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Author Topic:   United States Debt Default
Coyote
Member (Idle past 2124 days)
Posts: 6117
Joined: 01-12-2008


Message 155 of 211 (626239)
07-27-2011 11:42 PM
Reply to: Message 154 by Phat
07-27-2011 11:24 PM


Re: Dark Times Ahead
There aren't enough "wealthy" to make much of a difference.
The problem is on the other end of the scale.
With about 50% of the population living off the government (i.e., they and the government are living off the 50% who have incomes), what we really need is a way to make some of those folks pay some taxes. That would give them more of an interest in keeping government expenses and tax rates down.
The problem we have is that we are subsidizing unproductive citizens. If you pay people not to work, what do you think the result will be?
There are a number of folks who we genuinely need to help or support, but that number is far smaller than those currently being supported.

Religious belief does not constitute scientific evidence, nor does it convey scientific knowledge.

This message is a reply to:
 Message 154 by Phat, posted 07-27-2011 11:24 PM Phat has not replied

Replies to this message:
 Message 156 by hooah212002, posted 07-27-2011 11:56 PM Coyote has replied
 Message 159 by crashfrog, posted 07-28-2011 12:44 AM Coyote has not replied
 Message 160 by Jon, posted 07-28-2011 12:49 AM Coyote has not replied

  
Coyote
Member (Idle past 2124 days)
Posts: 6117
Joined: 01-12-2008


Message 162 of 211 (626257)
07-28-2011 1:05 AM
Reply to: Message 156 by hooah212002
07-27-2011 11:56 PM


Re: Dark Times Ahead
Got some sauce for those whack ass numbers?
Figured you didn't.... Just like you NEVER have any solid validation when it comes to anything politics related.
"Nearly half of US households escape fed income tax
Recession, new tax credits have nearly half of US households paying no federal income tax"
http://finance.yahoo.com/...S-households-apf-1105567323.html

This message is a reply to:
 Message 156 by hooah212002, posted 07-27-2011 11:56 PM hooah212002 has replied

Replies to this message:
 Message 163 by hooah212002, posted 07-28-2011 1:08 AM Coyote has not replied
 Message 164 by Jon, posted 07-28-2011 1:17 AM Coyote has not replied

  
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