Cutting Taxes is Not a Solution
In a post titled 'Raising Taxes is not a Solution', Pencils2 writes
Why on earth would we give more money to politicians who have proven themselves incapable of balancing the budget? - Pencils2
Because cutting taxes hasn't been any solution, we keep having to do it over and over again as each additional tax cut does not trickle down to most Americans, but rather goes to lining the pockets of a smaller and smaller group we now borrow from in order to get the same lifestyles and services we used to be able to afford before we gave tax collections and union representation away.
Because a majority of citizens authorised the spending first, and then foolish supply side economic experts promised us we could cut taxes and pay the bills for the spending we had asked for. It did not work. It turned out that the taxes we stopped collecting became borrowing and interest payments to the same people we were no longer collecting taxes from. It is long past time to revisit that failed decision.
And I do not care if you call yourself a Communist, Socialist, Democrat, Republican, Green Party, Tea Party, or Libertarian if you are promoting that "cut taxes and solve problems" idea. I do not care if you are calling it trickle down, supply side, privatisation or "the path to freedom". It is a complete and utter failure, and it has never, anywhere in the world lived up to the promises of its advocates, only the self interest of the already rich.
Only progressive tax structures have had any measure of success at keeping those promises for a majority, and even then you have to pay attention to spending and remember that a much wider distribution of our countrys wealth than we have today is the best tool for preventing favoritism and government corruption.
If you wanted to start the free market equality race to the top after twenty five years of purely socialist wealth distribution so everyone is at the same starting line, thats one thing. But to start it now after what you call the last 15 years of corrupt government favoritism is like advocating for rewarding the corruption then, by advocating for the thieves to keep now what they stole then.
The free market political platform: "Deregulation let us steal, cutting taxes lets us keep it".
"Oh and by the way, we can also help invest your SSI contributions too, for a small fee of course, that will in no way will seem like skimming 12-15% off your investment dollars into our fee structure before they ever earn a penny for you, or charging you again to restructure them into an income producing annuity later on".
Scew that, and good luck with your political campaign.
Perhaps it would be best to raise taxes enough to actually fund the services we authorised and pay down the debt rather than having a tax structure that rewards lending by susidising corporate borrowing with tax deductions, or subsidising home loans with interest tax deductions, or rewarding capital gains income on the lending with lower tax burdens than actually working to make those investments a success.