Obama: Cut the deficit by taxing the rich

[Kasz216]

Mr Khan said:

HappySqurriel said:

Mr Khan said:

 

Some streamlining is necessary, but i hope to be one of those people living on bloated goverment benefits in the future (like my Uncle, whose near retirement and now spends most of his time on vacation, though he's from the self-sustaining FDIC)

Wouldn't you rather have a real pension built off of the growth in value of real investments than to live off of the work of someone else?

I agree that idle money should be put to work, which is why i like the idea of 401s, and i'm not saying that money shouldn't be put to work while it idles, but that money should be there

And again we have this implicit idea that government provides nothing of value. Public good is the most noble service at the end of the day, because it evens out the necessary inequalities of capitalism (i like my materialist excesses, which keeps me from being an advocate of Communism proper, but social democracy with a strong public sector is the best third way)

EDIT: heh, i discovered a new smiley...

Money doesn't idle though.  Right now the money paid for SS and the like... the government sells it to itself, for an IOU.  Then uses that money to spend on other stuff.

Right now, basically, it's as if I took money from my girlfrined to put away for retirement... took that money, bought some videogames and wrote an IOU on my computer that i owed her that much money 2% in 20 years.