Lion of the Blogosphere

Why do we need tax reform?

with 33 comments

Commenter ughface writes:

Honestly: why does everything hinge on tax reform? In fact, why is tax reform even marginally important? If taxes stayed exactly the same as they are this year, and were last year, I think most people would be happy with it. But if its ‘reformed’ (whatever that means), and the average Trump voter saves a few hundred dollars a year, they won’t even notice.

If the wall gets built, 50 million Trump voters will be extremely happy, and the country would be fundamentally transformed.

Tax reform is almost irrelevant. I don’t know why it’s even an issue to be discussed at all, much less labelled that upon which everything hinges.

Written by Lion of the Blogosphere

September 14, 2017 at 11:09 am

Posted in Immigration

33 Responses

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  1. Trump is frustrated he hasn’t passed anything and tax reform is probably the easiest bill to pass, since the GOPe and Dems are against everything that’s actually important.

    Richard

    September 14, 2017 at 11:13 am

    • Yup, this is right. Tax reform gets the Muh Taxes! side of the GOPe on board. Those cucks are always ready to deliver more tax savings to the rich people that hate their guts. And let’s be real: the end result of this will be more savings for the rich, and maybe a paltry handout to the struggling middle. The poor don’t pay taxes anyway, so who cares.

      I could get behind tax reform if Trump were proposing massive taxes on income above, say, $250M a year (e.g. 90% on every dollar over that), and also a large, confiscatory wealth tax (say, 10% a year on all wealth over $1B). I could also get behind pink unicorns that poop out gold bricks, which is more likely to happen than confiscatory taxes on the rich.

      peterike

      September 14, 2017 at 11:39 am

      • It’ll require more debt which has to be financed by people overseas reinvesting all the money they get from us on trade. It’s completely unsustainable and destroying this countries economy.

        Magnavox

        September 14, 2017 at 1:10 pm

      • “The poor don’t pay taxes so who cares”. They will end up getting more of a “refund” than they get already. The middle income guy without kids will get screwed here..getting little or no tax savings.

        Jay Fink

        September 14, 2017 at 2:06 pm

    • No, the easiest bill to pass is the DREAM Act and that’s what Trump really wants.

      owentt

      September 14, 2017 at 12:47 pm

  2. A couple hundred wouldnt matter much but a couple thousand would.

    Jack

    September 14, 2017 at 11:19 am

  3. “If the wall gets built, 50 million Trump voters will be extremely happy, and the country would be fundamentally transformed.”

    We already have a fence on most of the section of the border that are easily to cross. Replacing the fence with a wall is not going to “fundamentally transform” the country. It would actually make almost not difference.

    Around half of illegals in the US today overstayed their visa. They entered the country legally but just didn’t leave. Mandatory e-verify for all employers would be a step in fundamentally changing the country, but the wall would only be a symbol.

    mikeca

    September 14, 2017 at 11:22 am

    • “Replacing the fence with a wall is not going to “fundamentally transform” the country. It would actually make almost not difference.”

      Which is why Israel wastes its time building walls. Which is why Hungary quite successfully stopped migrant inflows with a wall. Which is why India is putting up a wall to stop Bangladeshi incursion. Walls work.

      You cucks have to stop with the “teh wallz cantz stop immigrantz!” nonsense.

      “Mandatory e-verify for all employers would be a step in fundamentally changing the country, but the wall would only be a symbol.”

      True, we need e-verify too. You know what else we need? Symbols. That stupid poem on the Statue of Schmaltz has served as a fantastically effective symbol/weapon for decades now in persuading sob sisters to keep the door wide open. A big, beautiful wall will be an extraordinary symbol that says “NO, we DON’T want you here.”

      peterike

      September 14, 2017 at 12:12 pm

    • It isn’t just a symbol. If, as you say, “Around half of illegals in the US today overstayed their visa” then the other half entered illegally across the border. So a wall would solve half the problem right there.

      The other thing it would do would be to free ICE to actually do something about the interior and visa overstays. Right now they are just running around at the totally open border.

      Hungary erected a double barrier / wall along more than 500 miles of its border in a few months and stopped migration cold. Illegal migration went from hundreds of thousands to zero. Their economy is less than 1% of ours (6/10 of one percent), so it would be trivial for us to do if we wanted to. We spend a trillion dollars on defense when for a tiny fraction of that we could do much to secure our country.

      After Hungary erected their wall, they were able to do something about the illegals in their interior, which they did next.

      Dan

      September 14, 2017 at 12:42 pm

      • Hungary put up a fence, not a massive wall. And it works well. Hungary also has an easier time of it because it is a transit country, not a final destination. The real point is you don’t need a massive wall if you have the will to implement the law and fund the ICE. But Trump’s wall will be useless theatre as long as employers aren’t punished for hiring illegals. A wall is not a symbol of resolve, it is an admission of failure.

        Peter Akuleyev

        September 14, 2017 at 3:09 pm

    • From Wikipedia on the Hungary border wall:

      “Attempted border entries have fallen since the barrier was constructed. During the month of September 2015 there was a total number of 138,396 migrant entries, and by the first two weeks of November the average daily number of intercepted migrants decreased to only 15”

      So a 99.98% reduction in illegal entries. The line that walls don’t work is basically totally false. Israel’s wall has been extremely effective at protecting its people.

      Hungary’s fence with Serbia took two months and cost $106 million for 100 miles. Presumably ours would cost a lot more per mile, but it would be worth it at 10x the cost.

      Dan

      September 14, 2017 at 1:00 pm

    • Lots of states have mandatory every and they just don’t enforce the law.

      Magnavox

      September 14, 2017 at 1:11 pm

    • Hungry had no border barrier at all and they put up good fences. Combined with aggressive enforcement that drastically reduced illegal entry into Hungry.

      The US Mexican border was wide open in 1990, but it is not today. The Secure Fence Act of 2006 called for the construction of 700 miles of fences on the most frequently used sections of the border. The fence is a series of physical barriers and in some places there are so called “virtual fences”, a lot sensors to detect people crossing.

      There still are problems with illegals climbing over the fence, tunneling under the fence or using boats in the Pacific or Gulf of Mexico to go around the fence. Building a wall to replace the fence would have a tiny effect on reducing immigration, if it had any effect at all.

      mikeca

      September 15, 2017 at 11:32 am

      • And why did Israel build a wall?

        Magnavox

        September 15, 2017 at 9:43 pm

  4. The idea seems to be that a tax cut would stimulate hiring. Not sure that’s true; the C-suite people may just pay themselves more.

    JA

    September 14, 2017 at 12:37 pm

  5. I’m more concerned about regulatory reform than tax reform. I wouldn’t mind tax reform. By all means, simplify the tax code and bureaucracy. But I don’t want to lower taxes on the super rich. If anything I want to raise them. Raise their capital gains rate and get rid of the loop holes. And rape the foundations they’re using to manipulate the country.

    Regardless, my priority is national security. I consider immigration to be our biggest national security threat followed by trade deficits, china and islam. If Trump sells out on immigration to get tax reform then I’m done with him.

    destructure

    September 14, 2017 at 12:40 pm

    • I thought the Congress intended to keep any tax reform revenue neutral. I that’s the case, than I’m in favor of tax reform since there is plenty to reform in the tax code. But I don’t want to drop revenue and run up the deficit for no reason.

      Mike Street Station

      September 14, 2017 at 10:04 pm

  6. If you need or want more money, don’t expect to get it from the tax reform. You gotta launder your earning and avoid paying taxes. To do that you gotta have an occupation which allows you to do that. Neither a couple of hundred, nor a couple of thousands will make any difference to a working guy. My Tajik gets $2,300 a month in section 8 and $750 in foodstamps. This plus Medicaid is equal to $50,000. So a guy overstays his visa, brings his family over and gets all this money. So what is anyone gonna do about it? Nothing so far. So I say: to hell with Democrats, Republicans, Trump and the tax reform. This is madness, I’m gonna do whatever I need to do to survive. If my Tajik and his family, whom I personally like and have nothing against, can get $50,000 a year from the government, the government can go to hell! This is a jungle warfare out here and you gotta fight for your place under the sun. This is very simple. Lion, stop writing stupid posts about tax reform.

    I’m just very mad right now, because I have a 10 mile race in 10 days and I wasn’t able to train properly. All because of the stupid government that forces me to do all these gigs instead of training and showing good time.

    Yakov

    September 14, 2017 at 12:42 pm

    • “My Tajik gets $2,300 a month in section 8 and $750 in foodstamps. This plus Medicaid is equal to $50,000. So a guy overstays his visa, brings his family over and gets all this money. So what is anyone gonna do about it?”

      Totally absurd. We are the United States of Chumpistan. What is anyone gonna do? Well if it were me, I’d have him executed and his head put on a pike outside the welfare department as a warning to others. But it’s not me.

      peterike

      September 14, 2017 at 5:00 pm

      • Wrong solution! It’s not the poor Tajik, who shouldn’t be executed, but the politicians, who had created this disaster.

        Yakov

        September 14, 2017 at 5:58 pm

      • We’re also effectively subsidizing a bunch of rich New Yorkers AC because they don’t have to pay the prices that would give their installer a living wage. Yakov is also benefitting from this.

        Magnavox

        September 14, 2017 at 10:25 pm

      • Magna, you don’t have to be a rocket scientist to figure this out. But the tragedy is that the normal working people can no longer afford our work. Many homes that had central AC 30 years ago can’t afford to replace their systems. This is a tangible example of the pauperiztion of the working class. This is sad and heart breaking. For example, a five ton split central system costs $12,000 to $15,000. Basically I need to make $1,000 a day and $250 for my worker. This comes out reasonable, but working people can’t pay it. I gladly give free advice to these folks on what they can do on their own to be comfortable. And why not? They should be comfortable. For example, a guy installed a single zone ductless unit himself, I was willing to do a vacuum and a start up for him for $200. It’s a waste of my time, but I just felt sorry for him and he realy didn’t have $1,200 for me to do it. This is injustice, on my opinion, and I set it right when I can.

        Magna, how many times do I have to tell you that we are engaged in a Darwinian struggle? I’m gonna benefit one way or another. I’m gonna make it because my genes are active and strong. Stop counting my money, worry about your own. The illegals and the welfare recipients aren’t gonna live better then me and I’m not gonna give them a penny, if I can only help it.

        You have a good night now.

        Yakov

        September 15, 2017 at 12:45 am

      • Parasites like yakov are the ones whose heads need to go on a pike. Shamelessly screwing a country they invaded, as long as americans tolerate garbage like yakov they can expect the decline into the third world to continue.

        Mad hatter

        September 15, 2017 at 8:03 am

      • @Mad hatter.

        You are irrational and detached from reality and this is unfortinate. The country has been practically lost while you were doing what exactly? You are impotent and helpless and in your weakness you lash out at people, who are not, without having any realistic solution yourself.

        Listen here and try to wrap your head around it. It’s very simple, but apparently you and Magna just can’t get it. Nobody, and 99% plus is statistically nobody to me, volunteerly declares cash income. The only person on this blog that ever said that he would was JS. If this isn’t very simple, what is? For example, do you think that American trappers went there and declared every beaver skin they got? This is so simple that I’m gonna just give up on you guys, if you continue with this drivel. Wake up already!

        Instead of two of us doing a deal on AC installation, which you are the one benefiting from mostly, you want to pay more in order to give money to the government? Your are mad, truly mad! Go give your money to the government, why don’t you? Who stops you?

        Here, I got this lawer, who gets his girl into college and rents her a room in one of this yuppie places in Williamsburg. He wants to install a unit in her room so that she should be comfortable and have independent cooling and heating during those four years. The whole thing cost him, $2,500. I worked a whole day on it and made $1,250. I did it without a helper, so I took the helpers money and added to mine and this is how I got this excellent price for the customer and myself. The customer was happy, the girl was happy, the landlord was happy, I was very happy. Now, how much would I need to charge the girl’s dady, if I’m to give the government a cut? I don’t even know, but a lot! So if you are a customer, here I’m giving YOU a tax break! No Congress and no president can do for you what I can. This is no different then trapping a beaver and not declaring it 400 years ago. Today it AC or whatever, and then it was a warm beaver coat, or glove or a hat to keep a mad hatter warm. This is completely intuitive and if you don’t get it without ANY explanation, you are not fit for the evolutionary sttrugle.

        Yakov

        September 15, 2017 at 11:03 am

  7. The US is a high business tax jurisdiction. I don’t think anybody really gives a shit about changing personal tax rates, but the current tax regime is absolutely keeping jobs and capital offshore.

    bobbybobbob

    September 14, 2017 at 1:12 pm

  8. Trump will trade DACA and wall for tax cuts.

    The border wall is important, the “fence” is a joke obviously.

    But Trump and Cohn are drooling over tax cuts as you would expect.

    Ann Coulter is in full meltdown mode on twitter now.

    Rifleman

    September 14, 2017 at 1:44 pm

  9. As others have mentioned he is doing tax reform because it is easy. However the formula of cutting taxes while not cutting spending will lead to fiscal disaster.

    Jay Fink

    September 14, 2017 at 2:08 pm

  10. Why do we need tax reform?

    To give money to rich plutocrats like Donald Trump and his numerous spawn.

    The Undiscovered Jew

    September 14, 2017 at 2:23 pm

  11. bannon is right that if trump delivers on his campaign promises he’ll be re-elected with a yuge popular majority.

    but trump has disappointed on his order of legislation. is it 12 dimensional chess?

    the legislative order should have been:

    1. immigration
    2. trade
    3. infrastructure
    4. taxes (slightly lower rates, no loopholes, labor is favored over capital, etc.)
    5. healthcare

    this is obvious.

    trump is playing 12 dimensional chess or trump is stupid.

    ron burgundy

    September 14, 2017 at 4:03 pm

  12. I’ve mentioned this here before but the reform with potentially the biggest long term impact would be to remove the foreign savings loophole which incentivizes foreigners to park their cash in US securities markets tax free. There is big money in this and it may be one of the last crutches holding up the dollar’s reserve status. I have no idea if this reform is being discussed, probably not.

    It would be ugly no doubt, but a cleansing fire of dollar hyperinflation would solve so many of our structural problems as a society. The health care, education and FIRE bubbles would burst, same with Silicon Valley. Debt (but also savings) would be erased. The federal government would become budget constrained at the risk of real price inflation. The military empire would be severely curtailed. Production and manufacturing would be core of the economy. Make-work jobs would disappear and thus women would become economically dependent upon men again. Ahh, if only.

    Andrew E.

    September 14, 2017 at 4:57 pm

  13. Why do we need tax reform?

    So Republican congress-persons can think they’re slick and tricking the Dems by writing a couple of new “loopholes” for Big Business.

    E. Rekshun

    September 14, 2017 at 6:15 pm

  14. Tax reform is important because it will insure that the government has less funding that it can use to destroy our civilization. Also the less money the government has, the sooner it will grow broke and realize that the ever growing welfare state is unsustainable.

    DataExplorer

    September 15, 2017 at 6:33 am

    • “Starve the Beast!”

      E. Rekshun

      September 15, 2017 at 7:49 pm


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