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socialist policies / actions during the Trump presidency

Discussion in 'BBS Hangout: Debate & Discussion' started by adoo, Mar 13, 2020.

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  1. adoo

    adoo Member

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    the most glaring egs have been
    • imposition of tariffs on imports,
    • gov't handouts to farmers who're hurt by the trade war
    most recent egs, in response to the CoronaVirus pandemic, so far in 2020 include
    • the Federal Reserve cutting interest rate by 1/2%
    • fiscal stimulus, being negotiated between the WH & Congress, to combat the spread of Corona Virus
      • free testing
      • pay leave
      • no payroll tax
      • etc
     
    #1 adoo, Mar 13, 2020
    Hakeemtheking, Nook and REEKO_HTOWN like this.
  2. Andre0087

    Andre0087 Member

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    I don't think the payroll tax should be cut but I'm fine with everything else.
     
    #2 Andre0087, Mar 13, 2020
  3. REEKO_HTOWN

    REEKO_HTOWN I'm Rich Biiiiaaatch!

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    It's only socialism when democrats do it.
     
    #3 REEKO_HTOWN, Mar 13, 2020
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  4. adoo

    adoo Member

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    what is ur issue w it ?
     
    #4 adoo, Mar 13, 2020
  5. Andre0087

    Andre0087 Member

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    This pretty much explains it...

    What a payroll tax cut could mean for Social Security, Medicare and consumer spending

    That’s because this economic slowdown is being driven by a fear of a disease, rather than a financial recession.

    “Nobody wants to go on a cruise, nobody wants to go on a long airplane flight,” Gleckman said. “If you put another $20 in their pockets, they’re still not going to go on a cruise and they’re still not going to go on a long airplane flight.”

    What’s more, a payroll tax cut would only benefit those who are currently working.

    “If you get laid off or can’t work, then it doesn’t help you at all,” Gleckman said.

    https://www.cnbc.com/2020/03/11/how-a-payroll-tax-cut-could-impact-social-security-and-medicare.html
     
    #5 Andre0087, Mar 13, 2020
  6. fchowd0311

    fchowd0311 Member

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    No one hardly notices a decrease in pay roll taxes as it is a slow trickle. Cutting pay roll taxes also disproportionately helps more wealthy people while not really benefiting the lower middle class and poor.
     
    #6 fchowd0311, Mar 13, 2020
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  7. adoo

    adoo Member

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    minimum wage workers would feel the most economic impact of the PR tax cut.



    u mean to say in absolute of dollars, but not in terms of the % of take home pay
     
    #7 adoo, Mar 13, 2020
  8. DaDakota

    DaDakota Balance wins
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    Trump and the GOP are hypocrites.....not a surprise.

    DD
     
    #8 DaDakota, Mar 13, 2020
  9. fchowd0311

    fchowd0311 Member

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    And absolute dollars matter. Poor people don't get discounts for being poor when doing things such as paying gas and groceries.
     
    #9 fchowd0311, Mar 13, 2020
  10. adoo

    adoo Member

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    do u understand what "% of take home pay" means ?

    in that connection, a minimum wage worker's take home pay is feels the econ impact more
     
    #10 adoo, Mar 13, 2020
    Last edited: Mar 13, 2020
  11. adoo

    adoo Member

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    u do know that there is a cap of the salary that is subject to payroll tax.

    typically, the salary of a Corp CEO is
    more than 100 X the cap​

    btw, most wealthy folks make their $ from investments which are not subject to payroll tax
     
    #11 adoo, Mar 13, 2020
    Last edited: Mar 13, 2020
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  12. DonnyMost

    DonnyMost Member

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    [​IMG]
     
    #12 DonnyMost, Mar 13, 2020
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  13. KingCheetah

    KingCheetah Atomic Playboy
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    [​IMG]
     
    #13 KingCheetah, Mar 13, 2020
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  14. adoo

    adoo Member

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    the B word:

    https://www.politico.com/news/2020/03/14/trump-coronavirus-industry-stimulus-129216

    The sudden and precipitous shutdowns across the economy are forcing the Trump administration and lawmakers to contemplate which industries need targeted rescues —
    to keep them from collapsing entirely — and which can get by with broader support for struggling workers across the nation.

    While lawmakers consider an immediate aid package for workers hashed out by Democratic leaders and the White House, Trump and his aides have been meeting with business leaders and industry groups to design an aid package — through tax relief and emergency loans — for the corporate sector, including airlines and hospitality industries
    ​
    so, the Trump hotels / resorts will be benefiting from a Govt bailout, socialism at work
     
    #14 adoo, Mar 16, 2020
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  15. No Worries

    No Worries Member

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    The electorate punished the Democrats for the bailouts of the 2009-2010 Financial Crisis.

    I'm curious if the same will happen here against the Republicans. I suspect not.
     
    #15 No Worries, Mar 16, 2020
  16. adoo

    adoo Member

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    in addition to the $2 Trillion Gov't relief, awa the Fed effecting a zero interest rate environment, the socialist-in-chief
    is calling for for more socialistic spending
    ​
     
    #16 adoo, Mar 31, 2020
    Last edited: Mar 31, 2020
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  17. FranchiseBlade

    FranchiseBlade Member
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    Yes, once again we see that people like @cml750 and others aren't really upset by socialism. They are only upset when people use the name 'socialist' to describe themselves.
     
    #17 FranchiseBlade, Mar 31, 2020
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  18. adoo

    adoo Member

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    https://www.politico.com/news/2020/04/01/trump-obamacare-coronavirus-160732

    President Donald Trump said he is considering using federal programs like Medicare and Medicaid to cover the rising ranks of the uninsured after
    his administration decided it would not reopen the Obamacare insurance markets to address the coronavirus crisis.
    ​
    effectively, the Trump admin is promoting, Bernie Sanders' "medicare for all" idea
     
    #18 adoo, Apr 3, 2020
  19. JuanValdez

    JuanValdez Member

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    Trump's the greatest socialist president we've had since FDR. How ironic.
     
    #19 JuanValdez, Apr 3, 2020
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  20. Bandwagoner

    Bandwagoner Member

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    Trump is a life long NYC Democrat. Not sure why anyone is surprised.

    The thing that surprises me is how much blow back coming from the left when he is taking over industry and spending years of gov budget.
     
    #20 Bandwagoner, Apr 3, 2020
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