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Post by Uncaripswife on Nov 30, 2017 13:06:59 GMT -6
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Post by Deleted on Nov 30, 2017 13:09:27 GMT -6
hold me. I'm scared.
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stringy
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Post by stringy on Nov 30, 2017 13:12:56 GMT -6
my thoughts exactly. and I didn't even read the link. |
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Post by 100poppies on Nov 30, 2017 13:18:51 GMT -6
I just read this—but I’d like to remind everyone that even with big crashes (see Great Recession), we have safety nets in place that did not exist during the depression and that were created specifically in response to it. This doesn’t mean you shouldn’t rally to oppose and call your reps, but let’s not get too crazy scared about the bubble bursting.
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athn64
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Post by athn64 on Nov 30, 2017 13:40:18 GMT -6
I just read this—but I’d like to remind everyone that even with big crashes (see Great Recession), we have safety nets in place that did not exist during the depression and that were created specifically in response to it. This doesn’t mean you shouldn’t rally to oppose and call your reps, but let’s not get too crazy scared about the bubble bursting. Aren't those safety nets things the GOP wants to cut anyways? |
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Post by crimsonandclover on Nov 30, 2017 13:43:10 GMT -6
I just read this—but I’d like to remind everyone that even with big crashes (see Great Recession), we have safety nets in place that did not exist during the depression and that were created specifically in response to it. This doesn’t mean you shouldn’t rally to oppose and call your reps, but let’s not get too crazy scared about the bubble bursting. I'm going to take this and run with it, using it as my comfort mantra. I do not like the combination of a wave of right-wing sentiment all over the West combined with overt hostility toward higher education plus a potential market crash. Make people economically desperate, give them someone to blame, and stop them from gaining critical thinking skills. This does not sound like the formula for heading into a better future. |
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Post by 100poppies on Nov 30, 2017 13:46:16 GMT -6
athn64—yes, at least the Paul Ryan types. But I think they’re pretty un-killable, and certainly not within a year. But do call your financial advisor if you have one.
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Post by crimsonandclover on Nov 30, 2017 13:46:53 GMT -6
But a specific tax reform question - does anyone know more details about the Child Tax Credit? Specifically - how much of the additional amount is intended to be refundable? We could end up significantly benefiting from the reform depending on how the refundable part of the Child Tax Credit plays out. Not that that makes me for the bill in any way, shape, or form, but I think it will give me some personal satisfaction to get more $ back from this tax plan and then use it to donate to the ACLU or PP in Pence's name.
ETA: Commas are important.
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Post by Uncaripswife on Nov 30, 2017 13:47:35 GMT -6
I just read this—but I’d like to remind everyone that even with big crashes (see Great Recession), we have safety nets in place that did not exist during the depression and that were created specifically in response to it. This doesn’t mean you shouldn’t rally to oppose and call your reps, but let’s not get too crazy scared about the bubble bursting. Aren't those safety nets things the GOP wants to cut anyways? Exactly. Yes, we have safety nets, 100poppies. But they are being eroded on the daily. |
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athn64
Ruby
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Post by athn64 on Nov 30, 2017 13:49:16 GMT -6
I just read this—but I’d like to remind everyone that even with big crashes (see Great Recession), we have safety nets in place that did not exist during the depression and that were created specifically in response to it. This doesn’t mean you shouldn’t rally to oppose and call your reps, but let’s not get too crazy scared about the bubble bursting. I'm going to take this and run with it, using it as my comfort mantra. I do not like the combination of a wave of right-wing sentiment all over the West combined with overt hostility toward higher education plus a potential market crash. Make people economically desperate, give them someone to blame, and stop them from gaining critical thinking skills. This does not sound like the formula for heading into a better future. Yeah. I hate to say Hitler. But well.... Hitler. An us vs them narrative is just bad all around. |
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Taitai
Opal
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Post by Taitai on Nov 30, 2017 22:51:45 GMT -6
This article is so on point. I agree with all of it. I personally stand to benefit greatly from the tax bill (via the AMT and pass-through provisions), but the thing I understand (and many republicans do not) is that I don't NEED tax breaks, and tax breaks for people like me is not in society's best interest. I care about our country and I am okay paying more money to ensure the USA has a stable middle class and takes care of those who need help. To my peers who love this bill - I say grow a heart and be more empathetic FFS. Not to say personal responsibility and having a good work ethic aren't important - they are - but behaving like a Scrooge and taking resources away from those who are more in need than you is just plain shitty. Also, trickle down is empirically proven to not work. Just look at the huge increase in income disparity/wealth gap since the Reagan years. It.Doesnt.Work. The brainwashing that has been done on this point by talk radio and Fox News is just unreal. |
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Post by Deleted on Nov 30, 2017 23:24:48 GMT -6
This article is so on point. I agree with all of it. I personally stand to benefit greatly from the tax bill (via the AMT and pass-through provisions), but the thing I understand (and many republicans do not) is that I don't NEED tax breaks, and tax breaks for people like me is not in society's best interest. I care about our country and I am okay paying more money to ensure the USA has a stable middle class and takes care of those who need help. To my peers who love this bill - I say grow a heart and be more empathetic FFS. Not to say personal responsibility and having a good work ethic aren't important - they are - but behaving like a Scrooge and taking resources away from those who are more in need than you is just plain shitty. Also, trickle down is empirically proven to not work. Just look at the huge increase in income disparity/wealth gap since the Reagan years. It.Doesnt.Work. The brainwashing that has been done on this point by talk radio and Fox News is just unreal. Co-signed. |
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Post by adorebel on Dec 1, 2017 8:10:14 GMT -6
I'm not so scared about the bubble bursting as I am about literally getting back like $300 next year (peanuts compared to what we could lose) but seeing my tax bill INCREASE by potentially thousands of dollars 5-7 years from now to pay for some rich fuckers to keep their estate tax-free. Also, being in education, we could be taxed on the house we don't own, but live in as a benefit, which would essentially ruin us financially. There are plenty of hardworking Americans who either didn't choose a highly lucrative career because their passion was teaching/social work/whatever or they are stuck in a bubble of poverty no amount of hard work will deliver them from without serious help like great public education, reasonable student loan policies, and affordable/free healthcare. Taking more from the lower and middle classes will stagnate the economy by freezing consumer spending. You don't have to look back to the Depression for an example. You can look at Reagan's policies increasing the wage gap or W's policies with the housing bubble/causing the recession as well.
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Post by justkeepmoving on Dec 4, 2017 10:40:16 GMT -6
I heard on the radio this morning that if this bill is enacted it would very likely send us into a recession.
I didn’t even think of that aspect.
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Post by justkeepmoving on Dec 4, 2017 10:42:36 GMT -6
But a specific tax reform question - does anyone know more details about the Child Tax Credit? Specifically - how much of the additional amount is intended to be refundable? We could end up significantly benefiting from the reform depending on how the refundable part of the Child Tax Credit plays out. Not that that makes me for the bill in any way, shape, or form, but I think it will give me some personal satisfaction to get more $ back from this tax plan and then use it to donate to the ACLU or PP in Pence's name. ETA: Commas are important. I haven’t heard if any other part of it will change besides the amount. The amount of credit you receive is based on income: www.irs.gov/newsroom/ten-facts-about-the-child-tax-credit |
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jkjacq
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Post by jkjacq on Dec 4, 2017 13:28:09 GMT -6
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athn64
Ruby
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Post by athn64 on Dec 4, 2017 13:31:56 GMT -6
This about sums up my feelings I'm guessing they skipped class the day they covered that. |
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