- Mar 30, 2013
- Reaction score
Debt is growing at a much faster rate.Please correct me if I’m wrong but as long as the population is growing and GDP growing then it makes sense for the debt to grow as well. Right?I'm way older than you kiddo. So tell me what happens if the budget deficit keeps growing and the $23T Debt goes to $30T?kyzr, you're off base son. most everyone's 401k is subject to capital gains. Everyone's. so if you raise the capital gains, you raise it on the middle class. son, I wish all of you would shut the fk up. you have no idea what you're talking about. shut up!Some people don't like to be poor peons getting screwed by the financial system rigged to keep the rich getting richer and the poor getting poorer. The rich buy politicians to write loop-holes into tax laws to protect their wealth. Capital gains should be taxed as normal income. The income cap should be raised for SS. A VAT should be added to balance the budget. If the GOP doesn't address the budget deficit and entitlements the democrats will win and the US will devolve into something unrecognizable.It all boils down to the tremendously idiosyncratic definition of the word, "Fairness."
It would be manifestly fair to impose a per capita tax on all Americans; everyone should pay the same dollar amount, since we are all citizens or permanent residents and all benefit from that reality. If we all paid $4,500, that would pretty much balance the budget.
But it would also be fair if we all paid the same percentage of our taxable income. 15% would work nicely (in addition to the "payroll taxes"), and as an added advantage, The Rich would pay much more in FIT than The Poor.
The least fair of all would be to exempt half the population from paying any income taxes at all, then tax the earners according to a GRADUATED percentage, with the highest earners paying the highest percentage(!). Talk about Highway Robbery.
Bernie Sanders appeals to those who pay the least amount in Federal Income Taxes, but want the greatest amount of free goodies from the Federal government (free healthcare, free college tuition, etc.). He is LITERALLY attempting to BUY THEIR VOTES with taxpayer money.
It is the height of irony that this old Crank rails about how EVIL it is for Mike Bloomberg to be buying votes WITH HIS OWN MONEY, while Bernie seeks to buy votes WITH YOUR MONEY!
You couldn't make it up.
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Factor in that Medicare will be bankrupt in 2026 and Social Security insolvent in 2032.
Your solution is "O'wise One"???