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Posted on 2/24/25 at 1:06 pm to texag7
I wish we were in a position to issue checks to people but we have far too much debt for that to make sense
Applying it to the debt is the kind of collective pain that we all have to suffer to get the country back on track
We’re not a stronger country if we all have an additional 5,000 in our pocket
Applying it to the debt is the kind of collective pain that we all have to suffer to get the country back on track
We’re not a stronger country if we all have an additional 5,000 in our pocket
Posted on 2/24/25 at 1:34 pm to texag7
Everyone’s a “conservative” until it’s time to get some free government money. Bunch of hypocrites here.
Posted on 2/24/25 at 1:35 pm to SlowFlowPro
quote:
The point of this $5k being available is that it's not supposed to go to any of those things you just listed. It's supposed to not be spent/go to the debt.
Compared to that scenario, it will cause inflation.
+1
Posted on 2/24/25 at 1:48 pm to BamaScoop
They give us enough money to spend, they give themselves enough money to buy assets and that is how they acquire wealth.
We are idiots for paying taxes into this system ever again!
We are idiots for paying taxes into this system ever again!
Posted on 2/24/25 at 1:50 pm to texag7
It will without a doubt cause inflation. More money in circulation the less the value.
Posted on 2/24/25 at 2:19 pm to RogerTheShrubber
Ok, you can read it for yourself on Twitter. This is straight from the guy who proposed it.
Based on $2 Trillion in savings. $400B divided by 79M taxpayers who pay more taxes than they get back.
Again, I would rather they pay it all to the debt.
James Fishback X post
Based on $2 Trillion in savings. $400B divided by 79M taxpayers who pay more taxes than they get back.
Again, I would rather they pay it all to the debt.
James Fishback X post
Posted on 2/24/25 at 2:31 pm to dkreller
quote:
How would it cause inflation?
Look at it in a supply vs demand way.
More supply and less demand = lower prices
More demand and less supply = higher prices.
Give everyone $5K and the demand for products go through the roof with people competing to get the low supply/ inventory of a whatever product.
Posted on 2/24/25 at 4:01 pm to cubsfan5150
quote:
You don't think putting $8K in the average tax payer's pocket to do as he/she pleased would tick up inflation?
It would if that’s all you did. The idea is that they would take at least that much out of circulation by reducing graft. If that was the case, then no, it would not increase inflation.
Posted on 2/24/25 at 4:02 pm to thunderbird1100
quote:
Most people either put it to savings or pay down debt back then because $600-$1400 wasnt much to do much else with.
The airports were PACKED with people of a type I had never seen before.
Posted on 2/24/25 at 4:10 pm to GumboPot
quote:
When your treasuries are due and you redeem them you have more cash on hand.
Yes, but if the money is matched by a reduction in graft then there is some political crony with less cash, thus inflation neutral.
Posted on 2/25/25 at 9:56 pm to BuckeyeGoon
I think also moving forward there needs to be a system where government spending is more transparent and taxpayers have more say. I don't know if it's something like we get to vote on certain expenditures over a certain dollar amount but this can't keep being done in secrecy.
I take it you don't understand then that we already have this system you describe in place, it is called Congress.
The way it works is this, you vote for who you want to represent you and then those people, there are 435 of them BTW, vote on fiscal matters.
To have national elections on individual funding bills would become unwieldly (means it would be extrememely difficult) real quick.
I take it you don't understand then that we already have this system you describe in place, it is called Congress.
The way it works is this, you vote for who you want to represent you and then those people, there are 435 of them BTW, vote on fiscal matters.
To have national elections on individual funding bills would become unwieldly (means it would be extrememely difficult) real quick.
Posted on 2/25/25 at 9:59 pm to SlowFlowPro
quote:
Compared to that scenario, it will cause inflation.
Do tax returns cause inflation every year?
Posted on 2/25/25 at 10:00 pm to dgnx6
quote:
Do tax returns cause inflation every year?
Moreso than if we didn't give tax returns, which is what you left out.
The point of DOGE is to target waste for the deficit/debt. The money saved isn't supposed to be circulated among the public, or else it's not savings.
What good does giving back that money do for our deficit-debt?
Posted on 2/25/25 at 10:01 pm to JacieNY
quote:
I take it you don't understand then that we already have this system you describe in place, it is called Congress.
A lot of people don’t know this.
It’s why when everyone in congress votes for something and posters get pissy, I remind them they voted for this because the person representing them voted for it. That’s how this works.
Posted on 2/25/25 at 10:03 pm to SlowFlowPro
quote:
What good does giving back that money do for our deficit-debt?
That’s what 20% of the supposed savings comes out to.
It’s not like they are taking all the excess and giving it back.
Is that what you thought?
Posted on 2/25/25 at 10:04 pm to dgnx6
quote:
That’s what 20% of the supposed savings comes out to.
It’s not like they are taking all the excess and giving it back.
100% should be going to the debt-deficit
quote:
Is that what you thought?
No. Nice diversionary ad hom attempt, though.
quote:
What good does giving back that money do for our deficit-debt?
Posted on 2/26/25 at 5:56 am to texag7
So you find out your tax money was being spent on something other than America or our debt and youre against getting money back from the government money laundering your hard earned money? WTF is wrong with you aggies
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