Re: Is it any wonder some people think the Tea Party is a bunch of Mad Hatters?
Yes they do, and a good example is their healthcare. We know that pure socialism does not work.(except for the top) We know that exploitive capitalism doesn't work(except for the top) So some of these nations over there move in between the two, with better results.
Originally Posted by dnsmith
I get tired when hearing about the high taxes in the US. We are way down on the list of TOTAL TAX RATES as a nation. Yet to listen to the cons, one would think the US was the highest taxed people in the world. They are bald faced liars. So why would they want to drop tax rates lower? The Bush tax cuts are still in effect with Obama reducing payroll tax for employees...so where is that economic growth that lower taxes always bring? All these cuts are doing is growing the national debt.
We are in economic waters we have never been in before. We have a high jobless rate which is directly attributed to exporting lower middle class jobs and well as upper middle class jobs. Stimulus spending does not work when you no longer have the factories that would be stimulated by consumer spending. But this isn't the only thing that no longer works with this new economic model.
Tax rates no longer work on stimulating economic growth. Dropping tax rates will achieve little in growth, job growth. We lost a sector of the economic engine, and there was nothing in place outside of bubbles that will take up the slack. That is a fact.
So, given the blossoming social safety net spending caused by globalization, we should jack up tax rates to the highest they have been since JFK in order to try to fix the collateral damage done to this nation by off shoring our industry. And to pay down the debt to a non dangerous level.
As long as we treat this new economic model like the old one, we will only dig this hole deeper.
Last edited by Blue Doggy; 07-05-2012 at 10:23 AM.
"Like every other good thing in this world, leisure and culture have to be paid for. Fortunately, however, it is not the leisured and the cultured who have to pay." Aldous Huxley.