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Coronavirus (Stay on Topic)

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Webberweather53 said:
Trickle down economics is certainly the way to go and will definitely trickle down the consumer at a point where consumer spending will probably fall basically thru the floor, this is a fantastic idea I see absolutely nothing wrong with accelerating our national debt! /s

[x] doubt this gets passed in congress, at this point you’re having to rely entirely on Trump’s word which has meant absolutely nothing lately. Yeah good luck with this
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Nothing like reducing the budget by 30 something percent to choke and kill the US government's spending! That's about how much comes from payroll taxes from what I can find. No way this flies. If it does, here comes a depression because the government can't afford to run.
 
Shouldn’t Savannah cancel its St Patrick’s Day Parade and other celebrations? As of now, they haven’t They usually attract hundreds of thousands of visitors and this is in the top 3 or so in the entire country! Is this a disaster waiting to happen? Opinions? Imo, they’d be incredibly stupid not to!!
 
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ForsythSnow said:
Nothing like reducing the budget by 30 something percent to choke and kill the US government's spending! That's about how much comes from payroll taxes from what I can find. No way this flies. If it does, here comes a depression because the government can't afford to run.
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They could use use the money from the SC gas tax to cover part of the void. Because it sure isn’t going towards the roads. Either way, I think we can manage. Just print more money. It hasn’t stopped them before.
 
ForsythSnow said:
Nothing like reducing the budget by 30 something percent to choke and kill the US government's spending! That's about how much comes from payroll taxes from what I can find. No way this flies. If it does, here comes a depression because the government can't afford to run.
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To be honest, as much as Trump has desired imposing tariffs on foreign imports (triggering trade wars in the process), I actually think now would be a good time to levy a substantial tariff on OPEC crude oil in order to increase the federal budget (decrease budget deficit) & protect domestic oil and shale and energy companies that could become decimated by $20/barrel oil prices. Given that we’re one of the largest consumers of OPEC, this would be a good move imo
 
If the economy is slowing because of the virus, it seems like the best way to stimulate the economy would be to reduce the effects of the virus. Tax cuts won't fix issues like testing for and treatment of the virus.
 
Webberweather53 said:
To be honest, as much as Trump has desired imposing tariffs on foreign imports (triggering trade wars in the process), I actually think now would be a good time to levy a substantial tariff on OPEC crude oil in order to increase the federal budget (decrease budget deficit) & protect domestic oil and shale and energy companies that could become decimated by $20/barrel oil prices. Given that we’re one of the largest consumers of OPEC, this would be a good move imo
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Worse comes to worse and they decide not to sell to us or what have you, we can always buy from someone else or better yet, substantially increase domestic production. Tbh, it’s a win-win, Democrats would like the idea of a larger federal budget due to the higher import tax while Republicans would flock to the idea that we’re also at the same time trying to protect American businesses from going under that also rely directly or indirectly on crude oil.
 
Mariners may start their season in Peoria, AZ or an empty stadium. First domino to fall with modifications in MLB, and probably won't be the last if so.
 
GaWx said:
Shouldn’t Savannah cancel its St Patrick’s Day Parade and other celebrations? As of now, they haven’t They usually attract hundreds of thousands of visitors and this is in the top 3 or so in the entire country! Is this a disaster waiting to happen? Opinions? Imo, they’d be incredibly stupid not to!!
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One has to wonder how the upcoming NCAAT will be affected as well. That's usually a big draw and with games played all over the country it would enhance the spread as well if they still have it. Or maybe they will still have the NCAAT just empty stadiums?
 
Steven_1974 said:
Please don't start spreading unsubstantiated nonsense like this.
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It was trending on Twitter I was curious. They said Africa has very few cases and further east where it’s been bad the African American cases were lower too.
 
snowlover91 said:
One has to wonder how the upcoming NCAAT will be affected as well. That's usually a big draw and with games played all over the country it would enhance the spread as well if they still have it. Or maybe they will still have the NCAAT just empty stadiums?
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I think Ohio is banning indoor gatherings for now and Cleveland might have a regional...so there's one case here.
 
snowlover91 said:
One has to wonder how the upcoming NCAAT will be affected as well. That's usually a big draw and with games played all over the country it would enhance the spread as well if they still have it. Or maybe they will still have the NCAAT just empty stadiums?
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The Final Four is supposed to be in Atlanta and the cases are starting to pop in this area. School closings, library closings, daycare closings.
 
Webberweather53 said:
Trickle down economics is certainly the way to go and will definitely trickle down the consumer at a point where consumer spending will probably fall basically thru the floor, this is a fantastic idea I see absolutely nothing wrong with accelerating our national debt! /s

[x] doubt this gets passed in congress, at this point you’re having to rely entirely on Trump’s word which has meant absolutely nothing lately. Yeah good luck with this
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How is this "trickle down"? All wage earners have payroll taxes deducted directly from their paychecks, which means take-home pay immediately increases by 7.65% per paycheck. I've been in the tax business for 16 years (I'm an AFSP certified tax preparer) and have long argued that the payroll tax should be completely eliminated for low income taxpayers - it's the most regressive part of our tax code. If this happens, I hope it's a permanent change.

cbpp 062419.png

Policy Basics: Federal Payroll Taxes | Center on Budget and Policy Priorities

Payroll taxes have become an increasingly important part of the federal budget over time.
www.cbpp.org
 
Yellow Snow said:
How is this "trickle down"? All wage earners have payroll taxes deducted directly from their paychecks, which means take-home pay immediately increases by 7.65% per paycheck. I've been in the tax business for 16 years (I'm an AFSP certified tax preparer) and have long argued that the payroll tax should be completely eliminated for low income taxpayers - it's the most regressive part of our tax code. If this happens, I hope it's a permanent change.

View attachment 37067

Policy Basics: Federal Payroll Taxes | Center on Budget and Policy Priorities

Payroll taxes have become an increasingly important part of the federal budget over time.
www.cbpp.org
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I would love 7.65% more too. That would help everyone out not just low income. It is a stupid tax that’s for sure.




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Nick_boynton_ said:
Been hearing lots of inside sources telling me most schools are now about to announce all online school coming this Monday
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As I posted yesterday, the N.C. DPI is making those contingency plans, but I don’t think it’s fair to say that it is a certainty at this time.
 
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