Do you think raising taxes makes sense given the state of the economy?
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18 Answers to "Do you think raising taxes makes sense given the state of the economy?"
Posted by TheGreenGringo May 6th, 2012 at 10:15PM
Raising taxes makes NO sense given the current state of the economy. Limiting or eliminating government services makes NO sense given the current state of the economy. Raising public and community college tuition makes no sense given the current state of the economy.
Freezing public employees wages to keep the public burden manageable given the current state of the economy MAKES sense.
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Reply by MtnMig May 7th, 2012 at 12:19AM
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Reply by OrionsSword May 7th, 2012 at 2:20AM
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Posted by HeartLikeAChild May 6th, 2012 at 10:08PM
The economy is like an engine. Taxes are like the load you put on an engine. When an engine is sputtering (almost stalling) due to traveling up a steep hill ....do we raise the load on the engine (by upshifting)? .....or do we lower the load on the engine (by downshifting)??
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Reply by HeartLikeAChild May 6th, 2012 at 10:37PM
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Reply by MtnMig May 7th, 2012 at 12:22AM
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Posted by Dave002 May 7th, 2012 at 9:41AM
It does not make sense in any type of economy. The US is at a crossroad at the moment:
Option 1: Do we further expand the role of government in our lives, and with it turn over the fruits of our labor to the politicians? Can they be trusted?
Option 2: Do we decrease the role of government in our lives, and with it the amount the amount of money we turn over to the politicians who represent us? Would we be turning our backs on "those less fortunate?"
I'm for option 2. All our "trusted politicians" have shown us is that they are worse then crack ****** when it comes to thier drug of choice: spending. They use the money generTed through taxes to expand thier influence. I do not want to live in a scocialist state. I do not believe it should be goverent's role to provide for it's people. It is the peoples role to provide for themselves. It is the peoples role to help the less fortunate get back on thier feet through charitable giving.
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Posted by Southpaugh May 7th, 2012 at 1:03AM
I like the engine and load analogy, but this may not have always been the case. I think what has changed is the fundamental view of the purpose of government.
Without going into all the reasons why, I think our society is heading in the direction of a Nanny State. This is of course welcomed by politicians who love nothing more than to spend other people's money.
And spending others' money, and having unearned and unquestioned power has become the raison d’être of our local, state, and national governments.
The basic dichotomy is this, either: a) educate people thoroughly on how to spend and save their money wisely (caveat emptor), or b) dumb down the masses and use amoral behaviorism to convince them that others know better how to spend their money and how they should live their lives.
Let's see, do we let people keep their money and incentivize them to spend wisely and save, or do we tax them more and stuff most of their hard earned money into our own pockets, while all the while telling them that all of our problems can be saved with even more money?
I have begun to look at most government spending this way: a) let people who don't care what I think create ways to spend my money and live a lavish life style paid for by me; or b) decide as an informed public what we need and use our own money (or entrepreneurs) to make it happen in a free market economy.
Consumption tax, period. End the IRS, period.
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Reply by HeartLikeAChild May 7th, 2012 at 6:35AM
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Reply by Southpaugh May 7th, 2012 at 6:52AM
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Posted by maple10 May 7th, 2012 at 1:53PM
NO, You can raise taxes to the point that it results in a loss of revenue, when people begin to opt-out rather than pay the higher taxes.
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Posted by LoneAlpha May 6th, 2012 at 10:44PM
No, because once you raise taxes that means people have less income to spend. We need the Government spending less, so Citizens have more to spend. SICK OF SPENDING!!!!!!
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Reply by MtnMig May 7th, 2012 at 12:14AM
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Reply by LoneAlpha May 7th, 2012 at 12:32AM
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Posted by ProvidentialParlance May 6th, 2012 at 10:03PM
It's a very stupid idea. High taxes weaken the economy. Low taxes spur it.
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Reply by shyle38 May 6th, 2012 at 10:33PM
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Reply by ProvidentialParlance May 6th, 2012 at 10:40PM
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Posted by shyle38 May 6th, 2012 at 10:22PM
With the gini coefficient at .46 and rising fast, yes, we badly need our progressive tax system back, before everybody is either too rich to worry or too poor to survive.
The fastest growth in America's recent history was in the 50's and 60's when taxes were far higher and more progressive. As soon as we got the Bush tax cuts, we got the slowest economic growth in decades, and we still are today, despite taxes falling even lower.
There are plenty of countries with higher taxes than the US that are growing better: Germany, Israel, The Netherlands, Canada. GoodGuyGrowsUp, HeartLikeAChild, and CrystalVisionary couldn't be more wrong.
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Reply by MtnMig May 7th, 2012 at 12:15AM
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Posted by unclhpmeal May 6th, 2012 at 10:20PM
i think raising that taxes on things like diamonds and other expensive things no one buys every day might help because then it will make more money go into state made products. but while we are on the subject why don't the funds every polition has set aside for election campaigns, the several million they have saved, why don't they show that they want to help us get out of debt and instead of talking about it donate that to the anti-debt fond?
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Posted by TheOneyouwerewarnedabout May 6th, 2012 at 10:06PM
hold up. theres always the brilliant 'stimulus package' deals .. we can sink this ship faster yet before we panic
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Posted by CVizion May 6th, 2012 at 10:04PM
Raising taxes makes one think twice about those extra hours of effort... are they really worth it...
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Reply by shyle38 May 6th, 2012 at 10:31PM
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Reply by CVizion May 6th, 2012 at 11:07PM
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Posted by originalmadman May 13th, 2012 at 3:58PM
raising taxes in this country makes exponentially negative sense. The corporate government has been raising taxes for two hundred years. The rate could be 100%%%: The corporate government would continue spending much more than it steals from the hard working citizens
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Posted by LilAnnie May 7th, 2012 at 4:48PM
How else are we going to pay down the deficit? With fairy dust? And don't say by increased revenue from growth, because the private sector is satisfied with the status quo, and satisfied to see their wealth created through decreased cost...aka....less labor. And all the red and purple states are so busy laying off public workers, they are not going to see increased revenue any time soon...soooo we pay down the debt by getting the money where it is....by taxing the wealthy...Gasp!
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Posted by Lifeiscalling May 7th, 2012 at 4:42PM
Actually it all depends on how it is done. Just raising taxes just because you can & "try" to collect more money for the greedy liberals is so wrong in so many ways. The people who actually make money will end up paying less because of all the loopholes in the tax code. How do you think Google gets away from paying billions in taxes every year? Look at Reagan did when he became President(Clinton also) He did raise taxes but cut corp taxes and got rid of some of the loopholes so that people would get hired by business and pay taxes. wow, what a difference logic makes. Get more people working, they pay taxes and the gov't actually collects more overall during the 8 yrs he was in office. Now we have 49% of the people not paying any taxes and spunging off the honest taxpayers....
If People don't want to work that is their right to be lazy, but they shouldn't get any money for it..period...Bunch of lazy punks
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Posted by OrionsSword May 7th, 2012 at 2:29AM
yes, the state of the economy is the cooked up scheme of the rich to begin with, ala george (screw the rest of you) bush, and they want that to continue, while they sit back and let everyone else pay for what they use as much as the rest of us. make them pay their portion, a real portion, and they will have to get business going again to fund their stupidity, instead of stalling it as they have been doing with their selfish whines and refusal to hire americans over foreign labor.
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Reply by maple10 May 7th, 2012 at 1:56PM
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Reply by OrionsSword May 7th, 2012 at 11:21PM
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Posted by MtnMig May 7th, 2012 at 12:13AM
Yes, the proposed tax increase is a measly 3% on people whose wealth has nearly tripled in the last 30 years. In the end these super rich folks will still be paying a lower proportion of their income in taxes than vast majority of people reading this.
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Reply by OrionsSword May 7th, 2012 at 2:24AM
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Posted by DistantLonging May 6th, 2012 at 10:20PM
Not when there are so many pork-laden govt welfare programs for both people and corporations! And not to mention the BILLIONS of dollars of foreign aid we dole out to countries that hate us. Only a complete and total moron would support raising taxes with so much waste going on.
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Reply by MtnMig May 7th, 2012 at 12:17AM
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Reply by OrionsSword May 7th, 2012 at 2:26AM
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Posted by charles849 May 6th, 2012 at 10:11PM
yes , somebody has to support the new illegal immigrant's children as they learn to speak english and the elderly poor . the only problem with higher taxes is the politicians find insane whys of spending it
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