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$2 Trillion Deficit

$2 Trillion Deficit

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@Mott-The-Hoople said
what do the progressives do when the wealthy leave?
Youve been reading too many wapo op-eds ghostwritten by Jeff bezos.


@Mott-The-Hoople said
what do the progressives do when the wealthy leave?
Wave goodbye.


@wildgrass said
You raise taxes on everyone?

Where is that political platform?

Where were you on that thread that the current average effective income tax is 14.5%, but the billionaires only pay 0.1%.

Shouldn't the billionaires at least pay the average?
Pay 'the average'???** Not if govt process has allowed a benefit to the wealthy taxpayers, that they might reinvest their billions in the interest of productivity, so that we can stay ahead of Netherlands, UK, New Zealand, Mex., etc. The USA is the number ONE country, why stop now? Don't you see, we need the investments of the wealthy?? And if you don't know it, we are toying with going socialist, to make more wealth!!!!!


***What means 'pay the average'.? I like that idea, myself. All citizens pay the exact percentage. Look up Fair Tax.....a consumer tax. We can talk????


@Mott-The-Hoople said
so nobody creates jobs? damn what a dumbass
The people who get those most income don’t get it from jobs they get it from being rich so your question is irrelevant.

Who “provided” Donald Trump “with the ability to have an income?”


@no1marauder said
The lost revenue from Biden's modest partial forgiveness of student loan debt would have been easily covered by tax increases on the wealthy that progressives have supported for decades.
OOOOOOOOHHHHHHHHH.....NOW you say the govt would have LOST REVENUE in the tuition scandal.
Jesus, Marauder. The most disingenuous among us. Go to back of the classroom, take a seat behind,,,,,well, you know...


Hey, everyone , do you love Marauder's "Modest Partial Forgiveness'" reference. I don't know which word I would tackle first!!!


@AThousandYoung said
Nobody. What a weird question.
This one wants to be dropped from penpal status on the Forum............pitiful


@no1marauder said
The lost revenue from Biden's modest partial forgiveness of student loan debt would have been easily covered by tax increases on the wealthy that progressives have supported for decades.
I just cannot get over these people.
This particular one, a socialist**, is saying here, that the progresssssssssiiiives have supported***tax increases on the wealthy......to cover lost revenue.
Have the wealthy pay the debt of others. What if the others do not work as hard and provide goods and services as do the wealthy....what then?

** Socialism has never worked in a country such as the size and population of the USA.

***. What does 'supported' mean? Wish for? Does it mean hold a sign in the air on the street?!?!?? oh boy....

***


@wildgrass said
Trickle down economics has been proven over and over and over and over again not to work.

While more than half of federal cash comes from income, the wealthy don't have income to report. They mooch off the safety and security provided by working class folk getting along paycheck to paycheck. The ability to accumulate billions in wealth is explained almost entirely by the tax code, which taxes income from work at much higher rates than income derived from assets.
When trickle down econ coincided with economic growth, it did not necessarily benefit all income groups. As a result, there were many opinions, so let us say you are half right and half wrong. Like Sonhouse!!!!

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@no1marauder said
Wave goodbye.
Cool, you saw the clip on the most-beautiful mayor of Seattle, bidding adieu to the wealthy, including Starbuck's Schulz, (Worth $80B). Yep, bye bye wealthy. Pretty good thinking there, she must've gotten the bug from Mamdani. You are all such a laugh.

OK< Marauder you must have overlooked my simple analogy above, Please respond? Here it is, so you need not scroll...

"""If I may, if I have $900 and loan you $100 I have $800 left. If you do not repay pay the $100, I am left only with the $800. I will never receive the $100 that I loaned to you.
So please tell us how the word forgive applies in this case. Of course I could say to you, my brother, I forgive you for not paying me back, and everybody is happy with our friendship. I am a Christian.

So I am left $100 short, but with an air of forgiveness for my brother.

Please? And I am not being obtuse, I am asking for a point of clarification 🙂"""


@AverageJoe1 said
When trickle down econ coincided with economic growth, it did not necessarily benefit all income groups. As a result, there were many opinions, so let us say you are half right and half wrong. Like Sonhouse!!!!
It's not an opinion it's a fact. Tax cuts for the wealthy do not trickle down to the middle/low income households. They just don't.


@AverageJoe1 said
Cool, you saw the clip on the most-beautiful mayor of Seattle, bidding adieu to the wealthy, including Starbuck's Schulz, (Worth $80B). Yep, bye bye wealthy. Pretty good thinking there, she must've gotten the bug from Mamdani. You are all such a laugh.

OK< Marauder you must have overlooked my simple analogy above, Please respond? Here it is, so you need not scrol ...[text shortened]... for my brother.

Please? And I am not being obtuse, I am asking for a point of clarification 🙂"""
You are being, at best, "obtuse".

Loan forgiveness is what it is called regardless of what type of loan it is:

"Loan forgiveness eliminates all or part of a debt you owe, releasing you from the legal obligation to repay it." https://legalclarity.org/what-is-loan-forgiveness-and-how-does-it-work/[WORD TOO LONG].


@AverageJoe1 said
I just cannot get over these people.
This particular one, a socialist**, is saying here, that the progresssssssssiiiives have supported***tax increases on the wealthy......to cover lost revenue.
Have the wealthy pay the debt of others. What if the others do not work as hard and provide goods and services as do the wealthy....what then?

** Socialism has never ...[text shortened]... orted' mean? Wish for? Does it mean hold a sign in the air on the street?!?!?? oh boy....

***
The wealthy don't work hard at all in a capitalist country; they get others to work hard or they make money by trading paper.

Every time there is a tax cut for the wealthy, others or their descendants have to "cover the lost revenue". For some reason, you never complain about that.

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@AverageJoe1 said
I just cannot get over these people.
This particular one, a socialist**, is saying here, that the progresssssssssiiiives have supported***tax increases on the wealthy......to cover lost revenue.
Have the wealthy pay the debt of others. What if the others do not work as hard and provide goods and services as do the wealthy....what then?

** Socialism has never ...[text shortened]... orted' mean? Wish for? Does it mean hold a sign in the air on the street?!?!?? oh boy....

***
Talking to a stubborn moron like you is a waste of time but student loan forgiveness would help rectify the present unfairness of a system where the sons and daughters of the wealthy can go to college on mommy and daddy's dime while the sons and daughters of the working and middle class have to go deeply in debt to do the same. Then after graduation the latter's economic situation is weighed down by the cost of paying off said debts while the former have no such handicap.

The whole thing is another way the economic system in the US is rigged against the working and middle class in favor of the wealthy and their spawn. You mentioned Amazon, but few people have the ability to get a quarter of a million dollars from their folks to open a business - your idea that the wealthy "work harder" is a sick joke.

EDIT: The median weekly earnings for someone with a high school diploma was $930 in 2024, while a college grad earned $1543. https://www.bls.gov/careeroutlook/2025/data-on-display/education-pays.htm

Thus it is economically disadvantageous not to go to college but costs for such an education have almost doubled the inflation rate since 1980. https://www.in2013dollars.com/College-tuition-and-fees/price-inflation/1980

Thus, working and middle class kids are forced to go into heavy debt now averaging $28,950 owed per borrower. https://www.forbes.com/advisor/student-loans/average-student-loan-debt-statistics/

That is a heavy burden for these educated people to carry at the beginning of their careers that the sons and daughters of the wealthy need not worry about.

EDIT2: And this isn't even taking into account the obvious positive externalities that a well-educated populace gives a nation. https://theeconosphere.com/the-role-of-education-as-a-public-good-with-positive-externalities/

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@no1marauder said
Talking to a stubborn moron like you is a waste of time but student loan forgiveness would help rectify the present unfairness of a system where the sons and daughters of the wealthy can go to college on mommy and daddy's dime while the sons and daughters of the working and middle class have to go deeply in debt to do the same. Then after graduation the latter's economic ...[text shortened]... ion. https://theeconosphere.com/the-role-of-education-as-a-public-good-with-positive-externalities/
Pearls before swine, truth means nothing to him.

He's a Trump baby, being kept stupid by design.


@AverageJoe1 said
What exactly means the ubiquitous word ‘forgiven’?
You know, if you are going to post in a Debates forum, the very least you could do is buy a dictionary so that you can (sort of) keep up.