4 ms·

Democrats Propose 2% Tax on Stock Buybacks to Offset Their $3.5T Plan

3 points by xqcgrek2 5y ago

dv_dt 5y ago
The framing every single time is budget items like Defense increased never require rebalancing in-bill, while any domestic social spending does. With the effect that the domestic social spending always getting clipped to insufficient levels because of it - while Defense grows unchecked.
- missedthecue 5y ago
  hmm. US welfare spending as a percent of GDP is near record levels since 1900. https://www.usgovernmentspending.com/rev/google_vis.php?title=Welfare%20Spending%20In%2020th%20Century&units=p&size=800_600&legend=Welfare-total&year=1900_2022&sname=US&bar=0&stack=1&col=g&source=i_i_a_i_i_i_i_i_i_i_i_i_i_a_i_i_i_i_i_i_i_i_a_i_i_i_i_a_i_i_i_i_a_i_a_i_a_i_a_i_a_i_a_i_a_i_a_i_a_i_a_i_a_a_a_a_a_a_a_a_a_a_i_i_i_i_i_i_i_i_i_i_i_i_i_i_i_i_i_i_i_i_i_i_i_i_i_i_i_i_i_i_a_a_a_a_a_a_a_a_a_i_a_i_a_a_a_a_a_a_a_a_a_a_a_a_a_a_a_a_g_g_g&spending0=0.11_0.13_0.17_0.16_0.17_0.15_0.15_0.14_0.16_0.15_0.15_0.16_0.15_0.14_0.17_0.17_0.15_0.14_0.12_0.12_0.12_0.16_0.23_0.21_0.22_0.22_0.22_0.23_0.25_0.28_0.37_0.52_0.82_1.32_1.53_1.44_1.31_1.46_1.83_2.00_2.08_1.74_1.42_1.05_0.84_1.02_1.21_1.22_1.22_1.66_1.90_1.52_1.34_1.27_2.01_1.43_1.20_1.29_1.66_1.71_1.59_1.83_2.19_2.08_1.93_1.74_1.44_1.32_1.40_1.50_1.75_2.35_2.39_2.03_2.25_3.28_3.85_4.01_3.45_3.19_3.79_4.02_4.12_4.40_3.56_3.81_3.47_3.45_3.38_3.18_3.44_4.07_3.13_3.16_2.90_2.92_2.75_2.58_2.33_2.25_2.15_2.35_2.73_2.97_2.61_2.41_2.32_2.29_2.73_3.64_4.47_4.08_3.46_3.12_2.83_2.50_2.44_2.30_2.13_2.13_5.74_8.21_3.48 https://www.usgovernmentspending.com/rev/google_vis.php?titl... Meanwhile, US Defense spending as a percent of GDP has been trending down for decades. https://www.usgovernmentspending.com/rev/google_vis.php?title=20th%20Century%20Defense%20Spending&units=p&size=800_600&legend=Defense-fedy&year=1900_2022&sname=US&bar=0&stack=1&col=g&source=a_a_a_i_i_i_i_i_i_i_i_i_i_a_i_i_i_i_i_i_i_i_a_i_i_i_i_a_i_i_i_i_a_i_a_i_a_i_a_i_a_i_a_i_a_i_a_i_a_i_a_a_a_a_a_a_a_a_a_a_a_a_a_a_a_a_a_a_a_a_a_a_a_a_a_a_a_a_a_a_a_a_a_a_a_a_a_a_a_a_a_a_a_a_a_a_a_a_a_a_a_a_a_a_a_a_a_a_a_a_a_a_a_a_a_a_a_a_a_a_a_b_b&spending0=1.60_1.53_1.26_1.20_1.25_1.15_1.10_1.04_1.20_1.16_1.15_1.16_1.10_1.08_1.16_1.09_0.85_2.67_15.68_21.79_5.23_3.98_1.76_1.47_1.42_1.34_1.24_1.26_1.31_1.31_1.59_2.02_2.81_2.41_1.62_2.52_3.13_2.32_1.89_2.04_2.26_6.09_18.15_37.44_40.07_41.52_23.41_10.09_7.79_10.02_10.63_10.54_16.81_17.40_16.23_13.11_12.43_12.55_12.77_12.18_11.40_11.61_10.53_10.08_9.55_8.30_8.56_9.74_10.02_9.31_8.82_7.97_7.40_6.51_6.37_6.54_6.11_5.84_5.57_5.47_5.88_6.04_6.63_6.79_6.66_6.80_6.85_6.60_6.31_6.08_5.74_5.20_5.35_5.02_4.62_4.27_3.92_3.79_3.56_3.46_3.50_3.46_3.86_4.21_4.44_4.60_4.50_4.52_4.96_5.50_5.65_5.65_5.18_4.88_4.56_4.39_4.34_4.20_4.17_4.38_4.83_4.70_4.77 https://www.usgovernmentspending.com/rev/google_vis.php?titl...
  - dv_dt 5y ago
    Those graphs are different scales, and the welfare spending includes covid responses it appears. If you look at them on the same scale, and ignore the covid spike, defense spending is basically double welfare spending as a percentage of gdp and has been for decades.

3 points by xqcgrek2 5y ago

The framing every single time is budget items like Defense increased never require rebalancing in-bill, while any domestic social spending does. With the effect that the domestic social spending always getting clipped to insufficient levels because of it - while Defense grows unchecked.

missedthecue 5y ago
hmm. US welfare spending as a percent of GDP is near record levels since 1900. https://www.usgovernmentspending.com/rev/google_vis.php?title=Welfare%20Spending%20In%2020th%20Century&units=p&size=800_600&legend=Welfare-total&year=1900_2022&sname=US&bar=0&stack=1&col=g&source=i_i_a_i_i_i_i_i_i_i_i_i_i_a_i_i_i_i_i_i_i_i_a_i_i_i_i_a_i_i_i_i_a_i_a_i_a_i_a_i_a_i_a_i_a_i_a_i_a_i_a_i_a_a_a_a_a_a_a_a_a_a_i_i_i_i_i_i_i_i_i_i_i_i_i_i_i_i_i_i_i_i_i_i_i_i_i_i_i_i_i_i_a_a_a_a_a_a_a_a_a_i_a_i_a_a_a_a_a_a_a_a_a_a_a_a_a_a_a_a_g_g_g&spending0=0.11_0.13_0.17_0.16_0.17_0.15_0.15_0.14_0.16_0.15_0.15_0.16_0.15_0.14_0.17_0.17_0.15_0.14_0.12_0.12_0.12_0.16_0.23_0.21_0.22_0.22_0.22_0.23_0.25_0.28_0.37_0.52_0.82_1.32_1.53_1.44_1.31_1.46_1.83_2.00_2.08_1.74_1.42_1.05_0.84_1.02_1.21_1.22_1.22_1.66_1.90_1.52_1.34_1.27_2.01_1.43_1.20_1.29_1.66_1.71_1.59_1.83_2.19_2.08_1.93_1.74_1.44_1.32_1.40_1.50_1.75_2.35_2.39_2.03_2.25_3.28_3.85_4.01_3.45_3.19_3.79_4.02_4.12_4.40_3.56_3.81_3.47_3.45_3.38_3.18_3.44_4.07_3.13_3.16_2.90_2.92_2.75_2.58_2.33_2.25_2.15_2.35_2.73_2.97_2.61_2.41_2.32_2.29_2.73_3.64_4.47_4.08_3.46_3.12_2.83_2.50_2.44_2.30_2.13_2.13_5.74_8.21_3.48 https://www.usgovernmentspending.com/rev/google_vis.php?titl... Meanwhile, US Defense spending as a percent of GDP has been trending down for decades. https://www.usgovernmentspending.com/rev/google_vis.php?title=20th%20Century%20Defense%20Spending&units=p&size=800_600&legend=Defense-fedy&year=1900_2022&sname=US&bar=0&stack=1&col=g&source=a_a_a_i_i_i_i_i_i_i_i_i_i_a_i_i_i_i_i_i_i_i_a_i_i_i_i_a_i_i_i_i_a_i_a_i_a_i_a_i_a_i_a_i_a_i_a_i_a_i_a_a_a_a_a_a_a_a_a_a_a_a_a_a_a_a_a_a_a_a_a_a_a_a_a_a_a_a_a_a_a_a_a_a_a_a_a_a_a_a_a_a_a_a_a_a_a_a_a_a_a_a_a_a_a_a_a_a_a_a_a_a_a_a_a_a_a_a_a_a_a_b_b&spending0=1.60_1.53_1.26_1.20_1.25_1.15_1.10_1.04_1.20_1.16_1.15_1.16_1.10_1.08_1.16_1.09_0.85_2.67_15.68_21.79_5.23_3.98_1.76_1.47_1.42_1.34_1.24_1.26_1.31_1.31_1.59_2.02_2.81_2.41_1.62_2.52_3.13_2.32_1.89_2.04_2.26_6.09_18.15_37.44_40.07_41.52_23.41_10.09_7.79_10.02_10.63_10.54_16.81_17.40_16.23_13.11_12.43_12.55_12.77_12.18_11.40_11.61_10.53_10.08_9.55_8.30_8.56_9.74_10.02_9.31_8.82_7.97_7.40_6.51_6.37_6.54_6.11_5.84_5.57_5.47_5.88_6.04_6.63_6.79_6.66_6.80_6.85_6.60_6.31_6.08_5.74_5.20_5.35_5.02_4.62_4.27_3.92_3.79_3.56_3.46_3.50_3.46_3.86_4.21_4.44_4.60_4.50_4.52_4.96_5.50_5.65_5.65_5.18_4.88_4.56_4.39_4.34_4.20_4.17_4.38_4.83_4.70_4.77 https://www.usgovernmentspending.com/rev/google_vis.php?titl...
- dv_dt 5y ago
  Those graphs are different scales, and the welfare spending includes covid responses it appears. If you look at them on the same scale, and ignore the covid spike, defense spending is basically double welfare spending as a percentage of gdp and has been for decades.