View Poll Results: What is more important?

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  • A balanced budget (no growth in debt)

    53 86.89%
  • Tax cuts

    8 13.11%
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Thread: Tax cuts or balance budget

  1. #131
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    Re: Tax cuts or balance budget

    Quote Originally Posted by iamitter View Post
    I would argue all taxes not agreed upon by the populace are immoral and shouldn't exist
    You can argue that but the rule of law says that it is not the case.
    Last edited by Catawba; 03-30-11 at 05:02 PM.
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  2. #132
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    Re: Tax cuts or balance budget

    Quote Originally Posted by fredmertz View Post
    Further to your point: Let's say there are two people making Product 'X'. Person 1 is better than Person 2 at making 'X'. The government is looking for help making product 'X' in a public program. Person 1 has practically unlimited profitability by making 'X' in the private sector, because he is the best. So he refuses to work for the government, understandably. Person 2 will have a difficult time keeping afloat making product 'X' in the private sector, especially with Person 1 as competition. So person 2 works for the government.

    The government will always be hiring the second best. They can never have efficiency like the private market does because those that are the best in their fields will never work for the government.
    So, you're arguing that the private sector is better... because a few individuals can make more personal profit at the cost of everyone else? That best person who won't work for the government... he's providing the same service (maybe marginally better, but not much) for a substantially higher cost. He goes private for the big bucks. He can benefit more from being in the private sector, but all of his customers suffer. They pay a lot more... without getting any return on that higher cost. Person 2 is more efficient. Person 1 is greedy.
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  3. #133
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    Re: Tax cuts or balance budget

    Quote Originally Posted by iamitter View Post
    I would argue all taxes not agreed upon by the populace are immoral and shouldn't exist
    Theoretically, yes. But we, the populace, elect the leaders who make these taxes. Since they are our voice, mandated by us to do this, by electing them, we are agreeing to the decisions they make. So, all taxes presently in place ARE agreed upon by the populace. The act of voting for a candidate makes you beholden to the consequences of that election, even if you lose. Now, you can make it iffy by voting for someone who will change that tax, but that's still your opinion vs that of the populace. Until enough of them agree with you to elect the other guy, the populace has still spoken.

    This is how a representative republic works.
    Liberté. Égalité. Fraternité.

  4. #134
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    Re: Tax cuts or balance budget

    Quote Originally Posted by Catawba View Post
    I've noticed you always start with the name calling when you have been proven wrong. You should work on that!

    Then you probably also noted from the studies that what i claimed is true.

    The 5 studies total average for Medicare administrative costs is 4.7% and the total average for private health insurance is 14.8%
    It is a meaningless percentage to compare. The per beneficiary cost is the correct number to compare:

    Medicare - $509
    Private insurers - $453

    Not only is admin costs higher per beneficiary with Medicare, but the medical costs per beneficiary are much higher. And Medicare doesn't cover everything that private insurance covers. You have to get Medicare Advantage to begin to see parity.

    You have been proven wrong again, you ideological pipsqueak.

  5. #135
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    Re: Tax cuts or balance budget

    Quote Originally Posted by cpwill View Post
    the chart kandahar posted is the exact same as mine with one notable difference: it doesn't compare tax revenues to tax rates. dramatic swings in tax rates have not produced anything similar in tax [i]revenues[/il].
    That depends what you consider a dramatic swing in tax revenues. No, we aren't going to double tax revenues, but that isn't the point. Even if we can increase the tax revenue by 1% of GDP, that's $150 billion. Nothing to sneeze at. Since we're currently collecting about 16% of our GDP in taxes, if we could just get that back to the historical average of 19% by raising taxes, that gives us an extra half trillion, which would solve approximately 1/3 of the current deficit.
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  6. #136
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    Re: Tax cuts or balance budget

    Quote Originally Posted by jamesrage View Post
    I would say tax cuts and then work at balancing the budget to adjust to those tax cuts.
    Realistically we can demand our elected officials to cut taxes and balance the budget, it is not a either or. Either way stuff will have to be cut regardless if the budget is balanced and or if tax cuts are given.
    Balancing the budget always means job losses. Job losses mean worse economy, and worse economy is the only way Obama won't get reelected. And that's the only reason the Reps want to balance the budget. They don't care a whit about the economy. They already have theirs and then some, and they can get a raise in pay anytime they want.

    ricksfolly

  7. #137
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    Re: Tax cuts or balance budget

    Quote Originally Posted by reefedjib View Post
    It is a meaningless percentage to compare.
    Thanks for your opinion!
    Treat the earth well: it was not given to you by your parents, it was loaned to you by your children. We do not inherit the Earth from our Ancestors, we borrow it from our Children. ~ Ancient American Indian Proverb

  8. #138
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    Re: Tax cuts or balance budget

    Quote Originally Posted by Kandahar View Post
    That depends what you consider a dramatic swing in tax revenues. No, we aren't going to double tax revenues, but that isn't the point. Even if we can increase the tax revenue by 1% of GDP, that's $150 billion. Nothing to sneeze at. Since we're currently collecting about 16% of our GDP in taxes, if we could just get that back to the historical average of 19% by raising taxes, that gives us an extra half trillion, which would solve approximately 1/3 of the current deficit.
    That's utterly absurd.

    You're not going to get to 19% by introducing a massive tax increase on the 90% or so who still have jobs in this economy. You're only going to make things worse.

    If you want tax revenue, try policies that help to grow the economy, not policies that stifle it. Why not concentrate on putting the millions who lost jobs back to work and see how far that gets you before you go implementing polcies that are sure to put even more people out of work.

    Our present situation has precious little to do with marginal tax rates and everything to do with massive unemployment and a weak recovery.

  9. #139
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    Re: Tax cuts or balance budget

    Quote Originally Posted by Catawba View Post
    What Madoff did was illegal. SS is not.
    So what? At the end of the day, both leave a bunch of people with empty-hands and broken promises (though with 'efficiency' that should be praised I think you said).

  10. #140
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    Re: Tax cuts or balance budget

    Quote Originally Posted by Catawba View Post
    Thanks for your opinion!
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