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You can't chase inefficient spending, $$ loss from legal and illegal loopholes, incompetence and ineptness with taxes.
Appropriate taxation has a place but taxing the rich will never catch up to reckless and indiscriminate spending. To further defalte the notion of taxing the rich is the failure to define what is 'rich' is. It is a wondefully vague term subject to individual interpretation and incredibly useful in the brand of politics that bought the country 'hope and change'.
Creative accounting in the 'clarified' tax code makes a mockery of fair tax collection. consider who pays the largest portion of taxes from which we all benefit. Yep, the guys you want to burden are carrying your full weight. The parasite who kills the host soon dies.
Tim the 'tax cheat' Guitner is the poster boy for the current administration's attitude toward citizens and social class. If this isn't the story of the priveleged political class vs the 'children' that need perpetual protection form themselves by 'us' I don't know what is. When Nancy Pelosi said 'we have to apss it to see what's in it' she was talking to the 'little children' sitting in the back seat of the car she and Obama are driving off a cliff.
The amount of taxation so far down the list to responsible government spending it becomes a rallying cry for a socialist agenda.
The NJ dems had the votes to pass a millionaires tax before Corzine left office but deferred it to the Chris Christie to further inflame the 'class warfare' strategy for political gain.
The Dems and obama has the numbers to pass a budget and for the first time in history failed to act.
Will it solve our problems alone? No. As part of a broader, comprehensive plan it will help lower the deficit.
What are you saying? If everything in the OP video was done, that won't solve the problems alone but it should be part of a more comprehensive plan? As the video says, "Now What?"
The video does an excellent job, without stating it, that we have a much bigger spending problem than a revenue problem. Do you have a revenue plan to keep up with the spending?
Raise the taxes back up gradually on all making over 150K+ per year.
Add 2-3% each year over the next 5-10 years or so.
Close all loopholes.
Tax all imports.
Cut defense 25%.
End no bid government contracts,
Tax all stock trades.
Pass election campaign finance reforms.
Prosecute all Wall Street criminals.
This would be a good start that will not ruin our economy.
What "loophole" did you have in mind??
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