Hello Darth,
That's called making things up. We need to talk about what is real and known and actually said. The imaginary belongs in dream world. If your fears are proposed, that would be the time to have that debate.
The only way that could be shown is if we try taxing the rich more and see how it works out. And if more is asked for after that, there will be plenty of time to have that discussion then.
We've already got that. How much of the middle class can be decimated? How much debt can we place the young in for their required education? How difficult can we make it to start out in this economy and buy a home? When we have labor and environmental laws that require people to be paid a minimum amount and those workers are in competition with underpaid overworked foreigners who work for next to nothing then our workers are in a race to the bottom. We need to require that imports come from countries with labor and environmental standards which match our own.
No, it doesn't. Revenue has been cut too much. The government can't pay it's current bills without borrowing a trillion a year. We have to address that.
No it can't unless we tax the rich more to pay for it.
A little inflation is preferable. Stagnation and deflation are just as much of a problem.
Anybody who is paying a $1000 a month in taxes doesn't need any help from the government. If they can't live on the income which would be in that tax rate, then they are not spending their income wisely. This is not the part of the economy that needs help. You don't help the poor by helping the well-off. You help the poor by helping the poor.
That's pie in the sky. There is not enough government spending which can be cut to balance the budget. And there is no agreement on what to cut. Liberals would cut the military, conservatives would cut social programs. There is no consensus, so neither can be done.
The rich will not leave the USA to get richer by paying less tax. People don't choose where they like to live based on the tax rate. The live where they want to live. I can just hear the conversation now. He says: "Honey, we have to move to XYZ p[lace because they have lower taxes and we'll save a lot of money." And she says: "Go ahead dear. I'm staying right here near where my grandchildren live. We already have plenty of money. Having more doesn't interest me. Spending time with our family does."
That’s why Social Security is in trouble: once the government gets ahold of money they spend it. If you think the tax dollars confiscated from the super rich would be put in Al Gore’s Lock Box or given straight-over to you and me—-you are delusional or you don’t know how our government works.
That is total hogwash. Nobody has a more stringent budgeting process than the federal government. It is examined, defined, planned, and gone over with a fine tooth comb. Detailed records are kept and thorough informed projections made based on the best analysis. It is debated and reported on, and published for all to see. It could hardly be a more methodical process. Every cent the government collects is already scheduled to be spent for a specific purpose. All new spending proposals include detailed plans for how they get paid for. The one absolutely most secure investment agreed upon by all financial experts is government Treasury Bills. If you want to keep your wealth as safe as possible the place to keep it is in the federal government. There is universal agreement on this. The US federal government has the best credit in the world, because the US Federal Government is THE most secure place you can put your money. Not only is it the most secure place you can put your money, it is the world wide standard, by which all other investments are gauged.
My views clearly represent a position of being socially liberal and fiscally conservative. I have been a regular proponent of balancing the federal budget, and continually noted that the Republican tax cut would not and has not paid for itself, and advocated for collecting more revenue from those who can pay it without batting an eyelash, and for collecting sufficient revenue to pay our bills. Fiscally conservative means being responsible with the budget, not cutting taxes with no plan for replacing the lost revenue. I have called the tax cut irresponsible because that is exactly what it is. You can't cut your income and continue to pay as many bills, and you certainly can't cut your income and pay MORE bills, as Trump has tried to do. THAT's irresponsible, and NOT fiscally conservative!
I know lol!
Trump is vulnerable on fiscal responsibility. The glaring problem is that NOBODY on the scene is a fiscal conservative. ESPECIALLY, on the democrats side. Trump says he wants to get around to it in his second term.
We’ll see.
You have way too much faith in government and/or their ability to handle other people’s money. The naïveté nearly leaves me speechless, in fact.