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![]() wrote in message ... On Wed, 13 Oct 2010 09:06:10 -0400, Wayne.B wrote: 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. That is the thing people want to ignore. Sure they have "free" health care in Canada but their tax rate is about 20% higher than ours. "Free" starts looking pretty expensive when you run your 1040 against a Canadian tax return. They are online and simpler than ours so it is not hard to try for yourself. When I ran mine on the Ontario web site I would have been paying $14,000 more in 2009 (I didn't try 2010 but that would have been worse since 2010 was the lowest tax rate I have paid since 1965 ... when I was in the service.) But.. the point might be that you would and should be paying a lot more to get your country back on a sound financial system. When was the last time your government balanced it's budget...... took in as much as it spent?? Our government was running surpluses until y'all threw the world into financial chaos. |
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