2011-07-22, 14:07 | Link #14961 | |
Asuki-tan Kairin ↓
Join Date: Feb 2004
Location: Fürth (GER)
Age: 43
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Quote:
http://en.wikipedia.org/wiki/Capital...ment_in_Europe
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2011-07-22, 15:43 | Link #14962 | |
Senior Member
Join Date: Jan 2009
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Quote:
Still, Norway is involved in Afganistan, Libya and newspapers have printed the Danish cartoons that mocked islam. So a Muslim terrorist attack has not been ruled out. |
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2011-07-22, 15:45 | Link #14963 | |
Not Enough Sleep
Join Date: Nov 2003
Location: R'lyeh
Age: 48
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Quote:
It is Odin angry that Thor is getting a movie but he isn't
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2011-07-22, 16:27 | Link #14966 |
Stüldt Håjt!
Join Date: Nov 2009
Location: On the corner
Age: 34
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Latest from a police press conference:
Undetonated explosives found on Utøya. Police confirms 10 dead on Utøya, but they expect the number to rise as they search the island. They won't say anything about the suspect.
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2011-07-22, 18:16 | Link #14967 |
Senior Member
Join Date: Sep 2006
Location: Suburban DC
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Debt Talks Collapse
http://www.pbs.org/newshour/rundown/...ebt-talks.html
Ok, I wash my hands of the GOP now........... Seriously, the president agrees to 3 trillion dollar blow to deficit over 10 years with cuts to sainted Medicare and Medicaid and THEYRE STILL BITCHING ABOUT TAXES??!!! For all that is good and holy, I can't stand these crackpots! Just wanna leave the sick and poor to die. |
2011-07-22, 19:09 | Link #14968 | |
Senior Member
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2011-07-22, 19:18 | Link #14969 |
Knight Errant
Join Date: Dec 2007
Location: Dublin, Ireland
Age: 35
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I'm with Obama. The US doesn't have the large spending programs that European countries have. If they need more cash, they just need to raise taxes.
I'd prefer to see higher taxes then social services eviscerated. |
2011-07-22, 19:23 | Link #14970 |
Gamilas Falls
Join Date: Feb 2008
Location: Republic of California
Age: 46
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Or get more people working, thus spending...so that they can collect more taxes without having to do a thing. It is mostly income tax and in some states sales tax. If no one is working, or are working low paying jobs, they: 1) are not making much income to tax. 2) are not buying as much as they use to. 3) Because they are buying less, there is less needed to be made, less stores needing to be open, and thus less jobs to go around, providing less income to the public, and thus less we return to number 1.
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2011-07-22, 19:31 | Link #14973 |
Gamilas Falls
Join Date: Feb 2008
Location: Republic of California
Age: 46
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The Republican platform for at least two decades has be to keep taxes down. It is why they get reelected in many districts. They raise taxes, they go against their voter base, and thus will likely not be reelected. As a representative of their districts and states, they are suppose to represent their voter's interests, and very few of their voters want higher taxes. Usually because on top of the income tax several states and even cities have sales tax. Sales tax were I live went up to 10% for a short period of time before the state tax reverted to a slightly lower percentage due to governement failure to renew it. The city tacked on a 1 -1.25% sales tax on top of the state's sales tax and I think the county's sales tax. Add to this the cost of living bills that are rather high in some states, some people aren't even hanging on anymore and are just going into debt....just like the government.
Of course in California...everything is taxed...one way or another. Even if they call it a fee...it is really a tax.
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2011-07-22, 19:33 | Link #14974 | |
Senior Member
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You could take 100% from the top 5% wage earners in this country, and not make a dent in our deficit. We have a serious, serious, spending problem that needs to be addressed. One that has been festering due to Republicans and Democrats for decades. I would like to see that Balanced Budget Amendment that has been talked about, passed, and some sanity brought back into this country before it's too late. |
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2011-07-22, 19:47 | Link #14975 | ||
Asuki-tan Kairin ↓
Join Date: Feb 2004
Location: Fürth (GER)
Age: 43
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Quote:
I mean if it was that easy, don't you think they would have done that already? Quote:
On the one hand excessive spending keeps the dolar low and the US economy gains competitivnes on global markets, on the other hand it drives inflation. Now the question is, what is worse... honestly I don't know.
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Last edited by Jinto; 2011-07-22 at 20:21. |
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2011-07-22, 20:13 | Link #14977 | |
Senior Member
Join Date: Jan 2009
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Quote:
Top 5% incomes average $250,000 115 million households in US, 5% of that is 5.75 million households US deficit in 2011 roughly $1.3 trillion So 100% taxes on top 5% of incomes is 5.75 mln x $250,000= $1.44 trillion, which would give a theoretical surplus on the federal budget. Off course this is not a realistic example. High incomes would simply stop working or leave the country. |
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2011-07-22, 20:21 | Link #14978 | |
Senior Member
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Quote:
http://en.wikipedia.org/wiki/2011_Un...federal_budget |
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2011-07-22, 20:22 | Link #14979 |
Kuu-chan is hungry
Join Date: Apr 2007
Location: Raleigh, NC
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I still don't understand how you realistically cut the deficit without some form of revenue increase without some miraculous job growth (which I do not believe the Republican plans are realistic with).
I also don't understand how making millions of Americans lose services to preserve some tax cuts for the richest Americans is good policy either. |
2011-07-22, 20:24 | Link #14980 | |
Komrades of Kitamura Kou
Join Date: Jul 2004
Age: 39
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I'd say that even in theory if completely taxing the top 5% would solve the immediate deficit, the pervading belief that the government should be spending tax dollars as long as it thinks it has money to spend will still create a deficit. Mostly because a government would readjust it's spending when it's finances change.
So yeah justinstrife is right. As long as a government spends money every time it has anything in its wallet, it's always going to create a deficit. Quote:
Do they even teach any form of fiscal ethics and responsibilities in business and management courses?
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current affairs, discussion, international |
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