samueltyler2 · 80-89, M
It probably makes you feel good to vent. I understand that. But there is a simple formula for the economy. Income must match expenses or there will be a deficit.
I do not say that i have the answers to balancing that equation. Somehow a careful analysis of what the government should support needs to be accomplished, DOGE promised to do that but failed miserablly. How does the government guarantee the promise of life, liberty and pursuit of happiness? That should not be controlled by lobbyists. SCOTUS spoiled that ability.
On the other side of the equation is revenue, aka taxes. No business can stay in business by decreasing revenue. The persistent passing of tax breaks, proportionately benefitting a small portion of the population may be popular to some, but historically has always led to disaster.
Consider this issue carefully.
I do not say that i have the answers to balancing that equation. Somehow a careful analysis of what the government should support needs to be accomplished, DOGE promised to do that but failed miserablly. How does the government guarantee the promise of life, liberty and pursuit of happiness? That should not be controlled by lobbyists. SCOTUS spoiled that ability.
On the other side of the equation is revenue, aka taxes. No business can stay in business by decreasing revenue. The persistent passing of tax breaks, proportionately benefitting a small portion of the population may be popular to some, but historically has always led to disaster.
Consider this issue carefully.
whowasthatmaskedman · 70-79, M
That covers the spectacular show pony of US debt to the rest of the world. But I know you want more...... So lets look as US Household Debt. Americans currently owe $18.8 Trillion on loans, mortgages credit cards and similar financial commitments inside America.. I might add that some of that is owed to companies partly or wholly owned by overseas interests. But thats getting picky. The point is America runs on debt. A lot of debt.. And much of it at high interest rates. My advice would be to get rid of as much of that debt as possible NOW!.😷
To reduce the federal deficit congress must reverse all the tax- cuts given to billionaires and corporations under Trump. Corporations use tax cuts for Stock buy-backs, which contributes nothing to the real economy.
Next reduce military spending. The Pentagon has failed 7 audits in a row. Corrupt defense contractors are stealing hundreds of $billions from the American tax payer every year. Put a stop to that and we recover a huge amount of revenue to pay down the deficit.
Next, ban offshore tax havens and other tax dodging schemes. Force the wealthy and corporations to pay their fair share of taxes.
I would like to see a small tax on transactions in securities, say 1/4 of 1%, to be used to pay down the federal deficit.
The wealthy will fight tooth and nail against these reforms. We the People will just have to persuade them.
Next reduce military spending. The Pentagon has failed 7 audits in a row. Corrupt defense contractors are stealing hundreds of $billions from the American tax payer every year. Put a stop to that and we recover a huge amount of revenue to pay down the deficit.
Next, ban offshore tax havens and other tax dodging schemes. Force the wealthy and corporations to pay their fair share of taxes.
I would like to see a small tax on transactions in securities, say 1/4 of 1%, to be used to pay down the federal deficit.
The wealthy will fight tooth and nail against these reforms. We the People will just have to persuade them.
Diotrephes · 70-79, M
@Broache73 = Don't you know that there will always be inflation? There's the cost of transportation for everything. And workers want pay increases. The investors want dividends. Therefore, the cost of things will always increase in order to meet those demands.
samueltyler2 · 80-89, M
@Zonuss who is the "they?"
