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"Califbill" wrote in message m... "bpuharic" wrote in message ... americans think, wrongly, that the upper 20% of americans have 60% of the coutnry's weath. the REAL figure is 85%. http://www.good.is/post/americans-ar...ign=o utbrain so what are they going to do? send to congress the GOP who thinks this 20% should be given a massive tax cut. makes sense, huh? How about government cutting spending? You take $100 billion from the richest, or you take $100 billion with a VAT tax from all. You still take $100 billion out of the economy. There is $100 billion less to invest, there is $100 billion less to spend by the money earners. Yes, the tax rate for all is too low. 46% of the people do not pay any federal INCOME tax. They are receiving services but not paying anything. In early 1950's the total family tax burden for all taxes was about 22%. Now the average for all, even including those 46% who pay no Federal INCOME taxes is closer to 44%. Something is clearly wrong in Washington DC and in the state capitals. Due to government caused inflation, the poverty level is about $24,000. 30 years ago, that was an experienced, degreed engineers salary. We have priced ourselves out of the world manufacturing market. Sure we export stuff. But those things are mostly food and airplanes and medicine. No car exports, few machine tool exports. Some software, but little manufactured stuff. The only way we are going to recover is cut entitlements and frivolous spending. Cut the NEA, cut the bureaucracy that is taking 30% of the education dollar at the Federal level before they send it back to the states, plus with lots if strings attached. Cut the budgets of all the departments at least 25%. You can find at least that much bloat with hardly looking. Bob, take 90% of the money all those whose family's are making $200k. I do not make that anymore, but I bet you cry unfair when an Engineer with an attorney wife get taxed 90%. sorry, you asked for the rich to be taxed. How about a real gov't spending cut instead of your BS about the NEA. Cut the US military by 1/3. Do it over 10 years. We don't need any more subs, bomber, and troops in Germany, Japan, and a bunch of other places. I think Europe is secure from the Russians at this point. (Proposed by Rand Paul and Barney Frank - two commies in your world view I'd guess) http://www.warresisters.org/pages/piechart.htm Then, we can end the subsidies the oil companies. http://www.reuters.com/article/idUSTRE6103RM20100201 (Oh wait... Obama actually proposed it - let's see the Republicans block it) And, certainly we could raise taxes on the top 2% in the US by a couple of percent. Horrors! The rich will still get richer, but a tiny bit slower. |
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