Republicans have a long history of adding to the national debt. Why should we trust they will not ad

some of us are paying hundreds of thousands a year without any additional benefits from the government. You dont seem to think it should ever stop. I do

 

Then you know nothing about basic economics.

 

Everyone who pays the federal income tax is overtaxed. Almost half the earners pay zero federal income tax. They are not part of the solution. They are consuming services without putting any skin in the game.

The top 20% provide more than 80% of the federal income tax collected. Do you want them to pay 100% of the federal income tax collected?

 

Liberals typically think taxes can never go anywhere but up. Coincidently they also believe spending can never be reduced. They even oppose smaller spending increases.

They view the American people as an endless piggy bank. They think we should be happy to pay more. If we’re not, we’re greedy.

 

We should pay our way.

 

As you wish.

 

The "federal income tax collected" is obviously insufficient. Hence our deficits. Everyone needs to pay more.

 

It’s not a wish. It’s an observation.

 

Yes, we have a spending problem.

 

We need to keep liberals out of power as much as possible. Their appetite for raising taxes and excessive spending increases is insatiable. They can’t get enough.


The people who provide 90% of the federal income tax need to pay more. The left is fine with the close to 50% who pay nothing.


If we let them, they’d take it all from us. Their ideal situation is all of our earnings should go to government and then they will pay us what they think we need.

Liberals just don’t understand how increasing taxes slows or even reverses economic growth. They think economic growth is a product of government spending programs.


If you want to stop or deter certain behaviors or activity, you tax it.

 

“Trust those who seek the truth but doubt those who say they have found it.”
― André Gide

 

Whatever. That has nothing to do with the discussion.

 

Explain why cuts in tax rates nearly always leads to revenue increases in the areas cut? I’ll tell you why.

When you make it more profitable to put your money at risk, you promote more economic activity which causes economic growth.

Cuts in tax rates doesn’t lead to less revenues. Debt is caused by overspending.

When a cut in tax rates results in a 6% increase in revenues, you can’t increase spending by 8%. Just increase spending by 2 or 3%.

 

That's a pretty strong claim without providing any evidence. I just don't think it's true. I think it's possible under certain circumstances, but a tax is just another cost to a business and the central questions remain if profit can still be made, and if other alternatives are better. The erroneous expectation you describe may be why debt increases more under republicans.

 

It’s nearly always the case.

When you increase a tax on a business, that tax is passed on to the consumer.


Liberals do not have the ability to understand the realities concerning economic issues. They criticize an economic theory which doesn’t exist and support theories which always fail.

 

I do, it's people who are not in the top 5% who don't. People in the top one percent pay over 330K in federal income taxes above what they average in government benefits
I will take your answer to be that taxpayers should pay and pay and pay

the reason why I want a flat tax or sales tax is that when everyone is pissed off at government spending due to tax increases, that will serve a check on spending. when it's the top one percent who are told we need to pay more, there is absolutely no incentive for the bottom 95% to demand less spending

 

let's start with those who right now have ZERO incentive to demand less spending by government. that's the 50% or so who pay nothing or almost nothing in federal income taxes. As a result they have no feedback as to how bloated and expensive our federal government is. With no skin in the game and not suffering anything when the government raises income taxes, why would they ever want the government to spend less when they get many times more dollars in benefits they they pay.

 

How much government services do you require?

 

Sorry to burst your bubble, but Republicans have done much worse at balancing the budget than Democrats. Here is the deficit chart. Note the budget surplus 1999-2001. That was Clinton/Gore working with a Republican congress. GW Bush inherited this budget surplus, and really blew it, culminating in the worst recession since the Great Depression. After getting us out of this horrid recession, Obama/Biden reduced the deficit in 5 or their last 6 years. The deficit skyrocketed every year Trump was in office, culminating in the mismanaged COVID pandemic, and all the Government handouts. Biden got us through COVID, and has had some reductions (2022), but needs to do better in his 2nd term.

 

That you do not see the connection goes a long way to make my point.

 

As I have repeatedly posted, I believe everyone is undertaxed. You should be reassured that includes the bottom as well as the top. How much taxation is enough? Enough to pay for the government we vote for.

 

It's not a question for me personally. By their votes our elected representatives have established how much the country wants.

 

we need to get things more equitable. those who are getting far more than they pay for are the ones who first need to pay more. the people who are paying several dollars for each dollar they receive should be the last to pay more.

 

the problem with this attitude is that the current progressive income tax system as well as the surcharges imposed on those who already carry most of the income tax burden, is designed to allow politicians to pander to the masses and buying their votes without them paying anything more in taxes. that has to change or the spending will continue to increase until the entire system collapses

 

We disagree. Those who have the most should pay more than they receive to strengthen the community from which they have benefited.