It’s not a revenue problem
Raising taxes on certain categories of people to pay for our egregious spending habits in Washington only passes the buck to future generations.
Technically raising revenue pays for the spending we’re doing now—which eliminates the need to pass the buck to future generations. Any budget has two sides. Money in. Money out. Taxes are low now. A more progressive tax system can both eliminate the deficit and allow us to fund our priorities.
By western standards, yes, taxes are relatively low. I would suggest 1) that our priorities are out of whack and 2) that 20% of GDP should be the maximum amount of revenue consumable by the Federal Government.
We’re already there. No more.
Looking at increased revenue as the solution to budgetary woes is foolish. Even if the United States government took every penny of profit from all the companies on the Fortune 500, plus every penny made as income over $250,000 from every individual - it still wouldn’t be enough to pay for half the annual budget. It would take an outrageous amount of pillaging of property and net worth to get anywhere near paying off an annual budget, much less addressing existing debt. And then what happens the following year when no one’s left to cull?
This is a spending problem. Period.
Further, I contend that there is no such thing as a tax being too low, just as there couldn’t exist a stabbing by kitchen knife that was too gentle. Any taxation above zero is too high; taxation is theft.
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L.A. Liberty: It’s not
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sugashane reblogged this from laliberty and added:
Exactly. Glad there are some people on tumblr that actually understand this. Our issue isn’t that we don’t tax enough....
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Damn I need a cupcake budget.
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earthisalie reblogged this from laliberty and added:
red herring tax/spend/debt/budget debates and realize...issues lies with our centrally...
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why follow your blog.
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yahoofightroom reblogged this from thenoobyorker and added:
Well gosh gee jolly, if I would have known being poor means I’m the problem I should have offed myself a long time ago....
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laliberty reblogged this from jgreendc and added:
Looking at increased revenue as the solution to budgetary woes is foolish. Even if the United States government took...
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lazdoinactive reblogged this from squashed and added:
Um… does this person hear themselves? It’s not raising taxes and borrowing money instead that passes the buck on to...
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jgreendc reblogged this from squashed and added:
By western standards, yes, taxes are relatively low. I would suggest 1) that our priorities are out of whack and 2) that...
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