In other financial news...Mush brain wants more of your money!!

[raleighherdfan]

Mush brain is an economic illiterate.

Tax revenue has never been higher, whether measured in nominal terms, or adjusted for inflation, or as a percent of GDP, or as a percent of income. Rather, it is government spending which has ballooned to unsustainable levels and created record-breaking deficits.


Consider that federal expenditures were about $4.8 trillion in 2019 but were over $6 trillion in 2022. That’s a 25%-increase in three years — far outpacing economic growth — and it doesn’t even include the $6.7 trillion spent during the pandemic in 2020 or the record-breaking $7.2 trillion spent in 2021, Biden’s first year in office.

 

[ohio herd]

 

[mlblack16.]

Did you see the Congressional hearing yesterday with Yellen? God this country is being lead astray by demented old fools.

Someone should have been asking if she wanted a blanket and some pudding, but instead she's spewing bullshit with the promise of our economy being stronger than ever.

 

[i am herdman]

Hey but we have 1% GDP projected the entire couple of years. Good and stagnant.

 

[-CarlHungus-]

We have a spending problem not an income problem.

If you want Scandinavian social policies and US military spending you’re going to have to raise taxes across the board. Look at the tax rates in Scandinavian countries on their poor and middle class. There aren’t enough “rich” people to pay for it all here when an enormous chunk of the population pays very low or no taxes.

Taxing unrealized stock gains is insanity. Maybe you can figure out a way to tax “loans” people take from banks backed by their unrealized stock gains, but just taxing unrealized wealth is nuts to me.

 

[raleighherdfan]

Did you see the Congressional hearing yesterday with Yellen? God this country is being lead astray by demented old fools.

Someone should have been asking if she wanted a blanket and some pudding, but instead she's spewing bullshit with the promise of our economy being stronger than ever.

She is the same fool that suggested inflation was transitory. Anyone believing anyone of these lifelong bureaucratic grifters needs their heads examined.

 

[herdfan429]

We have a spending problem not an income problem.

If you want Scandinavian social policies and US military spending you’re going to have to raise taxes across the board. Look at the tax rates in Scandinavian countries on their poor and middle class. There aren’t enough “rich” people to pay for it all here when an enormous chunk of the population pays very low or no taxes.

Taxing unrealized stock gains is insanity. Maybe you can figure out a way to tax “loans” people take from banks backed by their unrealized stock gains, but just taxing unrealized wealth is nuts to me.

Big question is if they tax unrealized gains what are they going to do with actual losses

 

[SamSwimmer]

Ukraine ain’t gonna fund itself

 

[GeauxHerd]

The origin of this funding is UNKNOWN