4 ms·
If one earns X currency, and X/2 of the earnings are absorbed by government in various forms, then the tax burden is high, no matter the pettifoggery offered b
by smitty1e 1y ago
If one earns X currency,
and X/2 of the earnings are absorbed by government in various forms,
then the tax burden is high,
no matter the pettifoggery offered by those arguing against what is in front of one's lying eyes.
- watwut 1y agoOtherwise said, I will complain about any tax no matter how low or high it is, either historically or in comparison to other countries. Yes, America is low taxes country. That is one of reasons why its debt was not seen as an issue by serious investors - there was an assumption it can pay it back any time via making taxes slightly larger. Oh, and while I am doing it, I am also complaining about deficits, while making them larger by refusal to tax. And any program that helps someone not me is a waste of money, no matter how much money it actually saves via having functional country and society. I prefer things dysfunctional.
- smitty1e 1y agoSo, in summary, our federal government amounts to a vast pile of debt, technical or financial, and the Pollyanna[1] response brings scant comfort. [1] https://en.m.wikipedia.org/wiki/Pollyanna https://en.m.wikipedia.org/wiki/Pollyanna
- watwut 1y agoRight now, the debt is about to become much bigger, because Republicans want to cut taxes while making USA less trustworthy for bond buyers. (And no, they were not able to save money with their random cuts). Newsflash: most of that debt is because of republicans who slash taxes each time the democrats stabilize the situation. Federal government actually has quite a lot of useful and effective services. And then one party (republicans) that is intentionally trying to make it innefective and bad.
- smitty1e 1y ago> Newsflash: most of that debt is because of republicans who slash taxes each time the democrats stabilize the situation. Please.