2024 Presidential Election | ELECTION DAY 2024

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hedge said:
This article, while explaining the proposal, didn't seem to think it was a good idea...
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The tax foundation is a right-wing think tank. Most of the assertions in the article are bullshit. This, in particular, has no basis in sound economics:

The proposal would increase the tax burden on US savers, placing foreign savers at a relative advantage as they would not face the minimum tax. Raising taxes on domestic savers reduces the amount of domestic saving in the economy. In turn, foreign savers would finance a greater share of investment opportunities in the US. Over the long run, American incomes would fall as investment returns flowed to foreign savers instead of American savers. It would also manifest in a shifted balance of trade, increasing the trade deficit, all else held equal.

1. The tax does not apply to "savers."
2. Generally speaking, foreign investment is a good thing for a country. FDI does not actually make domestic incomes fall. This is basic economics 101. Actually, it's not even that sophisticated. Weighing costs against benefits requires, you know, looking at both. This paragraph looks only at costs of FDI without considering the benefits that the FDI creates. It's just the standard analysis from ignoramuses who think trade deficits are a bad thing because foreigners end up holding more assets.
3. This paragraph seems completely oblivious to the single most fundamental principle of tax policy, which is that everything is a tradeoff. You have to raise money somehow. All taxes are distortionary in some way.
4. LOL at the idea that this tax would shift the balance of trade. The effect is too small to be noticeable either way.
 
farce© said:
I don’t see any need to pay attention to election coverage until the polls close tonight. I have no desire to watch breathless coverage of basically nothing from people with no news who are standing in front of polling places all day. They will offer anecdotes of random voters who agreed to talk to them when leaving the polls and will offer nothing of significance. I’d rather reorganize my pantry.
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Agreed. I've been through many presidential elections and everything up until actual votes start coming in is a waste of time, imo. The TV news coverage throughout election day until 6 PM is basically just a bunch of talking heads rehashing pre-election polls and checking out how heavy the voting in battleground states is and so on until the actual votes come in. Early exit polls aren't released until 5 PM, but even the early exit polls have been wrong before. I believe in 2012 The Drudge Report and some other internet media sites ran with breathless headlines that the exit polls looked really bad for Obama and really good for Romney, and of course Obama won anyway. I don't plan on watching any news coverage until the polls start closing around 6 PM in some states. Until then it's all just guesswork and partisan cheerleading on the TV networks, imo.
 
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Just voted at the Hindu Society in Morrisville. Got handed GOP pamphlets by two Indians....the cognitive dissonance is mind boggling.

In and out in 20 minutes, the ID requirement is certainly slowing things down.
 
So according to Trump, we have three major parties now: Republicans, Independents and Radical Communist Democrats. Cool. My only question is, what happened to the regular Democrats? Did the RCD's eat them along with the dogs and cats? What the hell is going on here?
 
BlueSteel said:
So according to Trump, we have three major parties now: Republicans, Independents and Radical Communist Democrats. Cool. My only question is, what happened to the regular Democrats? Did the RCD's eat them along with the dogs and cats? What the hell is going on here?
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Where can I sign up for the radical communist democrats party? Sounds cool.
 
CHAMTRAIN said:
Just voted at the Hindu Society in Morrisville. Got handed GOP pamphlets by two Indians....the cognitive dissonance is mind boggling.

In and out in 20 minutes, the ID requirement is certainly slowing things down.
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A ton of local Indians and other Asians in this area are conservative due to immigration. Some of them have jumped through so many hoops to get their families here the legal way.
 
BlueSteel said:
So according to Trump, we have three major parties now: Republicans, Independents and Radical Communist Democrats. Cool. My only question is, what happened to the regular Democrats? Did the RCD's eat them along with the dogs and cats? What the hell is going on here?
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Well, we got our trans surgeries at the reeducation camps. Pretty simple process that I had done at my local elementary school.
 
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