Getbig.com: American Bodybuilding, Fitness and Figure
Getbig Main Boards => Gossip & Opinions => Topic started by: JackednReady on October 20, 2020, 08:08:57 AM
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https://www.google.com/amp/s/www.cnbc.com/amp/2020/10/19/election-2020-stimulus-goldman-sachs-democratic-sweep.html (https://www.google.com/amp/s/www.cnbc.com/amp/2020/10/19/election-2020-stimulus-goldman-sachs-democratic-sweep.html)
Congressional and Executive Blue Wave will take Trump's failed economy back into positive numbers. Tax increases will make things better.
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Is Goldman Sachs really that deluded?
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Amazing how democrat supporters except tax hikes with ass cheeks spread wide open
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I just read the article. Goldman Sachs believes the democrats will open the flood gates of stimulus money sufficient to overcome the negative effects of tax increases, and that will make everything better. In order for this to work in getting net economic gain, your income (personal) or sales revenues and profitability (business) would have to be increase sufficiently to make up for the increased tax payments. Taxation is just overhead in terms of accounting. That would be one hell of a stimulus package. Kind of like those done by Japan starting in the 90's. Eventually that national debt will catch up. However, the Federal government owns something like $40-60 Trillion in assets, that they can auction off starting around 2030 in order to control the rise of that debt.
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We will see soon, regardless.
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Failed economy? Every business owner I know was having their best years before covid hit.
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Failed economy? Every business owner I know was having their best years before covid hit.
I think the first poster is being sarcastic.
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I think the first poster is being sarcastic.
Or just a mindless libtard, one of the best economies in History before the fake scamdemic (common cold) hit.
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I think the first poster is being sarcastic.
It's getting harder and harder for me to spot sarcasm these days. I hope you're right.
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I just read the article. Goldman Sachs believes the democrats will open the flood gates of stimulus money sufficient to overcome the negative effects of tax increases, and that will make everything better. In order for this to work in getting net economic gain, your income (personal) or sales revenues and profitability (business) would have to be increase sufficiently to make up for the increased tax payments. Taxation is just overhead in terms of accounting. That would be one hell of a stimulus package. Kind of like those done by Japan starting in the 90's. Eventually that national debt will catch up. However, the Federal government owns something like $40-60 Trillion in assets, that they can auction off starting around 2030 in order to control the rise of that debt.
No.
Goldman Sachs is HEAVILY invested in China and are scared shitless of a Trump landslide.