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Politics : Formerly About Advanced Micro Devices
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To: Road Walker who wrote (363039)12/27/2007 4:17:59 PM
From: TimF  Read Replies (1) of 1586547
 
Increasing the tax rate, and applying it to a much larger part of people's income amounts to a very large tax increase, not an easy or painless solution, but rather a painful and harmful one.

Increasing the retirement age slowly would probably be much less painful, but would still be somewhat difficult.

It is 90% a cyclical issue.

Not in the long run.

alejandrogonzalez.typepad.com

And yes as you say in your reply to my other post with this link, that's a big range, which reflects a lot of uncertainty. But the midpoint keeps getting worse past 2040, and the high end is around 9.5% of our GDP.
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