Quote from bigdavediode:
And I'm pointing out that the founding fathers explicitly addressed this argument and found a flat tax lacking and they considered it unfair.
Personally I oppose a flat tax because it's wildly fiscally unsound. But I find it interesting that the founding fathers rejected it in favor of a fairer graduated tax system, where the poor pay nothing and the rich pay a higher proportion.
Quote from jem:
well I am willing to learn. Are you saying that the founders were in favor of a graduated income tax? That would be news to me - I thought the wanted to fund the govt through tariffs.
That's exactly what Obama wants to do: his famous tax cut is actually a check sent out to those who pay no taxes, or a tax rebate to those who do.Quote from bigdavediode:
Nobody likes taxes. The Democrats just seem to think that it's unfair to constantly hammer the next generation with fake tax rebates and more debt. This is called "paying the bills."
Quote from Yannis:
That's exactly what Obama wants to do: his famous tax cut is actually a check sent out to those who pay no taxes, or a tax rebate to those who do.
But, what he doesn't want to admit in his speeches, although clearly stated in his published plans, is that after the whole thing is done (checks, rebates, tax hikes, etc) the overall tax burden on the American economy will be raised by $trillions.
Which, of course, will set us back many years. Oh well.
Of course, we had 9/11 and two wars to finance too. You may like them or not, but there they were, our elected officials thought they were a good idea (not I though, on moral grounds.)Quote from bigdavediode:
...But that's the nature of voting in the Republicans and doubling the national debt.
Quote from Yannis:
Of course, we had 9/11 and two wars to finance too. You may like them or not, but there they were, our elected officials thought they were a good idea (not I though, on moral grounds.)
Nevertheless, what matters for the long run is growth and employment, and Bush's average numbers there look great, even better than Clinton's.
But, the question now is whether to elect (not Bush but) McCain who wants to cut entitlements - and from that reduction in spending balance the budget. Sounds good to me, everyone wins.