Comments by "Charles Brightman" (@charlesbrightman4237) on "What would GOP tax reform 2.0 look like and when?" video.

  1. Many businesses now saying, "Where are the workers?" Well, why aren't those businesses paying more for those workers then? Supply and demand. When demand goes up for workers, that should have a tendency to have wages go up. Wages going up would cause businesses to pass those increases onto their customers, if they are able to, otherwise, it takes a bite out of those businesses profits, if they even have profits to take a bite out of. But for certain industries, (ie: fossil fuels, health care, etc), where the public is more dependent upon those industries, the public either pays those higher costs or does without if they are able to. For those that aren't able to, takes a bite out of other expenses they might have. And of course, any costs passed onto the consumer of goods and/or services, is inflation, which makes the customer's money lose buying power and not go as far. If inflation goes up, the FED steps in and raises interest rates, of which then costs more money to borrow money and many individuals and businesses have charge cards and/or a loan of some sort. So their costs go up, taking a further bite out of their money. And then on top of all that, the 6th mass extinction event has already started upon this Earth due to natural reasons and the economy is going to get worse, a lot worse, as people and businesses suffer and die sad to say. Such is life until life itself is no more. Nature is our greatest ally in so far as Nature gives us life and a place to live it, AND Nature is also our greatest enemy that is going to take it all away. (OSICA)
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  2. So, let's see: a. Trump gives America another tax cut. And who doesn't want to pay less taxes and have more money to spend for themselves? b. Government spending would have to decrease, and/or national debt increased, and/or the economy grows enough to cover the tax cut. c. But, since these tax cuts aren't phased in slowly over time, they create a larger influx of money into the economy, thereby potentially triggering inflation. Of which, inflation takes a bite out of the buying power that all citizens and business might have to deal with, not just those receiving the tax cut. d. The FED steps in and raises interest rates to help keep inflation in check. Of which, many if not most of citizens and businesses have either charge cards and/or loans of some sort. So now, those entities potentially have their money not go as far as before, even for those who didn't receive the tax cut. But some, even though they received a tax cut, potentially get a double whammy of higher costs to buy goods and services and higher costs to borrow money. And for those who didn't receive the tax cut, (the rich and poor in this case since this tax cut is targeted at the middle class), get screwed over. They didn't get a tax cut, but yet are still potentially stuck with higher costs due to inflation as well potentially higher costs due to it costing more money to borrow money. Now for the rich, they would most probably be able to absorb those costs, for the poor, not so much. The poor really get screwed over big time, of which they might need more government assistance, of which costs tax payer's more money. e. Why exactly do we have an idiot in charge of this nation? f. By putting money in at the lower end of the economy, in other words helping the poor financially, the poor for the most part spend that money in the economy, of which that money then gets re-spent possibly over and over again in a multiplier effect. The money still winds up going to the wealthy, but the poor are helped along the way, and we have a better nation as far as the poor not living and dying in the streets. g. But, with tax cuts like this, this nation doesn't really need more tax cuts. It's even like the tariffs. Helps certain industries while negatively impacting other industries. h. No wonder I guess why Trump had so many bankruptcies.
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