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We could have had reasonable tax policies and reasonable spending policies for a few decades instead of running huge deficits to keep financing tax cuts for the
by titzer 3y ago
We could have had reasonable tax policies and reasonable spending policies for a few decades instead of running huge deficits to keep financing tax cuts for the ultra wealthy, but we didn't do that. Mostly because of the reality distortion field coming out of certain schools of economics that tell us it's gonna trickle down any moment now.
For the record, I don't advocate confiscating 99% of their wealth as some scheme to fund the government. (Did I mention the government? no). And I don't advocate confiscating the money out of spite or a sense of moral obligation. But as a society we might want to consider the instability that every example throughout history suggests. When the peasants revolt, they don't tax the rich, they chop their heads off. (And for the record, I am not advocating that either, sheesh).
- WalterBright 3y agoThe deficits are completely unnecessary - just stop the massive wasteful spending.
- titzer 3y agoI have heard the same refrain for 40 years. It's a vacuous non-statement which is 0% profound and yet always, always hides a deep disdain for helping actual people with an ironic exuberance for stimulus spending the second corporate profits are threatened. We'd have more than enough money if we had sensible tax policies (read: higher taxes on corporations and the rich) and didn't literally set it on fire by blowing so much dough on weapons. I mean, I'd like to give you the benefit of the doubt here, because I can't really know what you really think in depth about such issues, but if you wanna sling meme solutions then it's hard for me to not to fill in the blanks with the rest of it, which is a bunch of corporatist stuff masquerading as today's libertarianism.
- WalterBright 3y agoDo you really think that the non-deficit spending of the government is not helping people? The growth in government spending in the last handful of years has been unprecedented and enormous. > We'd have more than enough money if we had sensible tax policies (read: higher taxes on corporations and the rich) There isn't enough there to fund the trillions in deficits. As for who benefits from corporations doing well, did you know that something like 60% of Americans have investments in the stock markets and much of the rest have pension plans invested in stocks?
- andrepd 3y agoSure. Mr Musk's companies have accrued billions upon billions on federal subsidies. The billionaire class also pays less taxes than any other income bracket in the country. Maybe start the "fiscal discipline" there instead of disability payments or public schools?
- WalterBright 3y agoDon't confuse a federal "subsidy" with a federal contract with SpaceX to buy things from SpaceX. > The billionaire class also pays less taxes than any other income bracket in the country. Obviously, they don't pay less than the 0% income tax bracket.