- Joined
- Dec 20, 2009
- Messages
- 75,639
- Reaction score
- 39,907
- Location
- USofA
- Gender
- Male
- Political Leaning
- Conservative
That is all fine and good, however in order to keep taxes where they are now and have no yearly debt we would have to not only drastically downsize entitlement programs, we would have to drastically downsize infrastructure spending, and the military. This can be counteracted by gradually progressing the tax code, loopholes, and such.
when you simplify the tax code you want to lower nominal rates to keep effective rates the same. everyone from paul ryan to bill clinton has come out in favor of this basic structure for growth.
in reality, we will never collect enough taxes to pay for our entitlements. they will be slashed. the question is "how" and "will it be in a manner of our choosing, or our creditors".