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Originally Posted by Robbie
That's a valid point.
But then that person SPENDS that "more money for you" and that stimulates the economy and increases jobs as other businesses need more employees.
We can't grow the economy if we keep taking money out of it and giving it to the govt.
That guy who now has more money...he may just go buy a new car. Or a new flat screen. Or maybe his income has moved to a level where he now feels more comfortable purchasing a new home.
Giving it to Washington D.C. to spend on war and cronyism just doesn't sound right to me.
Remember..today the U.S. Federal govt. spent 10.6 BILLION dollars. And borrowed 4 BILLION of that from China.
Through this whole economic disaster the Feds have not slowed down spending one bit. While the rest of us are struggling to get through this...Washington has kept right on spending like nothing is wrong at all.
They don't need MORE money. They need LESS, and to STOP spending.
Taxing people more isn't going to do anything to create jobs. We are in DEBT over 16 TRILLION dollars. They haven't even slowed down the spending.
If I were in debt like that, I would STOP spending on anything not essential (I'd pay my mortgage, power, water, and groceries) and start paying down my debts.
That isn't what is happening in Washington. Those motherfuckers are still getting rich!
Think about it...10.6 BILLION dollars per DAY. They spend more in 29 minutes than Mitt Romney's entire net worth.
They spend more in 4 days than Warren Buffets entire net worth.
The number I saw was that you could "tax" all the people making over 250 thousand dollars at 100% and it would only run the govt. for about a month.
More taxes isn't the answer. As Obama likes to say: "It's mathematics" But he only likes to say that about CUTTING taxes. When it comes to taking people's money and spending it in Washington...math no longer exists.
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https://gfy.com/showpost.php?p=19237909&postcount=64 for my answer.
Quote:
If I were in debt like that, I would STOP spending on anything not essential (I'd pay my mortgage, power, water, and groceries) and start paying down my debts.
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If
THE WEST stopped spending, you would go out of business.
Why not tax people more and just cut the borrowing?