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You do realize where those tax dollars come from? Corporations pay practically no taxes as it is so you can't cut much there
Give the people a tax break and that short fall in revenue will mean deep cuts in social programs.
They tax all those things right now....and you are still running over trillion dollar defecits. Are you suggesting they should raise taxes on those items? Why not jack taxes on luxury yachts and Lamborghinis...tax the life out of luxury items I say.
Yes....as in a raise in the minimum wage. If people have more money, they will spend more money.
Social programs are ruining us, $90 trillion in unfunded liabilities.
reply to post by neo96
If a 100 million Americans get a cheque from the government each month doesn't that tell you they aren't getting paid enough ?
If one third of your populace can't live on what they earn without help that must set alarm bells ringing in even your head.
An estimated 3.6 million people were paid hourly rates at or below the federal minimum in 2012, down from 3.8 million a year earlier.
Just under 60% of all U.S. workers are paid hourly, according to the U.S. Bureau of Labor Statistics. An estimated 4.7% of those hourly workers make minimum wage or less, down from 5.2%, a year earlier. That share is the lowest since 2008.
Americans think they are poor ?
They don't even know what the hell poor is. Other places like Africa know.
Aww I do so love the manufactured current 'crisis'.
Are you better off than your parents? Probably not if you're in the middle class. Incomes for 90% of Americans have been stuck in neutral, and it's not just because of the Great Recession. Middle-class incomes have been stagnant for at least a generation, while the wealthiest tier has surged ahead at lighting speed.
"Manufactured" is right. But let's be honest, not new.
I just can't be a Bleeding Heart Conservative.
The REAL job creators are starting to awaken.
They are sick of paying for Corporate Welfare
Nobody is buying the Snake Oil anymore.
There's a Storm coming.
The real job creators are small business owners getting crushed with asinine 'bleeding heart liberalism' that forces them to shell out money they don't have vis a vis wage hikes, and forcing them to pay for health insurance.
A Small Business only exists if there are Customers. No Customers = No Small Business. No Small Business = No Jobs. Customers need Money.
Putting more money into the pocket of the Customer instead of Corporate Welfare will create more spending, which will create more jobs.
Yes, there is a Storm coming. So make sure you purchase a sturdy Umbrella. Preferably from a Small Business. That way you can help to create more Jobs.
By 1970, the U.S. only held $14.5 billion in gold against foreign dollar holdings of $45.7 billion. On August 15, 1971, President Nixon changed the dollar/gold relationship to $38 per ounce. More important, the Fed stopped redeeming dollars with gold. The U.S. government repriced gold to $42 per ounce in 1973, and then decoupled the value of the dollar from gold altogether. The price of gold quickly shot up to $120 per ounce in the free market. (Source: Time, Fuss Over Dollar Devaluation, October 4, 1971)