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Even if this would be a flat cut across the board who do you think would benefit more from this cut, proportionally? A family with 100K income taxed at a flat rate of 35% or a family with 100,000K taxed at the same rate? Who would save more money from a tax cut in this scenario?

How are low and middle income households harmed in this scenario?

You do understand why tax rates should be progressive, right?

I know you just learned what progressive taxes and tax cuts are and are excited to use it, but you’re far from an expert.

You have seen that this administration is currently cutting agencies related to consumers protection and state management, right? Are you living in the same reality as all of us or are you living the MAGA dream?

If the cfpa was serious about its job they would not have spent more in renovations than all the rest of federal government, or pass on any of the fines it imposed against lenders to the people they harmed. They are helping themselves not consumers.

Once more you don’t understand the concept of soft power. If you think that cutting spending abroad will benefit the USA while China and Russia keep on spending on developing countries to entrench their politics in these parts of the world you are even stupider than what you sound like

There’s no ROI on usaid money so getting rid of it won’t hurt the US. ie giving you $1000 won’t make you conservative. To do that I’d need to teach you work ethic, accountability, self reliance, maybe a trade, and a whole bunch of self confidence, then maybe you would be more focused on things you can do to improve your life instead of what others should do for you.

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FabioTheNewOrder@lemmy.world ⁨6⁩ ⁨days⁩ ago

How are low and middle income households harmed in this scenario?

Once again, less revenues for the government, less resources to be shared among low and middle houseolds, even less public spending available for services mainly used by low and middle income houseolds. Proportionally those who save more money are the ones who have more money to be taxed. A 50$ difference in tax payments for a low income houseold does not hit like saving 1.000$ or 10.000$ for higher incomes if you also loose those services and benefits you received while you were paying those extra 50$ tax.

If the cfpa was serious about its job they would not have spent more in renovations than all the rest of federal government, or pass on any of the fines it imposed against lenders to the people they harmed. They are helping themselves not consumers.

We’ll see how you’ll like price gauging, cartels and lowe safety and quality standards on the goods produced in the USA without any agency enforcing the law against these practices. I mean, if you like lead in your cereals because metals are good for you, enjoy. We’ll see how you like corporations whose only goal is the returns for their shareholders and not consumers’ satisfaction.

There’s no ROI on usaid money so getting rid of it won’t hurt the US. ie giving you $1000 won’t make you conservative. To do that I’d need to teach you work ethic, accountability, self reliance, maybe a trade, and a whole bunch of self confidence, then maybe you would be more focused on things you can do to improve your life instead of what others should do for you.

The fact that those investments do not produce any goods does not mean that there is no ROI. It’s called “influence” and has a huge impact on your trades and relationships with the rest of the world, like it has in your personal life where personally knowing someone and having a good relation with that person can affect how they treat you in a business scenario. But once more you struggle to understand this concept, maybe it’s not me who’s the one having no human interactions in his life between the two of us?

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- jimbolauski@lemm.ee ⁨6⁩ ⁨days⁩ ago
  
  Once again, less revenues for the government, less resources to be shared among low and middle houseolds, even less public spending available for services mainly used by low and middle income houseolds. Proportionally those who save more money are the ones who have more money to be taxed. A 50$ difference in tax payments for a low income houseold does not hit like saving 1.000$ or 10.000$ for higher incomes if you also loose those services and benefits you received while you were paying those extra 50$ tax.
  
  Once again a drop in revenue does not mean any of those services are being cut. On top of that if the tax cuts are not renewed the exact thing your hypothetical situation will happen. The government will be taking much needed money from low income families.
  
  We’ll see how you’ll like price gauging, cartels and lowe safety and quality standards on the goods produced in the USA without any agency enforcing the law against these practices. I mean, if you like lead in your cereals because metals are good for you, enjoy. We’ll see how you like corporations whose only goal is the returns for their shareholders and not consumers’ satisfaction.
  
  Your ignorance of economics is showing, price gouging doesn’t work in a healthy economy. Then your ignorance of the assortment of agencies besides the useless cfpa that are not being targeted that perform consumer protection is long.
  
  The fact that those investments do not produce any goods does not mean that there is no ROI. It’s called “influence” and has a huge impact on your trades and relationships with the rest of the world, like it has in your personal life where personally knowing someone and having a good relation with that person can affect how they treat you in a business scenario.
  
  Influence would be return on investment, countries learned long ago that usaid money didn’t have stings attached. Countries that don’t play ball still get pallets of cash.
  
  But once more you struggle to understand this concept, maybe it’s not me who’s the one having no human interactions in his life between the two of us?
  
  It’s funny that a someone who thinks flinging feeces is a form of communication would claim others don’t know how to interact.
  
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