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On Tue, 12 Oct 2010 22:13:08 -0700, "nom=de=plume"
wrote: That's the problem with entitlements. Once they're out there, they become a sacred right. For a variety of reasons US manufacturing has become uncompetetive in the world market place. Increased entitlements and the resulting higher tax rates can only make the problem worse. A service based economy can only take you so far. Sooner or later you have to make something or have enough foreign exchange to purchase it elsewhere. Right now we are extending IOUs to fund our imports but sooner or later those chips will be called in. So, which ones are you willing to give up? We have a fairly low tax rate already, certainly vs. the rest of the world. You conveniently miss the point: The discussion is/was about starting new entitlements not getting rid of the existing ones. In addition to having lower tax rates than many other countries, we also have a much higher standard of living. Unfortunately that is likely to change. |
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