Why Taxes Don't Matter Much Anymore »
Posted By populist 1 year, 2 months ago in Business & FinanceI'm really not sure I understand all this tax talk. The government taxes us to get money to do what it wants to do. But it seems like what they do — whether going to war or funding new projects — is never discussed in terms of money they have or don't have. I mean, Bush cut taxes, right? And the reduced revenue should have restrained him. But he spends on whatever he wants. The tax cuts didn't seem to reduce his power at all. Why is this?
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Lurch1 year, 2 months ago
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This is what I have been saying all along. For Republicans, there is no correlation between income and expenses. They are completely irresponsible when it comes to handling our money and mortgaging our future.
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If we had zero taxes, would that have stopped Bush from any of his record spending? I doubt it. He knows he and his family are not going to pay for it but they sure will benefit by it. Same with McCain. McCain`s spend, spend, spend and mortgage, mortgage, mortgage policies are just more of the same.
Obama will add to the debt, but at the very least we the people who pay the highest tax rates will get some benefit. McCain will add about 50% more than Obama to the debt but the middle class won`t see any benefit from that. McCain wants to out bourgeoisie Bush. -
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wildman65571 year, 2 months ago
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The government has not defeated the laws on economics. Sooner or later (and bet on sooner), the deficit spending will cause inflation to run wild. Basically, the Bush "tax cut" didn't really cut taxes. It just shifted it from the rich to the poor and middle class since these are the people hurt the most by an inflation tax.
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buckncindykill1 year, 2 months ago
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Good article. I agree the feds should have to explain expenditures in terms of real dollars. But there is one problem with the question. Since JFK proved it when he lowered taxes, lowering taxes INCREASES revenue. Now that doesn't justify spending more, it just shows that if we lowered taxes and cut spending, we'd all be in a much better place.
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riverdog1 year, 2 months ago
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Good book, The Creature from Jeykle Island, shows how and who the players were that set up the "Federal Reserve" system in 1913. We've been slaves ever since. This was not an accident or failure to foresee consequences, it was and is by design.
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Grancher1 year, 2 months ago
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This article starts out pretty good, but it doesn't really explain anything. The questions are good, it becomes useless however when the author starts trying to answer his questions by assertion, analogy and reference to common knowledge as opposed than bothering to discuss how the monetary system actually works. His explanation is overly simplistic at best. It left me with the feeling that he was just using the questions to sell his idea, rather then honestly considering them.
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