Quote:
Originally Posted by Robbie
You just can't understand the math can you?
Tax everybody $10 more a week and raise 1.46 billion in a week.
Paul...they are SPENDING 10.6 BILLION DOLLARS A DAY. They are BORROWING 4 BILLION DOLLARS A DAY.
That's what I'm trying to explain to you. You apparently are refusing to do the math. They will have spent the 1.46 billion you propose taxing more per week in less than 5 HOURS.
You can't tax people fast enough to keep up with that.
Spending needs to be actually CUT. And I'm not talking about the bullshit Washington D.C. idea of "cutting" They call it a "cut" when it doesn't RISE as much as it did the year before.
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You won't accept that $4 billion a day flows into the US and the UK and many other countries are in the same boat. Look at Greece for an example of what cutting brings.
Imagine you bought a house when everything in online porn was going great. Mortgage is $10,000 a month, breeze to pay it because everything is going great. Then 2008 hits you and your income starts to decline. 2012 and you need to borrow $4,000 a month to pay the bills.
You move out of your mansion, into 2 bedroom apartment in a less desirable neighbourhood cut expenditure. Then live a more frugal life. To stop the borrowing and live within your income until and if the good times return.
Now think of it in terms of a country.
Are you prepared to see 40% of your income lost, when the US stops borrowing the 40%?
Many countries are living on credit, stop the credit and lose the money to spend. Happens to people with credit cards and countries with debts.
$10 a week won't fill the gap, it was an example of how to narrow it a little.