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Higher or lower taxes?

Higher or lower taxes

  • I'm a right leaning American, higher

    Votes: 1 5.0%
  • I'm a left leaning American, higher

    Votes: 5 25.0%
  • I'm a right leaning American, lower

    Votes: 11 55.0%
  • I'm a left leaning American, lower

    Votes: 3 15.0%

  • Total voters
    20
If you spent literally ZERO federal dollars, it would take at least 5 years to pay off our debt at current tax/revenue loads.

Seeing how we need things like national defense and infastructure that would be impossible.

Which begs the question, why does the debt NEED to be paid off?

Because every time we go further into debt the value of our dollar decreases.That means it is pointless to save. What happens should those loaning us money stop lending and demand we pay them back, are we just going to tell them to piss off and then be royally screwed the next time a major emergency comes up and no one loans us money?
 
I do not vote on polls where there is also an indication of left leaning and right leaning. However, the question itself is a no brainer. The wealthiest countries in the world are those where most taxes are paid. So let the taxes go up. And it is a shame this this is being used during elections to get votes.

Joey
 
Good thing the 16th amendment was the first time we had income tax.

An "income tax" existed from 1862 to about 1870 to support the war effort, so you're right in a technical sense.

Either way, you haven't demonstrated how the existence or absence of an income tax is inherently linked to prosperity. Your attempt to do so is a case of correlation not implying causation. Ingenuity, creativity, strong work ethic, and environments conducive to innovation (sound fiscal policies) are what result in prosperity, seeing as those are the attributes and conditions which lead to technological advancement and privilege strategic thinking.
 
We need to get rid of regressive taxation.
 
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