Do you think Trump's tax cuts are the seeds of the next Depression? Nt.

[Locut0s]

[RKP5637]

1. Yes, IMO, at least for the majority of people. n/t

[beachbum bob]

2. tax cuts will have little to do with next recession, trumps impeachment will

2019 spring

[KPN]

3. Yes, but just the seeds. The next depression

is already in place. The markets (stocks) are way over-valued and must ultimately crash -- the secular bull market we've seen since 2009 is unsustainable. What goes up must come down -- faster and harder.

[Cary]

4. Depressions happen when people don't have enough money to buy

It's a liquidity trap. Keynes told us that we get there only if we are stupid enough to let it happen.

Tax cuts to people who don't need them in a time of recovery constitutes stupid enough, so the answer is yes.

[Hayduke Bomgarte]

5. Undoubtedly

`

[dawg]

6. No.

IMHO, we do ourselves no favors when we describe typically shitty Republican policies in apocalyptic terms.

The Trump tax cuts will likely give a small boost to the economy at first. It's possible, however, that they could backfire and turn into a mild drag on the economy due to their recessive nature.

If the middle-class tax increases scheduled for the out years actually take place, they will, of course, be damaging to the economy. But not damaging enough to cause a depression.

The most damaging thing about the bill is the repeal of the individual mandate - a move that I suspect will bring about a near-total collapse of the individual health insurance market. Even that, however, won't happen right away.

[Voltaire2]

7. no.

The tax bill is a corrupt give-away to his cronies, and in particular Bob Mercer is going to get a huge payback on his investment in Trump, but this tax bill is not the End of the World as We Know It, and when we make ridiculous claims about it we are in fact engaged in the sort of bullshit that characterizes the republican party and the right wing disinformation system. We should avoid that sort of behavior.

[Hoyt]

10. I agree 100%. Too often we sound just like GOPers bashing Obama.

Last edited Tue Dec 26, 2017, 11:11 AM - Edit history (1)

Although, we are justified in most cases.

We'll survive Trump and his ignorant supporters.

[TheBlackAdder]

8. Recession starting in 2018. I'm positioned to change 401K from stock/mutuals to interest bearing.

.

I'm not getting caught like I did in 2008.

.

[kentuck]

9. I think they are mostly Keynesian economics...

with a lot of government spending and will keep the economy going for a couple of years.

But, the deficits are going to be huge, in my opinion. That will be the Republican excuse to cut Medicare and Social Security. Those might be the seeds of the next depression?

[duforsure]

11. Yes, then add

All the others things he's changed and it'll be a much worse than a depression with what they've done to us. People better be putting every penny in their pockets because its going to get bad eventually, very bad. Then add another war, or cyber attack on our infrastructure sectors and we're sitting ducks for the collapse of everything. While the white house refuses to do anything protecting against major cyber attacks, or election hacking, and trumps trying to start a war.

[Xolodno]

12. No. Contraction cycles are seldom predictable.

If we could predict them, then we could stop it from happening...granted some are predicted, such as knowing repealing the Glass-Steagal Act would eventually bite us in the ass...but how? and when? were the unknowns.

However, the tax cut makes using Keynes tool of government expenditure to pull us out of a contraction period a lot harder, or worse, impossible. Depending how many regulations on moving money they axe.

[haele]

13. The tax cuts will be a stress on the ability of the Government to react to downward trends.

Without a healthy revenue and targeted spending policy, a major investment bubble burst, like housing or student loans, can easily spiral out of control, especially as technology is increasingly replacing the typical normal semi-skilled work force 50% of the population depends on for their income.

Of course, if your economic policy depends on a rapid culling of the herd regardless of talents or potential lost to maintain a genetically static social structure, then this tax bill is perfect...
I suspect old Bobby M, Shelly A, Vladdy P, and all those fellow-travelling Prosperity Gospel Nazi think tank types believe the World will be better off with a couple hundred billion less people to boss around.

They're all a bunch of mobsters trying to protect their turf instead of looking to the future.

Haele