Comments by "bighand69" (@bighands69) on "Trump’s tax cuts won’t pay for themselves: David Stockman" video.

  1. You can tell Stockman has no clue as to what he is talking about. He says only accounting moves overseas. Tell that to the US manufacturing workers who have lost their jobs and watched them go overseas. When Obama came to office their was 85 million out of the work force and when he left office there is 97 million out of the workforce (I am not blaming Obama as he did not create all of the conditions).
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  2. Eisenhower created 7% growth through massive levels of tax cuts even Trumps tax cuts will not be as big as what Eisenhower did. And with that massive level of Growth Eisenhower turned a massive deficit into a surplus in a few short years. So put that idea into your head and mix it around.
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  3. Why should a higher earner pay 40% and a low earner pay 0%. Would it not be fair for a flat rate of say 20% so that the person who earns 1 million will pay $200,000 and a person who earns $40,000 will pay $8,000.
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  4. Unless it is full automation there will always need to be people employed such as engineers, technicians and production staff. Germany right now has massive levels of automation in their industry but they still employ lots of people.
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  5. When the US was formed as a country the government needed 5% taxation to survive. Today it is about 26% and guess what there still is not enough money and they create debt. Government needs to be reined in a little bit by ensuring it lives within its means. Spending almost 2.5 trillion a year on welfare is not exactly the wisest thing to be doing.
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  6. The New Deal destroyed America. It reduced the work force and lowered productivity on a scale not seen in America before. It was only when Eisenhower came to office and the congress reduced the effects of the New deal did America start to grow again. Eisenhower created 7% growth in America and turned a deficit into a surplus.
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  7. DO not need consumption taxes. The only time you would need consumption tax is when there is no income tax at all. The US government was designed to run on about 5% taxation but today they are near to 26%. If they cut it in half with about 13% they would still have enough money to run the military and all the other federal services. This could be done by cutting welfare in half still would leave welfare in place for the very sick and infirm so that they do not die on the street.
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  8. +alejandro quelude Under Eisenhower in the 1950s the effect top rate went from 40% down to 27%. A doctor working in the 1950s would have paid about 20% unlike the 40% today. And guess what there was 7% growth and the deficit was turned into a surplus.
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  9. You smell anther recession? There are currently 95 million Americans out of the work force. How come you did not smell that one. Tax cuts always work. There are three periods in American history of massive tax cuts. And this will be the fourth.
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  10. Eisenhower, JFK and Reagan all cut taxes and created massive levels of growth. There growth was so strong that it actually ended up putting the economy into a position that the deficit got smaller. Bush Jr cut taxes on one side but raised the on the other side through some very fancy finance hence the massive central bank credit bubble which started under clinton and accelerated under Bush.
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