With the latest election results we need to understand that America is heading in a direction were EVERYONE is going to need to pay more in taxes. We
have seen that taxing only the rich more adds about 100 billion, and with a trillion dollar per year spending over of what we actually take in that is
not enough, and when this is going to continue to grow we need to finally see reality and not live in a fantasy bubble that taxing a few people more
will cure all.
Add to this Obamacare and a ever growing Government and we see two very big concerns within our cost to run our Government. The first one is the
TRILLION dollars for medical that makes up 23% of our whole budget. Obamacare will not reduce this in anyway and is looking at doubling it over the
next 10 years or so. The other concern is Government pensions, this accounts to 1 trillion too and about 20% of our budget. A bloated Government does
not just stop at the monthly pay checks, it goes on until death, and this number will continue to grow and grow to once again the Rich cannot pay it
off with an extra 100 billion or even a few hundred billions, or even a trillion more out of their pockets.
So here is basically our only choices since America has vote against the trickle down economy approach to create jobs and tax revenue.
1. Let all Bush tax cuts and tax credits expire. One of the reasons 47% do not pay taxes is because of that damn Bush who did these tax cuts and
credits. Once these are gone that 47% will drop to around 25%.
2. Raise taxes on everyone below 250k to 10% more. The middle class pays basically an average of 8% in federal taxes...REALLY? that is ALL? They
need to pay more, sorry...as we push into Obamcare and other programs the middle class will need to pay more for it. The poor will need to pay too,
and if you think about it they still get a great deal in the process. If a family that makes 25k pays 2.5k in taxes after all said and done that 2.5k
is still very cheap healthcare.
So we need to push EVERYONE below 250k to 10 to 18% average as a start to fix our problems...
250k to 1 million we should add 12.5% more on top of what they already pay and 15% more on those who make over a million.
As I said these percentages are just a start to get the ball going and could go much higher as Government spending and the deficit grow. No pointing
fingers, whining or making excuses that one cannot afford taxes WE ALL need to pay more.
The debates are over on what type of recovery we should focus on. Obama won and that is the direction we need to go to fix this huge economic
collapse, and I actually think he might be the best man for the job since he doesn't need now to worry about re-election and any promises made that
would be impossible to keep in the first place.
edit on 10-11-2012 by Xtrozero because: (no reason given)