Biden's Tax Plan

[NAOS]

Hey guis, triggle down econ really works emmk. So much evidence that would really change your life emmk.

 

[idestroyedthetoilet]

It seems to me it accelerated an already growing economy. I disagree with "picked up" because the economy was already up.

Gotcha. I assumed you knew there wasn't much acceleration, at least nothing a. statistically significant relative to the past 10-20 year q.o.q or y.o.y growth, and b. if there was acceleration (over Obama Era), it was nothing more than a brief blip. (There isn't much of a multiplier effect from giving money to people or entities that already have more than they want to spend. Hence the buybacks).

 

[idestroyedthetoilet]

There’s also the question of what exactly is being stimulated. An economy is defined by more than just quantities of wealth. For example, you could study an economy by looking at its dominant concepts, affects, or the way it reorients peoples’ perceptions. It’s for these reasons that it’s fair to question whether we all benefit from the “wealth effect”—and, if we do, for how long.

I was using wealth effect in the classical sense - the effect on aggregate demand.

 

[idestroyedthetoilet]

Something that I'm really excited for is the Biden 401k proposal. I've viewed the current 401k treatment as massively inequitable ever since I was I was enough to get one, most specifically how they are by and large an employer match.

 

[Beer]

Something that I'm really excited for is the Biden 401k proposal. I've viewed the current 401k treatment as massively inequitable ever since I was I was enough to get one, most specifically how they are by and large an employer match.

The whole idea of who your employer is determining how much you can save for retirement and how good your healthcare is seems asinine to me. It makes no sense.

 

[LogGrad98]

The whole idea of who your employer is determining how much you can save for retirement and how good your healthcare is seems asinine to me. It makes no sense.

The fact that your degree of wealth determines your access to even the most basic of health care is unbelievably ridiculous in the extreme, in any modern developed country especially.

 

[fishonjazz]

The fact that your degree of wealth determines your access to even the most basic of health care is unbelievably ridiculous in the extreme, in any modern developed country especially.

Capitalism!!!

Sent from my ONEPLUS A6013 using JazzFanz mobile app

 

[idestroyedthetoilet]

The whole idea of who your employer is determining how much you can save for retirement and how good your healthcare is seems asinine to me. It makes no sense.

Eh, I don't see that issue. Anyone can get a roth 401k easy enough. My issue is the regressive nature of it all. Too poor to save? No match. Don't make much and can't contribute maximum? Lower tax break today.

 

[NAOS]

General comment here:

I’m not sure whether I should be surprised that nobody on the right or center-right in this thread has acknowledged that it’s possible to overheat a strong economy.

And, to that point, there’s a long history of strong-man leaders who throw off the advice of the experts and overheat the economy with the hopes of securing their power in the short-term.

The praise Trump is given and the praise Trump receives on the economy is wildly overstated across the board.

 

[leftyjace]

Eh, I don't see that issue. Anyone can get a roth 401k easy enough. My issue is the regressive nature of it all. Too poor to save? No match. Don't make much and can't contribute maximum? Lower tax break today.

To be fair..,not everyone can get a Roth 401k easy enough.
Some employers don’t offer 401ks at all.
Some people make too much money to contribute to Roth anything.
And the differences between levels of employer match from company to company are pretty huge.

 

[Beer]

Eh, I don't see that issue. Anyone can get a roth 401k easy enough. My issue is the regressive nature of it all. Too poor to save? No match. Don't make much and can't contribute maximum? Lower tax break today.

I mean say I am able to donate 6% of my salary to my my 401k, and then just based of the company that hired me the next guy gets a 2% match, and another company the guy gets a 3%, and the next random company the guy gets a full 6% match. That ads up to a lot in the end. It's really weird.

Even more absurd with health insurance. One guy has a $800 a month premium and a $10,000 deductible, but the next guys is $400 a month and a $1,500, and next guys is fully covered and $0 deductible. All based off the chance they randomly get hired at a random place with random plans.

It is just as stupid as @The Thriller and @babe are.

 

[idestroyedthetoilet]

General comment here:

I’m not sure whether I should be surprised that nobody on the right or center-right in this thread has acknowledged that it’s possible to overheat a strong economy.

And, to that point, there’s a long history of strong-man leaders who throw off the advice of the experts and overheat the economy with the hopes of securing their power in the short-term.

The praise Trump is given and the praise Trump receives on the economy is wildly overstated across the board.

Why worry about something that's not remotely concerning?