Best Thing for U.S. Economy: Raise Taxes

Quote from gnome:

Amerika is already the world's biggest debtor nation.

So, we BORROW MORE so we can GIVE aid to someone else? That's just fargin' crazy!:(


It quiet ok, with inflation going up....and dollar droping we will pay it off in no TIME!!!!
 
Rateesquad, wrote...
To the gentlemen who stated that we should abandoned all of contributions to the candidates....this task will be hard to do...b/c only the rich will then be able to run for candidacy.

Rateesquad, of course that would not be acceptable. what i would suggest is that after qualifying for federal election that all campaign expenses be uniform and taxpayer supported. All candidates, whether rich as Gates, or poor as Jesus, would have the same resources to the penny, and every penny spent would have to be rigorously accounted for and monitored. Again, this would require an amendment to the constitution so i have no delusions about the probability of this ever happening.
 
Quote from rateesquad:

It quiet ok, with inflation going up....and dollar droping we will pay it off in no TIME!!!!

Sure. We pay it off with Monopoly/Charmin Dollars.... but all of us Americans are also left with the same ass-wipe for money. NO THANKS!!
 
No doubt. This country needs a moderate libertarian. Fire all the Demorats and Repubictans.

Libertarianism + common sense/pragmatism = good shit


Quote from gnome:

Capitalism... (heavy sigh)... too bad we lost it.

Neither the Republiclowns nor Democraps should be in office... our only hope is someone like Ron Paul, Libertarian.

Unfortunately, most American's are only concerned about their own Gummint cheese.
 
Just wait until they stuff socialized healthcare down our throats. Even more money wasted, and there is no going back. Once the government gets its teeth into your jugular, they will never let go.

We will always be stuck with socialized healthcare, where people making a decent living pay double. Once to the government in taxes for socialized healthcare, and once again for their own private healthcare because the gummits healthcare sucks so bad.



Quote from thriftybob:

you ignored the money from social security.

we'll be needing it 5 yrs from now

smoke and mirrors. ignoring numbers doesn't make them go away.

we should have been running a huge surplus in those years to actually save for our retirements. we put the money in, but it dissappeared just like all money given to the government.

we will be eating dirt
 
Imagine the government pitching the idea of "socialized food".

Thats right, socialized food. No longer will people be stuck buying their own food, the GOVERNMENT will by food for you!

After all, lots of really poor people have a hard time buying food, so to be fair, were just going to raise taxes, and the government will buy everyone their food.

This way, everyone gets the same food, its perfectly fair! Its unfathomable that a US citizen go without food, so this will solve all your problems!

A bunch of morons jump on board and think this a great idea! No american will ever go hungry again! They preach about how wonderful it will be. We all get the same great healthy meals and service! By pooling resources, the government will cut out the middle man and all the overhead. Food will be better and cheaper and healthier! WOOOOOOOOO!

So the law is passed, our taxes sky rocket and a box full of day old McDonalds shows up at the door step each day, at every citizens home.

Every american who can afford it, throws that crap out, goes out and buys their own good healthy food, paying double what they did before.

Sound familiar? It should. This is what usa govt socialized healthcare will be like.
 
Higher taxes = bad economy. We need to slash spending reduce all taxes and government programs. Capital gains taxes are the stupidest taxes out there. What do you think drives growth in a country? It's innovation and capital investment. Let's just penalize people investing their capital. The more taxes you tack on the less capital available for investment. The US should consider itself lucky that so many foreign countries are willing to invest in the US, otherwise it would be in the toilet. If we had to rely on the capital and savings of people in this country we'd be fucked, cuz everyone spends everything they make for years out. Honestly, with all the innovation that comes out of this country, its' growth rate should be among the highest in the world.

Taking money from the free market and putting in the hands of the government is the fastest way to the poorhouse. Explanation and examples are too numerous to post. If you need to reduce deficit, slash spending. The government is way too big as it is. Too bad it'll never happen.
 
Quote from piezoe:

Moreaqr, were the Mellon and Kennedy cuts followed eventually by inflation and currency devaluation and permanently increased debt levels? I know the Reagan "supply-side" economy was followed by very large currency devaluation and recession. It would seem that tax cuts do "goose" the economy but might not have a net long-range benefit if they occur at the wrong time for the wrong reasons.

Hi piezoe,

the massive inflation was caused by LBJ and the great society spending, bretton woods 1971 collapse -- the dollar drooped like a rock after 1971 when the gold standard was drooped .1973 oil embargo and the price controls of Nixon did not help. spending from vietnam.

cuts help alot it gave an incentive to invest both personally and business. look at GDP growth inflation and M1 M2 figures

oh also i forget piezoe.... the recession in 1981-1982 was caused when volker and reagan wanted to stop inflation... so they did by jacking up interest rates (Discount Fed funds , prime rates... after 1983 gold fell interest rates came down.l agrowth began with little to no inflation co compared to the late 1970's
 
Quote from traderdragon2:

No doubt. This country needs a moderate libertarian. Fire all the Demorats and Repubictans.

Libertarianism + common sense/pragmatism = good shit

If you don't change the system, in few years it's going to be the same old....shit. Why do you think one person (or few) could change the political system from ground up? As long as every idiot can vote (=social democracy) NOTHING WILL CHANGE.
Or money run out (entitlements). I don't think they can inflate as much as they could in the past. This paradigm changed I believe.
 
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