Quote:
Originally Posted by CDSmith
While I agree with what you posted in principle, I don't understand how so many Americans think your country can spend billions per day to the tune of trilions in debt and not ever have to pay for it (as in raise taxes). Put another way, how can anyone in their right mind expect no adjustments in taxes under present government spending?
I mean, something's got to give somewhere.... doesn't it?
|
Yes, the upcoming massive deficit is going to a huge burden. But, the proven way to increase tax revenue is by tax cuts. By cutting taxes, people have more of their own money and spend it. Corporate taxes should be eliminated because they only pass taxes onto consumers anyways. If Corporate taxes were lowered or eliminated, businesses from all over the world would re-locate to America....creating jobs and stimulating the economy.
Increasing the tax burden on anyone decreases incentive to work harder. If you knew that 80% of what you earn was going to be taken, would you even bother to work?
It cracks me up when the uber rich say "we don't mind paying more taxes"....
well... then..... DO IT. No one is stopping Warren Buffet from writing a check for 50 billion to the US Treasury.