Taxes Reach Historic Low

mrsatisfier

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Didn't you know? In the course of the 20th century, a handful of nations experimented with the All-Public-Sector model, complete with central planning bureaucracies.

The jury is still out as to whether the experiment was a mere debacle, a "Hot Mess" or a Cluster Fuck From Hell.
Yes because black-and-white simpleton thinking is clearly the wisest path.
 

maxcok

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Didn't you know? In the course of the 20th century, a handful of nations experimented with the All-Public-Sector model, complete with central planning bureaucracies.

The jury is still out as to whether the experiment was a mere debacle, a "Hot Mess" or a Cluster Fuck From Hell.
That herring smells and looks pretty 'red' to me. No one said it's a choice between all public vs. all private. :rolleyes:

Oh wait, the Republiteabaggers are pushing for an all private financing structure, aren't they?
Have you seen their plans for Social Security and Medicare in Paul Ryan's budget proposal?
 
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deleted213967

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That herring smells and looks pretty 'red' to me. No one said it's a choice between all public vs. all private. :rolleyes:

Oh wait, the Republiteabaggers are pushing for an all private financing structure, aren't they?
Have you seen their plans for Social Security and Medicare in Paul Ryan's budget proposal?

Well, we have!

Say, isn't Paul Ryan's plan largely inspired by the recommendations of President Obama's own Deficit Commission?

Say, isn't his Medicare rescue proposal largely modeled after President Obama's own Health Care initiative: Private Exchanges overseen by the government (and only for future retirees), CPI-indexed benefits (not health-care-cost-indexed), premium support (now taxable)?

Some, on the left as well as on the right, are probably justified in pointing out that Ryan's plan takes a while to bring the absurdly unsustainable national debt down to Earth. But who said that the current House-passed plan has to be the final word?


 
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deleted15807

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I am bored already d'uh d'uh d'uh............ good song that.

I was bored as soon as I heard the first note
(better....lalalala...by...boom...boom...boom....the....lalalala....private...lalaalala sector....lalalala).
Many took a chance but to the music we can't dance.
 
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deleted213967

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Say, isn't Paul Ryan's plan largely inspired by the recommendations of President Obama's own Deficit Commission? . . . .
..:chairfall::lmao::rofl:


Oopssie!

I forgot that your unsavory lot finds Obama "conservative" and The Nation "mainstream".
 

SilverTrain

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Well, we have!

Say, isn't Paul Ryan's plan largely inspired by the recommendations of President Obama's own Deficit Commission?

Say, isn't his Medicare rescue proposal largely modeled after President Obama's own Health Care initiative: Private Exchanges overseen by the government (and only for future retirees), CPI-indexed benefits (not health-care-cost-indexed), premium support (now taxable)?

Some, on the left as well as on the right, are probably justified in pointing out that Ryan's plan takes a while to bring the absurdly unsustainable national debt down to Earth. But who said that the current House-passed plan has to be the final word?



This kind of posting can only result from indiscriminate attention to the very worst of the media talking heads. It smells of a particularly unfortunate combination of idiot blog and bullshit fake "news".

Very sorry for you. Suggest a change of diet.
 

Drifterwood

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The US government spends 44% more than it receives in tax. By comparison, the UK spends 25% more, France 18% more and Germany only 8% more. However the US tax take is 44% less than the UK and Government spending 20% less.

As far as I can see, this gap is covered by Federal debt which is forecast to be 100% of GDP this year in the US. Basically Governments like spending money and people don't like paying taxes. At the same time, it is fairly clear that the higher the taxes, the less the tax revenue.

The world's most dynamic economies seem to have a tax take below 33% and Government spending below a similar level. The US has the Tax take position but not that of Government spending.

I would say that if you want to keep spending that amount of money, you will have to pay more tax somehow, or grow the economy but not the spending, or spend less, or a combination that keeps you in power for another term.
 
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deleted213967

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This kind of posting can only result from indiscriminate attention to the very worst of the media talking heads. It smells of a particularly unfortunate combination of idiot blog and bullshit fake "news".

Very sorry for you. Suggest a change of diet.

:redface:

Well, I should be flattered, being personally insulted by what is surely la fine fleur des salons parisiens.

P.S.: Perhaps anticipating your dietary recommendation, I added man-made fiber to my daily regimen...and now my shit doesn't stink!

Merci.
 
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deleted213967

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The US government spends 44% more than it receives in tax. By comparison, the UK spends 25% more, France 18% more and Germany only 8% more. However the US tax take is 44% less than the UK and Government spending 20% less.

As far as I can see, this gap is covered by Federal debt which is forecast to be 100% of GDP this year in the US. Basically Governments like spending money and people don't like paying taxes. At the same time, it is fairly clear that the higher the taxes, the less the tax revenue.

Another risk factor lies in the composition of the publicly held debt. The average US debt maturity is now 59 months. The US government has been increasingly resorting to short-term financing, which is cheaper right now but could cost dearly in the near future, should rates rise.

Worse yet, the absurdly bloated $14.5-trillion US debt does not take into consideration the intra-governmental debt. Unfunded obligations for the so-called entitlement programs make 15 trillion bucks look like pocket change.

 

maxcok

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Oopssie!

I forgot that your unsavory lot finds Obama "conservative" and The Nation "mainstream".
Tell you what, why don't you get back to us when you can debate people as individuals with distinct points of view, rather than lumping everyone who disagrees with you together as members of an "unsavory lot",

AND

when your argument consists of something more mature and substantive than silly insults, generalizations, media-fed propaganda, and absurd party line talking points.
 
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deleted213967

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Tell you what, why don't you get back to us when you can debate people as individuals with distinct points of view, rather than lumping everyone who disagrees with you together as members of an "unsavory lot",

AND

when your argument consists of something more mature and substantive than insults, generalizations, media-fed propaganda, and absurd party line talking points.

Riiiight!

According to the ultra-simplistic worldview characteristic of your kind,
facts and figures are irrelevant.

There is left and then there is extreme left...where you so pompously and self-righteously belong...

Funny how the extremes connect...What difference is there, really, between your kind and the creationist crowd?

Same self-righteous indignation in the face of factual evidence, dogmatic to a fault, rigid "thinking" and accompanying langue de bois.

Why on earth do extremists like you never seem to gain enough traction to attract a majority of the US electorate, I wonder...:rolleyes:


 

B_RedDude

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I didn't know that a right-winger could have such a beautiful body :biggrin1:

Riiiight!

According to the ultra-simplistic worldview characteristic of your kind, facts and figures are irrelevant.

There is left and then there is extreme left...where you so pompously and self-righteously belong...

Funny how the extremes connect...What difference is there, really, between your kind and the creationist crowd?

Same self-righteous indignation in the face of factual evidence, dogmatic to a fault, rigid "thinking" and accompanying langue de bois.

Why on earth do extremists like you never seem to gain enough traction to attract a majority of the US electorate, I wonder...:rolleyes:
 

Drifterwood

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I am a registered Democrat.

On that online politics test, I made Gandhi look like a Nazi.

What concerns me is the ever growing position of the State. Most of Europe is pushing 50% of GDP in Government spending and taxation. I find this very worrying, not just politically, but econmically as well. Frankly, I don't think that you can claim to have a free market economy over 50% of tax and spend. It does not lead to posperity and it does not lead to individual freedom, which is I presume what we want.

I spend part of my life in a place with 50/50 tax and spend and part where it is 15/18. Guess which place has the better public services?

I don't see politicians discussing this in these terms, it is presented as either tax and spend less or spend the same and tax more. I conclude that the majority of politicians are fundamentally corrupt in this respect. We should be aiming for about 33/36 in Europe if we want to maintain prosperity on a global level. Our politicians are bonding us to debt, it needs to stop, we lose our freedoms and the poor will undoubtedly get poorer. Bizarrely to some, I would go Federal in Europe to achieve this.

As for the US, as I said from the start, that's your call. I'd have a look at the military budget though, sorry defense budget. Always start with the big numbers.

I am fairly sure my old friend T.J would have said something similar.
 

LetsGo2007

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Yet according to Speaker Boner (yeah I know, it's a pun) "It's a spending problem, not a revenue problem." Which is complete BS. And idiot boy wants to cut taxes for the extra wealthy even more. The government simply needs more money coming in, period!
 

phillyhangin

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Yet according to Speaker Boner (yeah I know, it's a pun) "It's a spending problem, not a revenue problem." Which is complete BS. And idiot boy wants to cut taxes for the extra wealthy even more. The government simply needs more money coming in, period!
Technically right now it's a spending and a revenue problem: We're spending money on things that are not core government services and public goods, and we're also not taking in enough revenue to cover the legitimate expenses that we do have - including paying down the national debt. If we eliminate the non-essential expenses and refocus the budget on core services and public goods, that would eliminate most if not all of the deficit; closing tax loopholes for businesses and high-income individuals would also help. Instead of simply lowering taxes at that point, we should then use the surplus to pay off the debt - the debt that was created by the deficits in the first place. Only once the debt is gone can we even consider talking about lower taxes.