ctm Posted April 10 Report Share Posted April 10 Taxes will eventually have to increase. The rate of increase in the national debt that Trump and republicans have given us with their tax cuts is unsustainable. Who has to pay more, tbd. The more immediate problem.....inflation is rising and the fed may have to increase interest rates as a result. That would make servicing the debt even more expensive. If inflation and higher rates produce a recession....another problem....a recession produces less government revenue. End result, a double hit to servicing the debt. We aren't there yet, but that is the trendline. CPI report this AM: inflation rose 0.9% just in March alone. Many economists are predicting it to get worse in the months ahead as the secondary effects of the increases in fertilizer, diesel, etc. work their way through supply chains. Link to post Share on other sites More sharing options...
IsntLifeFunny Posted April 10 Report Share Posted April 10 1 minute ago, ctm said: Taxes will eventually have to increase. The rate of increase in the national debt that Trump and republicans have given us with their tax cuts is unsustainable. Who has to pay more, tbd. The more immediate problem.....inflation is rising and the fed may have to increase interest rates as a result. That would make servicing the debt even more expensive. If inflation and higher rates produce a recession....another problem....a recession produces less government revenue. End result, a double hit to servicing the debt. We aren't there yet, but that is the trendline. CPI report this AM: inflation rose 0.9% just in March alone. Many economists are predicting it to get worse in the months ahead as the secondary effects of the increases in fertilizer, diesel, etc. work their way through supply chains. Trump performing a ceasefire and holding to it at least stopped the worst damage that was coming down the line. Link to post Share on other sites More sharing options...
ctm Posted April 10 Report Share Posted April 10 (edited) Consumer sentiment plummeted to its lowest level on record due to frustration with price spikes from the US-Israeli war with Iran. The University of Michigan’s latest consumer survey released Friday showed that sentiment declined 11% early this month to a reading of 47.6, lower than anything seen in the post World War II era, including during the Great Recession, the pandemic downturn and the historic inflation surge afterward. Meanwhile, Americans’ expectations for inflation in the year ahead surged a full percentage point early this month to 4.8%, the biggest monthly increase in a year, when Trump unveiled his sweeping “Liberation Day” tariffs. https://finance.yahoo.com/economy/articles/consumer-sentiment-plummets-record-low-142221752.html Edited April 10 by ctm Link to post Share on other sites More sharing options...
Starkiller Posted April 12 Report Share Posted April 12 On 4/10/2026 at 11:05 AM, ctm said: Consumer sentiment plummeted to its lowest level on record due to frustration with price spikes from the US-Israeli war with Iran. The University of Michigan’s latest consumer survey released Friday showed that sentiment declined 11% early this month to a reading of 47.6, lower than anything seen in the post World War II era, including during the Great Recession, the pandemic downturn and the historic inflation surge afterward. Meanwhile, Americans’ expectations for inflation in the year ahead surged a full percentage point early this month to 4.8%, the biggest monthly increase in a year, when Trump unveiled his sweeping “Liberation Day” tariffs. https://finance.yahoo.com/economy/articles/consumer-sentiment-plummets-record-low-142221752.html MadMax 1 Link to post Share on other sites More sharing options...
ctm Posted Wednesday at 04:44 PM Report Share Posted Wednesday at 04:44 PM Dozens of America’s most profitable corporations avoided paying any federal income taxes in 2025, according to an analysis out on Tuesday from the Institute on Taxation and Economic Policy. The 88 companies—which include Tesla, Southwest Airlines, Live Nation, Palantir, Citigroup, and many others listed in the S&P 500—brought in a collective $105 billion in pretax income last year. ITEP found that 2025 saw a spike in corporate tax avoidance, enabled in part by new loopholes created by the One Big Beautiful Bill Act signed by President Donald Trump and by his 2017 Tax Cuts and Jobs Act, which reduced the corporate tax rate to 21% from its previous 35%. The One Big Beautiful Bill Act is expected to hand the wealthiest 1% of Americans $117 billion in tax cuts this year, while those in the bottom 95% are set to pay more in taxes while facing across-the-board cuts to social safety net programs like Medicaid and the Supplemental Nutrition Assistance Program. https://www.msn.com/en-us/money/markets/at-least-88-big-corporations-paid-0-in-income-tax-last-year-thanks-to-republicans/ar-AA20Wt0v?ocid=msedgdhp&pc=HCTS&cvid=69dfbbbe29af4b72bc1a20368cdd71f8&ei=38 Trump and republicans are exploding the natiional debt and bankrupting the country with their tax cuts. IsntLifeFunny, MadMax, and OILERMAN 3 Link to post Share on other sites More sharing options...
Number9 Posted Thursday at 06:04 AM Report Share Posted Thursday at 06:04 AM It's not about taxing the rich as a target. It is treating the rich like everyone else. The largest employer in the US avoids giving their workers mandated benefits by not allowing them enough hours to receive them. They have to use that abomination ObamaCare. That should be illegal in a country that has the greatest healthcare system in the world. There is nothing christian, or even fair about that. Rich is rich. The owners of these businesses will still be rich. If you have 50X average people that's rich. Be happy. Buy anything you want. The people who helped make you rich deserve you putting more into the tax base because you are receiving more of our wealth. ezpz IsntLifeFunny, OILERMAN, pat, and 1 other 3 1 Link to post Share on other sites More sharing options...
Number9 Posted Thursday at 06:15 AM Report Share Posted Thursday at 06:15 AM https://en.wikipedia.org/wiki/List_of_largest_employers Below is the list of largest employers including government owned companies and institutions in 2022. Rank Employer Employees Country State-owned 1Ministry of Defence (India)2.99 IndiaYes[1] 2United States Department of Defense2.91 United StatesYes[1] 3People's Liberation Army2.55 ChinaYes[1] 4Walmart2.30 United StatesNo[1] 5Amazon1.61 United StatesNo[1] 6China National Petroleum1.45 ChinaYes[1] 7National Health Service1.38 United KingdomYes[1] 8Foxconn1.29 TaiwanNo[1] 9Indian Railways1.21 IndiaYes[2] 10Tata Group1.15 IndiaNo[3] It's not about targeting the rich, it's about commonsense. Link to post Share on other sites More sharing options...
OILERMAN Posted Thursday at 10:28 AM Report Share Posted Thursday at 10:28 AM Number9, reo, and MadMax 3 Link to post Share on other sites More sharing options...
OILERMAN Posted Thursday at 11:10 AM Report Share Posted Thursday at 11:10 AM MadMax, Number9, and Titandan 3 Link to post Share on other sites More sharing options...
OILERMAN Posted Thursday at 11:12 AM Report Share Posted Thursday at 11:12 AM You have to give the Republicans and corporate media a ton of credit. To be able to get working people(retards) to argue for corporations and billionaire tax cuts(unfunded) is an impressive feat. Number9, HigherLogic, MadMax, and 1 other 4 Link to post Share on other sites More sharing options...
Starkiller Posted Thursday at 02:23 PM Report Share Posted Thursday at 02:23 PM 3 hours ago, OILERMAN said: You have to give the Republicans and corporate media a ton of credit. To be able to get working people(retards) to argue for corporations and billionaire tax cuts(unfunded) is an impressive feat. All it takes is painting blacks/gays/ trans/immigrants as a threat to your life and livelihood and the suckers will also be bootlickers MadMax, OILERMAN, titanruss, and 1 other 4 Link to post Share on other sites More sharing options...
IsntLifeFunny Posted Saturday at 10:48 AM Report Share Posted Saturday at 10:48 AM Bernie doesn't usually post disinformation so I'll take him at his word, and if this is correct it's absurd. Oh yeah, and the IRS is about to settle with Trump for 14 billion. Dumbest fucking people. Starkiller, and MadMax 2 Link to post Share on other sites More sharing options...
OILERMAN Posted 14 hours ago Report Share Posted 14 hours ago Starkiller, and MadMax 2 Link to post Share on other sites More sharing options...
OILERMAN Posted 14 hours ago Report Share Posted 14 hours ago IsntLifeFunny 1 Link to post Share on other sites More sharing options...
IsntLifeFunny Posted 12 hours ago Report Share Posted 12 hours ago Link to post Share on other sites More sharing options...
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