The Soapbox

Los Angeles Hoo

Joined: 03/05/2014 Posts: 19559
Likes: 29816


Tax cuts don't need to be "paid for". Spending needs to be paid for...


...You are arguing that deficit spending is a problem -- I agree -- but that is a spending problem, not a tax problem. If you don't have the money, then don't spend the money, period.

Tax cuts reduce inflation longer-term by increasing supply and/or lowering costs. Businesses produce goods to make a profit. They have a cost of capital, and their hurdle rates (profitability) must exceed that cost. If taxes are cut, then the after-tax returns increase for producers, which incentivizes lower prices, greater supply or both. That's how tax cuts reduce inflation.

As for COVID regs, I'll give you a few examples. My wife has a volunteer position. Every week, she must get COVID-tested despite the fact that 1) COVID isn't dangerous generally speaking, 2) she's vaccinated and 3) she has natural immunity from prior infection. This testing policy is fucking insane. But aside from that insanity, someone has to pay for the cost of those tests, and both she and whoever is doing the testing has to spend valuable time to perform this theatrical ritual. Both are net drags on the economy -- it's literally wasting time and money. Another example are COVID vaccine requirements for employment, which have driven an unknown, but significant, number of people out of the labor force, thus reducing supply. That drives up labor costs and/or reduces supple. A third example are protocols related to cleaning. Every time we go to a hotel, airport, cruise ship, whatever, we see signs stating that some special bullshit was done to "sanitize" the area. Who cares? It's unnecessary from a health perspective, but the theater must go on at God knows what cost. Again, we're burning money.

Multiply shit like I've described across all businesses, transactions, etc., and you can see why regs related to COVID theater are hamstringing the economy. All of it should be terminated immediately.

(In response to this post by CMUHoo)

Posted: 05/19/2022 at 4:13PM



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Current Thread:
 
  
Dow 1/21/21 - Close 31,188. Dow this AM - 31,129. -- Hoodafan 05/19/2022 09:35AM
  Excuse me, but his name is Brandon. ** -- DownTownHoo 05/19/2022 10:30AM
  What would you like him to do differently? -- CMUHoo 05/19/2022 10:11AM
  Prime example of Maslow's Law of the Instrument" -- The Grand WazHoo 05/19/2022 4:52PM
  Pretty much never unless... -- Los Angeles Hoo 05/19/2022 1:11PM
  Lol! Yep. That's the ticket. ** -- HoosWillWin 05/19/2022 12:00PM
  Your pat answer for every situation -- CMUHoo 05/19/2022 10:35AM
  My “pat answer” to starvation is to eat, just like my… -- Los Angeles Hoo 05/19/2022 12:18PM
  And when you're wrong, you're wrong. -- CMUHoo 05/19/2022 12:42PM
  It is absolutely never the case that any one set of solutions -- hoolstoptheheels 05/19/2022 10:55AM
  You should inflation-adjust those numbers, in which case... -- Los Angeles Hoo 05/19/2022 10:34AM
  My apologies, heels. ** -- Los Angeles Hoo 05/19/2022 1:10PM
  *** -- Los Angeles Hoo 05/19/2022 1:09PM
  31,167. Fake Nooz now! -- Hoodafan 05/19/2022 10:29AM
  Curses! Foiled again! -- hoolstoptheheels 05/19/2022 10:47AM
  TeLL uS wAt WoOD U DuE ** -- ryno hoo 05/19/2022 10:15AM
  Dow 2/14/20 - Close 29,398. Dow this AM - 31,129. -- Hoodeac 05/19/2022 09:54AM
  Not bad considering the circumstances. ** -- SixerHoo 05/19/2022 09:43AM
  Suck on that, Corporate AmeriKKKa!!!** -- ResistHoo 05/19/2022 09:38AM

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