Slicing Bird Brain Tax Cuts & Increases

A WSJ video noted Trump beat Harris in their debate’s taxpayer bribery sweepstakes by a $6.5 billion to $4.2 billion margin in proposed tax cuts. Not that any will get enacted any more than the several tax increases being bandied about to (drum roll) PAY FOR THEM.

That is, none have a realistic chance of enactment outside of making Trump’s historic across-the-board tax cuts permanent, since once a tax cut or government hand out is created it is almost NEVER TAKEN AWAY. Trump, the WSJ says, will also pay for his various tax cut proposals by increasing the tariffs he earlier got placed on foreign imports, while Harris wants to make corporations, billionaires & high income earners pay “their fair share,” even though they already pay the lion’s share of Uncle Sam’s piggy bank.

May we suggest that NONE of these election year ideas are politically possible let alone economically feasible. That’s because BOTH sides conveniently ignore the $31+ trillion national debt and how ALL of the above will likely increase it greatly, one way or another. And, if it’s not a nonstarter because of the national debt, it’s a non-starter because they are so freaking COMPLICATED, let alone for purely human reasons. For instance, none other than “Shark Tank’s” Mark Cuban warns that taxing unrealized gains as Harris has pitched will “Kill the stock market” and, therefore, he says Harris won’t actually do it. Nor, Bunky, will Congress let her. They aren’t THAT stupid since a tax on unrealized gains would devastate THEM as much as any billionaire. And, can you imagine the howling from America’s homeowners every year the value of their home goes up? No, relax. These birdbrain “make work for accountants ideas” will never fly.

Davd Soul