The Official Politics Thread (enter at your own risk)
Posted: 09 Dec 2024, 09:19
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Fauxstralian wrote: ↑26 Jan 2026, 12:21 There is now a very strong chance of Reform winning the next general election
Monsieur merde de cheval" wrote: ↑26 Jan 2026, 01:11goose wrote: ↑25 Jan 2026, 13:26 Very simply for you:
- The US collects about $5 trillion a year in taxes
- That’s only ~17–18% of GDP
- Because taxes are ~18% of GDP:
- 1% extra GDP growth only raises tax revenue by ~0.18% of GDP
- That’s about $55bn per year on today’s economy
- To cover $450bn a year in lost revenue:
- You’d need ~8–9% EXTRA GDP growth every single year
- On top of normal growth
- That means total growth of ~9–10% per year
Its stinks in my kitchen..
What is that smell.
goose wrote: ↑25 Jan 2026, 13:26 Very simply for you:
- The US collects about $5 trillion a year in taxes
- That’s only ~17–18% of GDP
- Because taxes are ~18% of GDP:
- 1% extra GDP growth only raises tax revenue by ~0.18% of GDP
- That’s about $55bn per year on today’s economy
- To cover $450bn a year in lost revenue:
- You’d need ~8–9% EXTRA GDP growth every single year
- On top of normal growth
- That means total growth of ~9–10% per year
THUNDERCLINT wrote: ↑25 Jan 2026, 12:30Fauxstralian wrote: ↑25 Jan 2026, 12:15 Burnham blocked from standing.
Labour obliterated in May elections & Farage on his way to no.10
Unbelievable o.g by Starmer & his stoogesYep, kweer was 100% correct when he said his father made tools.
Done nothing but guarantee the party carves itself up into factions and eats itself alive.
By the time it's over and Nige is PM the Tories will be the opposition and the labour commies behind the ridiculous greens and the comical liberals.
Given the state of those 4 unless a credible centre left party emerges Reform will govern for a generation.
Nutsin wrote: ↑25 Jan 2026, 23:15goose wrote: ↑25 Jan 2026, 22:19Nutsin wrote: ↑25 Jan 2026, 22:09And it goes on to talk about federal tax revenue too. I left the benefit at state level in there to educate you that there is tax revenue generated at state level too. Something you clearly missed.
Doesn’t help the deficit but it does help Main Street.
As for the deficit as I have already explained it’s not something that will bring down the economy, Wall st have already thought of that numbnuts.
Deficits were here before Trump and it wasn’t sustainable long term under Biden either. So Trump has come in and instead of spunking the money on interest and hand outs to people who hate us he extended it to the US taxpayer instead.
To think the world will remain growing at the same clip that we are use to is a bit of a stretch. But time will tell, but the last 2 quarters of GDP are much higher than expected, if it continues it becomes a trend.
Deregulation will open up new markets to US companies as have the Tarriffs, we really are on the cusp of the golden age.
No not missed, state and local tax is irrelevant to federal debt. I’m glad you finally realised I was right about tax revenue and GDP.
You don’t think unsustainable debt brings down economies?
Debt absolutely can bring down an economy, which is why Trump is taking us off of Bidenomics.
goose wrote: ↑25 Jan 2026, 22:19Nutsin wrote: ↑25 Jan 2026, 22:09And it goes on to talk about federal tax revenue too. I left the benefit at state level in there to educate you that there is tax revenue generated at state level too. Something you clearly missed.
Doesn’t help the deficit but it does help Main Street.
As for the deficit as I have already explained it’s not something that will bring down the economy, Wall st have already thought of that numbnuts.
Deficits were here before Trump and it wasn’t sustainable long term under Biden either. So Trump has come in and instead of spunking the money on interest and hand outs to people who hate us he extended it to the US taxpayer instead.
To think the world will remain growing at the same clip that we are use to is a bit of a stretch. But time will tell, but the last 2 quarters of GDP are much higher than expected, if it continues it becomes a trend.
Deregulation will open up new markets to US companies as have the Tarriffs, we really are on the cusp of the golden age.
No not missed, state and local tax is irrelevant to federal debt. I’m glad you finally realised I was right about tax revenue and GDP.
You don’t think unsustainable debt brings down economies?
Nutsin wrote: ↑25 Jan 2026, 22:09goose wrote: ↑25 Jan 2026, 21:30Nutsin wrote: ↑25 Jan 2026, 21:27Per Grok AI.
The amount of tax revenue generated per $1 trillion in GDP depends on the tax-to-GDP ratio (also called the revenue-to-GDP ratio), which varies significantly by country, what level of government is included (federal/national only vs. all levels including state/local), and the specific year (due to economic conditions, policy changes, etc.).
This ratio represents the percentage of GDP collected as tax revenue. Therefore:
- Tax revenue per $1 trillion GDP = (tax-to-GDP ratio as a decimal) × $1 trillion.
### Key Examples (Based on Recent Data)
- United States (most common context for this question in USD terms):
- Total tax revenue (federal + state + local): Typically around 25–27% of GDP in recent years.
- OECD data for 2023: 25.2% total tax-to-GDP ratio.
- Earlier/recent estimates (2021–2024 period): Often cited around 27% (Tax Policy Center) or similar.
- → This means roughly $250–270 billion in total tax revenue per $1 trillion of GDP.
- Federal revenue only (what people often mean by "tax revenue" in US discussions): Usually 16–19% of GDP.
- Recent figures: Around 17% (U.S. Treasury Fiscal Data for FY 2025 estimates).
- Historical average (last 40+ years): ~17.4% (CBO).
- In some years like 2022: Closer to 19–20%.
- → This means roughly $170–190 billion in federal tax revenue per $1 trillion of GDP.
You can go argue with Grok if you like.Total tax revenue (federal + state + local): Typically around 25–27% of GDP in recent years.
Theres your first mistake retard.
State & local taxes don’t go to the federal government.
just like I said, 17% of gdp currently.
you wanna keep on embarrassing yourself?
And it goes on to talk about federal tax revenue too. I left the benefit at state level in there to educate you that there is tax revenue generated at state level too. Something you clearly missed.
Doesn’t help the deficit but it does help Main Street.
As for the deficit as I have already explained it’s not something that will bring down the economy, Wall st have already thought of that numbnuts.
Deficits were here before Trump and it wasn’t sustainable long term under Biden either. So Trump has come in and instead of spunking the money on interest and hand outs to people who hate us he extended it to the US taxpayer instead.
To think the world will remain growing at the same clip that we are use to is a bit of a stretch. But time will tell, but the last 2 quarters of GDP are much higher than expected, if it continues it becomes a trend.
Deregulation will open up new markets to US companies as have the Tarriffs, we really are on the cusp of the golden age.
goose wrote: ↑25 Jan 2026, 21:30Nutsin wrote: ↑25 Jan 2026, 21:27Nutsin wrote: ↑25 Jan 2026, 21:09Per Trillion dollars in GDP generates approx &165-190 Billion dependant on who’s algorithm you choose to believe. Since 2020 US GDP has grown from $20 Trillion to $30 Trillion. Even with your speculative numbers that would more than pay for Trumps tax cuts and then some.
But do Carry on telling everyone just how much GDP the Us will generate over the next 5 years. We’re all ears.Per Grok AI.
The amount of tax revenue generated per $1 trillion in GDP depends on the tax-to-GDP ratio (also called the revenue-to-GDP ratio), which varies significantly by country, what level of government is included (federal/national only vs. all levels including state/local), and the specific year (due to economic conditions, policy changes, etc.).
This ratio represents the percentage of GDP collected as tax revenue. Therefore:
- Tax revenue per $1 trillion GDP = (tax-to-GDP ratio as a decimal) × $1 trillion.
### Key Examples (Based on Recent Data)
- United States (most common context for this question in USD terms):
- Total tax revenue (federal + state + local): Typically around 25–27% of GDP in recent years.
- OECD data for 2023: 25.2% total tax-to-GDP ratio.
- Earlier/recent estimates (2021–2024 period): Often cited around 27% (Tax Policy Center) or similar.
- → This means roughly $250–270 billion in total tax revenue per $1 trillion of GDP.
- Federal revenue only (what people often mean by "tax revenue" in US discussions): Usually 16–19% of GDP.
- Recent figures: Around 17% (U.S. Treasury Fiscal Data for FY 2025 estimates).
- Historical average (last 40+ years): ~17.4% (CBO).
- In some years like 2022: Closer to 19–20%.
- → This means roughly $170–190 billion in federal tax revenue per $1 trillion of GDP.
You can go argue with Grok if you like.Total tax revenue (federal + state + local): Typically around 25–27% of GDP in recent years.
Theres your first mistake retard.
State & local taxes don’t go to the federal government.
just like I said, 17% of gdp currently.
you wanna keep on embarrassing yourself?
Nutsin wrote: ↑25 Jan 2026, 21:27Nutsin wrote: ↑25 Jan 2026, 21:09Per Trillion dollars in GDP generates approx &165-190 Billion dependant on who’s algorithm you choose to believe. Since 2020 US GDP has grown from $20 Trillion to $30 Trillion. Even with your speculative numbers that would more than pay for Trumps tax cuts and then some.
But do Carry on telling everyone just how much GDP the Us will generate over the next 5 years. We’re all ears.Per Grok AI.
The amount of tax revenue generated per $1 trillion in GDP depends on the tax-to-GDP ratio (also called the revenue-to-GDP ratio), which varies significantly by country, what level of government is included (federal/national only vs. all levels including state/local), and the specific year (due to economic conditions, policy changes, etc.).
This ratio represents the percentage of GDP collected as tax revenue. Therefore:
- Tax revenue per $1 trillion GDP = (tax-to-GDP ratio as a decimal) × $1 trillion.
### Key Examples (Based on Recent Data)
- United States (most common context for this question in USD terms):
- Total tax revenue (federal + state + local): Typically around 25–27% of GDP in recent years.
- OECD data for 2023: 25.2% total tax-to-GDP ratio.
- Earlier/recent estimates (2021–2024 period): Often cited around 27% (Tax Policy Center) or similar.
- → This means roughly $250–270 billion in total tax revenue per $1 trillion of GDP.
- Federal revenue only (what people often mean by "tax revenue" in US discussions): Usually 16–19% of GDP.
- Recent figures: Around 17% (U.S. Treasury Fiscal Data for FY 2025 estimates).
- Historical average (last 40+ years): ~17.4% (CBO).
- In some years like 2022: Closer to 19–20%.
- → This means roughly $170–190 billion in federal tax revenue per $1 trillion of GDP.
You can go argue with Grok if you like.
Nutsin wrote: ↑25 Jan 2026, 21:09Per Trillion dollars in GDP generates approx &165-190 Billion dependant on who’s algorithm you choose to believe. Since 2020 US GDP has grown from $20 Trillion to $30 Trillion. Even with your speculative numbers that would more than pay for Trumps tax cuts and then some.
But do Carry on telling everyone just how much GDP the Us will generate over the next 5 years. We’re all ears.
Nutsin wrote: ↑25 Jan 2026, 21:09Per Trillion dollars in GDP generates approx &165-190 Billion dependant on who’s algorithm you choose to believe. Since 2020 US GDP has grown from $20 Trillion to $30 Trillion. Even with your speculative numbers that would more than pay for Trumps tax cuts and then some.
But do Carry on telling everyone just how much GDP the Us will generate over the next 5 years. We’re all ears.
Nutsin wrote: ↑25 Jan 2026, 18:58goose wrote: ↑25 Jan 2026, 18:35Nutsin wrote: ↑25 Jan 2026, 18:31As I said at the start let’s see what happens. Hopefully you upgraded your crystal ball from last year.
Looks like we are off to a strong start with all of the Trump wins in 2025. I expect 2026 to be a great year for the American taxpayer. You can continue to pray for your long game. LOLA strong start of growth lower than Biden, higher food & electricity prices and a ballooning national debt.
congrats.Yeah I know, the sky is falling!
Again. LOL
goose wrote: ↑25 Jan 2026, 18:35Nutsin wrote: ↑25 Jan 2026, 18:31goose wrote: ↑25 Jan 2026, 18:21Moving the goalposts because you’ve humiliated yourself?
Trump has seen the fastest accumulation of debt since…… the last time he was in office. That debt will balloon when the tax cuts land. $300bn a year additional debt remember.
Boosting GDP at a slower full year rate than Biden? Some achievement that.As I said at the start let’s see what happens. Hopefully you upgraded your crystal ball from last year.
Looks like we are off to a strong start with all of the Trump wins in 2025. I expect 2026 to be a great year for the American taxpayer. You can continue to pray for your long game. LOLA strong start of growth lower than Biden, higher food & electricity prices and a ballooning national debt.
congrats.
Nutsin wrote: ↑25 Jan 2026, 18:31goose wrote: ↑25 Jan 2026, 18:21Moving the goalposts because you’ve humiliated yourself?
Trump has seen the fastest accumulation of debt since…… the last time he was in office. That debt will balloon when the tax cuts land. $300bn a year additional debt remember.
Boosting GDP at a slower full year rate than Biden? Some achievement that.As I said at the start let’s see what happens. Hopefully you upgraded your crystal ball from last year.
Looks like we are off to a strong start with all of the Trump wins in 2025. I expect 2026 to be a great year for the American taxpayer. You can continue to pray for your long game. LOL
goose wrote: ↑25 Jan 2026, 18:21Moving the goalposts because you’ve humiliated yourself?
Trump has seen the fastest accumulation of debt since…… the last time he was in office. That debt will balloon when the tax cuts land. $300bn a year additional debt remember.
Boosting GDP at a slower full year rate than Biden? Some achievement that.
Nutsin wrote: ↑25 Jan 2026, 18:15National debt? most of it was already there before Trump took office? Boosting GDP and cutting Gov’t bloat and spending and reducing Interest rates are ways of reducing it. Weren’t you paying attention?
goose wrote: ↑25 Jan 2026, 17:32Nutsin wrote: ↑25 Jan 2026, 17:26goose wrote: ↑25 Jan 2026, 16:49I’m glad you quoted the CBO because they’re the ones telling you how much these tax cuts will add to the national deb and they’ve factored in the cost savings you mentioned. You’ve basically just confirmed what I said about debt growth due to tax cuts.
You can wriggle all you want but even 5% GDP growth (which it isn’t) only covers two thirds of lost tax revenue.
keep digging yourself deeper son.I’d ignore my last post too if I were you.I’m surprised you’ve got the front to carry on posting on this subject after the way you’ve embarrassed yourself.
We can post the link to the CBO document if you like? We can highlight the bit about national debt impacts.