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Thread: Is it Time for a Balanced Budget Amendment for the Federal Government and All States?

  1. #61
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    Re: Is it Time for a Balanced Budget Amendment for the Federal Government and All Sta

    Quote Originally Posted by Lafayette View Post
    Nice story.

    I am concerned, however, for all those blacks (and all colours) who did not succeed as well because they did not have a scholarship. They are in the millions.

    I live in France. I paid 800€ ($850) for tuition per year because the French government subsidizes ALL post-secondary schooling. All my kids have a 4-year degree. Two have master's degrees for which they paid out of their own pocket, the tuition being the same.

    That is what we should have in the US for any child who seeks a Tertiary-level Education (vocational, 2- or 4- or 6-year). And, frankly, we can for about half the DoD-budget going for scholarships instead ...

    In that manner, many more will find jobs and live meaningful lives.

    As it stands today, only 45% of our kids are getting through to a Post-secondary degree - and on average for those that do, they have a $35K debt to repay. Of the 55% who don't, around 15% will liver permanently below the Poverty Threshold. And 40% will be lucky to be earning the median salary of $54K a year.

    We can do better (by subsidizing Tertiary Schooling just like we subsidize Primary/Secondary schooling), but we don't seem to want to do so ...
    France, what a shining example. Let's talk about austerity. Tell me, does have of those earning income not pay federal income tax? Tell us about your 20% sales tax on most items sold. That education is paid for...

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    Re: Is it Time for a Balanced Budget Amendment for the Federal Government and All Sta

    Quote Originally Posted by Southern Dad View Post
    France, what a shining example. Let's talk about austerity. Tell me, does have of those earning income not pay federal income tax? Tell us about your 20% sales tax on most items sold. That education is paid for...
    We don't have a problem with "taxation" per se in Europe. It provides the benefits that people expect a state to furnish them. Namely, both a National Healthcare System and Tertiary Education that are very, very low cost (compared to the US).

    The Sales-Tax is a far better more effective manner for any government to collect funds. It is more efficient than the Income-Tax.

    The US should adopt it and relieve the states from collecting a sales-tax, all the while sharing the revenue obtained within the state in which it is obtained. It would be cheaper and reduce the "inter-state" competition as regard sales-taxes.

    Most EU-countries have both, but! That is, the Income Tax is far less a part of the total tax-intake of any nation in the EU. More breadth is given to income-earners, especially those with growing children.

    And Europe is different in another aspect. We taxpayers here do not have the national DoD hanging around our necks eating up 54% of national budgets (in a time of relative peace!)

    The US has collectively a mad-fascination with anything that goes "bang". Lotsa luck with that one, in a country with an overwhelming guns-guns-guns mentality.

    Las Vegas is only a beginning. The crazies are about to have a field day. Only sixty dead?

    Watch the mad-rush to "beat that number" ...
    Where justice is denied, where poverty is enforced, where ignorance prevails, and where any one class is made to feel that society is an organized conspiracy to oppress, rob and degrade them; then neither persons nor property will be safe. (Frederick Douglass)

  3. #63
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    Re: Is it Time for a Balanced Budget Amendment for the Federal Government and All Sta

    Quote Originally Posted by Lafayette View Post
    We don't have a problem with "taxation" per se in Europe. It provides the benefits that people expect a state to furnish them. Namely, both a National Healthcare System and Tertiary Education that are very, very low cost (compared to the US).

    The Sales-Tax is a far better more effective manner for any government to collect funds. It is more efficient than the Income-Tax.

    The US should adopt it and relieve the states from collecting a sales-tax, all the while sharing the revenue obtained within the state in which it is obtained. It would be cheaper and reduce the "inter-state" competition as regard sales-taxes.

    Most EU-countries have both, but! That is, the Income Tax is far less a part of the total tax-intake of any nation in the EU. More breadth is given to income-earners, especially those with growing children.

    And Europe is different in another aspect. We taxpayers here do not have the national DoD hanging around our necks eating up 54% of national budgets (in a time of relative peace!)

    The US has collectively a mad-fascination with anything that goes "bang". Lotsa luck with that one, in a country with an overwhelming guns-guns-guns mentality.

    Las Vegas is only a beginning. The crazies are about to have a field day. Only sixty dead?

    Watch the mad-rush to "beat that number" ...
    We had a proposal called the Fair Tax which his a national sales tax. The bed wetting liberals claim that it is a terrible thing. They claim it is regressive and harms the poor unfairly but you are extolling its virtues as a better way to collect taxes. I actually agree with you.

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    Re: Is it Time for a Balanced Budget Amendment for the Federal Government and All Sta

    Quote Originally Posted by Southern Dad View Post
    We had a proposal called the Fair Tax which his a national sales tax. The bed wetting liberals claim that it is a terrible thing. They claim it is regressive and harms the poor unfairly but you are extolling its virtues as a better way to collect taxes. I actually agree with you.
    I don't know what kind of "liberals" you have in the US. Liberals here in Europe are BigSpenders (but not on Defense). And tax-revenue is tax-revenue, regardless of how quickly or not you spend it.

    And, yes, if that is the case, then I too am a "liberal". I'd rather see money spent on National Health Care and Tertiary Education, than have people dropping like flies from an illness or thousands of dumb kids put behind bars because they were caught red-handed trying to take the fast-track to riches.

    Here in Europe, the sales tax is collected immediately and spent directly by governments. (And, yes, some spend it willy-nilly, but Greece is a highly particular economic disaster.)

    The sales tax is, however, affected by economic recessions - but so is income-tax. But, The real challenge (at least in Europe) is to make states understand that taxation is not an endless gold-mine from which they can continue to make extravagant expenditures. (Regardless of the nature of said expenditures.)

    Which is still good advice as regards the US and particularly the DoD, one of the most extravagant expenditures ever conceived that consumes 54% of the Discretionary National Budget. For which there is very little real return - except to assure incomes at a finite number of DoD-contractors. (And, these last years, assuring one helluva lotta body-bags returning to the US - so it's "really great'" for the body-bag business.)

    Of course, as some famous economist must have said, "There is nothing like a war every now and then to dampen the excessive rise in birth-rates".

    (And who am I to dispute Common Sense ... ;^)
    Where justice is denied, where poverty is enforced, where ignorance prevails, and where any one class is made to feel that society is an organized conspiracy to oppress, rob and degrade them; then neither persons nor property will be safe. (Frederick Douglass)

  5. #65
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    Re: Is it Time for a Balanced Budget Amendment for the Federal Government and All Sta

    I've lived in both Germany and the Netherlands. I know how wonderful it is over there. I have seen the socialized medicine, the paying people to go to school, and all those other great social programs. I also learned the tax burden paid by those citizens. I saw how expensive the cost of living was for the Dutch and Germans. The price of a gallon of gasoline, the cost of a house, the price of a pair of Levis. I have seen it. The French are ranked 26th in the world on the amount of disposable income per month (after taxes), compared to the USA having a 13th ranking. The grass is always greener on the other side of the fence but it does still have to be mowed.

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