Quote:
Originally Posted by Robbie
Paul...one more time...the MATH doesn't add up.
We are spending 10.6 BILLION DOLLARS PER DAY.
If you taxed everyone who made over $250,000 ONE HUNDRED PERCENT of everything they own it would only run the govt. for 30 days.
The federal govt. spends more in 29 minutes than Mitt Romney's entire net worth. They spend more in 4 days than Warren Buffets net worth.
Do the math. There is NO way to tax ourselves out of this. The spending has to STOP. It has never been at the levels it is now...and no, we don't need the govt. to spend 10.6 billion dollars a day or I'll be "out of a job"
You are ignorant in every way on this.
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Stop spending, cut borrowing and there's less money going around THE WEST.
Stop spending, cut taxes and those with a little bit more spend on more imports. Those who lose their jobs, spend a little bit less.
Why only tax those earning more than $250,000 a year?
Total US work force is 146,743,000 unless you have better figures. Tax each one $10 more a week and $1.46 billion is raised a week. Cut borrowing by the same amount and your children will have less of a debt to repay. $75 billion a year less to borrow.
It will have exactly the same effect as cutting borrowing by $75 billion a year. Except your children will have less to repay.
$4 billion a day is flowing into the US economy. The other 6 is recycled around the US economy. This is the same situation most of the EU is in. Look at those not in trouble and think why.
Quote:
Originally Posted by Minte
Are you some kind of communist?
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No the opposite. I think the solution is in Western businesses developing more exports. Not a few spending more on imports and more spending less.
Quote:
Originally Posted by woj
Why not? Lets say you need $5k/month to live now... taxes get lowered, and you get $6k/month after taxes... you have an extra $1k/month now, so you might figure "why am I working 80 hours per week? I'll hire someone to help out"...
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Where does the extra $1k a month come from?
The answer is from sacking someone. Who isn't buying so much.