Well the CEOs of Raytheon, Haliburton, and Lockheed-Martin are doing fine, fwiw. I think though that the issue is rather than funnel money to those dudes, people would like to keep their money to spend it on things they need, like food or bills.
I don’t know where you’re getting the idea that the money would be spent on food aid. After the fall of the Soviet Union for instance, congress explicitly passed a law preventing spending on defense from being redirected toward domestic issues. A large deficit also wasn’t seen as much of an issue when we halved the corporate tax rate in 2017.
Well because if they don’t take my money for bomb building, I will spend it on food, to aid my living.
I wasn’t saying the government would, they prefer to spend it on military, instead of letting me spend it on my food, that’s actually kinda the whole thing.
Yet people are spending 11% of their income on food due to rising prices and inflation and wages haven’t really balanced out like in the 60s where my stepmom could pay for college with her summer job as a grocery bagger.
All I know is, if I had more money in my acct, it would get spent on food and bills.
But the extra dollar less in taxes won’t do anything about shrinking wages or raising housing costs and you’ll just be back to where you were when your employer pays you less because after all, taxes are so much lower now.
All that money is used to buy American weapons and products. That’s how it works. That money is paid back to American companies.
Well the CEOs of Raytheon, Haliburton, and Lockheed-Martin are doing fine, fwiw. I think though that the issue is rather than funnel money to those dudes, people would like to keep their money to spend it on things they need, like food or bills.
I don’t know where you’re getting the idea that the money would be spent on food aid. After the fall of the Soviet Union for instance, congress explicitly passed a law preventing spending on defense from being redirected toward domestic issues. A large deficit also wasn’t seen as much of an issue when we halved the corporate tax rate in 2017.
Well because if they don’t take my money for bomb building, I will spend it on food, to aid my living.
I wasn’t saying the government would, they prefer to spend it on military, instead of letting me spend it on my food, that’s actually kinda the whole thing.
Except we’ve already cut taxes to half to a third of what they were in the 60s, and most people made more than enough to spend on food then.
Yet people are spending 11% of their income on food due to rising prices and inflation and wages haven’t really balanced out like in the 60s where my stepmom could pay for college with her summer job as a grocery bagger.
All I know is, if I had more money in my acct, it would get spent on food and bills.
But the extra dollar less in taxes won’t do anything about shrinking wages or raising housing costs and you’ll just be back to where you were when your employer pays you less because after all, taxes are so much lower now.