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You do not have to be Collage Professor!
You do not have to be Collage Professor!

Treasury Secretary Scott Bessent has claimed that Working Families Tax Cut, taxpayers who invest in Qualified Opportunity Zones will receive additional tax benefits, spurring economic growth and job creation in rural and underserved communities. As economy history teacher he may miss the issue that the current numbers on money on the market as well as in economy will not change. The question is therefore as how you will calculate these moneys? You can go through auction-off as borrowing raise the debt to cover the deficit then you will have additional money for Bessent ideology or you can calculate the existing money by certain political decision. Raise the wages and salaries … collect the very same taxes and close the deficit gap in gov books. For example, in 2025 Gov collected $2.4trillion as revenue deriving from wages and salaries. The growth model will require about 60% raise in wages and salaries to work for the nation as the privet borrowing finally will exceed the Gov borrowing upon creating additional revenue. That will raise $1.4triilion alone on wages and salaries plus revenue on borrowing and the Gov deficit for 2025 is closed at “0” deficit. And as what will cost this action in Gov books? … nothing because the fund will derive from existing debt converted to liquidity.

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