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How does your convoluted, delusional interpretation match what I've always said: Tax like Scandinavian /European countries. Put the middle class in the same income tax bracket as the top 1%, and implement a 20%-25% national VAT tax.
that would shatter the US economy. we have no social safety nets. In the EU high VAT is fine because the bottom half has no worries about losing everything when they lose a job or get sick.
But in the USA the lower your income the higher your risks of total loss. What you want is high taxes on the poor (through vat) and no services for them. absolutely insane and would destroy our internal markets because most of the public would have no disposable income... it is bad enough as it is now, but your plan would cripple sales of non essentials overnight.
1. Perhaps is it the same reason that Obama supported more Trickle Down Economics than Reagan that benefitted the rich? And Obama initially proposed cutting social security - which benefits all workers - and making up the gap with extra fees on Fannie loans - ie the poor and middle class paying for the rich's tax cut.
Well when there's a lack of capital, due to the worst financial crisis since the Great Depression, QE is a means to inject capital in the economy.
Your argument lacks all context on the matter. Too many people seem to intentionally undervalue the severity of 2007- 2008 due to partisanship or just plain ignorance (like your sources that you intentionally picked for being liberal to help prop up your argument). Too bad I'm smarter than that and easily saw through it.
You're a European socialist now??!?!! This is a breakthrough!!!!
lol, nah its a deceptive talking point. Its a nifty way to talk about how the poor need to pay more taxes, while ignoring that in those countries the poor get a LOT more in exchange for it.
IE make the poor pay more in taxes, but don't add in universal healthcare, massive unemployment benefits, educational support, 4 weeks paid time off year, child care support, etc etc etc.
lol, nah its a deceptive talking point. Its a nifty way to talk about how the poor need to pay more taxes, while ignoring that in those countries the poor get a LOT more in exchange for it.
IE make the poor pay more in taxes, but don't add in universal healthcare, massive unemployment benefits, educational support, 4 weeks paid time off year, child care support, etc etc etc.
that would shatter the US economy. we have no social safety nets. In the EU high VAT is fine because the bottom half has no worries about losing everything when they lose a job or get sick.
But in the USA the lower your income the higher your risks of total loss. What you want is high taxes on the poor (through vat) and no services for them. absolutely insane and would destroy our internal markets because most of the public would have no disposable income... it is bad enough as it is now, but your plan would cripple sales of non essentials overnight.
I never said no services for them. What the left wants is Euro-style social programs but absolutely refuses to agree to implement a Euro-style regressive tax system.
We can have one or the other, a progressive tax system OR robust social programs. We can't have both. This is very well-known among economists, and why Scandinavian/European countries have regressive tax systems. Can't fund the programs without a MUCH broader tax base paying mostly regressive taxes.
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