How much is enough?

Discussion in 'Politics' started by TorJohnson, Apr 9, 2012.

  1. TorJohnson
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    TorJohnson BANNED

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    What ought the tax rate be? Most Republicans seem to think that raising taxes should never occur. AND they are constantly trying to cut them.

    Anyone who's balanced a household budget knows you have revenue and expenditures.

    You can't afford steak if you don't go to work for 4 out of 5 days this week.
    Yet we have been buying steak in spite of the fact that we don't have enough revenue coming in, because we've willfully LOWERED our revenues. Classic Ant and Grasshopper.
    Idleness today at the expense of security tomorrow.

    So, what should our top tax rates be?
    One can see that working class people pay a higher tax rate than the rich.

    [​IMG]


    And the the middle class has been expected to pick up the slack from corporations buying politicians lowering the the effective corporate tax rate though numerous loopholes and dodges.
    [​IMG]

    That leaves the rich, who saw their tax rate drop by over HALF over the last 30 years or so. What benefits have we realized from all the economic activity that came from "letting people keep their own money"? Jobs? Higher wages for workers?

    I would submit that we have passed the line on the Laffer curve that optimizes income by cutting taxes. Now, decreased tax revenues are actually HURTING us, as we cannot pay down our debt because we CHOOSE to not raise taxes.



    The same goes for "limited" government. At what point do you "limit" government so much that it becomes impotent and ineffectual? What is the delineation ?


    Until and unless we stake out some intellectual boundaries on the tax issue, we'll forever be caught in the fallacy that "If a little of something is good for you, then a LOT must be GREAT!"

    Everyone knows that isn't true. Except for Republicans on taxes and limiting government.
    And it makes us look like fools or uncompromising jerks.
     
  2. Oddball
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    Oddball BANNED Supporting Member

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    One gaping hole in your poseur rant....

    When has gubmint been limited?
     
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  3. bripat9643
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    bripat9643 Diamond Member

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    Simple solution: quit buying steak.

    Why should the taxpayers have to eat chicken so a bunch of tics on the ass of society can have steak without working for it?

    It's time for the tics to go on a diet.
     
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  4. Big Black Dog
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    Big Black Dog Gold Member Supporting Member

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    Enough is enough... Just saying.
     
  5. Toddsterpatriot
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    Toddsterpatriot Gold Member

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    Anyone who's balanced a household budget knows you have revenue and expenditures.

    Great, let's cut government spending to match revenues.

    One can see that working class people pay a higher tax rate than the rich.

    No they don't.

    That leaves the rich, who saw their tax rate drop by over HALF over the last 30 years or so.

    And yet, they pay more.

    At what point do you "limit" government so much that it becomes impotent and ineffectual?

    At what point does government stop growing and growing?
    Let's cut government by 30% and limit growth after that to the rate of inflation.
    Then we'll ask the people if government is too small.
     
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  6. Jarhead
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    Jarhead Gold Member

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    in my household, when my expenses exceed revenue, I dont go around finding a way to increase revenue for I am likely maxing my revenue as it is.........I simply cut expenses.
     
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  7. Wacky Quacky
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    Wacky Quacky Silver Member

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    The first thing you do is you stop buying steak. You cut all unnecessary spending first, and if that still doesn't balance you're budget, then you take a second job to generate more revenue.

    I'm all for generating more revenue. But if, and only if, the government can prove to me that any extra revenue won't go straight to more unnecessary spending.
     
  8. Avatar4321
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    Avatar4321 Diamond Member Gold Supporting Member

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    I think a flat rate of 4% seems fair.
     
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  9. Nosmo King
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    Nosmo King Gold Member

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    The rich LOVE that idea! To go from 39% to 4%?!?

    How much will that cost us?
     
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  10. Oddball
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    Oddball BANNED Supporting Member

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    Just your beloved socialistic welfare/nanny state....That's all.
     

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