Comments by "Archangel17" (@MDP1702) on "What Does Le Pen Actually Plan To Do? - TLDR News" video.
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@UCRCGpyFupwLoWw5er5MmBeQ The result of raising and lowering taxes is not a zero-sum gain. You can lower taxes and increase government revenue.
The theory is that lower taxes increases productivity and thus income, but this takes time, longer than Trumps presidency. Any increase of the income due to the increased economy is an after effect of Obama era policies. Moreover time after time it has been proven that this trickle down theory holds no merit in the end.
He lowered taxes across the board which increased government revenue to the highest levels in US history at the same time lowering unemployment to the lowest levels in US history (before the pandemic).
The unemployment under Trump just followed the same trend already happening during the later years of the Obama administration. Moreover I believe under Trump the definition of unemployment as used by the government was also changed in his favor. The real unemployment under Trump right before the pandemic had just reverted to pre-2008 economic crisis levels, again, following the curve that started under Obama.
After the great depression, it also took around 10-15 years to revert back to normal levels.
Also if we compare 2016 Obama revenue vs 2019 Trump revenue, accounting for inflation, 2016 saw a greater revenue than 2019. Government revenue almost always increases year after year in absolute numbers due to an increase in inflation. If we compare it to the GDP, in 2019 government revenue was equal to 16,1% of GDP, while this was 17,4% in 2016. Moreover when we look at the deficit, Obama's deficit in 2016 was around $585 billion dollar, Trumps in 2019 was $984 billion. Even accounting for inflation or GDP increase it would be (a lot) higher under Trump.
Moreover Trumps tax cuts actually will automatically increase taxes for the middle class after few years, to a higher level than before, only keeping taxes for business lower than before.
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@dalibornovakovic93
1) this isn't at all going to bring in enough money, just a fraction of the needed funds.
2) people are not going to like that they work, but don't get any benefits/securities. Especially the highly educated workers are likely going to act on this and move to another country, and these are exactly the kind of immigrants you want to have.
3) If it were to save so much money (which again I seriously doubt), that also means a lot of people would lose benefits, which will cause great unrest. Even if we are very generous and say that on average such a person would lose around 20k in benefits annually (which is highly overexaggerated), we'd be talking about 2,5 million people losing benefits, or around 3-4% of Frances population. The yellow vests movement will be nothing compared to what this would cause. Even if I lower the total cost of Le Pen's program to 10 billion (which is even lower thna Macrons, so unlikely), we are talking about 500k people losing 20k annual benefits, that still is an insane number.
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