Tax and Spend and Spend and Spend some more

[jonny5]

Yeah the 50% people that make 7% of the total national income should pay their fair share?

I am more pragmatic when I say the people that make the 93% of the national income should fund the government.

Whereas I am more principled when I say that EVERYONE should fund the govt. Its certainly easier to be pragmatic with other peoples money, though.

 

[highroller]

Whereas I am more principled when I say that EVERYONE should fund the govt. Its certainly easier to be pragmatic with other peoples money, though.

You can’t fund the government if you are taxing people who don’t have any money because “fairness”. I don’t live in some fantasy land.

 

[jonny5]

You can’t fund the government if you are taxing people who don’t have any money because “fairness”. I don’t live in some fantasy land.

I agree, we cant fund the govt. We have to cut spending to the point where everyone can afford to pay their fair share of it. Its pretty lazy to just spend whatever you want and then make whoever has more money pay for it. Thats socialism.

 

[highroller]

I agree, we cant fund the govt. We have to cut spending to the point where everyone can afford to pay their fair share of it. Its pretty lazy to just spend whatever you want and then make whoever has more money pay for it. Thats socialism.

No, socialism is where the workers own the means of production.

 

[highroller]

I agree, we cant fund the govt. We have to cut spending to the point where everyone can afford to pay their fair share of it.

We’ve been doing a pretty good job of just borrowing the money to fund the government. Do you know who buys government bonds? Rich people. So the rich are funding the government anyway.

 

[Kushinator]

We have to cut spending to the point where everyone can afford to pay their fair share of it.

No we don't and it's not going to happen. So maybe you can stop spamming the forum with those pointless threads in which you display a great deal of both ignorance and bias????

Nah...

Continue yelling at the sky.

 

[jonny5]

No, socialism is where the workers own the means of production.

Yes, they own your labor and distribute it to others. Thats what our govt does in effect. They take what i make and give it to someone else. Socialism.

 

[jonny5]

We’ve been doing a pretty good job of just borrowing the money to fund the government. Do you know who buys government bonds? Rich people. So the rich are funding the government anyway.

Great, lets do that then. Fund govt entirely by rich people CHOOSING to lend the govt money, and then paying them back with interest.

 

[highroller]

Great, lets do that then. Fund govt entirely by rich people CHOOSING to lend the govt money, and then paying them back with interest.

Yeah we’ve been doing that for the last 50 years.

 

[highroller]

Government spending is out of control!! /s

 

[Kushinator]

Government spending is out of control!! /s

That's not the correct data:

 

[highroller]

That's not the correct data:

I’ll have to look at the difference later. It’s the same site and same data; different graph

 

[jonny5]

Yeah we’ve been doing that for the last 50 years.

No, for the most part we only do a little of that (20% of spending is borrowed on average). Most govt funding comes from just taking money, mostly from the rich. Not borrowing it.

 

[jonny5]

Government spending is out of control!! /s

I agree,

 

[Kushinator]

I’ll have to look at the difference later. It’s the same site and same data; different graph

I made this graph. It's total government spending (Federal + State + Local) as a percentage of nominal GDP.

 

[highroller]

View attachment 67329960

I agree,

Raise taxes then

 

[jonny5]

Raise taxes then

Cut spending. Obvisouly we arent getting anywhere. Im done.

 

[highroller]

Cut spending. Obvisouly we arent getting anywhere. Im done.

Yea, We have reach an impasse

 

[rickc]

The only problem with debt is when you don't get anything from it. With interest rates near zero for almost 2 decades, we should have a shiny new national power grid, national broadband and green energy projects across the nation. We've misused the opportunity. Being one of the most undertaxed nations in the world, the answer is easy. Increase taxes substantially.

Oh we got something for it alright. Our richest of the rich are so much richer than they were before REAGAN.

And those republicans will do everything they can to keep them getting richer!

 

[mrjurrs]

Oh we got something for it alright. Our richest of the rich are so much richer than they were before REAGAN.

And those republicans will do everything they can to keep them getting richer!

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