Trump is my favourite comedian of the year already (25 Viewers)
- Thread starter tisza
- Start date
Brighton Sky Blue
Well-Known Member
This disgusting legislation has now passed the Senate and will return to the House. Trump’s dream of transferring huge sums of wealth to the ultra rich while killing what remains of the US welfare state is nearly come true
How bad does it have to get before people realise/admit they made a mistake in voting for him I wonder?
So many people are going to get utterly fucked over, it's going to be awful.
Sky_Blue_Dreamer
Well-Known Member
tisza
Well-Known Member
Just as insidious is the increasing control it gives to these corporations/big businesses these ultra-rich tend to own/control. Three investment companies between them have controlling interests of over 80% of the fortune 500 companies. A lot of the rest are mainly dominated by one individual/family. These 3 companies are also the same ones buying up huge tracts of agricultural land and housing. So big they are literally unaccountable to nobody.
Flying Fokker
Well-Known Member
I’d sit back and watch the squabble if I were the democrats.
David O'Day
Well-Known Member
If this bill passes the house (and it will) it salts the ground for Republicans for years to come.
Brighton Sky Blue
Well-Known Member
Not sure the ordinary American will make the connection tbh
David O'Day
Well-Known Member
classy Tarquin
Brighton Sky Blue
Well-Known Member
A good example is that Republican governors refused Obama’s Medicaid expansion, which led to people blaming Obama instead of the governors for not getting anything.
There’s also polling to suggest a big chunk of Americans aren’t familiar with the bill, never mind how bad it is.
David O'Day
Well-Known Member
yeah but it's not anything at the same now is it
it's a bill that directly destroys almost 20m peoples healthcare
Brighton Sky Blue
Well-Known Member
Flying Fokker
Well-Known Member
Maybe worth a listen? Also a bit on Britain‘s spy network in the US. 30s /40s
Captain Dart
Well-Known Member
Musk is upset over this, USA heDing for fiscal car crash, to be honest most Western governments are on the same course but if the USA goes tits up everybody does.
Brighton Sky Blue
Well-Known Member
There is a huge difference between spending on public services and a social safety net, versus a big cash giveaway to the ultra rich and big business.
Brighton Sky Blue
Well-Known Member
The most insane lie told about an immigrant so far
www.ndtv.com
'Cannibal' Migrant On Deportation Flight "Literally Ate His Own Arms"
A "deranged" cannibal immigrant allegedly began eating his own arms during a deportation flight, Homeland Security Secretary Kristi Noem claimed on Tuesday.
www.ndtv.com
There is morally but not in the eyes of the bond market/lenders. What they’re interested in is whether countries can pay the money they’ve borrowed back and if they can at current value of the pound/dollar or whether that currency value will be debased/inflated away in future….in which case they will want higher returns to keep pace
The ideological left and right both seem to struggle with this concept
The right would argue that their tax cuts will generate investment and growth which would make the likelihood of repaying debt higher. GDP outpacing debt interest making it easier to service debt.
The left may argue that by providing better health services, education etc more people can work, less relying on welfare thereby boosting GDP. Or investment in publc infrastructure, transport links etc again, helping to increase GDP. This is not happening currently in the U.K. which is why we’re in the shit in my view
Brighton Sky Blue
Well-Known Member
The thing is Steve that this isn’t new, we have lessons from the past 100 or so years to see what happens when huge tax giveaways and financial deregulation are passed, likewise when more social democratic policies are passed.
This is an experiment that has been run multiple times with the same conclusion. The UK’s problem to me seems people wanting Scandinavian public services on US taxes
I agree with view on trumps bill and can understand why musk is fucked off
The uk is a strange one and agree, the issue we’ve got is people don’t want to pay more tax. There is also a massive reliance on hand outs though and we don’t seem to spend the money well. The numbers are frightening.
We are struggling to incorporate debt interest of £100bn+ a year into the budget. We either grow or pray that rates miraculously come down (what trumps also desperate for as well) otherwise debt is likely to spiral…..then we are likely to all see proper austerity - none of us want that*
*edit - or alternatively we go into recession, inflation falls and we print more (QE). Which is least progressive form of ‘taxation’ as everyone, especially those without assets, gets fucked
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"He said he was literally eating his own arms. That is what he did. He called himself a cannibal and ate other people and ate himself that day."The most insane lie told about an immigrant so far
'Cannibal' Migrant On Deportation Flight "Literally Ate His Own Arms"
A "deranged" cannibal immigrant allegedly began eating his own arms during a deportation flight, Homeland Security Secretary Kristi Noem claimed on Tuesday.
Somewhere between Monty Python and Brasseye!
shmmeee
Well-Known Member
How did that work out in reality?
Tax cuts don’t generate growth, there’s zero evidence for it. Growth is an excuse made up as to why the right want tax cuts, which is all the right ever wants as their entire political ideology is “I want to keep more money and not contribute to society”
Brighton Sky Blue
Well-Known Member
Trump’s bill steals from the poor to give to the rich on an enormous scale. It’s both morally disgusting and fiscally disastrous.
My view has long been that prioritising health and education is most important in countries that can’t rely on abundant natural resources like the US or oil states. In this country education and training are an afterthought while the health service has been allowed to lapse into a state that its founder would have been horrified to see.
The Scandinavians have been the happiest countries in the world for some time and have higher taxes, but they get very tangible things for that in return. In the UK the cost of everything seems to soar but the money just seems to disappear into a pit.