i would bet you $1000 that raising taxes to 70% woudlnt generate more revenue, it would generate MUCH LESS. I would also bet you that lowering taxes to 1% on everyone isnt the answer either.
You and I both know its much more complicated than that.
What i think we should both be able to agree on is that the 4% increase on people making over $400k, and the 2.3% on people working in the payroll tax, amounts to a tear drop in the Atlantic Ocean.
If your credit card debt is $100,000 and you are almost maxed out, do you ask for a limit increase and a 1$ a year pay increase to combat it?
NO, YOU CUT YOUR SPENDING.
Taxes were NEVER the issue, its only used to score political points. Neither side is serious about cutting spending
Enterprise Data Resources- Ecommerce Project Manager
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Because if you cant be trusted with $100000 credit card and you cant live within your budget, then you dont deserve more money you can not take care of.
Lets put this in perspective"
100+ YEARS we run up 10 Trillion in Debt
Obama runs up 6 TRILLION in 4 years
Now THEY WANT ANOTHER 5 TRILLION INCREASE?
Im sorry you can make all the fucking excuses in the world, but you cant talk out of both sides of your mouth. The GOP cant say spending cuts is priority while increasing defense spending like clockwork. Obama cannot say He has to spend a shit load of money because of what he "inherited" 4 years later while at the same time touting how much the economy is improving.
They are spending your money and people are either too stupid to realize what is happening, or just dont care
There is NOTHING you can tell me that warrants doubling the national debt in 8 years when the original number took over 100+. NOTHING. The 2008 Collapse, was AS BAD as what BUSH dealt with his 8 years (9/11, .COM bubble, Housing Crisis, KATRINA).
Obama has NO REASON to continue to keep spending at 1+ trillion dollar deficit levels. Hes doing it because he is expanding the entitlement society and because they are lieing about what Obamacare and all the entitlements are REALLY costing. they are lining their own pockets (BOTH SIDES) with YOUR money
Enterprise Data Resources- Ecommerce Project Manager
-www.usedbarcode.net
They already spend money they don't have, I don't think lowering tax revenue will stop that. Decreasing revenue is treating the symptom not the actual cause. The actual cause is...
This is the actual cause. The public simply doesn't care much about our debt. If they did care they could turn our spending problem around in a few years by electing people on platforms of not spending and decreasing the debt.
And the people just reelected him so why should he do anything differently? In a democracy, we don't have the luxury of blaming politicians for all our problems because they only have power as long as we let them. Of course the politicans have responsibility but how long can we blame them for when we keep reelecting the same ones over and over and over again?