|
Name:
|
GoneFishin
-
|
Subject:
|
Someone Has To Do It
|
Date:
|
4/28/2021 8:59:16 PM
|
|
Trump reduced corpoarate taxes but there was no widespread reduction in reducing prices to the consumer. They did stock buy backs, increased salaries for top management, incresed options, and increased dividends. However, if taxes go up the comsumer will pay for it according to the Right. Trump put a tariff on Chinese products which raised some prices to the consumer. He then used tax money to bail out farmers large and larger because they lost their Chinese market. The deficit under Trump rose during his 4 years in office 4 trillion and the Right was silent.
One of the problems of raising capital gains on the wealthy is they will just sit on the stock and pass it on to their heirs. The loss of the step up would screw them cause their heirs would pay the tax eventually when they sell based on the original cost. Imagine going back 60-70 years to find original cost of.
The Right suddenly cares about deficits but loved the Stimulus bailout for businesses. Food stamps are bad, title 8 is bad, but welfare money for the Right and their business was good government. The Right is the party of social issues and guns except when the Dems are in office. Now, it is higher taxes. Biden is proposing alot of spending....I don't buy into all of it....but he is trying to finance it...which will cost me...but it is good government to pay as you go.
|