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All income tax should be abolished.
originally posted by: seasonal
a reply to: toysforadults
We should really not be talking about tax cuts till that little $20,000,000,000,000 debt gets paid off. But most adults are pestilent children that want what they want and want it now. And we elect leaders that cater to the conservs and libs but in this case they are both the same.
We need to pay the piper. And a little pain now will keep our children's America strong and in a leadership position in the world. But that is out of the question. Let's go shopping.
Economist Mike Kimel has noted that the former Democratic Presidents (Bill Clinton, Jimmy Carter, Lyndon B. Johnson, John F. Kennedy, and Harry S. Truman) all reduced public debt as a share of GDP, while the last four Republican Presidents (George W. Bush, George H. W. Bush, Ronald Reagan and Gerald Ford) all oversaw an increase in the country's indebtedness.
originally posted by: intrptr
a reply to: neo96
All income tax should be abolished.
It was when the colonies declared Independence and seceded from the Crown.
Except during war time and then only ten percent. The rest of the time a limited constitutional government is to pay for its operations by collecting tariffs on imported goods
.
originally posted by: toysforadults
a reply to: dfnj2015
Lowering taxes will force the government to figure out how to make cuts.
Cut their funding more. Lower taxes on everybody.
originally posted by: dfnj2015
originally posted by: seasonal
a reply to: toysforadults
We should really not be talking about tax cuts till that little $20,000,000,000,000 debt gets paid off.
The debt is irrelevant. What does matter is the deficit and the debt as a percentage of GDP. There's always more to the math than meets the propaganda receiving eye.
originally posted by: ketsuko
a reply to: pavil
Both parties and people who are on both sides talk a good game, but there is a lot of disagreement on how that should be done.
I'm sure you are aware. For example, one side thinks government needs to actively somehow grow the economy. But government is not economy nor does it produce, so you are paying an entity with money taken from the productive segments to try to tell the productive segments how to do what they do.
originally posted by: ketsuko
originally posted by: intrptr
a reply to: neo96
All income tax should be abolished.
It was when the colonies declared Independence and seceded from the Crown.
Except during war time and then only ten percent. The rest of the time a limited constitutional government is to pay for its operations by collecting tariffs on imported goods
.
Such taxes and tariffs as are specifically laid to pay for specific things, yes. There was never supposed to be some general income tax to pay for "things" like we now have.