I’d rather be at the mean income wise in a society with low inequality than in the top percentile of a society that has large inequality. I’ve been both.
I can agree that overspending is not a good thing, but I don’t think the solution is cutting out public programs altogether, I think we should focus on making those programs efficient, eg not making them a charity for multinational corporations that are in great part owned by the very states we consider our “enemies”. Maybe we shouldn’t be lining the pockets of the oil and gas industry, big pharma, etc and instead be lining the pockets of the American people with value through education, opportunity, etc.
What used to happen before vast income tax regimes and welfare states arose was that people who were wealthy would donate huge amounts of money to charities that did what they thought were the right thing. Even the working class donated 10-20% of their income to charities that did the right thing. The way you guarantee that money is spent on the right thing is by having the power to spend it, which means lower taxes.
The social safety net that governments provide today used to be a function of community charities and churches. Even modern healthcare has an analogue here.
Refusing to seek that out isn't the same as it not existing.
That's not to say the decisions were perfect, far from it. But thinking we can arrive at better outcomes by just throwing it all away and ignoring all we've learned is the height of insecurity and arrogance, not a sign of strength.
Edit:
> that's why Americans just voted for someone who vowed to decrease spending
The number of people that voted as they did that would switch their vote if only someone would explain where their taxes went in more detail is extremely small.
We will find a new equilibrium. It will likely not be 0 spending and will hopefully not be the spending regime we have today.
1- Campaign on promise of mass deportations and massive cuts to Fed gov
2- Win the election
3- Begin presidency
4- Deliver campaign promises to cut spending & deport illegal immigrants <--*We are here*
That is absolutely not a given. The currently in-power minority earnestly believe that people are only due the level of healthcare they can personally fund and afford, period.
> These are real questions that Americans are trying to answer right now.
Which Americans? There's no grand debate happening right now, just a table-flipping tantrum.
It's a fun exercise to do the chin-stroking thing of asking about efficiency and tax rates and so on, but it's so disconnected from the reality of the federal budget that it's hard to believe it's anything other than a cynical tactic.
Military spending is the overwhelming majority of non-discretionary spending, and there are effectively no limits to it. Meanwhile, extremely high-leverage foreign aid (like the HIV-related treatments that have been mentioned) are always first on the chopping block, along with things like school lunches and early childhood education that have been demonstrated to be effectively free in terms of how much spending on remediating bad outcomes later in peoples' lives.
>Military spending is the overwhelming majority of non-discretionary spending
This is so wildly wrong and easily disproven that I really can't take the rest of what you say seriously.
In the US spending is controlled by Congress. The Congress was voted on by the people. The idea that Trump throwing bombs into the federal budget is democracy but following Congress' passed budget isn't is ridiculous.
Did we watch the same campaign? Trump absolutely campaigned on ending DEI too. The electorate hates DEI programs. Cutting spending and DEI programs is what got him the popular vote.
You hate white people. Just day it.
It's okay to hate whites on hackernews, just call them Trump-tards.
The purpose of the narrative that DEI is "institutional racism" and the goal of its elimination is to normalize the belief that non white straight male and able-bodied people are inherently less qualified for any position, and to allow legal systemic discrimination against such people.
Which is racist, yes. And sexist, and homophobic and transphobic and ableist.
If you could please not create accounts to break HN's rules with, we'd appreciate it.
If you don't want to be banned, you're welcome to email [email protected] and give us reason to believe that you'll follow the rules in the future. They're here: https://news.ycombinator.com/newsguidelines.html.
sigh
https://www.cbo.gov/publication/59729
Defense accounted for $805B out of a total discretionary budget of $1.7T. The next largest category (using the CBO's classifications, not mine) are veteran's benefits @ $131B, and it goes down from there. If you want to quibble with what "overwhelming majority" means, I guess you can do that, but I doubt that's interesting to anyone.
I'll wait for you to 'disprove' the above.
tbc, I am not surprised by any of this (as you say, he was very clear about his intentions), but let's not pretend that there is any policy-specific valence to the outcome of any vote in the current electoral system. People vote as they do for their own (usually terrible, and usually unrelated to policy) reasons, and the people that win get to do what they will with the power bestowed upon them. Insofar as Trump's and Republicans' actions make life for the bottom ~80% harder, don't be surprised as buyers' remorse sets in pretty heavily. And so goes the "debate".
805/1722 = 0.467
I should have said is that defense is the largest single category of discretionary spending, by a large margin. The thrust of the point remains.
Defense spending is absolutely a priority of this administration. SecDef Hegseth's whole thing is about reorienting the Pentagon back to American defense as the priority. Remember that getting Hegseth confirmed was a major push for the brand new admin.
So spending won't go down but will hopefully be spent more effectively.
Until last November, Hegseth's "whole thing" was being a frat anchor / defense witness for Fox. Talking about him being anything like a serious figure is absurd.
Why ask about raising individual American taxes while turning a blind eye to Trump gunning at lower corp taxes even more than he already had? And we know it will happen because he gets it done, for America *cough oilarchs*
I would be okay with Trump raising the corporate tax rate, instead of saving some 296 of the largest US companies $240B in taxes between 2018-2021[0]. Though this time should be even more, right? He's going to take it to a whole new level of lowest tax rate for Corporates than "any nation on earth". Can't wait for him to lower the tax burden on Big Corp even more, Those C-suites, investors, have such a hard life scrapping by the way they do. No wonder they can't afford better wages for the workers. Let's keep the tax burden on the middle class where it belongs so we can Make America Great Again.
[0] https://itep.org/corporate-taxes-before-and-after-the-trump-...
No they’re actually not. You made those questions up as absurd examples, and they’re absurd.
Americans are already paying far more in privatised taxation - tribute - to healthcare companies, landlords, fossil fuel companies, and loan sharks of various kinds - than they would pay with higher federal tax rates investing in R&D, infrastructure, education, clean energy, and public health.
There's nothing hypothetical about pointing out that the billionaire economy is massively distorted and extractive, and is caused huge public harm which will literally remain visible for geological timescales.
If Congress voted for 50% taxation and could somehow prove to you that it was all going to care for those less fortunate than you, would you be okay with that? 75%? 90%?
What quality of life are you aiming for the recipients? Do they each get a cot in a shelter? Their own room? Their own apartment or house? Do they get it with no strings attached or do they have to try to improve their own lot while the taxpayer helps them?
How long do we want to extend lives for? Surely we all agree on medication and life-saving care for children. Should a 95 year old get hundreds of thousands of dollars to extend their lives for 6 months?
These are real questions that Americans are trying to answer right now.