Formerly About Advanced Micro Devices Message Board

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Politics : Formerly About Advanced Micro Devices

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To: Taro who wrote (359064)	11/19/2007 9:08:45 PM
From: tejek	Read Replies (2) of 1576972

You just like Ted are confused and mix up the issues of hiking taxes and optimizing tax revenue intakes. While I could agree with both of you, that maximizing tax revenues would be good to pay back the debt - if any - resulting from the wars, in my opinion that doesn't necessarily mean hiking the taxes. The debt has doubled to 9 trillion dollars........without a tax hike, its very likely that the deficit will continue to grow......revenues don't grow fast enough to cover the interest growth on $9 trillion. In particular I doubt it's a sure thing that hiking the taxes for the 1% taxable income fractile currently carrying 40% of the total tax load of our nation. I would feel the same way if I was part of the 1%. However, I am not and the 1% have been getting a free ride. Its time to pay the piper.

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