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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Road Walker who wrote (322563)	1/23/2007 7:26:42 PM
From: Tenchusatsu	Read Replies (2) \| Respond to of 1574906

JF, > If you believe that, then why the hell lower taxes for the rich now??? You think they like to pay interest? Like you said before, it's a credit card economy. We're jump-starting a slowed economy so that we'll get returns later. I'm not saying that's a good idea. What I'm saying is that the debt liability is not going to be spread equally. You can thank the progressive tax brackets for that. > Somebody loans you and your buddy $1 for one day, you say to your buddy "OK you only have to pay back 40 cents". How much do you have to pay back tomorrow? $1.60. Duh. That's exactly what's going to happen, though. Guess who will end up paying the 40 cents? The middle class. Guess who will end up paying the $1.60? The "rich." No matter what, the "rich" will end up footing the bill anyway. Why? Because they already pay most of the taxes. Even if existing taxes are used to pay down the debt (i.e. federal spending is reduced but taxes aren't raised), the fact is that the top 25% of all wage earners already pay over 80% of the taxes. So that means the top 25% of all Americans will end up paying down most of the debt. Raise taxes on the "rich" just to pay down the debt, and you'll only skew the share of the debt even more toward the "rich." > No wonder you think the deficit is great... you don't think it's your money! LOL. Yeah right, "my money." As if I can go to an ATM now or in the future and withdraw "my money." Tenchusatsu