What I do mind, personally, is them illegally (as in, prohibited by current laws and regulations) dismissing as many people as they can without cause and without recourse to the correct labor review boards, etc that have been in place for decades.
There is some waste in the federal government, absolutely, but most jobs are underpaid compared to the market and worked by folks that want to do good work.
Waste can absolutely be found and cut and deprioritized, but the programs that they've started cutting with a chainsaw are small dollar programs that are trying to move things forward in many cases, or keep basic systems from going off the rails.
You want to go after government you evaluate and then cut and then make sure the congressional budget also cuts the funding.
Problem is - Congress likes these programs and they can't pass a budget to save their lives. They're good for their districts so they will make you spend the money through the law.
You have to work through the process - the way they're doing it is lazy because they're taking shortcuts instead of doing it right. White House, Congress, AND a number of court justices and they still don't have the will to do it the legal way with appropriate checks and balances. Shameful.
Who would you fire if they did things that support you throughout your day? Who would you fire if there was no backup plan? Who would you fire without even looking at their role OR their performance?
Along with tackling the politically hard things, you have to start addressing poor contract performance (not all of which is technically fraud, waste, or abuse but certainly some would fall under those categories). DOD wastes billions a year on contracts that won't deliver or may deliver but less than promised, late, and/or overbudget.
But if you care about this you cannot honestly argue for tax cuts. You should be arguing for a broad-based increase in taxes. But that's politically unpopular and tax cuts are popular.
I already pay 50%, how much do you want?
Care to break that 50% down?
Because I assume you're including a lot of different things in there...
Otherwise they will use their power to get rid of safeguards and government assets to essentially buy the governments power and assets.
If you want to significantly increase revenue, you'd have to tax the middle class harder.
I'm not automatically against taxing high income people, but the top 10% ALREADY pay 76% of federal personal income taxes.
Right, which comes out to, oh I don't know... say, 0 dollars if you're a billionaire?
These people have no income, they have wealth. The wealth is completely untaxable so long as it remains wealth. Which you can do, because the benefit of having wealth is you're given liquid money just by virtue of having that wealth. Meaning, you can infinitely take out loans and use said wealth as collateral. Probably your wealth is growing faster than the interest rate, too, so win-win: you also get free money.
Of course, OUR wealth, meaning the wealth most commonly held by the middle and upper middle class, single family homes, are taxable. We tax the unrealized gains on home equity all the time, it's called a property tax.
We have convinced the general population that the property tax is somehow not a wealth tax, and that it's actually good and they should be against wealth taxes. I mean, it's absolutely genius.
Like... samesies, I guess? This is an irrelevant stat without more context. It says nothing useful as-is, and even if that were fixed, it'd be of limited use because it concerns only personal income taxes. But you're presenting it as if it means something.
This kind of thing is what got you the comment you're responding to.
We can -- and often do -- monetize the debt, but printing money to pay the debt is a regressive tax that affects those with the least disproportionately, so I would imagine you aren't trying to push for that.
Super high earners don't earn W2 income. It's mostly long term cap gains or gains in tax advantaged accounts. A 90% tax would just encourage them to never sell their stock and to borrow against it instead.
What happens when the stock market is up one year and down the next?
What happens when you force them all to sell and there is not enough liquidity to support current prices so the act of selling hammers the value?
You are just saying "let's slowing take equity away from founders" so we can throw it away into wasteful gov. spending.
But seriously, inequality is a complex issue, just 'let's soak the rich' is a dumb take and won't solve anything.
But social safety nets, estate taxes, single-payer fed health insurance, etc.. might be interesting as well as other ways to approach this. For example, maybe corporate tax rate should be ZERO, but some percentage of profits (let's say 25%) should be paid as dividend to employees.
I believe the things I believe because I think they're the best things to believe (acknowledging my imperfect knowledge, potential for errors, etc). If I thought something else was better than what I believe, I would update my beliefs towards that. If you don't think your beliefs are better than the alternatives, you don't actually believe in them.
So yes, I think my goals are the best possible goals to want.
the Republican-controlled Congress passed an increase in the spending limit. DOGE isn't cutting costs -- they can't! That's Congress's job! All DOGE can do is shuffle around the funding, and even then, they only have the authority to do that a certain amount.
Congress mandated that the Executive spend $X Y ways. DOGE does not have control over _EITHER_ the amount OR the ways.
I am sympathetic with financial conservatives who want to shore up the budget but it would be nice if they would actually do that -- it would be an act of Congress, not the Executive.
Anything the Executive does about spending -- besides proposing budget changes to Congress -- is performative at best and downright illegal at worst.
Totally agree, Congress must reduce spending.
They had to increase the spending cap because we will be bouncing off it soon.
The history of Republicans is not good when it comes to reigning in spending. Neo-cons are just as bad as Democrats and some Democrats actually reduced spending. So, this shouldn't be such a tribal issue.
Which is deeply ironic given its association with the most hardcore of venture capitalists.