Baalzamon said:
Not just that, what really makes me laugh, is when the govenment says that they will raise taxes so that they can cover the deficit that they are running. The only problem with this is if they raise taxes by $1 billion, then they also seem to think they can raise spending by $1.25 billion (just random numbers). How the hell are you supposed to cover a deficit with increased tax revenue when you increase spending by more than that tax revenue. It has honestly gotten to the point where I almost wish that we do default on our loans. People will be pissed the fuck off at our government, possibly more so than they ever have been before. Being that nothing else seems to have any effect whatsoever on the government cutting their expenses, I really do wonder if they would stop fucking around so much and actually fix our problem if this were to happen. Knowing how much of idiots they are, though, I highly doubt it would have any effect. |
agreed. Its amazing that some people just simply don't look at history. EVERY time taxes go up the governments spends even more. It NEVER fails. They think they will raise taxes and then cut spending. They are dreaming in candy land my friend! The U.S. government has made some real bone headed decisions in the past. And here is what amazes me about people that don't understand economics; Do people actually realize that if taxes are raised it hurts job growth and actually decreases income into the governemnt? ya you would think it would raise income to the government.
But tell me this, what would you do if you went to the grocery to buy food with $100 and they were making everyone pay a fee to shop there of $30? what would you do? well you would spend less and buy more things on sale as well as maybe some non brand names. Well lets say they uped their fee to $40? Well you would obviously spend less and buy even more cheaper things. Or you would just go to a different grocery store.
Raising taxes especially on small business owners will cause them to spend less, and to hire less. Therefore less money from their pockets is stimulating the economy. Therefore, less people can get jobs, because there is less money being spent so less employees are needed to stay in line with the lower demand. And guess what happens when there are less workers in an economy paying taxes? Thats right, less money goes to the government. In fact that means more people are getting money from the government because of unemployment benefits.
We cannot just tax our way out of this problem and get enough money to even out the spending. REAL spending cuts have to occur across the board, or this problem will NEVER be resolved.
