- cross-posted to:
- Mirror@50501.chat
- politics@lemmy.world
- cross-posted to:
- Mirror@50501.chat
- politics@lemmy.world
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Why would you say “half” when you could say “500”?
500 Billion Dollars.
A trillion is larger than a billion, so half a trillion is a more rage bait headline.
Humans can’t fathom the vast distances of space. How are we going to fathom a trillion dollars?
at least, in part.
truly disgusting. I saw an article that fElon and Drumpf are taking away payments that orphans get because they have no parents. Meanwhile, half a trillion is probably being redistributed to fElon and drumpf.
You didn’t see an article, you saw a screenshot of a tweet. As far as I can tell that was a lie. We should not be spreading lies when there are enough true horrible things they have done we could be talking about.
Unless I’m wrong and you’re the one person on Lemmy that actually saw an article supporting that claim. I’d like to be wrong, if I am could you please link the article?
I think you’re right. Maybe it was a screenshot. I can’t remember.
500,000 millions
Pretty sure one trillion is a million millions.
Correct. I’m referring to the posts half a trillion.
Be that as it may, it’s a significant amount of money that will not be collected but will now trickle down… excuse me, I have a very hard time keeping a straight face hahaha
I think it’s the opposite. We’re all used to “a billion” now, even thought we can’t really concieve of it the way we can, say $100. But a trillion is just space money. Just make it a gazillion.
500 Billion has real competitive traction - people are billionaires, this is more than them, etc. A trillion is something you have nanoparticles of, something very small.
“Billion”, sadly, is a term that nowadays conjures an individual human or corporate level figure.
“Trillion” is an economy level figure and suitably conjures an idea of how fucked up you all are.
IMHO.
yup. especially we like our ancestors for quite some time back have only dealt in thousands back when the richest dealt in millions.
Rage is the only reasonable response.
it’s the direction the figure is no-doubt going. in six weeks, that estimate will be a lot higher.
‘half a trillion’ now is a very fair choice of wording.
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What are the odds that they saved the US money and kept it a total secret rather than to brag about it.
So low that I think this is a smoking gun that they failed to do so. We now know it didn’t work out because they are quiet.
@fake_meows @Polderviking they cut loads of things that are a small (comparative) expense that bring in, or save, a lot of money, or support the economy. Like the national parks and USAID, and *all science*. Those new expenses won’t be realised for a while but in the mean time they’re paying off sacked staff left and right, paying the DOGE team, and fighting legal rulings. It’s a ridiculous way of going about anything.
All of the receipts on the stupid DGE website so far have been lacking any and all context, which makes their “savings” worthless without more accounting. Okay, so they cut $1bn from one program by cancelling it, but what if that $1bn that was being spent was generating a return of investment down the road? Then they cut a service that actually ended up costing the taxpayers less than the alternative, which then needs to be recouped somehow.
I compare it to a mayor slashing the police budget because crime is at an all time low - completely ignoring that the cause of the crime being low was a well-funded police force. Shortsighted idiots should never be in charge of money.
Only the savings matter to them unfortunately.
I bet they’ll defund the IRS too. Did you know that every dollar in IRS funding brings multiple dollars back to the federal budget? It’ll have diminishing returns eventually, but the 1:1 point hasn’t been hit. Essentially it’s because IRS can catch more tax evaders if they have better funding.
Some things that just have high prices are worth it, because all the alternatives can be worse.
Yeah, its a circular economy. So for example, all your federal workers spend, save, invest and pay taxes in the country.
I think this a good small example: https://www.nasa.gov/news-release/new-report-shows-nasas-75-6-billion-boost-to-us-economy/
NASA budget is about $25B
That money (which is respent in the national economy) adds $75B to GDP. 3:1 multiplier effect.
So by finding NASA by $25B you get most of it back again in taxes AND you get all the jobs, services, technology etc. Its a huge list of benefits that is basically paying for itself. That’s 300,000+ jobs and $10B in more downstream taxes…that counts against the $25B budget…it is really a net $15B tax spend to bring in $75B in GDP increase.
If you cut this program, you shrink the overall economy, drop.GDP AND lower future tax revenues. So when the money these programs spends is multiplied out through the economy in a circular way, the high price tag is a useless / pointless way to analyze the value of the return. You need to have the full systemic analysis or you’re just doing damage…
This is every government program. My own small business I can track higher sales when SSI checks go out. The grocery store lines are longer and all the seniors are lining up to get groceries when the checks arrive…
And even if you “save money”, what would you turnaround and do with it if not fund NASA and social security? Do they have a better idea? What else do we need that money for?
And even if you “save money”, what would you turnaround and do with it if not fund NASA and social security? Do they have a better idea? What else do we need that money for?
Tax cuts for the rich.
They’re just gonna make shit up like they always do. They’ve already tried overinflating their “savings”, I’m sure they’ll just do it again. If the first lie doesn’t work, go BIGGER!
It’s real easy to fake the data here, focus entirely on agency spend and completely ignore any savings the agencies themselves may have been responsible for. That can be hard to quantify anyways. They’ll do that and right wing media will eat it up.
They, as serious and responsible managers with only the interests of their citizens at heart, chose to keep it in the most reliable, safe place possible, in their own pockets.
IN A MONTH.
4 years of months left to go.
Maybe next time people can get off their fat fucking asses and vote. Or, if you did vote, maybe vote more intelligently next go around.
If we’re even allowed to vote ever again.
It’ll be allowed, but they’ve just got to make sure only the “right people” get counted.
Tomorrow: IRS has been fired.
No because IRS is helping capture immigrants
Are we winning yet? Are we great?
Eggs now cost 4 cents per dozen
They’re very efficient at destroying the country.
This was always the plan.
Hmm, I wonder where it went /s
This needs to be bigger news on the mainstream channels, but you know it wont be.
I’m so tired of this shit.
They all need to be jailed.
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At least with musk himself it would be grand to see him spend his life in a padded cell with nothing to do and bland food.
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I’m for both to be honest.
Hanged by their bootstraps
Correction - they efficiently lost half a trillion dollars for the USA
Again. This is bad journalism. It’s not lost, it’s “lost.”
i don’t understand your point. the article reports that the IRS is being disrupted by DOGE, and as a result, IRS agents are not able to do their jobs properly, which results in less tax money being received
That money isn’t lost. That’s my point.
Not sure what you mean. Their job is literally to collect money. If you want to play the revenue concept its till lost revenuer. Would you prefer theft by the rich?
If you owe me money and I don’t get it then its lost. Or you didn’t pay me so you stole money from me. Please give me another example of how its not lost instead of just saying the words. Give me an explanation or an example.
I think their argument is that the tax revenue is still owed, whether it’s collected or not. So the IRS could absolutely get back on track post Trump and pursue these unpaid taxes.
Lets see how long it takes them to turn US Treasury Bonds from their AAA+++ (or whatever) status down to D.
“Lost”… yeah, “lost” it in their bank account.
