Quote:
Originally Posted by kvmj  Economic conservatives believe that success will be found in an unregulated totally free economy. They also wrongly believe that cutting taxes increases revenue even though there is not a single instance where that has ever happened. They believe in no oversite whatsover. Therefore, any gains in medium income have all gone to the top 10%.
We are broke for two main reasons. First, a tax cut was given (mostly for those in the upper 10%) during a time of war. And, secondly, contracts are being awarded without bidding to partisan supporters on a "cost plus" basis.
You need to get a clue. |
We are broke because of several reasons..the top 1 reason is because we have not learned to "live within our means".
We can not continue to "tax" people on what they make "the fruits of their labor" and give to all the social programs to try to give everyone the same.
Cutting out the income tax..some do not understand because they"get back most of what they pay"..for those of us that actually pay an income tax means we carry the burden of these social programs, while the ones that benefit get a free ride. If I get to keep more of my own money that I work for then I can spend it as I chose. Which helps the economy by having me spend or save money. Saving money in a bank helps the economy also..that is where they get their money to loan to others to by a house, car, etc.
Tax cuts alone will not work, you have to cut spending. Anyone/Anything that tries to save more has to include spending cuts.
People and government need to understand you can not have everything..things do come with a price tag.
One of the best things we can do for our children is to teach them how to stay out of debt.
Edited to add: Yes I do think that an unregulated totally free economy is better than what we have now. The Federal Reserve has too much control. they cause the inflation and deinflation, the bubbles.