Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Liberalism: Do You Agree We've Had Enough of It? -- Ignore unavailable to you. Want to Upgrade?

To: Kenneth E. Phillipps who wrote (107650)	7/12/2011 2:42:01 PM
From: TideGlider	Respond to of 224749

No can do Kenneth. You can't just turn it off like a valve. What about the entitlements? Do you plan to just let them run wild?

To: Kenneth E. Phillipps who wrote (107650)	7/12/2011 3:05:44 PM
From: JakeStraw	4 Recommendations Respond to of 224749

>>My specific revenue increases would be a return to the Clinton era tax rates. Higher taxes are unnecessary and would be detrimental and undermine an already very fragile economy. Besides the government does not need more taxpayers money to waste. They need to learn to fiscal responsibility. Get the economy humming, people back to work and gov't revenue will rise without tax hikes.

To: Kenneth E. Phillipps who wrote (107650)	7/12/2011 3:46:31 PM
From: tonto	2 Recommendations Read Replies (1) \| Respond to of 224749

So you are now stating that you agree that every tax group should see an increase, not just those making over $200,000?

To: Kenneth E. Phillipps who wrote (107650)	7/15/2011 11:01:50 PM
From: TimF	1 Recommendation Read Replies (1) \| Respond to of 224749

My specific cuts would be to cut all money we are currently spending in Iraq and Afghanistan. So your only cutting an area representing a small and declining percentage of federal spending. My specific revenue increases would be a return to the Clinton era tax rates. Even ignoring the economic harm of tax increases, and the increase in incentive to avoid or evade taxes, it doesn't produce nearly enough revenue. And its not something you can make up by increasing taxes even more, as you increase rates you get less and less extra income for each additional percentage, eventually (sooner if your considering the long run effects which we should, since the problem isn't just current budget balances, its primarily about the future) you start reducing revenue by increasing tax rates.