Thread: Do Tax cuts for the wealthy create jobs?

Well, of course you've have to raise the tax on goods. The idea of the national sales tax isn't so much savings as distributing the tax burden in way that's fair -- hence the name.

Something needs to be done. Even if we had some sort of flat tax. Then we wouldn't even be having this conversation. But politicians and government bureaucrats aren't interested in tax reform. Then they couldn't use taxes as a political football and means of wielding power and manipulating voters -- as we're seeing now.

Originally Posted by JosephB

Well, of course you've have to raise the tax on goods. The idea of the national sales tax isn't so much savings as distributing the tax burden in way that's fair -- hence the name.

Something needs to be done. Even if we had some sort of flat tax. Then we wouldn't even be having this conversation. But politicians and government bureaucrats aren't interested in tax reform.

I kind of agree. If 10% of the population controls 90% of the wealth (not sure if that figure is accurate), then that same 10% should pay 90% of the taxes. I think a flat tax would accomplish that, but I think the bottom 10% should pay nothing as they need every penny just to survive. And a flat tax would not accomplish that, and a higher sales tax would not accomplish that either.

Then they couldn't use taxes as a political football and means of wielding power and manipulating voters -- as we're seeing now.

Yea, I couldn't imagine a national political debate without the income tax issue, but it would be refreshing.

i dont know if anyone has posted this yet, but, during the clinton administration, the U.S. gained a surplus that was expected to grow to billions by 2008. Bush made the tax cuts, and the debt counter was put back up, and we soon went straight down into trillions in debt. I don't think it receive early recognition because of the Wars the US was in. The situation further compounded itself when the housing market fell apart.