Reply to Do you think taxes will increase to pay for the nation's debt?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]100000% yes.

It will be subject to intense political debt, but we have no choice.

And I say this as a conservative. I honestly don't think the average American understand how much debt we have and that at some point it will have to be repaid.

It's going to be ugly because we are aging as a population and soon births will likely come to a halt.

[b]Cutting promised entitlement such as social security and Medicare have proven to be impossible.[/b][/quote]

Why would that be the solution when billionaires can be taxed and wouldn't even notice it? [/quote]

You can tax all the billionaires 100% and it still would not fully cover the debt. [/quote]

that is just not true- Elon musk will earn a trillion $s as his own personal income for one (!) 1 calendar year.  if we stop instigating stupid foreign wars, stop foreign aid and tax the .01% we can get rid of it.  but we wont so I'm trying my best to provide alternative citizenships for my kids so they actually get something for the taxes they pay-- we pay 40% in tax and have the exact same lifestyle as our siblings in the EU (we pay through the nose for our kids schools, they get the same for free, same with healthcare but they are EU not Britain, UK family all do stints of tax free living in UAE to attain same level of nice SF house, good school and luxury car/vacation, good health insurance as us) [/quote]

I think you contradicted yourself. You suggested that you’re paying the same levels of tax as your siblings but getting fewer services. Then you say that your British family have to go to the UAE to make enough money to have the same standard of living.

The highest marginal rates of tax are generally higher in European countries than in the US. It’s 55% in France and Sweden. [/quote]

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