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Thread: Biden and the Democrats screw the little guy again

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    Default Biden and the Democrats screw the little guy again

    https://www.msn.com/en-us/money/mark...w6Z?li=BBorjTa


    Police release image of suspect wanted in shooting death of Fall…
    Orange County Fire battalion chief fired for not reprimanding…

    What was the greatest trick ever pulled? Was it the devil convincing the world he didn’t exist, as Charles Baudelaire said and Keyser Söze repeated? Or maybe it was Soviet Socialists and their acolytes persuading the world that National Socialists were right wing? Perhaps it was one of those. But in America for several decades, it is surely Democrats tricking people into believing they’re on the side of the little guy.
    © Provided by Washington Examiner

    President Joe Biden touts his proposal for another $5.5 trillion of welfare spending, saying it’s “an ambitious plan to create jobs, cut taxes, and lower costs for working families — all paid for by making the tax code fairer and making the wealthiest and large corporations pay their fair share.”

    The White House website makes the president seem like Robin Hood taking from the rich to give to the poor. The claim is so laughable that there should also be a picture of shrunken Joe in forest green doublet and hose just to make the joke clear.

    The idea that Biden’s policies help ordinary people by digging deeper into the pockets of the wealthy is a crock. As Phil Gramm, former chairman of the Senate Banking Committee, and Mike Solon wrote in the Wall Street Journal recently, Democrats want the wealthiest to be able again to deduct the sky-high taxes levied by the profligate governments they elect in blue states and slough them on to other federal taxpayers and into public debt. If Biden really planned to prevent the best-off taxpayers using sophisticated accounting to avoid liabilities, he’d have proposed restoring the Alternative Minimum Tax rather than lifting the cap from State and Local Tax deductions.

    Not that I’m a fan of the AMT; I’m not, partly because wealthy Americans already contribute a bigger share of tax revenues than their counterparts do in any other country. The problem with our tax code is not that rates are too low, but they’re too high and discourage wealth creation and job growth. It’s galling to see glaringly false advertising by Biden and his colleagues as they try to fool voters into believing they’re looking out for the poor and downtrodden.

    The tirelessly and tiresomely repeated claim that the president’s plan would increase taxes only on people earning more than $400,000 is false. It is already dipping deeper into the pockets of everyone in this country, right down to those living below the poverty line.

    Here’s how. By handing out unnecessary federal checks, supposedly to stimulate the economy, and by pressing for the biggest increase in further spending in history, Biden is stoking inflation. Because of him, more and more dollars are chasing goods that are in shortening supply in part because there are a record 10 million job vacancies nationwide.

    Prices are rising faster than wages — 5.4% year over year and more than 6% so far this year — which means that unless you get a 6% pay raise, the value of your take-home check is falling. As many economists — for example, Thomas Sowell — have pointed out, inflation is essentially a tax and one that falls disproportionately on the poor.

    Federal taxes take buying power out of everyone’s pocket and put it into the Treasury to pay for welfare programs. Inflation, likewise, takes buying power out of your pocket to pay for federal spending. What’s the difference? Only that that former is official and the latter stealthy. But both intentionally do the same thing.

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    I realize you hate it when you see your knight in shining armor lying to you!

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    Quote Originally Posted by Wolverine View Post
    I realize you hate it when you see your knight in shining armor lying to you!
    LMAO @ WashingtonExaminer

    Consumer prices are rising because of two things: supply chain and demand. NOT inflation because we haven't printed any more money.

    For most all of 2020 and the first half of 2021, about half the country was locked down and not spending in the consumer economy.

    But as the vaccines have been distributed, more people are emerging from their lockdowns and spending money in the economy again.

    That puts pressure on supply chains, and that reduced supply coupled with increased demand will always result in price increases.

    And you can see that most clearly in the price of oil...which has increased as demand in 2021 surpasses demand of 2020, returning to 2019 levels. OPEC cut its oil production at the start of the pandemic, and that maintained the price per barrel of oil through the pandemic. But now that vaccinated people are emerging from the pandemic and travelling, that increases the demand for fuel, and thanks to production cuts by OPEC, the price per barrel increases because of increased demand.

    You'll see gas prices start to come down around September of next year, when OPEC will end the production cuts.

    Inflation has nothing to do with that.

    You're welcome for this free macroeconomics lesson.
    "While you're worried about bad apples
    We're wary of the roots
    Because no healthy tree
    Naturally bears strange fruit"


    -Jessica Foster, June 2020

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    The welfare state deprives the people of upward mobility. The government takes a chunk of the tax dollars that go in and have parties for themselves instead of distributing it among those in need.

    Meanwhile, working class people get poorer, people get stuck on "assistance", the rich get richer, and the government grows.

    That type of doing is unsustainable. It can't be all Chiefs and children and no Indians.

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    Quote Originally Posted by Wolverine View Post
    https://www.msn.com/en-us/money/mark...w6Z?li=BBorjTa


    Police release image of suspect wanted in shooting death of Fall…
    Orange County Fire battalion chief fired for not reprimanding…

    What was the greatest trick ever pulled? Was it the devil convincing the world he didn’t exist, as Charles Baudelaire said and Keyser Söze repeated? Or maybe it was Soviet Socialists and their acolytes persuading the world that National Socialists were right wing? Perhaps it was one of those. But in America for several decades, it is surely Democrats tricking people into believing they’re on the side of the little guy.
    © Provided by Washington Examiner

    President Joe Biden touts his proposal for another $5.5 trillion of welfare spending, saying it’s “an ambitious plan to create jobs, cut taxes, and lower costs for working families — all paid for by making the tax code fairer and making the wealthiest and large corporations pay their fair share.”

    The White House website makes the president seem like Robin Hood taking from the rich to give to the poor. The claim is so laughable that there should also be a picture of shrunken Joe in forest green doublet and hose just to make the joke clear.

    The idea that Biden’s policies help ordinary people by digging deeper into the pockets of the wealthy is a crock. As Phil Gramm, former chairman of the Senate Banking Committee, and Mike Solon wrote in the Wall Street Journal recently, Democrats want the wealthiest to be able again to deduct the sky-high taxes levied by the profligate governments they elect in blue states and slough them on to other federal taxpayers and into public debt. If Biden really planned to prevent the best-off taxpayers using sophisticated accounting to avoid liabilities, he’d have proposed restoring the Alternative Minimum Tax rather than lifting the cap from State and Local Tax deductions.

    Not that I’m a fan of the AMT; I’m not, partly because wealthy Americans already contribute a bigger share of tax revenues than their counterparts do in any other country. The problem with our tax code is not that rates are too low, but they’re too high and discourage wealth creation and job growth. It’s galling to see glaringly false advertising by Biden and his colleagues as they try to fool voters into believing they’re looking out for the poor and downtrodden.

    The tirelessly and tiresomely repeated claim that the president’s plan would increase taxes only on people earning more than $400,000 is false. It is already dipping deeper into the pockets of everyone in this country, right down to those living below the poverty line.

    Here’s how. By handing out unnecessary federal checks, supposedly to stimulate the economy, and by pressing for the biggest increase in further spending in history, Biden is stoking inflation. Because of him, more and more dollars are chasing goods that are in shortening supply in part because there are a record 10 million job vacancies nationwide.

    Prices are rising faster than wages — 5.4% year over year and more than 6% so far this year — which means that unless you get a 6% pay raise, the value of your take-home check is falling. As many economists — for example, Thomas Sowell — have pointed out, inflation is essentially a tax and one that falls disproportionately on the poor.

    Federal taxes take buying power out of everyone’s pocket and put it into the Treasury to pay for welfare programs. Inflation, likewise, takes buying power out of your pocket to pay for federal spending. What’s the difference? Only that that former is official and the latter stealthy. But both intentionally do the same thing.
    None of that is true.

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    Limbaugh couldn’t have said it any better

    You know there is a reason they give away the Washington Examiner for free outside DC train stations

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    guno (10-20-2021)

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    Quote Originally Posted by Nordberg View Post
    None of that is true.
    Another brilliant retort! You cannot argue against it so take the pee wee herman route NUH UH.

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    Quote Originally Posted by LV426 View Post
    LMAO @ WashingtonExaminer

    Consumer prices are rising because of two things: supply chain and demand. NOT inflation because we haven't printed any more money.

    For most all of 2020 and the first half of 2021, about half the country was locked down and not spending in the consumer economy.

    But as the vaccines have been distributed, more people are emerging from their lockdowns and spending money in the economy again.

    That puts pressure on supply chains, and that reduced supply coupled with increased demand will always result in price increases.

    And you can see that most clearly in the price of oil...which has increased as demand in 2021 surpasses demand of 2020, returning to 2019 levels. OPEC cut its oil production at the start of the pandemic, and that maintained the price per barrel of oil through the pandemic. But now that vaccinated people are emerging from the pandemic and travelling, that increases the demand for fuel, and thanks to production cuts by OPEC, the price per barrel increases because of increased demand.

    You'll see gas prices start to come down around September of next year, when OPEC will end the production cuts.

    Inflation has nothing to do with that.

    You're welcome for this free macroeconomics lesson.
    You covered squat, the article is dead on, but you are a paid shill for the dnc so! I suppose you don't think Biden eliminating oil production here had anything to do with energy price!

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    Quote Originally Posted by Wolverine View Post
    Another brilliant retort! You cannot argue against it so take the pee wee herman route NUH UH.
    Sure you can, easily, just make up as many lies and fabrications as it does

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    Quote Originally Posted by Wolverine View Post
    You covered squat, the article is dead on, but you are a paid shill for the dnc so! I suppose you don't think Biden eliminating oil production here had anything to do with energy price!
    You don't know a goddamned thing about this.
    "While you're worried about bad apples
    We're wary of the roots
    Because no healthy tree
    Naturally bears strange fruit"


    -Jessica Foster, June 2020

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    Quote Originally Posted by Wolverine View Post
    I suppose you don't think Biden eliminating oil production here had anything to do with energy price!
    Biden isn't and hasn't eliminated any current oil production.

    OPEC has cut its production, which is why the price is rising now.

    OPEC plans to end the cuts September next year; so that's when gas prices will start to decline.
    "While you're worried about bad apples
    We're wary of the roots
    Because no healthy tree
    Naturally bears strange fruit"


    -Jessica Foster, June 2020

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    Quote Originally Posted by Wolverine View Post
    https://www.msn.com/en-us/money/mark...w6Z?li=BBorjTa


    Police release image of suspect wanted in shooting death of Fall…
    Orange County Fire battalion chief fired for not reprimanding…

    What was the greatest trick ever pulled? Was it the devil convincing the world he didn’t exist, as Charles Baudelaire said and Keyser Söze repeated? Or maybe it was Soviet Socialists and their acolytes persuading the world that National Socialists were right wing? Perhaps it was one of those. But in America for several decades, it is surely Democrats tricking people into believing they’re on the side of the little guy.
    © Provided by Washington Examiner

    President Joe Biden touts his proposal for another $5.5 trillion of welfare spending, saying it’s “an ambitious plan to create jobs, cut taxes, and lower costs for working families — all paid for by making the tax code fairer and making the wealthiest and large corporations pay their fair share.”

    The White House website makes the president seem like Robin Hood taking from the rich to give to the poor. The claim is so laughable that there should also be a picture of shrunken Joe in forest green doublet and hose just to make the joke clear.

    The idea that Biden’s policies help ordinary people by digging deeper into the pockets of the wealthy is a crock. As Phil Gramm, former chairman of the Senate Banking Committee, and Mike Solon wrote in the Wall Street Journal recently, Democrats want the wealthiest to be able again to deduct the sky-high taxes levied by the profligate governments they elect in blue states and slough them on to other federal taxpayers and into public debt. If Biden really planned to prevent the best-off taxpayers using sophisticated accounting to avoid liabilities, he’d have proposed restoring the Alternative Minimum Tax rather than lifting the cap from State and Local Tax deductions.

    Not that I’m a fan of the AMT; I’m not, partly because wealthy Americans already contribute a bigger share of tax revenues than their counterparts do in any other country. The problem with our tax code is not that rates are too low, but they’re too high and discourage wealth creation and job growth. It’s galling to see glaringly false advertising by Biden and his colleagues as they try to fool voters into believing they’re looking out for the poor and downtrodden.

    The tirelessly and tiresomely repeated claim that the president’s plan would increase taxes only on people earning more than $400,000 is false. It is already dipping deeper into the pockets of everyone in this country, right down to those living below the poverty line.

    Here’s how. By handing out unnecessary federal checks, supposedly to stimulate the economy, and by pressing for the biggest increase in further spending in history, Biden is stoking inflation. Because of him, more and more dollars are chasing goods that are in shortening supply in part because there are a record 10 million job vacancies nationwide.

    Prices are rising faster than wages — 5.4% year over year and more than 6% so far this year — which means that unless you get a 6% pay raise, the value of your take-home check is falling. As many economists — for example, Thomas Sowell — have pointed out, inflation is essentially a tax and one that falls disproportionately on the poor.

    Federal taxes take buying power out of everyone’s pocket and put it into the Treasury to pay for welfare programs. Inflation, likewise, takes buying power out of your pocket to pay for federal spending. What’s the difference? Only that that former is official and the latter stealthy. But both intentionally do the same thing.
    Biden is lying

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    Quote Originally Posted by archives View Post
    Sure you can, easily, just make up as many lies and fabrications as it does
    You can't argue against it, and know you can't refute it so! It is a brilliant article about how democrats lie !

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    Quote Originally Posted by LV426 View Post
    You don't know a goddamned thing about this.
    The article speaks for itself paid shill!

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    Quote Originally Posted by LV426 View Post
    Biden isn't and hasn't eliminated any current oil production.

    OPEC has cut its production, which is why the price is rising now.

    OPEC plans to end the cuts September next year; so that's when gas prices will start to decline.
    https://www.forbes.com/sites/davidbl...h=77f39ff57d9b
    https://www.forbes.com/sites/stevefo...h=2e44d5897f7a
    https://thehill.com/opinion/energy-e...lame-joe-biden

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