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Did Trump’s 2017 tax cuts actually pay for themselves?
Feb 11, 2025
The discussion tackles whether the 2017 tax cuts have actually paid for themselves through increased economic activity, revealing insights on federal revenue growth influenced more by inflation. It also dives into a corporate giant's ambitious investment proposal linked to AI and its implications. In a fascinating twist, genetic engineering efforts aiming to revive extinct species like woolly mammoths and dodo birds are put under the spotlight, exploring the science behind 'functional de-extinction' and its broader ecological impact.
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- The 2017 tax cuts have raised questions about their effectiveness, with revenue increases attributed more to inflation than sustainable growth.
- Colossal's project to resurrect extinct species emphasizes genetic engineering's potential for both ecological restoration and innovative commercial applications.
Deep dives
Evaluating the Impact of the 2017 Tax Cuts
The discussion surrounding the 2017 tax cuts centers on whether these cuts can truly pay for themselves by generating increased economic activity. While it initially appears that there was a $1.5 trillion increase in tax revenue from 2018 to 2024, this figure is largely inflated due to soaring prices rather than genuine economic growth. Experts argue that companies increased their revenues by raising prices, not from sustainable growth driven by the tax cuts. As a result, any extension of these cuts may not yield the same financial returns moving forward as inflation stabilizes.
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