| mike_intellivision said: My opinion is that we have to cut expenses and raise revneues. If you are short of money as an individual, you look for more work and look to cut your spending. The country needs to do the same thing. To discount one of these is folly. And to be honest, each party basically makes this folly from different ends. If you look at Stein's comment, he is saying that you can't solve the fiscal issues without doing both -- and it should be started where it would have the least drag on the economy (on those with the highest disposable income) and phased in across the board. He is not saying "tax the rich" exclusively. As for the educational credit example, the tax code is a mess and needs to be overhauled -- both for indivudals and corporations. It is littered with inefficiencies and inequities. I do not disagree with that. Finally, remember if social chaos breaks out, the rich have the most to lose. That is why many governmental services -- from police to inspections to securities guarantees -- have a greater value to them than the poor.
|
If you raise taxes growth stalls unless there are some rather unusual circumstances like the dot-com boom. You can raise revenue by growing the economy. It doesn't have to come from tax hikes.
