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That is a bit of a BS article that is distorting the numbers to make things sound worse. How you ask? The article says "fewer than half of Americans have jobs." It isn't talking about Americans in that workforce age group, it is talking about all Americans which includes children and the elderly. Unless you are saying we should be putting our children and elderly to work to improve that number.
The big giveaway with this was the point it makes about 2000 being the peak at 49%
You really should read through these articles before passing them off as facts.
A yearly deficit greater than one trillion dollar bills is not resolved by taxing your way out of it.
Especially, when the interest due is being paid with borrowed funds.
In fact, any deficit is unacceptable in a sane society - but we're insane - let's pass on that issue.
"A democracy cannot exist as a permanent form of government. It can only exist until the majority discovers it can vote itself largess out of the public treasury. After that, the majority always votes for the candidate promising the most benefits with the result the democracy collapses because of the loose fiscal policy ensuing, always to be followed by a dictatorship, then a monarchy."
- - - Elmer T. Peterson *(Misattributed to De Tocqueville)
As long as the "Takers" can outvote the "Makers", the end result is collapse.
If that were the only cause, I would agree. But the overriding problem we have is that those receiving public assistance have a birth rate 3 times that of those who don't. Why? Because government welfare programs PAY them to do nothing but breed. That means the size of the welfare class will eventually eclipse that of everyone else. I'm sure you can see how that's not financially sustainable. Who's going to pay for all their welfare benefits?
The largest issues are with Medicare, Medicaid, welfare represents a small part of the problem. There are some that are happy being on welfare but most would rather be gainfully employed, yes it needs to be addressed but there larger budget problems. When we have an economy like this, all the social programs increase as a safety net.
The increased productivity is due to many factors, including the hard work of the American middle class.
If they're working so hard and they're so productive, TAX THEM. No reason they shouldn't be paying the same tax rate as the top 1%. The middle class does in fact earn MOST of the income.
Incomes for the top income levels and what per cent of all U.S. income they earn. As you can see, increasing the tax rate on just the 1 % and above would lead to increased revenue on 53 % of the income taxed in the U.S.
Top 1% = $368,238 (20.9% of income)
Top 0.5% = $558,726 (16.8% of income)
Top 0.1% = $1,695,136 (10.3% of income)
Top 0.01% = $9,141,190 (5% of income)
The largest issues are with Medicare, Medicaid, welfare represents a small part of the problem.
Medicaid IS welfare.
Medicare is not welfare. Seniors contributed to Medicare for a minimum of 10 years or 40 quarters in order to receive benefits. In contrast, there is no contribution requirement welfare recipients must meet for Medicaid eligibility.
Percent of the population age 65 and older: 13%
Percent of the population at poverty level and below: 15%
And those receiving public assistance have a birth rate 3 times higher than that of those who don't.
just so you know....the election is over, consequences are on the way and I'm not answering lefty questions anymore...if someone needs to understand something...look it up
In other words, you have zero basis for your statement, you are just basically talking smack.
Originally Posted by ellemint
Incomes for the top income levels and what per cent of all U.S. income they earn. As you can see, increasing the tax rate on just the 1 % and above would lead to increased revenue on 53 % of the income taxed in the U.S.
Top 1% = $368,238 (20.9% of income)
Top 0.5% = $558,726 (16.8% of income)
Top 0.1% = $1,695,136 (10.3% of income)
Top 0.01% = $9,141,190 (5% of income)
If they're working so hard and they're so productive, TAX THEM. No reason they shouldn't be paying the same tax rate as the top 1%. The middle class does in fact earn MOST of the income.
This from someone that purports to be high up in that 1%.... Don't tax me, tax the "little ppl". Leona?
Off hand, anyone have any idea how much income one would have to earn to have an effective federal income tax rate of 31%?
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