Originally Posted by
Flash
Why is spending by former college students (including cosmetologists who earn less than $20,000) more valuable than spending by workers who did not attend college? They are both spending money which must be repaid later at higher interest rates.
It isn't. This only focuses on the negative: the losses of tuition loan forgiveness. The gains (the success stories you are not mentioning) outweigh the losses.
Originally Posted by
Flash
It would be easier to quit adding to the debt than by increasing taxes.
That is incorrect. If it were true it would have been done already. There are no easy spending cuts; and we are collecting insufficient revenue to keep up with spending. That's why the deficit is so large, and the debt continues to grow. President Trump made false promises which his followers are overlooking. President Trump said during the campaign that he would be able to eliminate the US debt within 8 years of being elected. Like so much of what he promised that has turned into yet another big Trump disappointment.
Originally Posted by
Flash
You want to give one group money for consumer spending and take money away from another group that does about 60% of consumer spending.
That is incorrect. If you wish to establish that nebulous claim it would help to provide supporting evidence. The rich spend far less of their income on consumer spending than the poor, who spend nearly 100% of their income. Also, there are far more poor than rich.
Originally Posted by
Flash
Based on your theory increased spending would result in more profits for businesses and that would result in more revenue.
Correct.
Originally Posted by
Flash
The wealthy already pay a disproportionate share of federal income taxes, the solution isn't to tax them more.
Progressive taxation is a not a 'problem,' requires no 'solution.' Progressive taxation is what has made America great. We have raised the standard of living for the poor, given respect and dignity to the elderly, and cared for the needy all because of progressive taxation. There is simply no way to tax everyone at the same rate and have the great country that we currently do.
Originally Posted by
Flash
We have already seen how high corporate taxes resulted in less competitive American companies.
Pure opinion. There is no definitive proof of your theory. No peer-reviewed scientific study agrees with your contention.
America can't be great if we are primarily a nation of dummies. We need smart citizens, and lots of them, to compete globally.
It is in the best interest of our future to forgive existing student loans and to institute paid tuition for K-16 financed by taxing the rich more, and by taxing big corporations more.
Personal Ignore Policy PIP: I like civil discourse. I will give you all the respect in the world if you respect me. Mouth off to me, or express overt racism, you will be PERMANENTLY Ignore Listed. Zero tolerance. No exceptions. I'll never read a word you write, even if quoted by another, nor respond to you, nor participate in your threads. ... Ignore the shallow. Cherish the thoughtful. Long Live Civil Discourse, Mutual Respect, and Good Debate! ps: Feel free to adopt my PIP. It works well.
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