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“Raising taxes” is a misnomer - “restoring taxes to the level they were when we were deciding how to allocate tax revenue” is more accurate. There’s plenty of o
by roughly 4mo ago
“Raising taxes” is a misnomer - “restoring taxes to the level they were when we were deciding how to allocate tax revenue” is more accurate. There’s plenty of other causes of the deficit, but “Congress deciding not to take money from wealthy people and corporations to fund the services they’d promised to the rest of us” is the core. We don’t have a budget deficit, we have a tax revenue deficit.
- brightball 4mo agoWe have nearly doubled the federal budget over 10 years. It is a spending problem and a spending problem alone. https://news.ycombinator.com/item?id=48633650 https://news.ycombinator.com/item?id=48633650
- roughly 4mo agoThis presumes that federal spending is a bad thing.
- brightball 4mo agoSpending more than you have is bad. Inflating the currency making everyone poorer to pay for it is worse. This is basic economics. Yes, excessive federal spending is bad.
- roughly 4mo ago“Spending more than you have” is an equation with two terms in it, and that is my entire point. You’re focusing on the one term, I’m focusing on the other. Do you have a reason for saying the current amount of spending is bad other than that it’s not adequately covered by tax revenue?
- doxeddaily 4mo agoI'm with you, these people you are arguing with just want to spend us into oblivion. If people think we've had high inflation up until now well... we are just getting started.