TheRealMafoo on 22 March 2009
| Avinash_Tyagi said: People are not taxed out, you really don't get it do you, in real terms US taxes are among the lowest in the developed world.
Also at the moment inflation is down, right now the concern is deflation not inflation |
I guess I should have rephrased.
Almost all of our tax dollars come from the top 5% income earners. If you raise taxes on them, you will not collect any more money.
You could raise taxes on the poor and middle class and increase government income, but most people think that's counterproductive when entering a depression.
Being that I apparently don't get it, enlighten me with your wisdom. If you were president, what would you do?
