the 50 million was a typo -- I was meaning five, but thinking that probably meant 50 million suffering.
I won't argue with you about where it will end because
1. You're a bigot about professors (I've spent equal parts of my life as a salesperson, a small business executive, an elementary school principal, and then a college teacher) Some don't know the real world and have never been out of school. They should not all be tarred with that old tired brush-off. It's too easy for you to do that and not respond with thought.
2. NOBODY know how bad it will get after the debit card default crisis starts building, and the economic problems due to hit Japan in 2011 because of their derivative problems come home to roost. We're probably near the bottom for now, but we have to figure out the social problems of living in a wealthy democracy that's not so wealthy anymore.
1% of the population making 20% of the revenue makes NO Sense to me as a student of history. It's more like Rome. The American Empire will crush its own democracy if we don't make some sensible choices. 10% of the population getting 50% of the revenue is also not sustainable.
Professors at least offer other choices beyond let's do away with all taxes. Solutions that are acceptable to some are almost always not acceptable to others -- That's why Jefferson wished to keep us a homogeneous nation of farmers, but that's not the world we live in. It's no accident that the red states that are left are mostly farmers and ranchers who follow the Goldwater tradition. Just say NO (Taxes) is not an answer when 5 million unemployed have 20 million people to support.
Free Market Capitalism doesn't work much better than Socialism -- so we need some new ideas about how to make sure a system works --
First question is what do you actually want to do with the people who work hard, but aren't getting a fair share? This is a tsunami and lots of good folks are drowning. How do you rebuild the system to make it fairer and stronger? Personally, I don't see any thought from the ideologues about that.
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