dude..you're dead wrong when you say we are taxed too much..the problem is we aren't taxed enough....and the rich do not pay their fair share...many corporations pay absolutely no income taxes whatsoever....Republican s and by extension, the white rich and middle class, don't want to pay for ANYTHING.....they want super low taxes and to make up for this, we have had to borrow up to our asses from china to pay for our way of living....
Rebulicans recklessly cut taxes tremendously, then watch us go into hock and then blame the democrats for wanting to raise taxes.....democrats are right...we have to be able to pay as we go,,I'd much rather tax and spend than borrow and spend and then taxes go up anyway
there is this myth out there that we spend too much on social programs.....actually as a share of GDP, the U.S. is dead last among industrial countries in terms of social spending...also we provide huge subsidies to rich farmers, the dairy industry, sugar industry, corn, and tax breaks for corporations that don't need them...
George Bush did not cause the recession..but he contributed largely to the deficits....
No, we pay way too many taxes. Like I said, the federal government AND the states took in plenty of revenue for most of the decade. The tax cuts were not the problem. Spending was the problem. But the deficits were MANAGABLE.
What do you mean that rich people dont pay thier fair share? Are you telling me that a person who makes $250000 who is paying 35% of his income in federal taxes, not to mention any additional state taxes that he is paying, is not paying ENOUGH? These people are what most of the "rich" are made of, and they are not rich. They may be financially comfartable, but that is only after decades of climbing the economic ladder, and they will be retiring soon. It is very likely that a lot of them have kids in college.
Besides, have you ever been employed by a poor person? I havent. It is immoral for rich people to pay more taxes. More importantly, it doesnt work. That's becuase a tax on rich people is a tax on you and me. That's because our income relies on thier spending and thier investing. If they have less income to spend and invest, that is less jobs and less income created for other people.
People dont seem to be concious of the fact that the economy is dynamic, not static. THings are constantly changing. As Im typing these words, resources are moving in and out of industries and companies, and moving in to others. Wealth is not just some physical piece of matter that falls from trees. Actual people create this stuff, and if given the wrong incentives, they will stop creating it. The government does not create the wealth. The people do.
As far as corporations not paying taxes, if corporations arent paying taxes, that's because they have no profits to pay taxes off of. If they arent paying taxes then that is great. The corporate tax is too high anyway. YOu and I pay that tax. Not just rich executives. That's because a corporation isnt a person. Cutting the coporate tax should be a no brainer. It is the second highest in the world second only to Japan, and it is no doubt hurting our global competitiveness.
Low taxes and low spending is what is best, but low taxes and borrwoing is preferable to high taxes and high spending. That is becuase if taxes are low and borrowing is high, politicians will eventually have to cut spending, and the people's wealth is preserved. But with high taxes and high spending, the government has the people's wealth locked in quick sand and the wealth sinks through the quick sand. There is no incentive for the government to stop spending.
The average American works six months before he is finished giving his wealth to the government for the year. That is too much.