1/31 http://www.nytimes.com/2003/01/31/business/31SAVE.html
What kind of bullshit is Bush trying to pull? What a shameless
tactic. Tax now to make up for the huge deficit, and to hell
with the future. Keep borrowing tax money from the future.
I thought only drug addicts do these kind of things.
\_ Guess what - Social Security will be broke in 10 years
regardless. The return on the money you pay into Social
Security will be negative - and yet you want to pay more?
If you're so fucking gungho about it - PAY EXTRA, in fact
pay my share. And yes, drug addicts do make comments
like yours.
\_ It's not about the level of taxation. It's about
borrowing future tax revenues to spend today. Get a clue.
Scrap social security for all I care. This Roth IRA
thing is a dangerous game to play. It's good for me
personally in the short run, but it is bad for the nation.
The government is sacrificing a future revenue stream for
a one shot infusion of tax money.
\_ And we all know what happens to money from the
'revenue streams' the government sacrifices right?
The money magically disappears and is never seen
or heard from again (a dark cave in the middle in Libya).
As if the current IRS code does not encourage tax
evasion.
\_ You think the government will cut spending when
the tax revenue disappears? Nah, they will just
increase your taxes then. Remember "Read my
lips. No new taxes"? Thus you are taxed twice.
\_ Obviously you've never run a business or any other sort of
revenue in/outflow oriented .org. Borrowing from the future
to fund things today the way life works. Do you think
to fund things toady is the way life works. Do you think
businesses are stupid for taking out business loans? Do you
think the government should run a perfectly balanced zero debt
budget in good times and bad? Would you like to see a 20%
cut in services if tax revenues drop 20% one year? Or would
your 'answer' be to simply raise taxes 20%? Take some intro
macro economics courses (just one will do) and join us after.
Until then, you're merely confused and a bit cute. Are you
\_this may be true when running a profitable business, but
then we get in a discussion of whether the government should
be run like a corporation. after you fill my head with tales
of efficiency and how Bush has packed his cabinet with highly
successful businessmen, then I whip out how recent news stories
are filled with the collapse of supposedly highly successful
corporations.
available? I could use another young naive pliable lover.
\_ Yea sure, the government is like an efficient business.
Get a grip. You think they will just cut spending in the
future? Nah, they will just increase your taxes to
make up for the lost revenues. Remember "Read my lips,
no new taxes"? Besides, borrowing too much is bad even
for businesses. Do you really need me to list examples
of mightily leveraged companies falling flat on their
faces? This is not just a little borrowing. It's
potentially a huge amount of money. Your important segment
of 80k and above earners are going to dump or redirect a
big chunk of their savings or 401k contributions to these
schemes. Do the math. Also, if you want to stimulate the
economy, cut taxes so people spend more or invest more,
don't borrow future taxes so government can waste more.
No, the government should not run a "perfectly balanced
zero debt budget", it should run a budget that's in the
black with some margin. Finally, stop trying to act
\_ Boy, NY Times bias is showing:
"The change, which would primarily benefit the affluent who can
afford to save more of their income"
(or maybe they need to explain to the readers who can't think for
themselves)
\_ So stating the obvious is bias?
\_ Slanting it to refer to "the affluent" is. Hey, I can save
more than you can, I'm affluent!
tough. You are just a spring chicken.
\_ Why does the trickle down myth persist?
\_ So rich people don't feel guilty.
\_ The 'huge' amount of money is actually very tiny
compared to the whole budget. I've got a grip. You go
do some math. I have no idea what your noise about
"acting tough" and "spring chickens" is about. Anyway,
an intro macro class wouldn't kill you. |