Yellen: IRS modernized to better serve Americans and also collect the taxes

[obsidian]

OMG, what an imbecile this cockroach is! She claims the US can afford to fund Ukraine and Israel. When confronted about the 122% debt-to-GDP ratio she claimed it was 98%. She wants to collect over $7 trillion in taxes. How the fuck is she going to do that without robbing people blind of their income?! And she claims Americans are better served by taxing their asses! All the stupid human feces fucks that vote for the regressive left, please explain yourself!

https://finance.yahoo.com/news/mind-blowing-us-debt-binge-180924001.html#:~:text=US%20government%20debt%20almost%20doubled,122%25%20of%20the%20nation's%20GDP.

https://finance.yahoo.com/news/mind-blowing-us-debt-binge-180924001.html#:~:text=US%20government%20debt%20almost%20doubled,122%25%20of%20the%20nation's%20GDP.

"US government debt almost doubled in the past decade to a record level of almost $33 trillion, or 122% of the nation's GDP."

[SOMEPARTS]

An asteroid strike on that site would be appropriate.

[ThisisOverload]

She didn't answer his questions directly, just danced around them.

Which is why she is in her position.

Misdirection.

There needs to be an age limit in government.

[Gym Rat]

The usual libs will ignore this (like usual)...

But TRUMP!!!!!   

[IroNat]

https://en.wikipedia.org/wiki/Janet_Yellen

School or tradition:   New Keynesian economics

https://en.wikipedia.org/wiki/New_Keynesian_economics

New Keynesian economics is a school of macroeconomics that strives to provide microeconomic foundations for Keynesian economics. It developed partly as a response to criticisms of Keynesian macroeconomics by adherents of new classical macroeconomics.

Two main assumptions define the New Keynesian approach to macroeconomics. Like the New Classical approach, New Keynesian macroeconomic analysis usually assumes that households and firms have rational expectations. However, the two schools differ in that New Keynesian analysis usually assumes a variety of market failures. In particular, New Keynesians assume that there is imperfect competition[1] in price and wage setting to help explain why prices and wages can become "sticky", which means they do not adjust instantaneously to changes in economic conditions.

Wage and price stickiness, and the other market failures present in New Keynesian models, imply that the economy may fail to attain full employment. Therefore, New Keynesians argue that macroeconomic stabilization by the government (using fiscal policy) and the central bank (using monetary policy) can lead to a more efficient macroeconomic outcome than a laissez faire policy would.

New Keynesianism became part of the new neoclassical synthesis that incorporated parts of both it and new classical macroeconomics, and forms the theoretical basis of mainstream macroeconomics today

[Tapeworm]

"Any inflation will be minor and transitory."

Thank god the experts are in charge..

[Thin Lizzy]

“Serve” 😂😂

[Wiggs]

Polish "Jew" nuff said.

[ProudVirgin69]

Would be nice if they got the wealthy elite and massive corporations to pay their fair share for once.  Sadly, any increased tax revenue will likely come from the “easy targets”, ie: the bottom 99% of the country

[Thin Lizzy]

Would be nice if they got the wealthy elite and massive corporations to pay their fair share for once.  Sadly, any increased tax revenue will likely come from the “easy targets”, ie: the bottom 99% of the country

The Government is 32 trillion in debt with something like 70+ Trillion in unfunded liability. If you took all their wealth it still wouldn’t be enough.

The ridiculous “Fair Share” argument is a tired meme from scummy politicians like Biden to cover for a bloated, inefficient, bankrupt system.

“You’re siding with the Billionaires!” No, I can just do little math and know how to read financial statements.

[Rambone]

Yes. Since the government is so efficient in spending their tax revenue. Retards can’t even run the post office. Fuck them. Less wasteful spending would be nice.

[Gym Rat]

I wonder if the shitter paid his fair share, on the illegal bribe millions, and ccp commie payment millions???

[Megalodon]

I'll sleep better...

                        ...knowing my good friend Janet Yellen...

                        ...is by my side...

                        ...to protect me.

[Thin Lizzy]

I wonder if the shitter paid his fair share, on the illegal bribe millions, and ccp commie payment millions???

He has five houses and has never had a job in the private sector. Every dime he has ever made has been off the back of the productive side of the economy.

Yes. Since the government is so efficient in spending their tax revenue. Retards can’t even run the post office. Fuck them. Less wasteful spending would be nice.

The United States has the biggest government in the history of the world. There’s no close second but that’s still not enough.

[Rambone]

The United States has the biggest government in the history of the world. There’s no close second but that’s still not enough.

Ramaswamy’s got the right idea in not trying to work with these unsalvagable, bloated bureaus and just shut them down instead.

[deadz]

OMG, what an imbecile this cockroach is! She claims the US can afford to fund Ukraine and Israel. When confronted about the 122% debt-to-GDP ratio she claimed it was 98%. She wants to collect over $7 trillion in taxes. How the fuck is she going to do that without robbing people blind of their income?! And she claims Americans are better served by taxing their asses! All the stupid human feces fucks that vote for the regressive left, please explain yourself!

https://finance.yahoo.com/news/mind-blowing-us-debt-binge-180924001.html#:~:text=US%20government%20debt%20almost%20doubled,122%25%20of%20the%20nation's%20GDP.

https://finance.yahoo.com/news/mind-blowing-us-debt-binge-180924001.html#:~:text=US%20government%20debt%20almost%20doubled,122%25%20of%20the%20nation's%20GDP.

"US government debt almost doubled in the past decade to a record level of almost $33 trillion, or 122% of the nation's GDP."

Vile trash!

[ProudVirgin69]

The Government is 32 trillion in debt with something like 70+ Trillion in unfunded liability. If you took all their wealth it still wouldn’t be enough.

The ridiculous “Fair Share” argument is a tired meme from scummy politicians like Biden to cover for a bloated, inefficient, bankrupt system.

“You’re siding with the Billionaires!” No, I can just do little math and know how to read financial statements.

Do you think any taxes should be collected?

[Zillotch]

Polish "Jew" nuff said.

genetic jews r in effect nonexistent.

[Thin Lizzy]

Do you think any taxes should be collected?

I’m not an anarchist. I’m a minimalist. Humans have defects and as a result there needs to be some kind of compulsive force vis a vis government. So, my answer is “Yes.”

You seem to think Government can solve everything when the evidence is overwhelming that it more often than not makes thing worse.

[GymnJuice]

It will never happen but they need to starve the beast. The only way to create efficiency is to cut funding. That will never happen. Funding and bloat only increases. It never decreases. It just continues until it becomes unsustainable and crashes.

[Thin Lizzy]

It will never happen but they need to starve the beast. The only way to create efficiency is to cut funding. That will never happen. Funding and bloat only increases. It never decreases. It just continues until it becomes unsustainable and crashes.

Agree. No way the government shrinks itself.

[Mayday]

"Any inflation will be minor and transitory."

Thank god the experts are in charge..

They are.

This is how debt is monetised. We are 1/3 of the way through the transition.

It will never happen but they need to starve the beast. The only way to create efficiency is to cut funding. That will never happen. Funding and bloat only increases. It never decreases. It just continues until it becomes unsustainable and crashes.

No need to cut.

Inflation squeezes out the bad stuff while allowing growing values.

In the Consumer world, shit will be expensive so consumers will demand higher quality and better features as departing with hard earned income means purchases are more considered.

Post 2030 we will see a huge tech revolution. There is still shit from 20yrs ago in companies I worked for that never hit the market. Digital paper, foldable, moving images all done. See thru chipboards all done. We don’t see any of that around. AR will be the biggest for Consumers.

[Thin Lizzy]

They are.

This is how debt is monetised. We are 1/3 of the way through the transition.


No need to cut.

Inflation squeezes out the bad stuff while allowing growing values.

In the Consumer world, shit will be expensive so consumers will demand higher quality and better features as departing with hard earned income means purchases are more considered.

Post 2030 we will see a huge tech revolution. There is still shit from 20yrs ago in companies I worked for that never hit the market. Digital paper, foldable, moving images all done. See thru chipboards all done. We don’t see any of that around. AR will be the biggest for Consumers.

Then Argentina should be doing great.

Do you really believe this bullshit?



Argentina central bank hikes key rate to 133% as inflation worsens | Reuters

https://www.reuters.com/world/americas/argentina-cenbank-raises-interest-rate-145-118-source-2023-10-12/

[ThisisOverload]

Yes. Since the government is so efficient in spending their tax revenue. Retards can’t even run the post office. Fuck them. Less wasteful spending would be nice.

The USPS loses a billion dollars a quarter.

And taxing the elite will not solve much, it will just create more spending.

I'm not the elite but i pay more in taxes than most people make in a year.

There will never be a balanced budget, it's by design.

And all this money we give to Ukraine and Israel?

Why not learn how to balance a budget and control spending?

That's what i had to do to gain any wealth.

[MajorDomo]

She didn't answer his questions directly, just danced around them.

Which is why she is in her position.

Misdirection.

There needs to be an age limit in government.

And minimum IQ