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I have to disagree. 31 billion may not wipe out the deficit, but it is a good start. The alternative minimum tax is another good start. I think there will be
by poppysan 14y ago
I have to disagree. 31 billion may not wipe out the deficit, but it is a good start. The alternative minimum tax is another good start. I think there will be no single thing that eliminates our deficit, and have yet to hear negatives to the "rich" paying a bit more, especially if many of them are for it.
- Arelius 14y ago> especially if many of them are for it. I do not think that is the case, generally speaking.
- smsm42 14y agoWe already have AMT. Which was introduced with exactly this purpose. Read its history: https://en.wikipedia.org/wiki/Alternative_minimum_tax#History https://en.wikipedia.org/wiki/Alternative_minimum_tax#Histor... It grew in an unmanageable mess of complicated rules that nobody understands and that has very little relation to its original purpose. Since it worked so nice the first time, we absolutely have to do it again. > and have yet to hear negatives to the "rich" paying a bit more, especially if many of them are for it. By "many of them" you mean half-dozen wannabe politicians? You are confusing the opinion of tiny vocal minority with the opinion of silent majority which doesn't do talks on TV. The reasons not to do it are plenty - grabbing more money from productive people to feed insatiable appetites of runaway government spending projects is not a sustainable model. Since most of the politicians are afraid to talk about any serious spending cuts and measures to bring deficits under control, it will not end up in anything but the same deficits with more government spending. Government can spend arbitrary sums of money, so we'd just end up in the same place very soon.