Reply to National Fundraiser to Pay Down US Debt

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]You could get all the billionaires in the US to split the debt. [/quote]

Where are they going to get the money from?

You think they just have $100 bills stacked up in vaults?  LOL. No.

They're billionaires, which means their money is in the economy circulating through companies and organizations funding....wait for it...jobs.

Are you gonna dissolve the companies and lay everyone off to pay taxes? Good luck with that plan.

Jeezus, the understanding of macro economics on this site is atrocious.

But, I know. Everyone on DCUM is six feet tall and a multi-millionaire.  :roll: [/quote]

You think that same amount of money from paid by non-billionaires is less productive in the economy?

To the contrary, the non-billionaires are way more likely to spend that money into the economy, while billionaires are buying yachts and art and all sorts of non-productive assets with inflated prices.[/quote]

You’re always asking someone else to pay. Just not you.[/quote]

What a pathetic comeback.  All I did is cite a well-known principle of applied economics: that it makes a difference what the wealth is of the people who are impacted by a tax cut or increase.

Perhaps your understanding of macroeconomics is atrocious.[/quote]

This. Probably the most effective tax cut was the one people barely even noticed.

Obama slightly reduced FICA taxes after Great Recession. People got a tiny boost in their after tax income for a while.  So small not to notice but just enough that they spent it without contributing to inflation. [/quote]

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