2firfun50 wrote:Where is the money to pay back these loans? Tax money of course. So taxes for everyone are going to have to increase in a fair and equitable manner.
You are seriously misinformed. Raising taxes will simply depress the economy more and
lower tax receipts. When Reagan lowered taxes, federal tax receipts
increased. The problem was, the Democrat Congress saw that as an opportunity to raise spending even more. (And lest you think I'm a Republican, I'm not. The Republicans are just as guilty as the Democrats of getting us into this mess - in some cases more guilty. E.g. Nixon was the one who took us off the gold standard and by doing so stole our wealth.)
I did some research on taxing the rich. Here's some facts for you to consider:
1) Confiscating the entire incomes of
every single person who earned more than a million dollars (
100% of their income!) would finance our government for 111 days.
2) Confiscating the entire
wealth (that's their homes, cars, bank accounts, investments - everything) of the 20 richest people in America would not pay the annual interest on the national debt.
3) Confiscating the entire
wealth of
every human being in America would not be enough to meet our current and future obligations for entitlements, etc.
(And no, I'm not giving you the sources for this information. If you really care about America, you'll do the research yourself. Forbes has an annual list of the richest people in America. You can start there.)
Taxing the rich is a fool's errand. The rich are the only ones who can pick up and leave. Can you move to Aruba if the burden gets too high here? The rich are packing up and leaving America now, just as they are in France where the fools are taxing them excessively. The rich are the only ones who have options.
There's an old fable about a goose and a golden egg. It's a child's story with adult wisdom. Think about it.
2firfun50 wrote:I'm tired of paying 23% while those living off investments are paying 15%.
You
do know that included in your "them against us pool" are the millions of seniors living off investments, right? That along with the Romneys you despise so much are people like me, who have managed to scrape and save and put away a few thousand for retirement?
You need to cast off your blinders and get informed.
2firfun50 wrote:In my opionion, Social Security, Medicare, and Medicaid are not "entitlements". They are forced investments in the future.
That's a lie you were told by your government, and you chose to believe it. Those "investments" went into the general fund and served to enlarge the government and a favored few while you and I hoped to simply draw a measly paycheck of an "investment" that should have paid us at least four times as much.
2firfun50 wrote:We have paid into that system since 1939 and it is too late to call a mulligan. For me, "Now" is the future I have been investing in it for a total of 47 yrs. It is time.
Its time to quit playing the shell game and get serious. The balloon payments are due. Neither party. nor the American people have the will or the courage.
And the
only thing that will save America is to stop spending so much. There aren't enough rich people to pay the interest. There aren't enough
people to pay the future obligations.
And we haven't even discussed how your freedoms were stolen from you while you swallowed the class warfare rhetoric hook, line and sinker.