Tax fail

[Zamphir]

"we will be increasing taxes on all while decreasing entitlements."

"we will be increasing taxes on all while INCREASING entitlements "

fixed it for you

[Sgtstadanko]

The reason why we are in this mess is cus the middle class was getting to close to the upper class.So the upper class stops investing and pulls there investments while the super rich dump their investments.Therefore putting the middle class that spent too much back where they belong. America should tell these companies if your going over seas to employ cheap labor then we will tax you heavier for it but it doesn't fit the interests of the politicians that get their pockets lined.They dont care about the poor because they will most likely stay poor even with the handouts.They just care about keeping the middle class where they belong.The super rich all over the globe control everything and the only way to take back our or anyone country really is civil uprising and take back control of our great countries.But you cant get rid of greed in men so nothing will really ever get fixed.

[ascanius]

"we will be increasing taxes on all while decreasing entitlements."

"we will be increasing taxes on all while INCREASING entitlements "

fixed it for you

I certainly hope thats not the case; we've already been doing that too long. If we don't start paying off our debt, especially when payments to foreign governments (cough China cough) we will ahve some serious financial issues. Foreign government will drop their holdings and fuck our economy in a very unpleasant place (except in Cassidy's case, and 39% of other women; and a larger percentage of males). That is unless our government and citizenry are alright with low (and even negative) long-term growth, and the effects of that on future generations.

With a disappearing middle class (a very bad thing) we need to increase taxes on the wealthy (including well off businesses) and try to alleviate taxes on the middle/low income bracket. We also need to stop spending and reduce spending in many areas.

The reason why we are in this mess is cus the middle class was getting to close to the upper class.So the upper class stops investing and pulls there investments while the super rich dump their investments.Therefore putting the middle class that spent too much back where they belong. America should tell these companies if your going over seas to employ cheap labor then we will tax you heavier for it but it doesn't fit the interests of the politicians that get their pockets lined.They dont care about the poor because they will most likely stay poor even with the handouts.They just care about keeping the middle class where they belong.The super rich all over the globe control everything and the only way to take back our or anyone country really is civil uprising and take back control of our great countries.But you cant get rid of greed in men so nothing will really ever get fixed.

The middle class is not getting close to the upper class, and in truth the opposite is true. The wealthy are increasingly bigger holders of the GDP and the middle class is shrinking (and not because more are becoming wealthy). The wealthy do invest/save more than the those with lower incomes, but the decreasing size of the middle class has nothing to do with the wealthy saving/investing less. It has to with what you later pointed out about our businesses increasing reliance on cheaper foreign labor. While we could penalize businesses for picking up foreign laborers for cheaper, the problem would be those businesses would find it harder to compete with foreign businesses. Then our only recourse would be to setup barriers to foreign businesses, which will force those businesses' governments to do the same thing hurting our businesses even more.

A revolution won't happen and could not succeed.

Our hope relies on better educations (especially in the sciences), and those who benefit from this creating new industries. Chances are though, this will only be a minor relief. We're bound to have economic difficulties as economies around the globe converge, and our economy will grow at a much slower pace as poorer ones increase until we all hit some floating relative economic size point (an economic convergence theory). A lot of our long-term growth in the past had to do with cheap immigrant labor being abundant, but less of that (thank you Arizona...) and an increasing reliance on a competitive skilled labor market (smaller manufacturing sector) limits our growth (along with less being saved by the average American).

Or we might just have have a shitty economy after decades of economic superiority induced slothfulness/bad habits. I doubt things will never be fixed, it will just take a lot of time and really bad consequences until future generations are tired of becoming a 3rd world shell of our former self.

[pezcore]

The reason why we are in this mess is cus the middle class was getting to close to the upper class.So the upper class stops investing and pulls there investments while the super rich dump their investments.Therefore putting the middle class that spent too much back where they belong. America should tell these companies if your going over seas to employ cheap labor then we will tax you heavier for it but it doesn't fit the interests of the politicians that get their pockets lined.They dont care about the poor because they will most likely stay poor even with the handouts.They just care about keeping the middle class where they belong.The super rich all over the globe control everything and the only way to take back our or anyone country really is civil uprising and take back control of our great countries.But you cant get rid of greed in men so nothing will really ever get fixed.

I stopped at "cus" :O

[Bees]

i am all in favor of a 15% flat tax ... the tax code could be written on a napkin .. for every dollar you make you pay .15 cents .. end of story ...no deductions ......no exceptions nothing ...

ahh, "for every dollar you make". that sentence already has enough loopholes for the rich to get out of paying tax