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Political Discussion
Reply to "Republicans and the debt ceiling "
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Government has a spending problem not a revenue problem. I could cut 25 percent of the federal govt workforce and it wouldn’t make a difference to most Americans. Just a jobs program. So much wasteful spending.[/quote] You're wrong. Every billionaire is a policy failure. Every one of them would have contributed the same amount in exchange for $500 million -- meaning we left half a billion dollars on the table that could have gone to something productive. [/quote] Ummm....as of 2020, the top 10 percent of earners paid 74 percent of all income taxes. The top 25 percent of earners paid 89 percent of income taxes and the top 50 percent of earners paid 97.7 percent of all income taxes. Most billionaires (not counting those who inherited it) took risk and founded companies that grew and now employ thousands of people who also pay taxes. The device you are typing on is a result of capitalists, innovators, and risk takers.....personality traits that socialism inevitably destroys. Socialism fails to take into account human nature -- why should I work hard, risk capital, take chances, innovate if I can't reap the rewards. Socialism works until you run out of other people's money.[/quote] This will anger the echo chamber.[/quote] No kidding. Reading the comments on this board is depressing. I can't believe many posters are advocating for socialism. Capitalism may have it flaws but I'll take it any day over what Democrats are driving this country toward. Capitalism, entrepreneurialism, free enterprise, and an abundance of natural resources is what made the United States the economic power that it is today. The government needs to get out of the way. Democrats are destroying it.[/quote] Unfettered capitalism is an awful system if you aren't on the top. The countries with the highest standards of living are those with very regulated capitalism [/quote] We haven't had unfettered capitalism in one hundred years. Don't act like it's right around the corner.[/quote] We're certainly the closest of any western democracy. For a country with our per capita GDP, we also have a worse standard of living than similar counties by just about every metric [/quote] That's your first mistake. You keep thinking we're a rich country. We have a national debt of $95,000 per person and $248,000 per worker. We're like the guy living in a mansion with $50 in equity, a million in debt and 598 payments to go. Do you understand that? Is that clear enough for you?[/quote]
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