Forget Socialism for a minute........
How the *fudge* do we pay for A, unless money comes in from B?
At least that's how it works at my house.
Tax cuts don't make the deficit any smaller.
Isn't it that simple?
What I think, in an over-simplified way, what they are doing is trying to get the economy on to a faster recovery. By getting the economy healed they will bring in more in taxes with more people working and less drawing unemployment. JMO.
People b1tch and moan that the wealthy gets tax breaks. They are already bearing a greater burden of the tax base than lower income folks. What about those that pay zero in income tax, but get a tax refund? Is that fair to those of us who actually pay into the system?
That's the main reason that I believe that our tax system needs a major overhaul.
The way I see it, it's the economic system that is broken and needs an overhaul. It's an economic system that allowed for the current wage imbalance which sees the average CEO making 400x that of the average worker.
For a progressive tax system, ours is pretty flat. Even still, we have conservatives crying about flattening the tax system even further and spouting off about how the top x% of wage earners pay x% of all taxes. But that's nsot reflective of a tax system that's too progressive. That's reflective of how imbalanced the wage distribution is in this country.
It would be great if lower wage earners were even capable of paying more taxes. That would mean that they are earning greater wages. How are we going to get to that scenario given that there's only so much money in this world? It's got to come from somewhere.
