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Current US Federal Budget Deficit

Conservative said:
So you continue to tell us, the Democratic Congress was powerless and allowed Bush to destroy the economy??
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Bush was way in over his head. He had no clue what was going on. He was a very poor leader who took this country to it's knees.

Conservative said:
That is liberal logic. What did Obama do to fix the economy? No specifics as usual
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It's well known history. Even my Republican friends admit that the Bush pass-on was the worst since the Great Depression.
 
Oh Boy. Now you're going down my alley *L* Sure... I'll give you a line-by-line accounting on a percentage of GDP basis.

Revenue

FY17 Receipts: 17.21

FY18 Changes:
Individual Income Taxes: +0.08
Corporation Income Taxes: -0.53
Social Insurance & Retirement Receipts: -0.24
Excise Taxes: +0.04
Other Receipts: -0.10
Total: -0.75

FY 18 Receipts: 16.46

Spending

FY17 Outlays: 20.66

FY18 Changes:
National Defense: +0.01
International Affairs: nc
General Science, Space & Technology: nc
Energy: -0.01
Natural Resources & Environment: -0.01
Agriculture: +0.01
Commerce & Housing Credit: +0.09
Transportation: -0.03
Community & Regional Development: +0.08
Education, Training, Employment & Social Services: -0.28
Health: -0.05
Medicare: -0.19
Income Security: -0.16
Social Security: -0.02
Veterans Benefits & Services: -0.04
Administration of Justice: nc
General Government: nc
Net Interest: +0.25
Undistributed Offsetting Receipts: -0.01
Total: -0.35

FY18 Outlays: 20.31

Now which lines would you specifically like to talk about? I'm assuming you're referring to the biggest ticket item - the -0.53 cut to Corporate Income Taxes. This will tend to put more money into the hands of shareholders... but how much does it really stimulate GDP? If a Corporation wanted to make a capital investment... let's say upgrade their factory in Toledo - wouldn't a higher Corporate tax rate be an incentive to do that? Wouldn't it be better for GDP for a corporation to invent in itself than to use the money to increase it's dividend?
 
Media_Truth said:
Bush was way in over his head. He had no clue what was going on. He was a very poor leader who took this country to it's knees.



It's well known history. Even my Republican friends admit that the Bush pass-on was the worst since the Great Depression.
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Bush and Obama are both out of office and yet you cannot seem to get over the reality that it wasn't Bush alone that created the recession nor was it Obama that brought us out of recession. TARP did that and that was passed under Bush. Interesting that you believe a former governor of a state was over his head when a state Senator then U.S. Senator wasn't. The worst recovery in modern history is what Obama authored making your posts illogical and wrong
 
Cordelier said:
Oh Boy. Now you're going down my alley *L* Sure... I'll give you a line-by-line accounting on a percentage of GDP basis.

Revenue

FY17 Receipts: 17.21

FY18 Changes:
Individual Income Taxes: +0.08
Corporation Income Taxes: -0.53
Social Insurance & Retirement Receipts: -0.24
Excise Taxes: +0.04
Other Receipts: -0.10
Total: -0.75

FY 18 Receipts: 16.46

Spending

FY17 Outlays: 20.66

FY18 Changes:
National Defense: +0.01
International Affairs: nc
General Science, Space & Technology: nc
Energy: -0.01
Natural Resources & Environment: -0.01
Agriculture: +0.01
Commerce & Housing Credit: +0.09
Transportation: -0.03
Community & Regional Development: +0.08
Education, Training, Employment & Social Services: -0.28
Health: -0.05
Medicare: -0.19
Income Security: -0.16
Social Security: -0.02
Veterans Benefits & Services: -0.04
Administration of Justice: nc
General Government: nc
Net Interest: +0.25
Undistributed Offsetting Receipts: -0.01
Total: -0.35

FY18 Outlays: 20.31

Now which lines would you specifically like to talk about? I'm assuming you're referring to the biggest ticket item - the -0.53 cut to Corporate Income Taxes. This will tend to put more money into the hands of shareholders... but how much does it really stimulate GDP? If a Corporation wanted to make a capital investment... let's say upgrade their factory in Toledo - wouldn't a higher Corporate tax rate be an incentive to do that? Wouldn't it be better for GDP for a corporation to invent in itself than to use the money to increase it's dividend?
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What does percentage of GDP have to do with economic activity and the debt? Why don't you post the debt as a percentage of GDP under Obama and Trump?
 
Conservative said:
What does percentage of GDP have to do with economic activity and the debt? Why don't you post the debt as a percentage of GDP under Obama and Trump?
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I can post whatever Budget information you want me to post. I use percentage of GDP measurements because it's a relatively easy concept to grasp and it allows for quick comparisons across different time periods. As far as Debt goes, here's an Overall picture of the situation going back to the Carter Administration. The Black Bars represent average receipts for each Presidential four-year term, the Red Bars represent average outlays. The Debt at the end of each term is shown with the Gray, Blue and Green Bars. Gray is the Total (Gross) Federal debt... Blue is the Net Debt - it's the Gray Bar minus the portion held by the Federal Government in Trust Funds (Social Security, Medicare, etc.). It's probably the most important level to watch, because this is the Debt that's out there on the credit markets and affecting interest rates. The Green Debt is the portion of the Debt held by the Federal Reserve. Note that the Trump figures include estimates for current and future fiscal years, and because future moves by the Fed are unknown, there is no estimated level included.

Overall.jpg
 
Cordelier said:
I can post whatever Budget information you want me to post. I use percentage of GDP measurements because it's a relatively easy concept to grasp and it allows for quick comparisons across different time periods. As far as Debt goes, here's an Overall picture of the situation going back to the Carter Administration. The Black Bars represent average receipts for each Presidential four-year term, the Red Bars represent average outlays. The Debt at the end of each term is shown with the Gray, Blue and Green Bars. Gray is the Total (Gross) Federal debt... Blue is the Net Debt - it's the Gray Bar minus the portion held by the Federal Government in Trust Funds (Social Security, Medicare, etc.). It's probably the most important level to watch, because this is the Debt that's out there on the credit markets and affecting interest rates. The Green Debt is the portion of the Debt held by the Federal Reserve. Note that the Trump figures include estimates for current and future fiscal years, and because future moves by the Fed are unknown, there is no estimated level included.

View attachment 67258062
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Maybe easy to grasp but IRRELEVANT just like it is irrelevant rhetoric on the part of the left to demonize others for keeping more of what they earn while ignoring that 44% of income earning Americans aren't paying anything in FIT. this is a private sector economy and most of the GDP is created by the private sector whereas spending by the federal gov't is what causes the deficit and debt. The higher the GDP the more revenue generated which of course is ignored as this is nothing more than class envy and jealousy on the part of the left. What purpose does it serve? Why do you hate seeing American taxpayers keeping more of what they earn?
 
Conservative said:
Bush and Obama are both out of office and yet you cannot seem to get over the reality that it wasn't Bush alone that created the recession nor was it Obama that brought us out of recession. TARP did that and that was passed under Bush. Interesting that you believe a former governor of a state was over his head when a state Senator then U.S. Senator wasn't. The worst recovery in modern history is what Obama authored making your posts illogical and wrong
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Considering the sad state of affairs, Obama's recovery was excellent. After the recovery, he lowered the deficit substantially. And now Trump continues to expand the deficit. Here's the latest DEFICIT news. I'm sure you've got a boat-load of excuses for ChumpHead.

Bloomberg - Are you a robot?

The U.S. budget deficit widened to $738.6 billion in the first eight months of the fiscal year, a $206 billion increase from a year earlier, despite a revenue boost from President Donald Trump’s tariffs on imported merchandise.

The shortfall was 38.8% more than the same period a year ago, the Treasury Department said in its monthly budget review released on Wednesday. So far in the fiscal year that began Oct. 1, a revenue increase of 2.3% hasn’t kept pace with a 9.3% rise in spending.
 
Media_Truth said:
Considering the sad state of affairs, Obama's recovery was excellent. After the recovery, he lowered the deficit substantially. And now Trump continues to expand the deficit. Here's the latest DEFICIT news. I'm sure you've got a boat-load of excuses for ChumpHead.

Bloomberg - Are you a robot?

The U.S. budget deficit widened to $738.6 billion in the first eight months of the fiscal year, a $206 billion increase from a year earlier, despite a revenue boost from President Donald Trump’s tariffs on imported merchandise.

The shortfall was 38.8% more than the same period a year ago, the Treasury Department said in its monthly budget review released on Wednesday. So far in the fiscal year that began Oct. 1, a revenue increase of 2.3% hasn’t kept pace with a 9.3% rise in spending.
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Sure it was, that is why Obama lost the House in 2010-2012 then then Congress in 2014 and the Democrats lost the Congress and the House in 2016, amazing results and I thank Obama for giving us Trump.

No independent would ever call the worst recovery in modern history a success.
 
Conservative said:
Maybe easy to grasp but IRRELEVANT just like it is irrelevant rhetoric on the part of the left to demonize others for keeping more of what they earn while ignoring that 44% of income earning Americans aren't paying anything in FIT. this is a private sector economy and most of the GDP is created by the private sector whereas spending by the federal gov't is what causes the deficit and debt. The higher the GDP the more revenue generated which of course is ignored as this is nothing more than class envy and jealousy on the part of the left. What purpose does it serve? Why do you hate seeing American taxpayers keeping more of what they earn?
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and you keep ignoring the 65% or so large corporations that do NOT pay one cent in FIT.
They use the infrastructure to make millions and Billions in US profits and don't pay a cent in FIT
Yes you are a typical right winger take from the lower middle class and the middle class and give to the rich
and then complain that people that aren't making enough to live on don't pay any FIT
have a nice day
 
Conservative said:
Maybe easy to grasp but IRRELEVANT just like it is irrelevant rhetoric on the part of the left to demonize others for keeping more of what they earn while ignoring that 44% of income earning Americans aren't paying anything in FIT. this is a private sector economy and most of the GDP is created by the private sector whereas spending by the federal gov't is what causes the deficit and debt. The higher the GDP the more revenue generated which of course is ignored as this is nothing more than class envy and jealousy on the part of the left. What purpose does it serve? Why do you hate seeing American taxpayers keeping more of what they earn?
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Why are you shifting the goalposts? I thought we were talking about the Budget? We can focus on tax distribution if you want... but let's keep to one subject at a time. That's why I seldom get into these economic debates.... because once I start pulling out my charts and bringing up the data to back up my facts, I find a lot of conservatives start zipping around from one subject to another like a balloon losing it's air.

That being said....

Look at the revenue levels for Trump - 16.3% of GDP after the tax cut. When has spending gotten anywhere near that low? Not since 1956 would bringing in that kind of revenue have balanced the budget. We can debate cutting taxes or whatever else, but we can't get around the fact that they have to be at some level. All I'm saying is that no matter how we decide to distribute the relative tax burden, we still need to bring in enough to have a realistic chance of balancing the budget. Would you agree with that?
 
Conservative said:
Sure it was, that is why Obama lost the House in 2010-2012 then then Congress in 2014 and the Democrats lost the Congress and the House in 2016, amazing results and I thank Obama for giving us Trump.

No independent would ever call the worst recovery in modern history a success.
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and as for the " worst recovery ever" maybe IF the Republicans would have worked with Obama just a little it could have been a lot better but NO they were too busy doing everything they could to block everything and try to make him a one term President
Yes Obama will take the blame for it but it wasn't all him the Republicans had something to do with it
Have a nice day
 
Tbird19482 said:
and you keep ignoring the 65% or so large corporations that do NOT pay one cent in FIT.
They use the infrastructure to make millions and Billions in US profits and don't pay a cent in FIT
Yes you are a typical right winger take from the lower middle class and the middle class and give to the rich
and then complain that people that aren't making enough to live on don't pay any FIT
have a nice day
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Haven't ignored that claim and find it irrelevant as I really don't give a damn, why do you? Employees pay taxes and corporations hire employees. Corporations also pay state and local taxes, form charities and are good corporate citizens but to you it is all about more money going to the bureaucrats than remaining in the states and local communities. This is why you have zero credibility and by all means, you have a nice day

You really have no idea what FIT funds do you? Explain to me why anyone earning income shouldn't be paying something for the operating expenses of the federal gov't including national defense?
 
Cordelier said:
Why are you shifting the goalposts? I thought we were talking about the Budget? We can focus on tax distribution if you want... but let's keep to one subject at a time. That's why I seldom get into these economic debates.... because once I start pulling out my charts and bringing up the data to back up my facts, I find a lot of conservatives start zipping around from one subject to another like a balloon losing it's air.

That being said....

Look at the revenue levels for Trump - 16.3% of GDP after the tax cut. When has spending gotten anywhere near that low? Not since 1956 would bringing in that kind of revenue have balanced the budget. We can debate cutting taxes or whatever else, but we can't get around the fact that they have to be at some level. All I'm saying is that no matter how we decide to distribute the relative tax burden, we still need to bring in enough to have a realistic chance of balancing the budget. Would you agree with that?
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I am happy to discuss the budget, 4.4 trillion dollars of which 1.4 trillion is discretionary showing that you cannot cut enough discretionary money to make a difference in the deficit.

The real problem will always be bureaucrats spending money to buy votes and as long as that happens I prefer people keeping more of what they earn. Higher taxes on the rich does nothing to close the income gap but does add to bureaucrats coffers to waste on social engineering. There isn't enough money for the rich to make a difference but the left continues to lie about that reality and people eat it up

I posted Treasury data showing FIT revenue up every year including 2018 the first year of the tax cuts and even more this year showing that tax cuts don't reduce revenue. I also pointed out debt service which was the largest expense item increase last fiscal year due to 4 interest rate hikes and that along with entitlement spending increases is what caused the 17% increase in budget deficit that the left is howling about. Why howl now instead of the 8 years of Obama?
 
Tbird19482 said:
and as for the " worst recovery ever" maybe IF the Republicans would have worked with Obama just a little it could have been a lot better but NO they were too busy doing everything they could to block everything and try to make him a one term President
Yes Obama will take the blame for it but it wasn't all him the Republicans had something to do with it
Have a nice day
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What policies did Obama want that he didn't get with total control of Congress his first two years? You buy what the left tells you and have no problem with the left destroying your credibility. Thank you Obama for giving us Trump and the economic results today speak for themselves, 2 trillion growth in GDP, 5 million new taxpayers from new jobs created, record state and local revenue, and record charitable contributions. Also in case you missed it corporate taxes are up as well according to Treasury. I suggest learning how to do research from verifiable sites instead of buying what you are told. Treasury is verifiable and that is the data used to charge the taxpayers for debt service.

By the why it is great seeing blue states residents paying more in federal taxes due to their inability to deduct all their high state and local taxes from their federal return. It is about time people like you learned that liberalism isn't free
 
Tbird19482 said:
and as for the " worst recovery ever" maybe IF the Republicans would have worked with Obama just a little it could have been a lot better but NO they were too busy doing everything they could to block everything and try to make him a one term President
Yes Obama will take the blame for it but it wasn't all him the Republicans had something to do with it
Have a nice day
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You are talking to the most dishonest, biased person on this forum. Anyone who cannot agree that the Bush handoff was the worst since the Great Depression, is WAY OUT THERE! You can't believe anything he says.
 
Conservative said:
Haven't ignored that claim and find it irrelevant as I really don't give a damn, why do you? Employees pay taxes and corporations hire employees. Corporations also pay state and local taxes, form charities and are good corporate citizens but to you it is all about more money going to the bureaucrats than remaining in the states and local communities. This is why you have zero credibility and by all means, you have a nice day

You really have no idea what FIT funds do you? Explain to me why anyone earning income shouldn't be paying something for the operating expenses of the federal gov't including national defense?
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First of all I never said they didn't pay taxes
and why is it you want the 43% of people who can hardly get by on what they earn , money they work hard for , pay FIT and not large corporations that are making millions if not billions in US profits ?
and FIT pays for defense, transportation( roads and bridges the large corporations use to transport their goods ) ( if you got it it came on a truck at sometime ) education for their workers and much more
you asked why shouldn't the 43% of people not help pay for the operating expenses of the Fed. well I have to ask the same question to you why shouldn't large Corps, not help pay for it too?
again I have to ask you why shouldn't the 65% of the large corps pay FIT on the millions and Billions of US profits they make and people who are hardly getting by some working two jobs with a spouse working too pay FIT?
again you want the hard working poor / lower middle class/ middle class pay FIT but NOT billion dollar Corps
take from the poor/ lower middle class and middle class and give to the rich
we see how you are
have a nice afternoon
 
Media_Truth said:
You are talking to the most dishonest, biased person on this forum. Anyone who cannot agree that the Bush handoff was the worst since the Great Depression, is WAY OUT THERE! You can't believe anything he says.
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OH I know that.
he is so one sided and can't admit Trump is running up the debt more then Obama did in 5 of the 8 years he was in office
and has this country so divided it isn't funny
well good luck trying to make him realize he is messed up and doesn't know what he is talking about
I have posted facts about the debt from the Treasury on here over the last two years or so and he sitll won't admit they are facts
Have a nice day
 
Tbird19482 said:
First of all I never said they didn't pay taxes
and why is it you want the 43% of people who can hardly get by on what they earn , money they work hard for , pay FIT and not large corporations that are making millions if not billions in US profits ?
and FIT pays for defense, transportation( roads and bridges the large corporations use to transport their goods ) ( if you got it it came on a truck at sometime ) education for their workers and much more
you asked why shouldn't the 43% of people not help pay for the operating expenses of the Fed. well I have to ask the same question to you why shouldn't large Corps, not help pay for it too?
again I have to ask you why shouldn't the 65% of the large corps pay FIT on the millions and Billions of US profits they make and people who are hardly getting by some working two jobs with a spouse working too pay FIT?
again you want the hard working poor / lower middle class/ middle class pay FIT but NOT billion dollar Corps
take from the poor/ lower middle class and middle class and give to the rich
we see how you are
have a nice afternoon
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Because federal income taxes fund the operating expenses of this country including national defense of which these people earning income benefit from. You obviously have no idea what taxes you pay or their purpose but continue to believe in the liberal "free lunch" policies. No income earning American should shirk their responsibility to pay something to the Federal Gov't for the opportunity to live in this country and benefit from those opportunities.

Before calling on those evil rich people(top 1%) to pay more as they pay 40% of income taxes in this country call for those earning income to pay something whether it be $100 per year. There is no excuse for people not to pay something to the gov't that gives them the opportunity to live in a free society and benefit from it.
 
Tbird19482 said:
OH I know that.
he is so one sided and can't admit Trump is running up the debt more then Obama did in 5 of the 8 years he was in office
and has this country so divided it isn't funny
well good luck trying to make him realize he is messed up and doesn't know what he is talking about
I have posted facts about the debt from the Treasury on here over the last two years or so and he sitll won't admit they are facts
Have a nice day
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I await for you to post data on the DEBT but you rather make false claims. Rather sad that someone your age should have so little concern over your credibility. Obama was in office 8 years, Trump has had ONE budget year and deficit grew 17% all on interest and entitlement expenses showing again how little you know about the budget and the gov't spending
 
Conservative said:
I am happy to discuss the budget, 4.4 trillion dollars of which 1.4 trillion is discretionary showing that you cannot cut enough discretionary money to make a difference in the deficit.

The real problem will always be bureaucrats spending money to buy votes and as long as that happens I prefer people keeping more of what they earn. Higher taxes on the rich does nothing to close the income gap but does add to bureaucrats coffers to waste on social engineering. There isn't enough money for the rich to make a difference but the left continues to lie about that reality and people eat it up

I posted Treasury data showing FIT revenue up every year including 2018 the first year of the tax cuts and even more this year showing that tax cuts don't reduce revenue. I also pointed out debt service which was the largest expense item increase last fiscal year due to 4 interest rate hikes and that along with entitlement spending increases is what caused the 17% increase in budget deficit that the left is howling about. Why howl now instead of the 8 years of Obama?
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So what are you saying? You can't cut spending, so you might as well just ignore reality, pretend it's still 1956 and cut taxes accordingly? Just let the debt explode and let the economy go to hell? Nice.

Here's the bottom line... the middle class' share of the economy is eroding. That's just a fact. They aren't going to put up with that forever... sooner or later (I'm thinking sooner), they're going to demand policies more favorable to them. That's just math. If we keep going down the road of funneling more and more money into fewer and fewer hands, then eventually things are going to reach a breaking point. A guy working as a janitor gets the same vote as a billionaire... and I'll let you in on a little secret - there are a lot more janitors. Democracy or oligarchy - you can have one or the other, but not both.
 
Cordelier said:
So what are you saying? You can't cut spending, so you might as well just ignore reality, pretend it's still 1956 and cut taxes accordingly? Just let the debt explode and let the economy go to hell? Nice.

Here's the bottom line... the middle class' share of the economy is eroding. That's just a fact. They aren't going to put up with that forever... sooner or later (I'm thinking sooner), they're going to demand policies more favorable to them. That's just math. If we keep going down the road of funneling more and more money into fewer and fewer hands, then eventually things are going to reach a breaking point. A guy working as a janitor gets the same vote as a billionaire... and I'll let you in on a little secret - there are a lot more janitors. Democracy or oligarchy - you can have one or the other, but not both.
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Oh, I have no problem cutting spending but am not in power to do that and won't be voting for any Democrat in the future. You have no solutions, just more complaining. The answer is term limits, returning all social programs excluding SS and Medicare to the states and local communities and stop the federal social engineering which isn't going to happen as bureaucrats buy votes with all that spending

I voted for Trump and am anxiously waiting to do so again as there is no valid reason to vote for a Democrat and no democratic candidate that will ever do what Trump has done by even proposing spending cuts. The entire Democratic Agenda is investigate rather than legislate and promotion of class envy and jealousy

The middle class isn't eroding or if it is the personal responsibility is the issue as there is nothing preventing anyone from moving up in class. taxing the rich isn't the answer but allowing people to keep more of what they earn is. This is a private sector economy, the best in the world, that the left wants to destroy. That may happen somewhere in my lifetime but not in TX

You claim money is being funneled into people's hands? Is that your definition of tax cuts and people keeping more of what they earn? Why is that a problem for you? You honestly seem to believe the gov't has the responsibility to raise people out of poverty, how does increasing taxes do that and level the playing field? Raising taxes does nothing but give bureaucrats more power as very little of that money gets to the people you claim you want to help. Never in history has revenue been a determining factor in creating social welfare programs
 
Conservative said:
Oh, I have no problem cutting spending but am not in power to do that and won't be voting for any Democrat in the future. You have no solutions, just more complaining. The answer is term limits, returning all social programs excluding SS and Medicare to the states and local communities and stop the federal social engineering which isn't going to happen as bureaucrats buy votes with all that spending

I voted for Trump and am anxiously waiting to do so again as there is no valid reason to vote for a Democrat and no democratic candidate that will ever do what Trump has done by even proposing spending cuts. The entire Democratic Agenda is investigate rather than legislate and promotion of class envy and jealousy

The middle class isn't eroding or if it is the personal responsibility is the issue as there is nothing preventing anyone from moving up in class. taxing the rich isn't the answer but allowing people to keep more of what they earn is. This is a private sector economy, the best in the world, that the left wants to destroy. That may happen somewhere in my lifetime but not in TX

You claim money is being funneled into people's hands? Is that your definition of tax cuts and people keeping more of what they earn? Why is that a problem for you? You honestly seem to believe the gov't has the responsibility to raise people out of poverty, how does increasing taxes do that and level the playing field? Raising taxes does nothing but give bureaucrats more power as very little of that money gets to the people you claim you want to help. Never in history has revenue been a determining factor in creating social welfare programs
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Shot in the dark here Connie... but you reek of oil. Never fails... take a high school grad, pay him six figures a year to sling pipe and all of a sudden he has all the answers. If so, more power to you... I wish there were oil jobs for everyone. But the real world doesn't work that way... everybody else lives in a different reality from you. Where it's not 1956 anymore.
 
Cordelier said:
Shot in the dark here Connie... but you reek of oil. Never fails... take a high school grad, pay him six figures a year to sling pipe and all of a sudden he has all the answers. If so, more power to you... I wish there were oil jobs for everyone. But the real world doesn't work that way... everybody else lives in a different reality from you. Where it's not 1956 anymore.
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So your parents raised you to believe that you are entitled to someone else's income and that higher taxes means the leveling of the income gap? That is a walking advertisement for school choice and vouchers.
 
Conservative said:
So your parents raised you to believe that you are entitled to someone else's income and that higher taxes means the leveling of the income gap? That is a walking advertisement for school choice and vouchers.
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Here's what I believe... to whom much is given, much is expected. If someone is blessed by good fortune to be born into wealth, or has ability or is just lucky, that's a good and great thing... just like it's a good and great thing that we have a society where such people can use their talents and abilities to prosper. That state of affairs isn't a given, though - it should never be taken for granted - it needs to be maintained and renewed. If and to the extent that we wish to remain a country and to have our society thrive, I don't think it's unreasonable by any stretch of the imagination that the people who profit most from circumstance be expect to contribute the most to it's continued maintenance.... that just seems like a no-brainer to me.
 
Cordelier said:
Here's what I believe... to whom much is given, much is expected. If someone is blessed by good fortune to be born into wealth, or has ability or is just lucky, that's a good and great thing... just like it's a good and great thing that we have a society where such people can use their talents and abilities to prosper. That state of affairs isn't a given, though - it should never be taken for granted - it needs to be maintained and renewed. If and to the extent that we wish to remain a country and to have our society thrive, I don't think it's unreasonable by any stretch of the imagination that the people who profit most from circumstance be expect to contribute the most to it's continued maintenance.... that just seems like a no-brainer to me.
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Give me a fricken break, you believe all rich people were born into their wealth? Tell that to Bill Gates?

Stunning how you think and how easy it is to indoctrinate people.

How much revenue can be received by increasing taxes on those rich people?

Sent from my SAMSUNG-SM-G930A using Tapatalk
 
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