ForumsWEPRThe Budget Crisis

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zakyman
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zakyman
1,627 posts
Peasant

Lately, the folks up at Washington have refused to eat their peas, and if they don't chow down soon, then the rest of America will pay deeply. I am sick and tired of politicians pointing fingers, and yelling at the opposite parties, instead of actually trying to solve the problem. I want to hear AG's opinion on how the budget crisis can be solved. List what you would do, what you would cut, what taxes you would raise, etc.


Raise taxes for those who have above $10 million income yearly by 5%
Lower spending on Medicare by about 10%
Reduce corporate tax breaks by 15%
Any income over $100 million per year is 70% taxable

  • 23 Replies
MasterC2010
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MasterC2010
187 posts
Shepherd

(not from US so don't attack me)

Do you guys really need to spend that much on your military? The rich should pay a bit more than they are now, and why not start drilling the oil in your country (the US spends a truckload from oil imports). Also, stop talking about reducing the dept, why not get rid of your dept?

Medicare, medicaid, welfare, and social security are a big part of why this country is so far in debt. Get rid of these programs and the economy would do allot better. Jefferysinspiration the reason the European countries are so far in debt is because of free health care, its a vote buying scheme. You should have to pay for it your self and not have the government interfering with your health care.

I disagree with that. They are in dept because of lack of self control. Also, if you did not have health care, would you be able to pay for your hospital fees (remember, health care covers stuff from 100$-100 000+$)? Your country was in dept before these programs were in place.
zakyman
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zakyman
1,627 posts
Peasant

why not get rid of your dept?


I'm not attacking you, but it's kind of hard to get rid of 13 trillion dollars of debt in a few years.
NoNameC68
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NoNameC68
5,043 posts
Shepherd

Cutting Taxes is a stupid option, it is what lead us here.


No, the fact the government continued to spend money got us here! Allowing people to keep their own money doesn't harm the economy.

Anyone who thinks that by cutting them more our economy will flourish and thereby add money into the revenue of the federal government is crazy.


Exactly, because cutting taxes will only mean less money for the federal government. This is why we should not allow the federal government to go crazy with spending. The more THEY spend, the more I have to pay.

People with this kind of cash flow need to pay more into the government, not because they're bad or anything, but rich people have it easier.


We shouldn't discriminate against people because they have it easy.

I feel that if the Government had the money, by either raising taxes or cutting down military spending, they could handle our foreign debt, social security, and medicare and pay them off.


If they had the extra money, they would create more programs with the money and further create problems for future generations.

If they got the great opportunity to get rich in this country, they should pay the country back in a rich fashion, no?


We don't owe anything to our country. The country should work to protect the people, not take from them.

I disagree with that. They are in dept because of lack of self control. Also, if you did not have health care, would you be able to pay for your hospital fees (remember, health care covers stuff from 100$-100 000+$)? Your country was in dept before these programs were in place.


It doesn't matter if the country was in debt or not before Obama introduced national health care. We aren't saying that getting rid of national health care will get rid of our debt, it will just prevent us from going even deeper.

Also, for most people, by the time you do get sick, you will have payed more in national health care than you would for the medical bill. Even when this isn't the case, the money comes from our tax dollars, and if we don't raise taxes, we create even more debt. We shouldn't really raise taxes, because we should be entitled to the money we work for.

You can't bring up the argument that by taxing these wealthy people we'll be taxing business that will cut into our economy -- because if that were true, the opposite should be as well, and the Bush tax cuts should have lead to an increase in jobs and overall rise in pay as wealthier people had more money left over to invest in their business or spend for themselves.


Bush introduced many programs, regulations, and bail outs that harmed businesses.
zakyman
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zakyman
1,627 posts
Peasant

We don't owe anything to our country. The country should work to protect the people, not take from them.


"Ask not what your country can do for you-ask what you can do for your country."-JFK

We shouldn't discriminate against people because they have it easy.

It is not discrimination against other people because they have it easy. Ask yourself, if you were making 100 million per year, maybe more, then would you really need all that money to live? Sure put some away for college for your kids, buy a fancy house, etc. But after that, you would just build up your income with nothing to do with it really. So theoretically, the wealthy should put up more than the middle and lower class. I know that they do it already, but I think that taxing income over 100 million per year heavily would be a good solution.
NoNameC68
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NoNameC68
5,043 posts
Shepherd

It is not discrimination against other people because they have it easy. Ask yourself, if you were making 100 million per year, maybe more, then would you really need all that money to live?


It doesn't matter what I would do, or what you would do. The matter is whether people should be forced to pay more because they have more money.

Understand that taxing the rich because "they don't need all that money" isn't justification. I believe we should be entitled to our own property, not each others no matter how big or small.
novacek96
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novacek96
11 posts
Nomad

this may sound like a radical solution but... legalize and tax drugs... i.e. cannibas, heroin, cocaine, and others. If your stupid enough to use them then thats your own stupid fault. Nut legalization would mean taxation which would give the government billions each year. it would also cut down severley on gang violence and illegal activity. just saying.

Armed_Blade
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Armed_Blade
1,482 posts
Shepherd

We shouldn't discriminate against people because they have it easy.


Taxes need to be levied for a government to run [To an extent]. The only real justification for this is that you are living in this country and using its resources. As a rich person, not only should you contribute the same percent someone else would in your community, but you should also see that you are using many more resources of your country that others are not. For that, it should be expected that it is taxable.
It isn't about being entitled to your property, it is about being entitled to a functional government.
If you say that everyone is equally entitled to their property, then your ideal form of taxes would be that all persons in the States pay the same, exact amount of money for taxes annually. This would be bad.

Bush introduced many programs, regulations, and bail outs that harmed businesses.


I'm sure that wasn't enough to blow out the expected amazingness of a 1.4 Trillion dollar tax cut. Could you give me some examples?
Armed_Blade
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Armed_Blade
1,482 posts
Shepherd

Also, for most people, by the time you do get sick, you will have payed more in national health care than you would for the medical bill. Even when this isn't the case, the money comes from our tax dollars, and if we don't raise taxes, we create even more debt. We shouldn't really raise taxes, because we should be entitled to the money we work for.


Sorry for the double post, but I just wanted to say that this argument never really works. While it is true that chances are you would have paid much more into medical insurance than you would ever get out of it -- the idea of it is that the insurer has a bunch of cash on the ready for you, whereas you, who probably is not saving up for every possible issue, does not have money on hand like that. Taking an instant debt on a large sum of money from a hospital or health care provider without insurance is a scary thought that leaves people in financial ruin.
Now, it is true that it makes much more sense to create a little bank account and save money in it monthly for possible medical issues, possible life failure, possible auto failure, possible flood, possible home being attacked by a bear -- but insurance makes a little more sense and ease to life. I see nothing wrong with making something that is so a part of our society already a nationalized institution.
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