside_down::emoji_upside_down::emoji_upside_down:
     
  5. fastsix

    fastsix Premium Member

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    Whatever you need to tell yourself. Enjoy your subsidized, socialized public education you taker.
     
  6. Gator715

    Gator715 GC Hall of Fame

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    Enjoy the Trump tax cuts... Don't forget to say thank you! ;)
     
  7. fastsix

    fastsix Premium Member

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    We already covered this. My taxes have gone up under trump.
     
  8. dangolegators

    dangolegators GC Hall of Fame

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    Actually libertarianism only works in the imaginations of libertarians.
     
  9. Gator715

    Gator715 GC Hall of Fame

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    So it's like socialism? ;)
     
  10. Gator715

    Gator715 GC Hall of Fame

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    So Trump is harder on the wealthy than Obama?
     
  11. dangolegators

    dangolegators GC Hall of Fame

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    Socialism works in the imaginations of libertarians?
     
  12. Gator715

    Gator715 GC Hall of Fame

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    No, silly... Socialism only works in the imagination of leftists... ;)

    Don't play coy, you knew what I meant...
     
  13. dangolegators

    dangolegators GC Hall of Fame

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    Seems like socialism is working in reality for you.
     
    • Disagree Disagree x 1
  14. Gator715

    Gator715 GC Hall of Fame

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    Haha... If you think that the current state we live in is a socialist state, you're definitely not a socialist... :D:D
     
  15. dangolegators

    dangolegators GC Hall of Fame

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    What's a socialist state then? Canada? Denmark? Or are you talking about some imaginary country that doesn't exist?
     
  16. Gator715

    Gator715 GC Hall of Fame

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    No... Cuba, Venezuela... That's socialist... Canada and Denmark credit their success to free markets... and they happen to have social programs like universal healthcare that make people like you automatically point to and say, "see socialism works..." and... it benefits from free market elements, primarily... :D
     
  17. dangolegators

    dangolegators GC Hall of Fame

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    Oh, ok. When you said socialism only works in the imaginations of leftists, I assumed you were talking about the mix of capitalism and socialism that most 'leftists' actually favor. Since you are talking about pure socialism, you'll need to find someone who favors a purely socialist system to debate with. Don't think you'll find any on this board though.
     
  18. Gator715

    Gator715 GC Hall of Fame

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    Happy to hear that... :cool:

    And Libertarians tend to favor a small government that covers essential needs, not anarchy... Don't think you'll find a pure anarchist on this board... :rolleyes:
     
    Last edited: Aug 14, 2018
  19. fastsix

    fastsix Premium Member

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    I'm not poor, but calling me wealthy would be a stretch. I realize that's a matter of perspective. To someone making minimum wage I'm wealthy. To someone making a quarter million a year I'm not. And I also don't have kids, which makes a huge difference.

    Regardless of all that, trump's tax plan is harder on people who were able to use certain deductions, but no longer can. Unfortunately for me, I am one of those people. It's not a big amount of money, but my taxes will be higher than they were.

    As for how trump's tax affects the wealthy, there are about a million articles that have looked at who benefits the most. Oddly enough, the biggest breaks go to the ultra rich and corporations, i.e. people like trump, but even the majority of the tax cuts went to the top 20% of earners.

    So it's really the ultra rich and corporations who benefit most. The "people" who least needed it, but I'm sure it'll trickle down on folks like you and me. Lucky us.

    Touted As Middle-Class Win, GOP Tax Plan Directly Benefits Wealthy, Analysis Finds

    But analysts at the nonpartisan Tax Policy Center who studied the proposal reached a very different conclusion. They predict that nearly three-quarters of the savings from the tax overhaul would go to the top 20 percent of earners — those making more than $149,000. More than half the savings would go to the top 1 percent — people who earn more than $732,800. The tax breaks are even more tilted to the wealthy by the 10th year of the overhaul, when the Tax Policy Center projects nearly 80 percent of the savings would go to the top 1 percent of earners.

    Tax Cuts Benefit the Ultra Rich, but Not the Merely Rich

    If you read the headlines, the spoils of the Republican tax plan will disproportionately benefit the wealthy. It’s been called a “tax cut for the rich,” “a Christmas gift for the wealthy” and more. And that’s true: Any back-of-the-envelope math shows that in both dollar terms and in percentage terms, the largest tax cuts clearly benefit the rich.

    Here’s the nuance: The tax bill soaks some of rich Americans — but it does not soak the richest.

    It is the “pretty rich” right below that level that may get hit: the W2 employee making several hundred thousand dollars to millions of dollars a year with high state and local taxes that will not be fully deductible may see a higher tax bill. So will the chief executives of many large publicly traded companies who often itemize large, unreimbursed business expenses, which will no longer be allowed. Some executives are already calculating that they will be paying additional seven-figure sums in taxes.
     
  20. Gator715

    Gator715 GC Hall of Fame

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    So... do you want higher taxes, or lower taxes? It seems like Trump can’t win with you...;)

    ... Or... do you want higher taxes for everyone but yourself?:cool: