03 Feb 10
Anyone else tired of the same old "solutions" offered by the left on the recession, the medicare shortfall, the social security shortfall, and the deficit, and even on paying for the wars? I see no cuts, just tax some more, and when we have more record deficits, tax some more...
03 Feb 10
1 edit
Originally posted by eljefejesuswe have a choice:
Anyone else tired of the same old "solutions" offered by the left on the recession, the medicare shortfall, the social security shortfall, and the deficit, and even on paying for the wars? I see no cuts, just tax some more, and when we have more record deficits, tax some more...
1. tired old solutions from the left
2. the usual chorus of crickets chirping from the right
we need a third option:
3. interesting NEW solutions from the right
03 Feb 10
Originally posted by Melanerpes4. Interesting and effective solutions from someone not mired in the politics of left or right.
we have a choice:
1. tired old solutions from the left
2. the usual chorus of crickets chirping from the right
we need a third option:
3. interesting NEW solutions from the right
**returns to chirp mode**
- Joined
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03 Feb 10
Here's an idea. The 2010 defense and defense related budget is set to be around 1 trillion dollars. Cut 2/3rds of it. There is over 600 billion off the deficit right there. As a taxpayer I'm tired of paying for never ending wars in Afghanistan and Iraq and for the ongoing occupations of Germany, Japan, S. Korea, and other places. Roll back the American empire starting now.
Then we can talk about the out of control social spending.
03 Feb 10
Leonard Burman, an economics professor at Syracuse, has an interesting piece in The Washington Post. He claims that capping tax expenditures from 2013 to 2016 and then indexing them to inflation thereafter would save 14 times as much as capping non-military discretionary spending ($3.5 Trillion).
Doing so of course is sure to make everyone angry (sh76?), but Burman makes some good points and attempts to convince both conservatives and liberals that it may be in their interest to do something like he proposes.
http://www.taxpolicycenter.org/publications/url.cfm?ID=901319
03 Feb 10
Originally posted by telerionSounds good to me. Why would I be angry? I have no problem with responsible taxation.
Leonard Burman, an economics professor at Syracuse, has an interesting piece in The Washington Post. He claims that capping tax expenditures from 2013 to 2016 and then indexing them to inflation thereafter would save 14 times as much as capping non-military discretionary spending ($3.5 Trillion).
Doing so of course is sure to make everyone angry (sh76?) ...[text shortened]... do something like he proposes.
http://www.taxpolicycenter.org/publications/url.cfm?ID=901319
As long as they don't get rid of my mortgage interest deduction, I'm fine with it. 😉
Seriously, I think there are a a heck of a lot of tax expenditures that they would cut before cutting the mortgage interest deduction on conforming purchase money first mortgages.
As such, I'm all for it.
Of course, they should do that AND cut irresponsible spending.
03 Feb 10
1 edit
Originally posted by eljefejesusNonsense, we need to spend spend spend. We spend when the eoconomy is good because we have the funds to do so and we spend when the economy is bad because we all know that is the thing to do to get us out of recessions. Just look at how the last stimulus package did for our economy. We were on the brink and Obama single handidly spent billions more to save us all. Soon he plans to save us again with the upcoming 3 trillion dollar spending spree.
Anyone else tired of the same old "solutions" offered by the left on the recession, the medicare shortfall, the social security shortfall, and the deficit, and even on paying for the wars? I see no cuts, just tax some more, and when we have more record deficits, tax some more...
03 Feb 10
3 edits
Originally posted by utherpendragonWell they are legalizing gambling across the country so why not other vices? In fact, why not legalize prostitution and tax pimps? That way we could have state run brothel houses like there are state run liquor stores. Next to it you could have gambling. After all, the ills of society is really about a lack of money, right?
Abolish the war on drugs. Legalize marijuana and tax it.
Legalize gambling nation wide,tax
legalize prostitution,tax
These three changes would free up enormous amounts of money as well bring in even more.
Had you ever considered the possibility that legalizing these activities might increase the welfare burden on society? Also, I am fully convinced that it matters little how much money comes pouring into the government. They will find a way to create a massive deficit. Its a spending problem, not a money making problem.
03 Feb 10
Originally posted by telerionThe problem with tax expenditures is that they've become the cowardly approach to expanding government. Instead of spending an extra $200Bill to enrich Interest Group X, just give them a special $200Bill tax "incentive" or "deduction".
Leonard Burman, an economics professor at Syracuse, has an interesting piece in The Washington Post. He claims that capping tax expenditures from 2013 to 2016 and then indexing them to inflation thereafter would save 14 times as much as capping non-military discretionary spending ($3.5 Trillion).
Doing so of course is sure to make everyone angry (sh76?) ...[text shortened]... do something like he proposes.
http://www.taxpolicycenter.org/publications/url.cfm?ID=901319
If anyone complains, they can just say "I'm not increasing spending, I'm just cutting taxes". But they're not "just cutting taxes" - while they're cutting taxes for Interest Group X, everyone else's taxes will have to go up (eventually) to pay for it.
I would propose that we put ALL tax expenditures into the general budget with all of the other things the government spends money on.
That way, everyone would be able to see just how much the government is REALLY spending, and we could then we could argue about how much of these tax expenditures are really justified and how much of it is just wasteful corporate welfare.
03 Feb 10
1 edit
Originally posted by whodeyOne of the most horrible things is the sex slave industry - where pimps force girls into prostitution and beat them up unless they produce enough "revenue" every night. And of course, the pimps keep all that revenue for themselves.
Well they are legalizing gambling across the country so why not other vices? In fact, why not legalize prostitution and tax pimps? That way we could have state run brothel houses like there are state run liquor stores. Next to it you could have gambling. After all, the ills of society is really about a lack of money, right?
Had you ever considered the ...[text shortened]... n the welfare state if legalizing these activities might increase the welfare burden on society?
If prostitution was legal, it would put all of this scum out of business.
03 Feb 10
Originally posted by sh76I thought that you were a tax and estate attorney and that more complicated tax loopholes would be boon for you. I've probably just completely mischaracterized your occupation. 🙂
Sounds good to me. Why would I be angry? I have no problem with responsible taxation.
As long as they don't get rid of my mortgage interest deduction, I'm fine with it. 😉
Seriously, I think there are a a heck of a lot of tax expenditures that they would cut before cutting the mortgage interest deduction on conforming purchase money first mortgages.
As such, I'm all for it.
Of course, they should do that AND cut irresponsible spending.
03 Feb 10
1 edit
Originally posted by telerionThere will always be tax loopholes. Completely closing estate tax work-arounds is impossible.
I thought that you were a tax and estate attorney and that more complicated tax loopholes would be boon for you. I've probably just completely mischaracterized your occupation. 🙂
On the contrary, the higher the estate tax and the tougher it is to work around, the better it is for me and my firm.