2012-10-20, 12:24 | Link #1622 | |
Schwing!
Join Date: Dec 2005
Location: Central Texas
Age: 39
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-ending the Bush Tax Cuts -stop with these billion dollar breaks some of these companies are getting (looking at your fat ass Big Oil) -stop over inflating the military budget -get the fuck out of the middle east so we can focus on problems here at home and if we do have to ship out, it should only be because our help is requested -invest in research technologies at home and stop sending shit to China or where ever |
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2012-10-20, 13:09 | Link #1623 | |
Nyaaan~~
Join Date: Feb 2006
Age: 40
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Ultimately, over the past several decades, the U.S. population as a whole, not just the government, has wildly overspent. So what does that mean -- well.. it's supposed to mean a long period of deleveraging and resultant slow economic growth and massive structural changes.. So, a generation of people with outdated skills. Prolonged unemployment exceeding 10%. Need I go on? BUT .. will the average U.S. citizen be okay with that? Will China be okay with one of it's largest consumers not spending? There's always unintended consequences. There are very smart people all scratching their heads trying to figure this out .. to expect a politician to have any good ideas (let alone something simple enough to explain to the electorate) is, from my viewpoint, silly. |
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2012-10-20, 13:30 | Link #1624 |
Senior Member
Join Date: Sep 2008
Age: 38
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I'd rather have ideas that do something slightly positive, even if it doesn't completely fix it, than to do nothing (or continue to go as we are) and only make things worse. This isn't an all or nothing situation. You can slowly wear down the deficit, after all.
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2012-10-20, 16:24 | Link #1626 | |
Not Enough Sleep
Join Date: Nov 2003
Location: R'lyeh
Age: 48
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Scrap individual Income tax but keep Corporate income tax Keep and increase capital gains tax Put in a National Sale tax (exempt food and medicine). Luxury items should be tax anywhere form 20 to 40%. While ordinary items should approximately 10%
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2012-10-20, 16:32 | Link #1627 |
Nyaaan~~
Join Date: Feb 2006
Age: 40
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@Frenchie: That's only true if he "consumes" the same amount as you do :P
@Xellos: I'd do it the other way around: -I'd raise the marginal tax rates and keep corporate tax rates low -I'd go with the Canadian system of HST (harmonized sales tax, only end-users pay it and raw materials purchases don't) -Exempt food and other basic services from taxation |
2012-10-20, 17:23 | Link #1628 | |
Μ ε r c ü r υ
Join Date: Jun 2004
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It will reach a balance regardless. Economy will always find its way to make sure that the spending continues. |
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2012-10-20, 20:05 | Link #1629 | |
Shougi Génération
Graphic Designer
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Low corporate tax rates are completely useless; companies funnel their funds through trusts, can buy off underwater 'shell' companies to artificially reduce their profits before tax. The idea that lowering corporate tax rates is going to do anything is based in a fantasy world where companies actually pay taxes when those 'tax reduction' strategies are widely available. (Depending on who you talk to, they'll be strategies or loopholes.) The only ones that might be affected are some SME's. Anyone with a half-decent accountant won't be.
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2012-10-20, 21:51 | Link #1631 |
Nyaaan~~
Join Date: Feb 2006
Age: 40
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@Frenchie -- Well, that's both true and not true, I work in corporate finance and work with tax lawyers and accountants quite often.
@Dr. Casey -- That's actually one thing I haven't gotten to you .. which is basically that all these people that have borrowed or mortgaged the future of the young? We all collectively say "screw you" to both them and the people that have currently managed to save .. and start fresh. Inflate our way out of the problem.. which destroys everyone's savings, btw. Parents, Aunts, Uncles, Grandparents, Great Grandparents - we destroy ALL their savings. That's one way out |
2012-10-21, 09:16 | Link #1634 |
Senior Member
Join Date: Nov 2007
Location: Tennessee
Age: 36
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I'm kidding of course, Fire. My real plan would be to get Megaman to provide the United States with all its energy needs, since after 25 years he has hundreds of different robot powers, providing us with limitless clean, free energy and turning us into the most powerful economy in the world thanks to all the new technologies this will help foster.
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2012-10-21, 10:51 | Link #1636 | |
The Voice of Reason
Join Date: Feb 2010
Location: The Netherlands
Age: 47
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2012-10-21, 23:44 | Link #1640 |
Banned
Join Date: Nov 2010
Location: Dai Korai Teikoku
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He did manage to turn a public fiasco and budgetary disaster into a pretty good event. Of course, things were most likely exaggerated, but still you have to admit that considering the bribery scandals, he did pretty well.
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