I am not suggesting we should. I am suggesting that we should be fiscally responsible. The best way to accomplish that is to set the tax rate to the rate necessary to balance the budget and make all people share the burden proportionately. Overnight there would be a change.
I agree with what you wrote.
Impossible. There is no tax level high enough to fix socialism.
As long as we have a socialized system of health care and pensions in place, taxes will have to increase continually until the country implodes. It is impossible to find the magic tax rate that will balance the budget.
If you doubt that... again just look at Europe. All of Europe. Most of Europe has been protected by the US. Norway, like all European countries, has drastically higher taxes. Most people, even lower-middle class, lose 50% of their income in taxes.
And yet they are running a deficit. France is running a deficit. Japan is running a deficit.
They have nearly double our average tax rate, and are all running a deficit.
So this idea that we just need to increase taxes until we can afford socialism... is never going to work. Soon we'll be paying $8/gallon for gas, like France does. All to pay for the free stuff everyone wants. Then when it destroys the middle class, like in France, people will be burning down the country.
If you want to balance the budget, the solution is to reform entitlements. We need to privatize social security, and eliminate socialized health care. If we do that, the budget will balance without us doing anything with taxes.