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Thread: Politics Thread

  1. #14331
    Voice of Reason Masterofreality's Avatar
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    The “Inflation Reduction Act” does not cause a “Reduction of Inflation”, per Wharton Business School.
    Joe BLiar-den.

    https://www.cbsnews.com/news/inflati...-penn-wharton/
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  2. #14332
    Supporting Member paulxu's Avatar
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    That seems like a good indicator of what might happen, the Penn Wharton Budget Model.
    They do note that:

    But the impact on inflation "is statistically indistinguishable from zero," the Penn Wharton Budget Model said on Friday.
    Buried in the bill is a provision almost 20 years overdue. The Part D drug plan was passed in 2003, but Republicans prevented Medicare from negotiating with drug companies on drug pricing. Insurance companies could, but not the government.Tthat was finally changed.

    The Wharton model has a good track record; they noted about the latest trickle down attempt passed in 2017:

    Put simply, the model’s analysis finds that not only will the Senate tax plan not pay for itself, but it will add more than $1 trillion to the nation’s deficit in the next ten years.
    They were right about that.
    ...he went up late, and I was already up there.

  3. #14333
    Voice of Reason Masterofreality's Avatar
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    Quote Originally Posted by paulxu View Post
    That seems like a good indicator of what might happen, the Penn Wharton Budget Model.
    They do note that:



    Buried in the bill is a provision almost 20 years overdue. The Part D drug plan was passed in 2003, but Republicans prevented Medicare from negotiating with drug companies on drug pricing. Insurance companies could, but not the government.Tthat was finally changed.

    The Wharton model has a good track record; they noted about the latest trickle down attempt passed in 2017:



    They were right about that.
    There is zero guarantee that having the GOVERNMENT negotiate drug prices that it will bring them down. In fact some analysts say that this may actually increase either the prices for some drugs or medical insurance premiums.
    On the 2017 tax bill. So. Since it is so terrible Paul, and since YOUR side is in total control of all 3 legislative and executive branches,
    How come that there has been no legislation proposed to change that 2017 bill? Huh?
    Know why? Because it caused great economic growth, is popular, and is electoral suicide to change it. “Trickle Down” Economic Growth indeed!
    You need to really improve your responses.
    Last edited by Masterofreality; 08-14-2022 at 03:00 PM.
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  4. #14334
    Supporting Member bjf123's Avatar
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    Anyone care to guess what will happen when the government negotiates lower drug prices for Medicare? The drug companies aren’t going to simply accept lower selling prices on a boatload of sales and the related hit to earnings per share. They’ll make up the revenue somehow. I’m going to go out on a limb here and say the prices everyone else pays will go up.


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  5. #14335
    Supporting Member bobbiemcgee's Avatar
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    Seems simple to me. Medicare pays the same as VA pays, not double or triple.
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  6. #14336
    Supporting Member paulxu's Avatar
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    Quote Originally Posted by Masterofreality View Post
    There is zero guarantee that having the GOVERNMENT negotiate drug prices that it will bring them down. In fact some analysts say that this may actually increase either the prices for some drugs or medical insurance premiums.
    On the 2017 tax bill. So. Since it is so terrible Paul, and since YOUR side is in total control of all 3 legislative and executive branches,
    How come that there has been no legislation proposed to change that 2017 bill? Huh?
    Know why? Because it caused great economic growth, is popular, and is electoral suicide to change it. “Trickle Down” Economic Growth indeed!
    You need to really improve your responses.
    Perhaps you should read the Penn Wharton budget analysis on the bill just passed, that you provided?

    Trying to claw back some of the give away to the super high income groups.

    Most, but not all, of the tax increases fall on higher income households. However, future generations, including higher-income households, gain from the improved economy, including a reduction in carbon emissions.
    https://budgetmodel.wharton.upenn.ed...-reduction-act
    ...he went up late, and I was already up there.

  7. #14337
    Supporting Member bobbiemcgee's Avatar
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    Quote Originally Posted by Masterofreality View Post
    Know why? Because it caused great economic growth, is popular, and is electoral suicide to change it. “Trickle Down” Economic Growth indeed!
    You need to really improve your responses.
    Wrong as usual

    https://www.thebalance.com/cost-of-t...x-cuts-4586645
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  8. #14338
    Supporting Member Strange Brew's Avatar
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    Quote Originally Posted by paulxu View Post
    Perhaps you should read the Penn Wharton budget analysis on the bill just passed, that you provided?

    Trying to claw back some of the give away to the super high income groups.


    https://budgetmodel.wharton.upenn.ed...-reduction-act
    They included reduced carbon emissions as an economic benefit? Seems like a soft analysis if so.
    Last edited by Strange Brew; 08-15-2022 at 10:11 AM.
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  9. #14339
    Supporting Member Strange Brew's Avatar
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    Quote Originally Posted by bobbiemcgee View Post
    Tax cuts are not a “cost”. Erroneous far Left way of thinking.
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  10. #14340
    Supporting Member bobbiemcgee's Avatar
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    Quote Originally Posted by Strange Brew View Post
    Tax cuts are not a “cost”. Erroneous far Left way of thinking.
    Rated "least biased" but then it won't make any difference to you, everybody's a leftist.

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    Last edited by bobbiemcgee; 08-15-2022 at 11:22 AM.
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