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Re: It's Official - Babyboomers Start Collecting Social Security
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Originally Posted by White Rabbit
This is 'pie-in-the-sky' dreaming.
As it stands now, the bottom 50% of income earners in the USA pay little or no federal income tax at all. The entire US federal tax burden is presently being carried by the top 50% of income earners.
Thus, "most" people don't actually deserve a tax cut because they don't pay the tax.
And the kind of cuts to the US military that you are suggesting would have to be massive - essentially cutting it in half.
Merely restoring GWBush's tax cuts would still leave the USA running a fiscal deficit at this time. This doesn't cover the SS projected shortfall nor would it pay for a National healthcare program. Let alone additional tax cuts for the middle class.
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Grover Norquist, believes that the military budget can be cut by 70%, without affecting national security, it's one of the ways the Bush tax cuts were justified. It costs a lot less to defend the US, than it costs to attack the rest of the world.
The US health system costs more than any other health system on the planet, how would implementing a different system (based on the many successful systems that cost half as much to operate) bankrupt the system?
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“ The subjects of every state ought to contribute towards the support of the government, as nearly as possible, in proportion to their respective abilities; that is, in proportion to the revenue which they respectively enjoy under the protection of the state.”
Adam Smith , The Wealth of Nations 1776
"We have always known that heedless self-interest was bad morals; we know now that it is bad economics"
FDR's second Inaugural Address
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