5 ms·

I feel funny to say it, but I think we have an income problem, not an expense problem. Republicans just spend money and then cut taxes. If people believe we ne

by xphos 2y ago

I feel funny to say it, but I think we have an income problem, not an expense problem. Republicans just spend money and then cut taxes. If people believe we need what we are spending on, we need to tax the difference. It sucks to pay taxes but we need to do it

deleted 2y ago
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bamboozled 2y ago
[flagged]
- exe34 2y ago
  Sovereign debt and personal debt are apples and oranges.
- skywhopper 2y ago
  If you need more money, you can get another job or get a better paying job. You might even take out a loan to start a small business. Raising your income is an alternative to cutting expenses. And taking on debt is actually a useful way to get the benefits of a purchase without having to save up for it first.
  - Avicebron 2y ago
    >you can get another job or get a better paying job For an increasing number of people over an increasing period of time, this isn't an option? Do you think people can snap their fingers and materialize a 6-figure tech salary? I just saw two layed off people on linkedin today, that's two more 5+ years experienced professional software devs on the market...
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ThunderSizzle 2y ago
How much tax is enough? The government would, without playing a deduction game, would love to take 20-30% of my income, while having devalued my dollar by 50-100% in the last 5 years. My salary goes half as far. Being honest, on what should be a great local salary, we can't even afford a starter home, or savings after our monthly grocery bill. The government caused this inflationary Era to devalue the debt, and your suggestion is to take more from families already struggling to stay ahead? Such a communist. Take from the people at gunpoint, give it to the DC bureuacrats.
- Tadpole9181 2y ago
  It's telling that you didn't even consider that the taxes would come from businesses. The businesses that created the majority of inflation by gouging consumers out and bleeding them dry every tiniest opportunity they legally could.
- xphos 2y ago
  I mean practically this take is so wrong. If the (US) government is just so hell bent on taxation how the heck did we get to the point where taxes on income went from 90% (~1950) on top bracket to less than 35%? Business tax was (35% 2008) -> 20% (2020). Empirically in the US in the last 70 years this just never has played out this why. The government did not cause and rarely causes major inflation either at least in this time period. Usually its the economy explodes due to a private industry bubble exploding or natural resources crunch due to foreign governments reducing oil production or pandemics. Its pretty childish to use communist as a tag line when I qualified the claim you can believe that benefits should not exist but if you do you have to own saying you want to cut benefits for poor people and give a tax break to rich people (at least that is what happens when you cut taxes in a progressive system)
janandonly 2y ago
I read about a guy in Turkmenistan who would as a punishment be taxed 20%, and I thought, living in Western Europe or North America is kind of a financial punishment . Mind you, taxed 20%, not 20% extra. Source: https://www.jw.org/en/news/region/turkmenistan/Turkmenistan-Convicts-Second-Young-Witness-for-Conscientious-Objection/ https://www.jw.org/en/news/region/turkmenistan/Turkmenistan-...

by xphos 2y ago

deleted 2y ago

[deleted]

bamboozled 2y ago

[flagged]

exe34 2y ago
Sovereign debt and personal debt are apples and oranges.
skywhopper 2y ago
If you need more money, you can get another job or get a better paying job. You might even take out a loan to start a small business. Raising your income is an alternative to cutting expenses. And taking on debt is actually a useful way to get the benefits of a purchase without having to save up for it first.
- Avicebron 2y ago
  >you can get another job or get a better paying job For an increasing number of people over an increasing period of time, this isn't an option? Do you think people can snap their fingers and materialize a 6-figure tech salary? I just saw two layed off people on linkedin today, that's two more 5+ years experienced professional software devs on the market...

deleted 2y ago

[deleted]

ThunderSizzle 2y ago

How much tax is enough? The government would, without playing a deduction game, would love to take 20-30% of my income, while having devalued my dollar by 50-100% in the last 5 years. My salary goes half as far. Being honest, on what should be a great local salary, we can't even afford a starter home, or savings after our monthly grocery bill. The government caused this inflationary Era to devalue the debt, and your suggestion is to take more from families already struggling to stay ahead? Such a communist. Take from the people at gunpoint, give it to the DC bureuacrats.

Tadpole9181 2y ago
It's telling that you didn't even consider that the taxes would come from businesses. The businesses that created the majority of inflation by gouging consumers out and bleeding them dry every tiniest opportunity they legally could.
xphos 2y ago
I mean practically this take is so wrong. If the (US) government is just so hell bent on taxation how the heck did we get to the point where taxes on income went from 90% (~1950) on top bracket to less than 35%? Business tax was (35% 2008) -> 20% (2020). Empirically in the US in the last 70 years this just never has played out this why. The government did not cause and rarely causes major inflation either at least in this time period. Usually its the economy explodes due to a private industry bubble exploding or natural resources crunch due to foreign governments reducing oil production or pandemics. Its pretty childish to use communist as a tag line when I qualified the claim you can believe that benefits should not exist but if you do you have to own saying you want to cut benefits for poor people and give a tax break to rich people (at least that is what happens when you cut taxes in a progressive system)

janandonly 2y ago

I read about a guy in Turkmenistan who would as a punishment be taxed 20%, and I thought, living in Western Europe or North America is kind of a financial punishment . Mind you, taxed 20%, not 20% extra. Source: https://www.jw.org/en/news/region/turkmenistan/Turkmenistan-Convicts-Second-Young-Witness-for-Conscientious-Objection/ https://www.jw.org/en/news/region/turkmenistan/Turkmenistan-...