A Sobering Read

#2
#2
The government has to get the money to finance its spending by taxing or borrowing. While it might be tempting to conclude that we can just tax upper-income people, did you know that the U.S. income tax system is already very progressive? The top 1% pay 37% of all income taxes and 50% pay none.
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Therein lies the problem. When those that don't pay taxes exceed 50% of the VOTING population, we are done. Zero net taxpayers will elect those that will perpetuate their free ride while they continue to get tax rebates in addition to the entitlement programs.
 
#9
#9
TNGlen said:
Therein lies the problem. When those that don't pay taxes exceed 50% of the VOTING population, we are done. Zero net taxpayers will elect those that will perpetuate their free ride while they continue to get tax rebates in addition to the entitlement programs.
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That top 1% also control like 90% of the wealth I think.

Not saying there is anything wrong with that, it is what it is. If the wealth distribution is heavily skewed one way than the tax liability will follow.
 
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#10
#10
I don't think, pragmatically speaking, that the debt can be fixed simply by increasing taxes on the wealthy. It won't make up that big a hole.

On the flip side, morally and pragmatically speaking, it cannot be fixed simply by cutting SS and Medicare.

Both have to be done, and in differing ways. 1) Taxes on the wealthiest must be increased. Eliminate the Bush tax cuts. I'm okay with doing it gradually, say, over 3 years. 2) The tax break for capital gains must be eliminated. Trickle down is a lie. Again, I am okay with restoring tax sanity on capital gains over, say, a period of 3-5 years. 3) SS and Medicare must be cut. I don;t think a needs-based sliding scale is the way to go. Rather, a basic cut on the order of 10 % of all benefits, current and future, would be advisable, and we could do that right away. 4) All federal spending must be cut, including defense. 10 %, over, say, two years.
 
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#11
#11
I'm fully convinced now that LG has a troll switch. His posting shifts too much from sanity to idiocy.
 
#12
#12
Weezy said:
I'm fully convinced now that LG has a troll switch. His posting shifts too much from sanity to idiocy.
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He does this every now and then so that when he posts illogical nonsense, he can point to his few logical posts and say "I've been saying this all along."
 
#13
#13
I stopped reading halfway through. I couldn't bare to continue. Absolutely disgusting.
 
#14
#14
Until we can have honest discussion reported fairly without:
1. Republicans trumpeting terror to keep defense spending up
2. Democrats calling Republicans greedy granny killers when tampering with entitlement programs
3. Taking an honest look at the real waste throughout the system

Things are never going to change. In other words...things are never changing. Short attention spans are custom made for the demagoguery we experience on a daily basis. Obviously the above list is abridged, but you get the point.
 
#15
#15
Lexvol said:
Until we can have honest discussion reported fairly without:
1. Republicans trumpeting terror to keep defense spending up
2. Democrats calling Republicans greedy granny killers when tampering with entitlement programs
3. Taking an honest look at the real waste throughout the system

Things are never going to change. In other words...things are never changing. Short attention spans are custom made for the demagoguery we experience on a daily basis. Obviously the above list is abridged, but you get the point.
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This isn't a partisan issue. It is cultural. Until the culture changes, nothing politically significant will either.
 
#18
#18
PKT_VOL said:
This isn't a partisan issue. It is cultural. Until the culture changes, nothing politically significant will either.
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That was part of my point. Our individual attention spans make us easy pickings.

I agree 100%.
 
#19
#19
Lexvol said:
That was part of my point. Our individual attention spans make us easy pickings.

I agree 100%.
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Ok good. We agree. :)

Do you have any idea how we can change the culture short of economic collapse? Because I don't.
 
#20
#20
PKT_VOL said:
Ok good. We agree. :)

Do you have any idea how we can change the culture short of economic collapse? Because I don't.
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No...we suffer from greed and envy...and the collapse of our educational system due to political correctness. We can't have sufficient, real dialogue to address the problem.
 
#21
#21
Lexvol said:
No...we suffer from greed and envy...and the collapse of our educational system due to political correctness. We can't have sufficient, real dialogue to address the problem.
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For fear of offending someone....
 
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