This is the single biggest issue to tackle and I think you nailed it. We need to put it plainly that if you want us to be world police, we are gonna be spending a ton on defense and will impose ourselves in other countries at any perceived wrong. Otherwise, we scale back and say to other countries call us when you have no other options.
Or, how about this novel idea...if you want our help, PAY FOR IT! Trump is right when he says that other NATO countries need to pony up their fair share of $. If we're going into other countries to help them after they cry for it, why not make them pay for it? Of course some will say that they can't afford it. There are other ways of "paying" though. It just takes some creativity.
Article 5 has only been invoked once in 60 years (9/11).
Give me this then, almost half Americans pay zero federal income tax. Just agree they should pay something?
Jeebus no way I’m wading through all those long posts. The solution is quite simple but both parties aren’t there to solve problems. That is just a fact. We’ve all seen how easily a few changes can ignite our economy. Only reason these got done is we don’t have a politician in The White House. There’s no other explanation. Anyway you only have to do one thing and that’s slow the growth of the Fed budget by tying it to GDP. Force the budget to grow slower than the economy. The real problem is base line budgeting. The Fed increases its budget x amount regardless of what our economy is doing. Slow the growth to allow the economy to outpace the Fed budget to the point where you’d actually have more taxes coming in than being spent. This way you could also pay down the debt but again if you think most politicians give a rats ass then I’ve got some swamp land to sell you.
I meant politically. Correct on money, but in terms of getting the ball rolling you have to start with military IMO.
I've said on this board before that if I got to rewrite the tax code it would be like 2 pages long and yes probably everyone with income would pay some amount as long as it wasn't a redundancy in the tax system.
Unfortunately that ball has been cemented to the floor.
Tax Capital Gains as normal income after $465,000 (I forget the exact amount, but its somewhere close to this) in total income, and you probably won't have to raise the marginal tax rates at all.
Slow the growth of the budget it grows too fast and our bloated wasteful corrupt government does NOT need more every year
No doubt tax cuts have ignited the economy but we now have evidence that it is doing so at the expense of significant deficits. They are part of the problem. This means economic stimulus will be short lived as interest rates start to rise with these growing deficits. There needs to be a balance. Consider reading the article that was linked. It gives a good summary of the impact.
Absolutely agree. This alone would not solve our tax revenue problem but it definitely would be a start. It's a no brainer. Income is income. It doesnt matter how you make it. The same marginal tax rates should apply to all income. This is is how you have billionaire hedge fund managers paying a significantly lower effective tax rates (single digits) than a middle class blue collar wage earner pays.
Let's begin by getting the House to present & approve a bipartisan balanced budget that we live by. When was the last time this happened? It has been years since such a budget was presented & approved. Instead there are stop gap budgets every few months that add pork, pork and more pork to the debt by both sides. Once this has been done, there needs to be bi partisan work done to reign in & reform those major areas presented above.
Without getting technical but using a real world scenario....
Companies don’t like older workers. They cost more for salary and health benefits. Even if they wanted to work or forced to work I don’t think the opportunity will be there to 73.
