Comments by "" (@JohnDoe-ew3xt) on "Joe Concha: This officially marks the end of the Biden presidency" video.
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@imaseeker100 yes, and as I stated, we just passed a trillion dollar infrastructure bill!!!!!!!!!!!!!!!! and I know I'm just a simple minded guy compared to folks such as yourself, but may I point out the circular stupidity of your plan?? you talk as if this spending creates jobs and "wealth"! it does not! I'll keep it simple for the simple minded. so, we, you and me, taxpayers, invest in infrastructure. (I assume you mean with tax money from the beginning) that creates good paying jobs who then pay taxes on their income and buy stuff. the government (you and me - not really, but ok...) get some of the money back in tax revenue. now lets put some numbers to this, shall we? lets say we start with the $1bil dollar plan that was just passed last month. lets suppose 100% of that goes to salaries (these good paying jobs). of that, assume 40% in income tax, and another 10% states/sales tax. so the gubbermint gets 50% of that trillion back ($500bil). so now what? invest in infrastructure, that creates good paying jobs, that generates tax revenue?? ok, let's do that... now the gubbermint spends that $500bil in infrastructure. lets suppose 100% of that goes to salaries (these good paying jobs you talk about). of that, assume 40% in income tax, and another 10% states/sales tax. so the gubbermint gets 50% of that $500bil back (250bil). so now what? invest in infrastructure, that creates good paying jobs, that generates tax revenue?? ok, let's do that... now the gubbermint spends that $250bil in infrastructure. lets suppose 100% of that goes to salaries (these good paying jobs you talk about). of that, assume 40% in income tax, and another 10% states/sales tax. so the gubbermint gets 50% of that $250bil back($125bil)... are you starting to notice a pattern here skippy? the gubbermint doesnt create anything by giving money that is taken from the people, back to the people. it generates 0 wealth! you people talk as though the gubbermint creates jobs and paychecks out of thin air! then these great paychecks generate tax revenue.... the money for these great paying jobs must first be taken from the people! you want to take money from people, then give it back to them in the form of a paycheck, less more taxes of course!!!! and you think you are doing these people a favor??? good grief....
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