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Will you please stop parroting FauxNews talking points? Do some reading on your own.
I didn't realize the Washington Post, Forbes, Zerohedge, the AP, Investor's Business Daily, the CBO and news from EU papers used talking points from Fox news. I'll remember that next time.
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Originally Posted by Opin_Yunated
It is not meant to be insulting.. you just have no idea what you are talking about. I recommend you read up on monetary sovereignty and our modern banking system.
How much a country "spends" relative to GDP is irrelevant. Japan is at 250% of GDP, for example.
And it is working out real well for them in Japan:
Talking points from corporate media and politicians bought by special interest groups... it's such a sad state of affairs.
The only ones who have a true clue with regard to the big financial picture are a handful that fall into a pseudo moderate Libertarian bucket that amounts to what many would call mutants. End the useless war on drugs, recall our troops, huge cuts to defense, go back to a gold standard, etc. All blasphemy. Completely unelectable stances - can't even win a primary. No special interests would stand for any of that. Meanwhile self proclaimed ultra conservative Christians apparently believe we better leave everything as is (no Medicaid expansion, no Obamacare, rural hospitals closing, escalating healthcare costs). All because they are somehow led to believe there are "bills" that the US pays... or we "owe" countries like China "money"... it's laughable. It's one big giant global monetary circle jerp that comes down to trade wars. China isn't going to "collect" from us to send themselves back into the dark ages. People are so easily distracted by minutia.
Energy has become more important than protecting our water and food supplies... personal prosperity has become more important than a healthy and educated society... making money is more important than making things. It makes me wonder if people will wake up too late.
If true sounds like a good use of a lawsuit. If anything maybe it will wake them up.
Belhaven a small hospital that serves Beaufort and Hyde county is the center of a lawsuit. Without that hospital residents of Hyde county especially would have a long commute for care.
Continuously spending more than you take in while increasing the amount you spend in entitlements year after year is unsustainable. The only way to satisfy all NC budgetary needs is massive tax increases on everyone (because once they tax the rich they'll want even more) and I'd rather not have a 54% income tax rate.
Medicare/Medicaid becomes insolvent as early as 2026 according to the trustees that administer the program. Would you take money from a program that won't be around able to pay it in 12 years?
Continuously spending more than you take in while increasing the amount you spend in entitlements year after year is unsustainable. The only way to satisfy all NC budgetary needs is massive tax increases on everyone (because once they tax the rich they'll want even more) and I'd rather not have a 54% income tax rate.
Medicare/Medicaid becomes insolvent as early as 2026 according to the trustees that administer the program. Would you take money from a program that won't be around able to pay it in 12 years?
I don't think you would have to increase taxes on everyone, certainly not the middle class who make nowhere near what the top earners in this country make. Mitt Romney paid 14% - and he cuts more jobs than he creates (which is of course what his business paid him to do - Bain).
There are also things that can be done to Medicare/Medicaid/Social Security spending that can reduce the amount given to the wealthier individuals while maintaining levels on those who truly need it. Is it "fair" to those at the top - probably not. But they also proportionately more than the majority in this society and should pay more proportionately.
I don't think you would have to increase taxes on everyone, certainly not the middle class who make nowhere near what the top earners in this country make. Mitt Romney paid 14% - and he cuts more jobs than he creates (which is of course what his business paid him to do - Bain).
There are also things that can be done to Medicare/Medicaid/Social Security spending that can reduce the amount given to the wealthier individuals while maintaining levels on those who truly need it. Is it "fair" to those at the top - probably not. But they also proportionately more than the majority in this society and should pay more proportionately.
Personally I'm a democrat and feel that using the wealthy as a piggy bank is also equally as bad as the alternative, but whomever came up with the capital gains tax rate of 15% vs. regular earned income certainly had the wealthy in their back pocket. That was one of the biggest tax coups to have taken place here in the US IMO.
Personally I'm a democrat and feel that using the wealthy as a piggy bank is also equally as bad as the alternative, but whomever came up with the capital gains tax rate of 15% vs. regular earned income certainly had the wealthy in their back pocket. That was one of the biggest tax coups to have taken place here in the US IMO.
Income is income.
Agreed. I'm not a democrat (registered Independent), but I tend to vote democrat because the republican party has gotten so far out in right field that I don't recognize it anymore, particularly here in NC.
Income IS income. How is earning capital gains any different than owning a franchise where you don't work, but others run it for you, and you earn a salary as CEO of your holdings group?
That salary earned will get taxed even if you never really do much direct work to earn it. How's that different from earning off capital gains? It isn't.
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Agreed. I'm not a democrat (registered Independent), but I tend to vote democrat because the republican party has gotten so far out in right field that I don't recognize it anymore, particularly here in NC.
Income IS income. How is earning capital gains any different than owning a franchise where you don't work, but others run it for you, and you earn a salary as CEO of your holdings group?
That salary earned will get taxed even if you never really do much direct work to earn it. How's that different from earning off capital gains? It isn't.
I third... registered Independent, don't associate with either party for various reasons. Gerrymandering is pandemic and I'm tired of hearing about history - it needs to be revamped so neither party can use it to skew our representation. Both parties use it and cater to special interests instead of their constituents. Disingenuous to argue otherwise and 2 wrongs don't make it right.
The GOP has a knack for getting people to vote against their own interests locally through pawn brokers like the Koch brothers - it doesn't really fly state wide and it certainly doesn't fly for national elections. Yet, since it works locally they'll continue to distract with nonsensical things like religion or misguided ideals of patriotism - it's frankly amazing to me what people will post on social media and the sheer vitriol they feel for certain elected officials. They seem to especially despise when the smart forward thinking people are in charge - it makes me wonder.
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