Alan Ianson -> Aaron Thomas skrev 2024-09-01 10:24:
 >> New York State has a debt of $55.9 billion dollars.

 AI> Most people also carry debt.

 AI> That doesn't strike me as a lot for a state with a GDP around 2
 AI> trillion. Or am I mistaken about that?

    You must excuse Aaron. Like his Orange Jesus, "a trillion, nobody has ever (code for "I have never") heard about a trillion," he probably doesn't realize what a trillion is.

    For instance, what do the $1.9T tax credits given to the corporations and billionaires by the MAGA administration actually mean to the (yearly average as reported by the IRS) 85M US taxpayers?

    It means not $1,900/85 but $1,900,000/85 on average for every US taxpayer: $22,353:-.  42.5M paid even more.

    And all this for reviving the long-debunked trickle-down economy theory from the Reagan era. At least Reagan only lowered corporate taxes by 12% over two years; Trump lowered them by 14% in just a single year.

    Talk about a reverse Robin Hood economy. Steal from the poor and give to the rich.



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