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Reply to "Maher Desires Crashing Economy To Oust Trump"

Br’er Rabbit posted:
Stanky posted:

Extremely high taxes and unfunded liabilities can create temporary "surpluses" and also set the stage for the next economic crash as well. As businesses go to business friendly states or countries, California will double down on punishing the wealthy in the tech sector which will chase them out as well.

https://californiapolicycenter...pension-liabilities/

 

Shouldn't the same be said for the Republican tax cuts? So far they've produced a $2trillion deficit in just one  year, but hey OBAMA! or HIllary's emails!

https://www.cnsnews.com/news/a...ough-march-still-run

Deficits really are a problem of spending, not taxing; tax revenues went up after the tax cuts. The only real way to balance the budget is to grow the economy and cut spending. I might also point out that the biggest part of the budget is the non-discretionary budget. 

If your $2 Trillion dollar figure was even close to correct, that would eat the entire discretionary budget and still leave you almost a trillion in the red. If you tax enough to cover that trillion dollar short fall, people wouldn't have as much money to buy goods and services so businesses and the economy would crash and burn (Assuming that Mexico doesn't conquer us first because there would be no military!) . If that all comes to pass, it would have been because of all the great works of liberals like LBJ and the "Great Society" freebies.


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