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Thread: Volcker: Taxes likely to rise eventually to tame deficit

  1. #11
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    Re: Volcker: Taxes likely to rise eventually to tame deficit

    Quote Originally Posted by PeteEU View Post
    LOL you have some, if not the lowest tax rate in west and yet you still complain.

    Control spending or/and raise income.. there is no other way.
    Are you kidding? No other way? Americans are smarter than those across the pond, I guess. We have been borrowing from the future for a long time now.
    Spend now, let the grandkids figure out a way to fix the problems....

    In case I was too subtle, that was sarcasm aimed at the borrow and spend crowd (aka conservatives)....
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    Re: Volcker: Taxes likely to rise eventually to tame deficit

    Quote Originally Posted by washunut View Post
    Something interesting to think about is that the choice could be made by others versus folks in the U.S.

    Over time nations will move away from dollars like they did to the British pound. This can't/ won't happen overnight but will happen gradually. We could then wind up in the place we were in when Volker first became head of the Federal reserve. High Inflation, High Interest rates and slow economic growth. Called " Stagflation".
    What factors do you believe will push the price level and output in opposite directions?
    It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

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    Re: Volcker: Taxes likely to rise eventually to tame deficit

    Gee, cutting spending and lowering taxes is just too difficult to contemplate...
    Climate, changes. It takes a particularly uneducated population to buy into the idea that it's their fault climate is changing and further political solutions can fix it.



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    Re: Volcker: Taxes likely to rise eventually to tame deficit

    Quote Originally Posted by UtahBill View Post
    In case I was too subtle, that was sarcasm aimed at the borrow and spend crowd (aka conservatives)....
    LOL, wrong party. True conservatives believe quite the opposite.

    It's the entitlement programs that need to go. Cut spending, cut taxes, cut welfare, cut foreign aid, and let capitalism work its magic.

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    Re: Volcker: Taxes likely to rise eventually to tame deficit

    Quote Originally Posted by MrVicchio View Post
    Gee, cutting spending and lowering taxes is just too difficult to contemplate...
    Not difficult to contemplate, just not something within the tune of reality. Future liabilities have to be paid for somehow.
    It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

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    Re: Volcker: Taxes likely to rise eventually to tame deficit

    Quote Originally Posted by MrVicchio View Post
    Gee, cutting spending and lowering taxes is just too difficult to contemplate...
    How would cutting taxes help? Please, please don't repeat the myth that cutting taxes always increases revenue. Please?

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    Re: Volcker: Taxes likely to rise eventually to tame deficit

    Quote Originally Posted by Erod View Post
    LOL, wrong party. True conservatives believe quite the opposite.

    It's the entitlement programs that need to go. Cut spending, cut taxes, cut welfare, cut foreign aid, and let capitalism work its magic.
    True conservatives do not exist any more. They have not existed since WW2 if you ask me.

    For one, so called "true conservatives" would never cut military and security spending and they would in fact even increase it.

    Secondly, any cuts in so called welfare will be done to target the political opposition, hence hence corporate welfare will never end, but hurting the most vulnerable and usually those that vote against the conservatives will be just fine.

    Thirdly, as soon as a so called true conservative gets to power, any cuts that will be made.. will go into the military and the net gain will be 0.

    And at the same time the so called true conservatives will cut taxes on mostly the rich who avoid paying their full contribution any ways. Net gain will be an even more fragmented and higher income equality in society, which leads to so many other problems. And finally... much more debt.

    Face it, so called true conservatives are hot air not willing to do what is needed to fix what is wrong when they finally are in power. Every so called true conservative president since WW2 has expanded the debt by a minimum of 100% in his term..
    PeteEU

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    Re: Volcker: Taxes likely to rise eventually to tame deficit

    Quote Originally Posted by texmaster View Post
    Volcker, answering a question from the audience at a New York Historical Society event, said the value-added tax "was not as toxic an idea" as it has been in the past and also said a carbon or other energy-related tax may become necessary.

    Though he acknowledged that both were still unpopular ideas, he said getting entitlement costs and the U.S. budget deficit under control may require such moves. "If at the end of the day we need to raise taxes, we should raise taxes," he said.


    But..... the hope and change Obama promised us no new taxes for anyone making under 250k

    How many lies are we up to now? I lost count when it hit triple figures.

    Volcker: Taxes likely to rise eventually to tame deficit | Reuters
    Did Barack Obama change his name to Paul Volcker?

    Thanks for the intellectually dishonest fresh steaming pile.


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    Re: Volcker: Taxes likely to rise eventually to tame deficit

    Quote Originally Posted by Goldenboy219 View Post
    Not difficult to contemplate, just not something within the tune of reality. Future liabilities have to be paid for somehow.

    Why not... cut those programs? Oh damn, what a concept. It's called WE CANNOT AFFORD THEM.

    Not, "Can we raise tazes enough to maybe cover them". We flat out cannot afford these entitlement programs anymore. We couldn't to begin with, SS, Medicade, Medicare, now Obamacare... all PONZI SCHEMES.

    There is a reason such are illegal, CAUSE THEY ALWAYS FAIL.
    Climate, changes. It takes a particularly uneducated population to buy into the idea that it's their fault climate is changing and further political solutions can fix it.



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    Re: Volcker: Taxes likely to rise eventually to tame deficit

    Quote Originally Posted by Dezaad View Post
    How would cutting taxes help? Please, please don't repeat the myth that cutting taxes always increases revenue. Please?
    I cannot repeat a myth, since JFK, Reagan and Bush proved it true...
    Climate, changes. It takes a particularly uneducated population to buy into the idea that it's their fault climate is changing and further political solutions can fix it.



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