Trump Wants To Cut Taxes... All Just A Circle Jerk!

[Scataphagos]

Trump wants to cut payroll taxes and capital gains taxes.

Yeah, looks favorable in the short run... but we're running deficits EVERYWHERE. Cutting taxes now only increases shortfalls elsewhere and later. (Of course Trump's objective is to make stock markets/himself look good come November... but otherwise just "rearranging the deck chairs on the Titanic".)

One of these days, the world will come to acknowledge this "money printing" and "tax cuts which increase deficits" malarkey for what it is. THEN what do we do?

 

[Ricter]

Trump wants to cut payroll taxes and capital gains taxes.

Yeah, looks favorable in the short run... but we're running deficits EVERYWHERE. Cutting taxes now only increases shortfalls elsewhere and later. (Of course Trump's objective is to make stock markets/himself look good come November... but otherwise just "rearranging the deck chairs on the Titanic".)

One of these days, the world will come to acknowledge this "money printing" and "tax cuts which increase deficits" malarkey for what it is. THEN what do we do?

We don't borrow money in other nations' currency. And when we borrow we ensure it fits our debt profile and rollover schedule. That's Treasury's job. We are going to be ok. At least until Capital finds a new, shiny place to go. But such an economic scenario would also raise revenues. So, we are going to be ok.