Tuesday, October 23, 2018

Trump says ‘major tax cut’ on the way


Supposedly another "10%" cut before the elections...





3 comments:

Andrew Anderson said...

More tax cuts = more of a deficit = more risk-free yields on the inherently risk-free debt of the US Government = more welfare proportional to account balance in said debt = more welfare for the banks and the rich.

See how that works? Any deficit spending for the general welfare must be paid for with welfare for the banks and the rich.

Matt Franko said...

"More tax cuts = more of a deficit"

Not necessarily...

Andrew Anderson said...

Not necessarily... Franko

In any event, the inherently risk-free debt of a monetary sovereign like the US should yield (given overhead costs) less than 0%.

And that, besides being the right thing, shall solve or help to solve quite a few problems such as the trade deficit and constant fretting over the National Debt since, over time, the National Debt shall be converted to revenue neutral at worst.