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- #101
Because government costs go up. That's the nature of our economy and inflation. Prices go up. Even without Bush and Obama's mega defense spending, tax rates still need to be at a high enough level. Think about how much it costs to fund highways, social security, our military, Medicare, and our public schools. Higher taxes can be afforded now because our GDP is very high.How does the fact that revenue was a at a higher % of the GDP in the past mean that higher taxes can be afforded now?No what you people don't understand is the proper way to measure revenue. You people tout that the receipts are at an all time high but that doesn't mean revenue is at a place where it needs to be. Receipts only measure raw dollars. It doesn't take into account the size of the economy and inflation. The only way to accurately measure revenue is by computing it as a percentage of GDP. Right now it is at 16% which is near a historic low. In 2000, it was at 20%. Since 2000, the economy (GDP) has grown significantly. That means the economy can afford higher taxes then it has now.So how are we supposed to pay for our gov expenses without revenue?Well when I got to the parts about taxing wealthy and raising the minimum wage, I realized you have absolutely Zero business intelligence and are one of those tit sucking, ass sitting morons who should have been swallowed at birth .......... those are some of the good points ......
We have no revenue today?
really?
Not to mention he obviously doesn't even know the difference between revenue and receipts. These libs are stupid beyond belief.
How does the fact that more taxes might be affordable now support an argument that taxes should be higher?
I know you cons love tax cuts but you fail to understand their costs. Bush's tax cuts added trillions to our nations debt. The truth is cutting taxes for the wealthy does very little to stimulate job growth. If you want to stimulate job growth, you must boost the middle class. It's about consumer spending. Consumer spending drives the economy.