Kuros
Rookie
- Banned
- #81
Exactly wrong.
The Boomers have been pressing for tax cuts, tax cuts, tax cuts even as the entitlement system is strained. Our generation can bear working harder, but we won't bear having to pay off YOUR generation's debts, not while YOUR generation can pay its due but refuses to do so.
Debt is Debt ... Do you think it should be paid or not?
Do you think that is how the world works? That you only have to pay off what your generation has done? It's not. Debt is Debt ... It either is paid for or it's an albatros on future generations .... It's not really a 'your debt' 'my debt' situation ... It's a simple matter of if yourwilling to pay it off or not.
Cutting taxes is the way to get out of a finacial crisis. You don't raise taxes when the economy is in this shape ... Has nothing to do with profits. Has everything to do with spending. More money in my pocket doesn't mean that I save more, it means I buy that new plasma tv I've been looking at .... It's all about putting more money in the working mans pocket.
Will the ultra rich save more? Yes ... It's not about them ... It's about the other 99% of the workers in this country having more money in their pocket that will spur the growth
It's the lefts hatered of the ultra rich that makes you think of tax cuts as bad because those billionaire won't pay as much ... Your in essense saying ... If the really rich get a cut too, then I don't want anyone getting a tax cut ... Makes no sense to me ... Why penalize 99% of the work force because 1% would 'get a break' like the rest of us would?
Tax cuts spur spending ... Plan and simple ... Most Americans are not rich, we spend what we make. How many people do you know that hide their income overseas? Bet it's a pretty small number.
Cutting taxes works. It's proven to work. It proven to increase demand. It proven to put more disposible income in peoples pockets. In what world is that bad?
As for entitlements, if you have been living for four years on unemployment (a program that back in my day was to provide income for no more the 16 weeks) then maybe your exploring that entitlement program
Everybody should have tax increases: repeal the Bush tax cuts, or adopt a similar plan (Simpson-Bowles).
The debt that was created will be an albatross on our generation, yes, even with the tax cuts. Bush ran on the same premise: we can finance a war by cutting taxes because Americans will spend more. We are living with the result. I don't understand how you seriously propose continuing a failed policy, unless of course you are a Baby Boomer willing to pass the buck.