Quote:
Originally Posted by pan6467
The US runs a deficit because there is NO FUCKING TAX BASE. You cannot tax the middle class more and they are losing wealth anyway. You cannot tax the rich much more, they have the means to leave the country.
You have no manufacturing, you have no textile industry, you have outsourced just about every job you can.... THERE IS NO ONE LEFT WHO CAN PAY TAXES. You have destroyed the tax base.
You tariff imports for 5-10 years, rebuild your industries, make sure they put money into R&D so that they'll be able to compete when those tariffs run out, and you start rebuilding the tax bases, you bring back jobs, jobs people work and pay taxes and within that time you will have increased tax revenue without increasing taxes and a solid tax base again.
If you continue to do what we are..... we'll just keep increasing cigarette taxes, then alcohol/sugar/ whatever the government deems is unhealthy to try to make up revenue. But when you do that you'll actually lose revenue because people will just create black markets for those goods.
The moral, time is short.... rebuild a tax base or we're a third world country and the game is over.
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You are all over the place here, so I won't get into the details. But the fact remains, any tax cuts without cuts on military, healthcare or SS is unsustainable in the long run and will be followed by tax hikes.
The fact that certain organizations like to pretend that that is not true is just a testament to their own hypocrisy and the political games they are playing, which publicly they like to decry.