bripat9643
Diamond Member
- Apr 1, 2011
- 170,163
- 47,312
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We haven't tried cutting spending yet. Maybe we should try that.
My proposal would be this: Leave the estate tax as is - we CANNOT afford to eliminate. But at the same time (since all righties are so concerned with "money grubbing bureaucrats") - have those taxes go DIRECTLY toward reducing the national debt.
Problem?
With regards to spending, Trump is cutting literally everything of actual importance but has made little attempt to actually reduce spending. He just doesn't give a fuck because he is NOT a conservative.
Trickle-down/Supply-side economics is a proven miserable failure. Look at the 2000s when Junior inherited an awesome budget surplus, left Obama with a 1.4 trillion budget deficit and paying interest on his 5 trillion in additional debt (see unfunded 2 trillion dollar Iraq invasion and unfunded Medicare D).
2008 ended with our economy in ruins.
So much for Trickle-Down
All tax money goes into a common pool. The theory that you can designate specific sources to to specific purposes is shear idiocy. It's also a con. If all inheritance taxes went to pay off the deficit, the politicians would simply use some that was being used to pay the interest for some other boondoggle.