For people that pay taxes, yes. That's why Mitch has it backwards. For people that don't, it is actually Socialism, but those are poor people, not rich.
The rich people are just getting their own money back.
If you think "tax breaks" are only for people who pay taxes, you need to do some research. There are millions of people in this country who don't pay a penny in taxes but get a check from the IRS every year for "earned income tax credits"
If you think I don't know the difference between tax breaks and welfare, you should maybe look through my post history.
Just because the left tries to change what words mean doesn't mean we have to use them. Tax breaks are tax breaks and welfare is welfare, and this is a tax break for people that pay taxes and welfare for those that don't.
The only reason I'm personally okay with it is because the government itself has been the cause of so many middle class and poorer people losing their jobs. Those people didn't quit because they didn't feel like working, the government told them to fuck off and stay home, so I'm okay with the government providing assistance.
What I'm not okay with is the government doing so while also still spending the same as it has in the past (which I'm not okay with in the first place anyway). We need to be cutting money from federal budgets to find the money for these checks, not just taking on more debt and devaluing our currency.
All these spending Bills money is Monopoly money from the printing presses of The FED; and most all taxes are just a "recirculation loop" to keep hyperinflation from hitting.
The US Dollar was devalued at least 25-33% in 2020 by The FED increasing money supply; so everyone not with easy access to 6+ figure income/loans/portfolios, lost 1/4 to 1/3 at least of their dinero's worth; those with 6+ figures have at least some % chance of treading water or maybe getting ahead. Like if a person portfolio or salary grew by 50% last year, they gained a few percent from the devaluation in real terms.
This is not the reality, the U.S. Dollar is down around 9% this year, and only because the economy sucked due to the lockdowns.
Currency is fake, always has been, always will be. what gives it value is people who use it in trade. Every single currency in the world is fake, which is why no country ever calls out the bullshit, because it would boomerang right back at them
The US Dollar is down around 9% relative to what? see that's the trick, what can it be compared to; since as you say is all the other stuff is fiat/fake currency too.
The only constant metric to measure against (in short version), is to compare the (total) supply of US Dollars. As everything else is a derivative of some function measured in pricing of US Dollars or other fiat currency; which like numbers in China have no way of being verified at all (aka circular logic or a feedback loop). And even by Nov the US Dollar supply was up 25-33% for the year equivalent in devaluation.
This is where the "other" major central banks and The FED have since 2009 agreed to all cheat together, so no one of them gets "punished" by one of the others having a more "honest" currency. Non-major banks/countries' currencies get more of the hammer since they're also not following the "rules" of Bretton-Woods as they should either; and tripple-suffer (even more real pricing inflation) if they don't have an honest taxation/fee collection system to vaccuum up some % of money as it moves around (sales tax, income tax, payroll tax, gas tax, DMV fees, etc etc.)
As soon as The FED stops printing full speed; everyone else will have their currencies (and economies) repriced... (and usually in history, this is a rapid downward repricing). Same for Commie China, will be hammered not just tripple exponental, but to the 4th, since they're still cheating by still pretty much pricefixing their currency to the USD.
For people that pay taxes, yes. That's why Mitch has it backwards. For people that don't, it is actually Socialism, but those are poor people, not rich.
The rich people are just getting their own money back.
If you think "tax breaks" are only for people who pay taxes, you need to do some research. There are millions of people in this country who don't pay a penny in taxes but get a check from the IRS every year for "earned income tax credits"
If you think I don't know the difference between tax breaks and welfare, you should maybe look through my post history.
Just because the left tries to change what words mean doesn't mean we have to use them. Tax breaks are tax breaks and welfare is welfare, and this is a tax break for people that pay taxes and welfare for those that don't.
The only reason I'm personally okay with it is because the government itself has been the cause of so many middle class and poorer people losing their jobs. Those people didn't quit because they didn't feel like working, the government told them to fuck off and stay home, so I'm okay with the government providing assistance.
What I'm not okay with is the government doing so while also still spending the same as it has in the past (which I'm not okay with in the first place anyway). We need to be cutting money from federal budgets to find the money for these checks, not just taking on more debt and devaluing our currency.
All these spending Bills money is Monopoly money from the printing presses of The FED; and most all taxes are just a "recirculation loop" to keep hyperinflation from hitting.
The US Dollar was devalued at least 25-33% in 2020 by The FED increasing money supply; so everyone not with easy access to 6+ figure income/loans/portfolios, lost 1/4 to 1/3 at least of their dinero's worth; those with 6+ figures have at least some % chance of treading water or maybe getting ahead. Like if a person portfolio or salary grew by 50% last year, they gained a few percent from the devaluation in real terms.
This is not the reality, the U.S. Dollar is down around 9% this year, and only because the economy sucked due to the lockdowns.
Currency is fake, always has been, always will be. what gives it value is people who use it in trade. Every single currency in the world is fake, which is why no country ever calls out the bullshit, because it would boomerang right back at them
The US Dollar is down around 9% relative to what? see that's the trick, what can it be compared to; since as you say is all the other stuff is fiat/fake currency too.
The only constant metric to measure against (in short version), is to compare the (total) supply of US Dollars. As everything else is a derivative of some function measured in pricing of US Dollars or other fiat currency; which like numbers in China have no way of being verified at all (aka circular logic or a feedback loop). And even by Nov the US Dollar supply was up 25-33% for the year equivalent in devaluation.
This is where the "other" major central banks and The FED have since 2009 agreed to all cheat together, so no one of them gets "punished" by one of the others having a more "honest" currency. Non-major banks/countries' currencies get more of the hammer since they're also not following the "rules" of Bretton-Woods as they should either; and tripple-suffer (even more real pricing inflation) if they don't have an honest taxation/fee collection system to vaccuum up some % of money as it moves around (sales tax, income tax, payroll tax, gas tax, DMV fees, etc etc.)
As soon as The FED stops printing full speed; everyone else will have their currencies (and economies) repriced... (and usually in history, this is a rapid downward repricing). Same for Commie China, will be hammered not just tripple exponental, but to the 4th, since they're still cheating by still pretty much pricefixing their currency to the USD.
What’s it called in regards to the people who pay the majority of taxes but don’t get $2000?
Theft.
Come on man, give me a hard one.