04 Oct '10 18:12>
will wonders never cease? badmoon an anti-tax advocate!
Originally posted by generalissimointeresting how they use the word 'costly' when it's the taxpayers' own money being credited back to themselves.
Interesting link
http://www.bbc.co.uk/news/uk-politics-11466178
Originally posted by generalissimoI've been keeping my eye on the UK and will do so as things continue to unfold. They still have a lot of compromising to go before they become solvent.
http://www.bbc.co.uk/news/uk-politics-11462986
[b]Universal allowances, such as child benefit, could be curbed to help fund a major shake-up of the welfare system, David Cameron has indicated
"The prime minister wants to wrap all existing out-of-work benefits into a single payment that encourages work.
Speaking as the Tory conference got ...[text shortened]... discouraged rather than perpetuated by the system. These are certainly admirable measures.[/b]
Originally posted by badmoonSimply lowering the retirement age does not allow people to retire. Presumably there would be an actuarial reduction in the amount of retirement income (income replacement) at a younger age. Health care is also an issue for retirees, and Medicare does not begin until age 65. Less income coupled with the cost of private health insurance can be significant deterrents to “early” retirement. To remove those deterrents comes at a cost—to somebody.
The retirement age in the US to get SS should be lowered to 60 and 62. Get the older workers off the payroll so younger workers can get jobs.
Originally posted by highdrawHere is another quote from Uncle Ben.
Its important to make the poor uncomfortable in their poverty....Ben Franklin
Originally posted by whodeyI thought you were so worried about deficits? And yet you "miss" the man responsible for a large part of the current US debt?
Here is another quote from Uncle Ben.
"It would be a hard government that should tax its people one-tenth part of their income."
Of course, I ran across this quote from Reagan and had to share it.
"The governments view of the economy could be summed up in a few short phrases: If it moves, tax it. If it keeps moving, regulate it. And if it stops moving, subsidize it."
I sure miss Ronny. :'(
Originally posted by telerionThread 134528 : UK as badly off if Ireland, if it were as honest
I've been keeping my eye on the UK and will do so as things continue to unfold. They still have a lot of compromising to go before they become solvent.
I have a hunch that within twenty years we'll be looking back at them as a case study.
Originally posted by zeeblebotAs things stand, I consider off balance sheet obligations as just very unlikely payouts, but you point is well made.
Thread 134528 : UK as badly off if Ireland, if it were as honest
Originally posted by KazetNagorraMy point here is that we should not have to tax the citizenery to death because of its out of control spending. But you are correct, taxes do need to go up as does cutting spending. The question is when? I think we can both agree that a healthy economy produces much more revenue than a sick one. So then should government wait to raise taxes until the economy has recovered so that it will not hinder growth that creates a healthy economy?
I thought you were so worried about deficits? And yet you "miss" the man responsible for a large part of the current US debt?
Originally posted by whodeyThat's the big question in fiscal policy circles. There's no consensus yet, but I think the general (non-partisan) view is that we should hold off on increasing taxes and cutting spending programs until the economy has recovered. Then there needs to be a very serious discussion about broadening the tax base and lowering rates as well as some explicit expectations management of entitlement programs. Ideally, lawmakers will come up with a proposal in which nearly everybody (except the most desperate) have to put some skin in the game either from additional taxes or reduced programs. That way nobody's left feeling like they are getting screwed over.
My point here is that we should not have to tax the citizenery to death because of its out of control spending. But you are correct, taxes do need to go up as does cutting spending. The question is when? I think we can both agree that a healthy economy produces much more revenue than a sick one. So then should government wait to raise taxes until the economy has recovered so that it will not hinder growth that creates a healthy economy?