He makes a lot of sense

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They constantly try to escape from the darkness outside and within
Dreaming of systems so perfect that no one will need to be good T.S. Eliot

So let's do the proper thing and ignore him.

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"The great pleasure in life is doing what people say you cannot do."

I guess there is no perfect plan, but I fail to understand Main Street not objecting for a better plan.

I think ignoring him would be wise...basically he wants to double down on what we have been doing - spend more on education, give cash to poor people.

I love it, he says it will not do shit and then says I am in favor of tax reduction if its deficit neutral - which can only happen if we spend less.

This tax bill has been done in an intellectually lazy way, as per the efforts towards healthcare. It certainly won't simplify individual's tax filing, and will increase the deficit substantially. The economy is already doing well, with unemployment near historic lows and the stock market at record highs. This is the time to seek to reduce the deficit. (The time to fix the roof is when the sun is shining.) This tax bill, apart from not really helping much of the middles class and few of the working class, risks putting the country in such a deep fiscal hole that it will ultimately make the last financial crisis look like a little soft patch.

First Bloomberg mentions that corporations are sitting on record amounts of cash, but he never tells us why they won't spend it. And he doesn't want to discuss where that cash is hidden (overseas).

]https://www.forbes.com/...system/#49cf7eaa77ce[/url]

Then he goes on to emphatically tell all of us that those blue states with incredibly high income taxes will have a harder time raising taxes, to do good work for their citizens. Considering the high income tax rates blue states already have, why has government not been doing all these good works for their citizens? Why do all these blue stats have such atrocious infrastructure? Failing schools? Bloomberg is a fool, liar, and worse, an out of touch hypocrite. We continually hear the complaint from citizens of blue states that they subsidize the red. Yet there is that ugly truth, in the federal tax code it is the citizens of red states are subsidizing the citizens blue states and thus allowing incompetent governing to continue in these blue states.

I don't think everything in the tax bill is good, but the idea that it is bad because the blue states will not be able to further raise taxes must be a joke, or the rant of an incredible idiot who still thinks regulating the size of soda glasses is an intelligent move by government.

Some truth there. Factor in this too: https://www.theatlantic.com/...h-are-takers/361668/

Nothing is stopping him from volunteering to pay more.

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Civilize the mind, but make savage the body.

- Chinese proverb

I know this sound funny, but adding $100B a year is chump change at this point...We are $20T in debt and will hit $1T deficits within a few years regardless. We are already in a deep hole. Do really believe this bill will destroy us, really?

Would love to hear how we actually reduce the deficit - do tell.

hmmmm? How to reduce the deficit. Let's see... How have dozens of other countries in Europe and across emerging markets managed it in recent years? Oh yes, they reduced spending and, in some cases, raised taxes too.

Sell ms, ar, mo, ok,

Or you could sell CA, NY, WA, OR

You would get more money....but hard to give up all coastal properties.

European countries are a lot more efficient with their tax money than America is. The ROI on US tax money is pretty poor compared to Europe.

Are you tapping out? How would you do it? Are you saying we are similar to Norway or Ireland? Details please.

Details. Ha. Munchkin said he had a team of 100 working round the clock and look what they came up with, and you want me to give you details in the LR?

what I'm saying is that in order to reduce the deficit, then fundamentally we need to cut spending and raise taxes, not the exact opposite. Especially when the economy is doing fine.

Maybe we should make it official that politicians are bought in this country. In 2020 forget political ads and super PACs whomever can pay off the biggest amount of national debt gets to rule for the next 4 years. <I think this should be pink, but based on the reality of current Onion stories it’s hard to tell>

In 2020 forget political ads and super PACs//

There's your problem right there, what idiots base their votes on what they see on tv/social media ads from these groups? Too many apparently, so lets fix that first, maybe some education??As a country we seem to have been falling in the wrong direction in this category for some time now..