Raddison wrote:
Not Alan wrote:
He’s answered this a few times but apparently you and the dems don’t or refuse to understand.
USMCA = more jobs in USA = higher payroll taxes = higher FICA (social security + Medicare) contributions = lower unemployment = lower unemployment benefits = higher consumer spending = higher export revenue = lower import costs = etc, etc, etc
Every politician from all across the spectrum has used this line of argument to justify their pet projects. Do any of the following sound familiar?
Tax cuts= more jobs in USA = higher payroll taxes = higher FICA (social security + Medicare) contributions = lower unemployment = lower unemployment benefits = higher consumer spending = higher export revenue = lower import costs = etc, etc, etc
Infrastructure spending = more jobs in USA = higher payroll taxes = higher FICA (social security + Medicare) contributions = lower unemployment = lower unemployment benefits = higher consumer spending = higher export revenue = lower import costs = etc, etc, etc
Increased Tariffs = more jobs in USA = higher payroll taxes = higher FICA (social security + Medicare) contributions = lower unemployment = lower unemployment benefits = higher consumer spending = higher export revenue = lower import costs = etc, etc, etc
Reduced Tariffs = more jobs in USA = higher payroll taxes = higher FICA (social security + Medicare) contributions = lower unemployment = lower unemployment benefits = higher consumer spending = higher export revenue = lower import costs = etc, etc, etc
Quantitative easing= more jobs in USA = higher payroll taxes = higher FICA (social security + Medicare) contributions = lower unemployment = lower unemployment benefits = higher consumer spending = higher export revenue = lower import costs = etc, etc, etc
More spending on education = more jobs in USA = higher payroll taxes = higher FICA (social security + Medicare) contributions = lower unemployment = lower unemployment benefits = higher consumer spending = higher export revenue = lower import costs = etc, etc, etc
More spending on defense = more jobs in USA = higher payroll taxes = higher FICA (social security + Medicare) contributions = lower unemployment = lower unemployment benefits = higher consumer spending = higher export revenue = lower import costs = etc, etc, etc
More subsidies to the energy sector = more jobs in USA = higher payroll taxes = higher FICA (social security + Medicare) contributions = lower unemployment = lower unemployment benefits = higher consumer spending = higher export revenue = lower import costs = etc, etc, etc
Reduced regulation = more jobs in USA = higher payroll taxes = higher FICA (social security + Medicare) contributions = lower unemployment = lower unemployment benefits = higher consumer spending = higher export revenue = lower import costs = etc, etc, etc
Reduced corporate taxes = more jobs in USA = higher payroll taxes = higher FICA (social security + Medicare) contributions = lower unemployment = lower unemployment benefits = higher consumer spending = higher export revenue = lower import costs = etc, etc, etc
More subsidies to small business = more jobs in USA = higher payroll taxes = higher FICA (social security + Medicare) contributions = lower unemployment = lower unemployment benefits = higher consumer spending = higher export revenue = lower import costs = etc, etc, etc
If all these were true then there would be no unemployment, each household would have at least 100K a year for eating out and entertainment, retirement would be at 45 and the government would be paying us taxes.
Trust me the net effect on you of the USMCA compared to NAFTA will be zero. But don't worry, a lot of fat cat consultants and lobbyists made a small fortune advising all the various levels of government during the negotiations. And guess where the money to pay them came from?