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Politics : Formerly About Advanced Micro Devices

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To: Jim McMannis who wrote (103970)4/11/2000 11:32:00 PM
From: Joe NYC  Read Replies (3) of 1570708
 
Jim,

The day 51% of the population gets a government check in some way shape or form is the day that your "silent majority" thesis is invalid. That may have already happened...
When the boomers start to retire there will be 1 worker for every 3 retirees...guess who will be the majority then?


Good point. Another dangerous trend is this cutting taxes on the poor an middle class. Actually, not just cutting taxes, but eliminating their taxes completely, and giving money back in form of Earned Income Tax Credit.

A lot of Republicans are guilty of this as well. It's not that I want to tax people. I think everyone should share the burden of maintaining the governemnt to some extend. Even if the actual amount of money is symbolic.

When you have a majority of people with no financial stake in prudent spending of money, and a majority of people benefiting for imprudent policies, you have a recipe for disaster.

We have smaller and smaller number of wealthy individuals paying the entire cost of the government. I don't think this experiment has been tried anywhere outside of third world countries. I think it is a dangerous course for a democratic country.

Joe
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