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

To: bentway who wrote (747156)10/16/2013 7:48:59 PM
From: Tenchusatsu  Read Replies (2) | Respond to of 1570743
 
Bentway,
Tax revenues don't have to be fixed, and WILL have to be raised to be part of ANY deficit reduction. So says Obama, who will not cave.
Tax revenues will naturally go up as the economy and the working population grows.

Hiking up tax rates is only a solution if you believe that government spending should fundamentally be higher as a percentage of the GDP.

With the government having such a GREAT track record of efficiency and success, it shouldn't be too hard to convince people that bigger government is better.

Tenchusatsu



To: bentway who wrote (747156)10/16/2013 8:12:39 PM
From: scamp  Read Replies (1) | Respond to of 1570743
 




To: bentway who wrote (747156)10/16/2013 9:06:29 PM
From: longnshort  Respond to of 1570743
 
obama will just spend any tax revenues. once it reaches 100% then what ?

how will any tax increase pay for 17 trillion in debt and 90 trillion in unfunded liabilities, thee's not that much money out there



To: bentway who wrote (747156)10/16/2013 10:50:11 PM
From: TimF  Respond to of 1570743
 
No matter what the top marginal income tax rate is from 7% to 92%, the feds have never taken in enough money to cover the level of federal spending as a percentage of GDP that we have today (except for a couple of years during WWII when the private side of the economy was suppressed by government controls).

and WILL have to be raised to be part of ANY deficit reduction

They already have been raised.


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