| richardhutnik said: Obviously also, businesses can't address running deficits either, by raising their prices. And nope, you can't close deficits by having more money. It is a maxim that people get rich by spending less money. Ignore David Stockman saying tax rates are too low: http://billmoyers.com/content/david-stockman-on-the-folly-of-anti-tax-crusades/ “Taxes are the price we pay for civilization,” Stockman says, borrowing a quotation from Supreme Court Justice Oliver Wendell Holmes. “What they’re saying today is foolish, it’s irresponsible. How can anyone believe with the kind of deficit that we have — a trillion dollars, year after year after year — that we can keep taxes as low as they are?” |
So the fact that it is literally impossible to close the deficit (never mind all our unfunded liabilities) by raising taxes doesn't mean anything to you?
