quote:
Honestly, the problem is in ~360M American bathroom mirrors.

I can't think of a single thing that would actually make a difference that you could cut substantially in the budget that wouldn't create a goddamned firestorm in the American public.

THIS! The only way one could balance the budget is ending SS and MEDI, while continuing to collect the taxes. Anyone think that's politically possible?

Otherwise you're looking at almost trippling the tax rates on the "middle class"

I can hear it now "Just tax 'the rich' more!" The problem is... when you're already taking 39% of their marginal income... you can't triple it. People paying 10% however... it's possible.

There's a lot of pain coming to the middle class. And most of them are too stupid to see it coming.

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Posted by cahoots

Member since Jan 2009

9134 posts

Posted on 2/13/19 at 2:10 pm to Taxing Authority

quote:
THIS! The only way one could balance the budget is ending SS and MEDI, while continuing to collect the taxes. Anyone think that's politically possible?

Otherwise you're looking at almost trippling the tax rates on the "middle class"

I can hear it now "Just tax 'the rich' more!" The problem is... when you're already taking 39% of their marginal income... you can't triple it. People paying 10% however... it's possible.

There's a lot of pain coming to the middle class. And most of them are too stupid to see it coming.

I think the least painful cut is to first restrict SS in specific ways. For example, you shouldn't be able to collect more than you put in unless you are unable to provide for yourself otherwise. That seems pretty basic.

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