About That Fiscal Cliff

[Denny Crane]

We borrow $.42 out of every $1 we spend. Seems to me the math says we need to DOUBLE the taxes on everyone and everything the govt. taxes now. That's everyone's income tax, park fees, gas tax, and so on. Not quite double, but close enough.

 

[BrianFromWA]

How do you double zero for the 45-50% that don't pay federal income tax?

And at what point do you realize that federalized welfare programs aren't doing a whole lot to make things better, and start having the states look after things themselves?

 

[maxiep]

How do you double zero for the 45-50% that don't pay federal income tax?

And at what point do you realize that federalized welfare programs aren't doing a whole lot to make things better, and start having the states look after things themselves?

And to me, this is the issue. Too many people vote, but have no skin in the game. In my opinion, EVERYONE should have to pay income tax, even if it's a dollar. And if they vote an increase, EVERYONE's taxes go up, even a penny.

Mostly, however, I don't want to hear a peep about raising taxes until we've wrung every bit of efficiency out of our governments as possible. People in government seem to think increasing funding for a problem helps to solve it. It doesn't.

 

[Denny Crane]

The alternative to raising taxes is to magically double GDP in a hurry. That's not going to happen because the govt. is infested with bureaucrats unfriendly to business.