AI
Monday, February 01, 2010 12:50:16 PM
I had asked only one question of you...and I really wanted you to answer it. Go back and reread, please. I'm serious.
I'm all for it....tax them (literally) to death. As the deficits and debt pile up I have no doubt that will be the primary source of new tax revenues. That works fine until one of two things occurs:
1) We have another recession, or what's more likely we have chronic high unemployment and anemic growth in GDP.
2) Deficits continue and the increased taxation further depresses GDP.
I don't see how taxing the wealthiest more will have an effect on recession and unemployment.
The state and federal government spending figures I've looked at are astonishing. The notion that we can somehow tax a small percentage of income earners to cover the ongoing budget needs and cover the unfunded liabilities is a pipe dream.
Oh, there are many other ways to get money. For starters, let's start with pulling out of the Middle East, and let's make it less appetizing to hire workers from overseas. More people working here equals more tax dollars.
But yes tax the $'s out of them, but you best have a plan B because you're going to need it. ;)
Maybe some of those extra tax dollars that the government gets from the rich can be forwarded to the two of us.
hehehe
On a side note how are the school districts in PA explaining the coming funding requirement to the property tax payers. I've read articles that in some districts property taxes will increase as much as 30% by 2012. That's a big OUCH!
Oh, the middle class in PA has been getting phucked bigtime but it started years ago. I'll have to check up on what you're referring to about property taxes.
I'm all for it....tax them (literally) to death. As the deficits and debt pile up I have no doubt that will be the primary source of new tax revenues. That works fine until one of two things occurs:
1) We have another recession, or what's more likely we have chronic high unemployment and anemic growth in GDP.
2) Deficits continue and the increased taxation further depresses GDP.
I don't see how taxing the wealthiest more will have an effect on recession and unemployment.
The state and federal government spending figures I've looked at are astonishing. The notion that we can somehow tax a small percentage of income earners to cover the ongoing budget needs and cover the unfunded liabilities is a pipe dream.
Oh, there are many other ways to get money. For starters, let's start with pulling out of the Middle East, and let's make it less appetizing to hire workers from overseas. More people working here equals more tax dollars.
But yes tax the $'s out of them, but you best have a plan B because you're going to need it. ;)
Maybe some of those extra tax dollars that the government gets from the rich can be forwarded to the two of us.
hehehe On a side note how are the school districts in PA explaining the coming funding requirement to the property tax payers. I've read articles that in some districts property taxes will increase as much as 30% by 2012. That's a big OUCH!
Oh, the middle class in PA has been getting phucked bigtime but it started years ago. I'll have to check up on what you're referring to about property taxes.
Discover What Traders Are Watching
Explore small cap ideas before they hit the headlines.
