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Originally Posted by Caged Great
What's wrong with the need for more money to spend. They're currently having an issue with paying down the debt. They need money to do that. You can either get that money by hurting the poor, or by "hurting" the rich. The poor don't really have much, so getting a 3 trillion dollar cut in social security/medicare/medicaid is hurting the poor. The least that the rich could do is accept a little hurt in comparison to how much the impact of those services getting cut will impact the poor.
Really, when you make 250K+ a year, the difference between say 80K and 85K in taxes is not that big a deal. If I was making that much money, 5K would not be a huge difference. If I was making 10 million a year or something like that, that impact would be even less.
Bush and Obama's bailouts stabilized the economy so it didn't go completely in the crapper. Yes, it's not great right now, but if the worst case scenario happened and the economy went into a depression, that wouldn't be good for anyone (that's what we're facing now)
I actually agree with you that the poor's lot will only improve with non governmental jobs. The problem is that a lot of larger companies export their jobs to lower wage places. Apple could make 50% profit on their products if they had their workers all in the US, but they make everything in China and rake in even more dough. There is a problem with the fact that corporations by law are bound to make the most profits possible. The fact that it's cheaper in many cases to either export jobs or have machines do it does not make things easy for the every day person.
The rich may be job creators, but recently that's only been benefiting the unemployed in India and China or any other 3rd world country providing near slave labour. I suppose next the congress will try to scrap the mandatory minimum wage so they can get those cheap jobs in the states as well.
One way they could make more jobs, albeit temporary, would be to enable a temporary tax of 3% on anyone making 250K+ and funnel all that revenue directly into repairing the infrastructure that's crumbling in the country. It would help to get some jobs going in construction, and repair something that's imminently becoming a problem.
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They aren't having a problem paying down the debt they are having a problem servicing the debt and offering all of the other services they are providing. Good luck paying down the debt when you can't even balance the budget.
How about a temporary tax on everyone. You would increase the revenue significantly if everyone were paying something.
Another way to increase revenues would be to crack down hard on businesses employing illegal aliens stealing jobs from Americans and not paying one penny in taxes and then send the illegal aliens back to their own country and let them come in through the legal channels.