5 ms·

> It's not a hard project to implement you cut an identical check to every tax payer. The tax collection agency already has everyone's name and address, and has

by cubano 11y ago

> It's not a hard project to implement you cut an identical check to every tax payer. The tax collection agency already has everyone's name and address, and has the infrastructure to cut checks, as does the welfare agency. Who pays for this? The bottom 46% of income earners already pay zero tax, and the top 10% pay almost 50%. Yes you can argue, I guess, that they should pay more but careful...at what point do you kill the golden geese? We keep borrowing, you say? Well we are almost $20tril in debt right now and current unfunded federal liabilities are somewhat north of $200tril.

crdoconnor 11y ago
>We keep borrowing, you say? Well we are almost $20tril in debt right now and current unfunded federal liabilities are somewhat north of $200tril. And yet inflation (the real measure of "borrowing too much") is basically below zero.
- cubano 11y ago
  It won't last forever, that's for sure. The only reason we haven't seen real inflation yet is because the dollar is the reserve currency of the world and that other countries are in even worse shape, thus we have natural inflation-resistant situation where we get to finance our debt on the backs of the world.
  - crdoconnor 11y ago
    Which would be very convincing if Japan: A) weren't the reserve currency of the world. B) didn't have 20 or so years of no inflation. C) didn't have legions of economists saying that massive inflation was just around the corner since ~1993 - exactly like you are now. D) didn't use a different, equally unconvincing excuse for why they too are special.
dragonwriter 11y ago
> The bottom 46% of income earners already pay zero tax No, that's not true. Not even if you are just referring to federal taxes. And not even if you are just referring to federal taxes on income (which include both the "income tax" on the "payroll tax".)
- cubano 11y ago
  What are you talking about? Yes of course we all pay state and local transaction taxes, but we were talking about transfer payments from the federal government to individuals. Not only do the bottom 45% pay NO federal income tax, most already are net beneficiaries of federal outlays. http://www.marketwatch.com/story/45-of-americans-pay-no-federal-income-tax-2016-02-24 http://www.marketwatch.com/story/45-of-americans-pay-no-fede...

by cubano 11y ago

crdoconnor 11y ago

>We keep borrowing, you say? Well we are almost $20tril in debt right now and current unfunded federal liabilities are somewhat north of $200tril. And yet inflation (the real measure of "borrowing too much") is basically below zero.

cubano 11y ago
It won't last forever, that's for sure. The only reason we haven't seen real inflation yet is because the dollar is the reserve currency of the world and that other countries are in even worse shape, thus we have natural inflation-resistant situation where we get to finance our debt on the backs of the world.
- crdoconnor 11y ago
  Which would be very convincing if Japan: A) weren't the reserve currency of the world. B) didn't have 20 or so years of no inflation. C) didn't have legions of economists saying that massive inflation was just around the corner since ~1993 - exactly like you are now. D) didn't use a different, equally unconvincing excuse for why they too are special.

dragonwriter 11y ago

> The bottom 46% of income earners already pay zero tax No, that's not true. Not even if you are just referring to federal taxes. And not even if you are just referring to federal taxes on income (which include both the "income tax" on the "payroll tax".)

cubano 11y ago
What are you talking about? Yes of course we all pay state and local transaction taxes, but we were talking about transfer payments from the federal government to individuals. Not only do the bottom 45% pay NO federal income tax, most already are net beneficiaries of federal outlays. http://www.marketwatch.com/story/45-of-americans-pay-no-federal-income-tax-2016-02-24 http://www.marketwatch.com/story/45-of-americans-pay-no-fede...