Post the real numbers or your whole complaint is nullified.Have you managed to come up with 600B/year to overcome the existing deficit? If you have not, you haven't even started on the debt. This is why I said you're coming at this from an emotional standpoint, because you won't post real numbers, you just keep saying it will work. Sorry, but it DOESN'T work like that in the real world.Okay, now you're talking about a wealth tax, not an income tax. Here's your problem. You can take that 2.7T ONE time, just once, and you still have 20T left in the debt, but now you've lost all your wealthy people, because they've packed up and left the country, along with their companies and wealth generation. You just killed the goose the laid the golden egg and you still have 20T to pay off and less to pay it off with. Now, I cut the military budget in half for you and told you to get real numbers on raising taxes on the poor through pot, gas, and tobacco. Go for it and post real numbers.[/QUOTEPost the actual numbers. How much additional revenue would that raise, how much spending would that cut, and what impact would it have on the deficit, and finally the debt? Here are some real numbers to get you started:
Annual US military budget - 600B. Cut that in half and you save 300B. The current US deficit is about 1T. Cut the military budget in half and you still are ADDING 600B to the debt every year. Do you see where I'm going with this?
Now, we haven't dealt with the 91% top tax bracket you want, because that's bogus. No one ever paid that rate and no one ever will, because the declared income will vanish overnight. The wealthy are not stupid. But for chuckles and to keep it simple, calculate the income US billionaires declare every year, multiply it by 91% and post that number here. We'll pretend we'd actually get it. Next, calculate how much money you're going to get from taxing poor people who want to smoke tobacco, again pretending that many won't just quit because they can't afford it any more, then add in how much you'd get from Marijuana, realizing that if you exceed the current street price, the illegal trade will continue, robbing you of revenue. See if all that adds up to more than 600B/year. That's your target. Any less that that and you're not only not reducing the debt, you're still ADDING to it.
After you do all that, come back here and admit that the only way the US is going to seriously reduce the debt is by severely cutting spending, because you're coming at this from an emotional, not rational, perspective.
The net worth of the 400 richest Americans is 2.9 trillion.
That could pay say 10% of the budget just there, if we tackled 91% of that net worth.
They'd still be outrageously rich, but that's a problem?
Really?
Only to Individualist simpletons.
That doesn't begin to speak of the amounts generated by also increasing taxes on millionaires. (Although not to that extent)
Then that doesn't factor in the potential increases in taxation on Marijuana, Gasoline, or Tobacco products.
Not to mention cutting the military spending in half.
I'm coming from both a rational & an empathetic approach.
Individualists seem to be severe savages, they don't seem to have normal intellectual abstract reasoning, nor empathetic responses.
The Individualist serves no purpose, and its best purpose is to eliminate its self.
Which Individualism is leading to the extinction of the Individualist Western Europeans in the form of mass immigration, that they judge hostile intruders as just "Individuals"
You can't make up such a senseless bunch of nonsense.
Individualists = Primates.
I don't support Capitalist rights.
Capitalist rights are basically for simpletons.
I would just jail anyone outsourcing, or hiring Illegals.
Problem easily solved
In fact, that would solve just about all of America's problems very easily.
Your Baby boomers have left my generation with a colossal amount of debt, loss of manufacturing, influx of illegals, influx of the Islamists.
You have effectively destroyed this country.
The ONLY ideas you come up with are the same old nonsense that got us here.
Talk about idiots, pointblank.