A top economist believes,Trumps tax bill will help the economy

[Aeson]

The establishment like to pay alimony. Cucks.

... called it!

[Kidlicious]

Pocahontas said that corporations are promising bonuses for political reasons. It's called economics. What do you think your employees are going to do when they know you have money?

[Uncle Sparky]

Kid is a proud racist!

[Aeson]

Hey Kid, I have a great investment for you. I'll take out a loan in your name for $11800 and I'll give you $1000 of it! Then you and your progeny only have to make small compounding payments on the principle forever ...

(For those who don't get it ... and by that I mean Kid ... 1.5 trillion in added debt / 127 million full time workers = 11800 added debt for each full time worker.)

[Kidlicious]

Hey Kid, I have a great investment for you. I'll take out a loan in your name for $11800 and I'll give you $1000 of it! Then you and your progeny only have to make small compounding payments on the principle forever ...

Ha ha. I'm expecting $907 less tax this coming year. Quick, what's my share of the increased finance cost of the national debt?

[Kidlicious]

Hey Kid, I have a great investment for you. I'll take out a loan in your name for $11800 and I'll give you $1000 of it! Then you and your progeny only have to make small compounding payments on the principle forever ...

(For those who don't get it ... and by that I mean Kid ... 1.5 trillion in added debt / 127 million full time workers = 11800 added debt for each full time worker.)

And the thong is that we ONLY have to pay on the interest. The principle doesn't have to be paid like a regular loan (that is it is rolled over). You still want to make that loan?

[Aeson]

Ha ha. I'm expecting $907 less tax this coming year. Quick, what's my share of the increased finance cost of the national debt?

At 2.5% it's roughly $30/year the first year and $600/year the 10th. By year 30 it's about $1000/year. After 50 years it's over $2000/year. Of course if interest rates go up it goes up much more quickly.

If you die soon enough only your kid(s) will have to pay for it. Congrats

[Aeson]

And the thong is that we ONLY have to pay on the interest. The principle doesn't have to be paid like a regular loan (that is it is rolled over). You still want to make that loan?

Yes, we know it's never going to be paid down. The principle and interest will just continue to pile up until the whole system crashes or drastic cuts have to be made.

You are a welfare case who wants future generations to subsidise your excessive consumption and lack of productivity.

[Aeson]

You still want to make that loan?

Of course. I take out a loan in your name, I keep 10800 of it, you get 1000 of it ... and you have to make the payments. There's no down side for me.

[giblets]

If you die soon enough only your kid(s) will have to pay for it. Congrats

Does he care?

[Ming]

For somebody who claims to be an economist, Kid certainly doesn't understand the basics.

[Uncle Sparky]

[Kidlicious]

You're an actor.

[Ming]

Kid posting nonsense yet again simply to post.
Maybe someday, he will have something meaningful, factual, or enlightening to add to a conversation.

[Kidlicious]

At 2.5% it's roughly $30/year the first year and $600/year the 10th. By year 30 it's about $1000/year. After 50 years it's over $2000/year. Of course if interest rates go up it goes up much more quickly.

If you die soon enough only your kid(s) will have to pay for it. Congrats

2.5% of $907 is 119 in finance cost over 10 years. That's a cumulative. You aren't good at finance. Don't give up the day job.

It would take you a very long time just to get your money back. I on the other hand could use that $907 to loan to someone else and collect, not only interest, but get payments on the principle.

[Aeson]

You aren't borrowing the $907, you're borrowing $11800. You just only get $907 of it while the rest goes to your masters. You may get it 10 times in which case you get $9070 of $11800 ... you may even get it every year forever (in which case the principal continues to add up as well) ... but sooner or later you will go into the hole and the hole will perpetually get bigger.

Banks love you, because you don't understand compounding interest, politicians love you because you don't understand you're getting only a small fraction of what they're borrowing in your name.