Reply to Do Rep Voters Honestly Believe that the BBB Will Benefit Them?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Short term the bill will give me tax cuts, which means I keep more of my paycheck.  Also I don't understand the obsession on the left with billionaires getting tax cuts.  They are just going to pass down higher taxes to consumers or move their businesses and jobs overseas and so the whole point of tax cuts for them is to keep business here flowing through the US economy.

With that I agree with Musk that increased national Debt is not good and we should've stayed the course of trying to cut spending, even if the tax cuts aren't as generous.  This is a gamble that or may not pay off.

And finally im not at all convinced I would be any more pleased with a democrat sponsored bill if they were in power.  [/quote]

When money goes to the lower and middle classes, every dollar spent cycles through the economy ten times and grows our GDP. When wealth is consolidated at the top, the money is simply hoarded and doesn't benefit anyone but the billionaires. Giving billionaires a tax cut does nothing for the billionaires or the economy. Do you understand how much a billion dollars is? They are not doing anything extra with the hundreds of thousands in taxes they are not going to be paying. And for what? So seniors get kicked out of nursing homes and poor kids from Appalachia lose SNAP benefits. What is the value there?[/quote]

This analysis is garbage.  The rich have become richer in this economy. They have not become poorer. If your analysis were correct, their wealth would have fallen. You cannot even preserve capital in an inflationary economy without investing it, ie, putting it back into the economy in the form of stocks, acquisitions. Etc. [/quote]

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