pan6467

And what if his plan is to cut loopholes? Which is one of the things he has said he would do.

I don't see a problem. Both Bill Gates and Warren Buffett say they should pay higher taxes than they do. But like 99% of the population they are going to use any loophole they can. Doesn't mean they are hypocrits it means the system needs a serious overhaul and needs to find a way to get rid of the loopholes.

The reason we were successful and had industry and the highest standard of living with very little debt in the late 40's- early 70's was because there weren't loopholes and most people felt they paid their fair shareand tax rates reached the 80 and higher % iles.

Then in the '70's we were hit with the first oil crisis an unpopular very, very expensive war, a national debt that was rising, that caused interest rates to climb and inflation to soar.

We are headed back to those 70's again, only this time we don't have any industry to help us pull out and people as a whole have become greedier and more "what's in it for me" attitude than "what can we do to help the nation become #1 again."

We either fix the problem and figure out taxes and how to keep industry or we're going to end up back in the depression days.

Here's a link to a graph showing the tax rates since the income tax's inception notice when they dropped taxes drastically and compare them to where the country was economically. Then compare when they were higher and where we were, economically and as a world leader.

LINK: http://www.heritage.org/Research/Tax...s/bg1086c2.gif

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I just love people who use the excuse "I use/do this because I LOVE the feeling/joy/happiness it brings me" and expect you to be ok with that as you watch them destroy their life blindly following. My response is, "I like to put forks in an eletrical socket, just LOVE that feeling, can't ever get enough of it, so will you let me put this copper fork in that electric socket?"