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Thread: Details of Proposed Tax Plan

  1. #73

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    Default Re: Details of Proposed Tax Plan

    Quote Originally Posted by userque View Post
    The below is in addition to my prior post stating that additional debt increasing mechanisms (governmental spending programs, military spending programs, etc.) were put in place prior to "the last eight years"
    ________

    Your post referenced "the last eight years." An obvious political shot--that was allowed in this thread.

    The only proper way to debate your political shot would be via a political post. Certainly, any political posts by me won't go unnoticed and un-"acted" upon. (And possibly any non-political posts I make.)

    So if and until a fair political forum is opened, I am relegated to saying that "the last eight years" aren't as bad when you look at inflation-adjusted data. And if you do, you'll see which "eight year" period was actually the worst.

    Everyone knows it is meaningless to compare the cost of a car now vs. the cost decades ago without adjusting for inflation.

    Leaving out the political overtones, your explanation is very good. So why assume Bogie's 8 year reference was politically intentional? Did the deficit go from 9T to 20T over the past 8 years? The accumulating debt over years past cannot be solved quickly. It is also possible that this proposed tax plan could add more to our deficit then help reduce it. That's not a political statement, just a possibility.
    May the force be with us.

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  3. #74

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    Default Re: Details of Proposed Tax Plan

    Quote Originally Posted by nasa1974 View Post
    Leaving out the political overtones, your explanation is very good. So why assume Bogie's 8 year reference was politically intentional? Did the deficit go from 9T to 20T over the past 8 years? The accumulating debt over years past cannot be solved quickly. It is also possible that this proposed tax plan could add more to our deficit then help reduce it. That's not a political statement, just a possibility.
    Thank you. I added the "overtones" in response to the original poster's "overtones."

    I say that the "eight year" reference was political;

    • Because it coincides with the length of the last two-term President,
    • Because no explanation was given for using that oddly specific time-frame,
    • Because it was unnecessary. The debt is 20T. Whether it went from 9 to 20, or from 15 to 20 in the last (8 or 10 or 40 or 2) years, is irrelevant--unless you're making a political point. What matters for a 2017 tax plan discussion is that the debt is 20T--regardless of how fast it rose in "the last eight years."


    It's obvious to me. I suspect it is obvious to most who are willing to admit it.

    I have no issues or debate or proof if it is not obvious to others, only the above points.

    EDIT: Maybe this'll help:

    Can I just refer to the time frame that a certain POTUS has been in office while referencing negative facts? Or will I be deemed as trying to make a political post while attempting to circumvent the rules?
    [COLOR=#0000ff][FONT=comic sans ms][I]"In the land of idiots, the moron is King."--Unknown[/I][/FONT][/COLOR]

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  5. #75

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    Default Re: Details of Proposed Tax Plan

    Quote Originally Posted by nasa1974 View Post
    ..So why assume Bogie's 8 year reference was politically intentional?...
    I should add: Even an unintentionally political post ... is political.

    The point of the prohibition on political posts, in non-political forums, relates to the resulting debates. This is regardless as to intent.

    Examples:
    • You can leave the grocery store with an item that you didn't pay for unintentionally; yet, still be found guilty of theft.
    • You can break the speed limit unintentionally; yet, still be found guilty of speeding.


    Intent is not relevant towards the determination of 'political/not-political.' (However, it may be relevant towards determining the remedy.)

    Obviously, as I don't make the rules; these are my opinions on how things are, and/or/vs. how they should be.
    [COLOR=#0000ff][FONT=comic sans ms][I]"In the land of idiots, the moron is King."--Unknown[/I][/FONT][/COLOR]

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  7. Default Re: Details of Proposed Tax Plan


    One thing I am concerned about is that this tax code revision might be setting the stage for the next shoe to drop. After years of hearing about the rising deficit, all of a sudden this proposal may seriously reduce revenues. I’ll let others conjecture whether it would generate enough growth to not reduce revenues, but If it doesn’t, the only other thing Congress can do is slash expenses... necessitating much more drastic cuts to federal programs... . I really think that that’s where this leads us... Hope I’m wrong...

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  9. #77

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    Default Re: Details of Proposed Tax Plan

    Quote Originally Posted by StockSurfer View Post

    One thing I am concerned about is that this tax code revision might be setting the stage for the next shoe to drop. After years of hearing about the rising deficit, all of a sudden this proposal may seriously reduce revenues. I’ll let others conjecture whether it would generate enough growth to not reduce revenues, but If it doesn’t, the only other thing Congress can do is slash expenses... necessitating much more drastic cuts to federal programs... . I really think that that’s where this leads us... Hope I’m wrong...
    Interesting point.
    [COLOR=#0000ff][FONT=comic sans ms][I]"In the land of idiots, the moron is King."--Unknown[/I][/FONT][/COLOR]

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  11. #78

    Default Re: Details of Proposed Tax Plan

    Well, it was good while it lasted. I hope everyone made their points and drew their own conclusions.
    Tom
    Market Commentary | My Blog | TSP Talk Plus | |

    I am not a Registered Investment Advisor and this is not investment advice. Please do your own due diligence.

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