I'd prefer they do their request homework first and then present their findings and recommendations in a coherent, sensible manner. Shitposting on Twitter is neither.
Trump isn't in office yet, so might as well shitpost in the meantime.
Eliminating the workforce doesn't eliminate the agency or reduce its spending outright. The president controls neither, he'd have to get Congress to go along. You'd go from spending $10 billion on an agency with 10,000 workers to now spending $10 billion on an agency with 2,000 workers because that's what the constitution and law says until either is changed. You're arguing for worse government efficiency.
Hard for congress to approve full funding of federal departments after 90% to 100% of the personelle of those departments have been laid off.
The poor understanding is not understanding that most government spending is mandatory and you aren't going to find 2 trillion in savings in discretionary spending. There is also a fundamental misunderstanding on how much tax cuts like Trumps explode the deficit.
And Jesus this is embarrassing. What countries do you think still use the gold standard in 2024?
Don't think anyone is expecting full defunding related to the government, obviously. DOGE an audit of federal departments with the intent to eliminate government waste.
And if they don't find $2 trillion worth of waste... okay. Cutting hundreds of billions of waste, to $1.5+ trillion? Thats a victory and a step in the right direction of fiscal responsibility as opposed to endless government bloat.
And I know there's no countries that back their currency with gold, as I said if an enemy country begins to produce currency and began trading it that it'd be a serious liability to the value of the dollar.
The global price of gold has reached its highest levels as Chinese investors and consumers, wary of real estate and stocks, buy the metal at a record pace.
www.nytimes.com
Hmmmmm..... why is China buying, and discovering gold in bulk?
I freely admit when I'm wrong. Yet here you are, unable to tell me what years you think capital gains revenue declined. If you're going to present an argument, at least be familiar with it.
I'm under no obligation to do your homework for you. If you want answers to your questions you can look them up yourself.
Sure. The US's best years for growth usually correlate with when taxation on the rich was the highest. You act like high taxes on the wealthy is unheard of in modern democracies and developed economies.
*Sigh* the 90+% income tax myth.
Just like the government is controlled by the rich today, they also controlled the government in that era of the 90% income tax.
Except no one was paying 90% in taxes.
That was just something they told the poor and middle class to get them to pay their taxes.
I'll do this bit of homework for you.
"The bottomline: FDR’s top tax bracket was over 90%, but people didn’t pay the top federal income tax rate in that era, like in any era, people pay an effective rate (which is always less than the top tax bracket rate in a progressive tax system). Meanwhile, the federal income tax is only one of many taxes that comprise the total tax burden a person pays. If we want to understand the difference between FDR’s taxes and Reagan’s taxes, then we really need to consider all of this and more. The grand result is that Reagan taxed top incomes at lower rates than FDR, and thus the general idea behind the “90% talking point” is correct… However, the full story is much more complex than simply comparing FDR’s 90% top tax bracket to Reagan’s 28% top tax bracket. For the full story we have to consider the nuances of tax brackets, and state, federal, and local taxes paid after deductions including the capital gains tax, payroll tax, and estate tax, and then we have to look at the effects of this over time regarding spending, tax revenue, and the effects on society"
If you were to find $10 billion in savings at the SSA, that's not even two-tenths of a percent of federal spending. Like I said, there is no addressing the federal deficit without increasing tax revenue. Like everyone keeps telling you: You can't find $2 trillion in savings in the annual budget. Anyone telling you that is full of shit.
A few drops in the bucket is a few drops toward filling the bucket.
And I'm fine with DOGE not finding $2 trillion.
I'm fine with just a detailed assessment of each federal department, and defunding the ones that are complete wastes.
The US is middle of the pack, if not lower, for most high-income tax rates, depending on the tax type. Even Ireland, every corporations favorite tax haven, has a higher tax burden on the wealthy than the US. The US could also negotiate its tax rates to align with other countries to deter tax avoidance.
If the US is middle of the pack now, where'd they be if they remove the cap on SS Payroll Taxes?