Why We Should Increase Taxes?

[bucs90]

The problem our nation has is the government views all money as being on loan from them, to us, to be confiscated at their will, rather than viewing money as the property of a private citizen that was earned and to be taken only for bare minimum needs of a society that the private sector cannot provide.

 

[Zoom-boing]

If the deficit continues to rise, the government will have to pay higher rates of interest which will add to the deficit problem and will bring on inflation. Since neither political party has been successful at controlling spending, we should increase taxes, however Conservative argue that:

1. Government Spending is out of control . Look at the following graph, which clearly shows that government spending as a percent of GDP peaked in the early 1990’s and has been trending downward ever since. Although spending in absolute dollars has risen, GDP has risen faster. Our deficits are not the result of wild government spending, but rather extraordinarily low taxes.

http://upload.wikimedia.org/wikipedia/en/d/d9/Us_gov_spending_history_1902_2010.png

2. Raising Taxes will reduce economic growth. If this were true then we should see significantly higher GNP growth as a result of low tax rates and lower GNP growth as result of high taxes. Look at the following chart, which shows the effect of tax rates on GNP.
Sorry Republicans, Higher Taxes Will NOT Kill The Economy

So, why shouldn't we reduce the deficit by increasing taxes?

I've yet to see either party attempt to even try and control spending. They say 'we can't successfully control spending' . . . and this makes it true? Fuck them. 20% cuts out of every government agency, eliminating some agencies altogether.

Hey, has Barry done this yet?

"In these challenging times, when we are facing both rising deficits and a sinking economy, budget reform is not an option. It is an imperative," Obama said. "We cannot sustain a system that bleeds billions of taxpayer dollars on programs that have outlived their usefulness, or exist solely because of the power of a politicians, lobbyists, or interest groups. We simply cannot afford it. This isn’t about big government or small government. It’s about building a smarter government that focuses on what works. That is why I will ask my new team to think anew and act anew to meet our new challenges.... We will go through our federal budget – page by page, line by line – eliminating those programs we don’t need, and insisting that those we do operate in a sensible cost-effective way."

Obama vows line-by-line budget review - 2008 Presidential Campaign Blog - Political Intelligence - Boston.com

Yeah, didn't think so. Just another bullshit lie from a bullshit artist.

 

[skookerasbil]

If the deficit continues to rise, the government will have to pay higher rates of interest which will add to the deficit problem and will bring on inflation. Since neither political party has been successful at controlling spending, we should increase taxes, however Conservative argue that:

1. Government Spending is out of control . Look at the following graph, which clearly shows that government spending as a percent of GDP peaked in the early 1990’s and has been trending downward ever since. Although spending in absolute dollars has risen, GDP has risen faster. Our deficits are not the result of wild government spending, but rather extraordinarily low taxes.

http://upload.wikimedia.org/wikipedia/en/d/d9/Us_gov_spending_history_1902_2010.png

2. Raising Taxes will reduce economic growth. If this were true then we should see significantly higher GNP growth as a result of low tax rates and lower GNP growth as result of high taxes. Look at the following chart, which shows the effect of tax rates on GNP.
Sorry Republicans, Higher Taxes Will NOT Kill The Economy

So, why shouldn't we reduce the deficit by increasing taxes?

what a jackass.................

you always know the asshats on the boards that have no responsibilities in life!!!

 

[skookerasbil]

People WITH real responsibilities in life are taxed to the balls while the government hands out freebies to the tune of hundreds of billions. The process of that coming to an end is now in full swing. Take a gandor over to DRUDGE this AM and see what the lead story is. Greece.........a small version of the currently emerging America. High tax socialism is an abject failure............its not even debatable.

The breaking piint is coming s0ns.................and lets just say, I am exceedingly happy to be on the side I am on.

 

[Granny]

Increasing taxes only encourages outlandish spending. When you spend your own money you have to live on a budget. If you could spend someone else's income, you'd spend like there's no tomorrow.

If you can't live within your budget and you "gotta have it NOW," you resort to credit cards or borrowing ... and unless you can responsibly use/pay your credit card or loan and still live within your budget ... you end up with a colossal debt problem.

That's how government works. It's "gotta have it NOW" - so they tax us again and again, and that's still not enough, so they borrow from other sources, raising more debt to pay - and the cycle keeps going. There is no government "budget."

We as Americans and taxpayers, need to take control of our government instead of our government taking control of us. Even if we have to use ballots to do it - WE should set Congressional salaries, WE should determine how their retirement plan is done - and it shouldn't be several hundreds of thousands per year for life when they only have a part-time job. WE should determine what "perks" they are allowed to have, whether they can accept "gifts," eliminate lobbyists' "buying" votes - period. It's just another form of bribery. Anything that can be lobbied should be argued on it's merits, perhaps in a format much different than it is now. WE should eliminate a whole lot of these asinine grants that don't mean crap - like determining why a piss ant moves backward. Serious stuff like medical research, no problem. In addition we need to eliminate the unnecessary and/or overlapping "bureaus," "commissions," "departments," "divisions," "programs," and so forth. There's a whole laundry list of governmental business WE need to control.

 

[Soggy in NOLA]

You can't have 40+% paying no incomes taxes, spending $1.5 trillion MORE than you take in and expect to balance it all on the backs of the remaining 60% (and then expect that 60% to sit quietly). And as for the other part ofthe equation... you can't have workers working for 20 years and collecting pensions for 25+ years.

This is all undoable... we see it in Greece, hell we see it here in CA, MI and other states with lavish government handout schemes.

You want an eye-openner... watch a few episodes of "America - The Story of Us" I haven't seen anything yet about how this country was made great by wealth redistribution or expections of working for a few years and sitting on your ass for twice that long collecting a pension.

 

[Big Black Dog]

No, I disagree with you. Instead of paying more taxes, I think Americans should stop paying ALL taxes to the government until they get the message that the public is tired of their Congressional shopping trips. While it is true you can be put into jail for not paying taxes but I don't think they can put 10 million people in the iron bar hotel at the same time.

 

[Soggy in NOLA]

No, I disagree with you. Instead of paying more taxes, I think Americans should stop paying ALL taxes to the government until they get the message that the public is tired of their Congressional shopping trips. While it is true you can be put into jail for not paying taxes but I don't think they can put 10 million people in the iron bar hotel at the same time.

We may yet see this....

 

[DiamondDave]

Sure.. increase it on the ~50% who are not paying income taxes... but somehow I think you meant to say you want tax increases on those above your tax bracket...

without a MASSIVE cut in unnecessary and frivolous government spending and expansion, increasing taxes does ZERO good and does even more bad with the hindrance it puts on the national economy

 

[Soggy in NOLA]

And then there's this...

Students Wearing American Flag Shirts Sent Home | NBC Bay Area

 

[Soggy in NOLA]

This is what the left has given us....

 

[Mr. Shaman]

Sorry Republicans, Higher Taxes Will NOT Kill The Economy

....As in Bill Clinton's 1993 Deficit Reduction, that gave us THE GREATEST ECONOMY THIS COUNTRY'S EVER EXPERIENCED!!!!​

 

[Mr. Shaman]

Why shouldn't we reduce the deficit by drastically reducing spending?

That's easy to say....and, most people do....about everyone else's agenda.

​

 

[DiamondDave]

Sorry Republicans, Higher Taxes Will NOT Kill The Economy

....As in Bill Clinton's 1993 Deficit Reduction, that gave us THE GREATEST ECONOMY THIS COUNTRY'S EVER EXPERIENCED!!!!​

Perhaps you should actually look into how an economy works, what a boom is, what a false boom is, what an economic bubble is, the hidden intergovernmental spending of Clinton, and so many other things

 

[Mr. Shaman]

Why shouldn't we reduce the deficit by drastically reducing spending?

DUDE!!! How very un-American of you!

Yeah.....making the minimum-monthly-payment (on George Jr.'s credit-card-balance) is always such a good-idea.

​

 

[Mr. Shaman]

Here's why we shouldn't try to get rid of the deficit by increasing taxes:

1. The objective is to benefit the economy by eliminating the deficit; iow, to encourage growth instead of contraction.

How 'bout we (instead) concentrate on eliminating the national-debt???

Somehow, cutting-taxes...and, only making minimal-payments on the intere$t....makes sense, to you, huh??



Do you (even) have a credit-card?????

​

 

[Mr. Shaman]

2. No, tax increases have never... EVER increased economic activity.

WRONG!!

​

 

[Mr. Shaman]

Lower capital gains taxes, eliminate the IRS and go to a flat tax and the economy will take off.

How 'bout we tax ALL income at the same rate????

You folks tryin' to DODGE paying your fair-share o' taxes on capital-gain$ are tooooooooo amusing.

It's not as if you folks are (actually) working to earn those buck$.

​

 

[Gadawg73]

Why shouldn't we reduce the deficit by drastically reducing spending?

Both parties have tried and failed.

Bull shit.
What party has cut social security and medicare?
Those two programs are bankrupting us.

 

[Skull Pilot]

Sorry Republicans, Higher Taxes Will NOT Kill The Economy

....As in Bill Clinton's 1993 Deficit Reduction, that gave us THE GREATEST ECONOMY THIS COUNTRY'S EVER EXPERIENCED!!!!​

you mean the tech bubble and the deregulation that allowed too big too fail financial companies to exist?