A talk about something that has been on my mind (US Gov. financial topic)

[Cheating_Expunged]

i cant vote yet

[Duke]

same

[Cheating_Expunged]

Youre too young to understand :(

[frylock]

youll learn this type of stuff in like

economics or us history

[abdullahbaig]

@Cheating_Expunged

Well, i suppose i should just jump in the pool instead of being slow

Yesterday i learned from my Financial Aid teacher that the United States government is going to cut all Federal Income Taxes
I can see why, for the us gov is paying for several things outside of the us, such as sex changes in Guatemala, cartoon stations in Iraq, and others that i dont feel like naming bc i don’t remember

Again, I can see why this is happening, but i can also see a problem with it

1. With people getting all the money they earned, that means more money to spend. That can go two ways:

• a) prices will go up, causing inflation to be worse than it already is.
• b) some people can afford certain things that they are in debt for

2. The more money in the bank = more interest you have to pay. Keeping money in banks, or paying off loans, cards, and mortgages will impact this as well. Sure the longer the time someone takes to pay, the more interest they have to pay. So it’d make sense to use the extra money you’re earning now to help pay it off faster right? I think so, but I also consider the fact that some people don’t have that mindset,

I will stop talking now, i want to hear your thoughts about this matter

I also want to point out that i wasted my time learning about how to calculate taxes without a calculator just for this to happen

sound interesting..