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

Forum Index » Money and Finances

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

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous]We are at the point of no return already. Take social security for instance. As a reminder SS is a pay as you go system.In other words those working are the ones floating the bill for those who are retired. A lot of people forget this critical point.

Our population is aging. Fertility rate will soon plummet.

Who is going for pay for your kids' social security?

I am a.Democrat. while the Republicans will only pursue policy that make.aure the rich don't pay any taxes, Democrats love taxation. Every single issue we already have a solution tax more.

So since Democrats are likely to be in power when the debt crisis truly hits, they will cripple us with extremely painful taxes at the federal, state and local level.

If you live in a state like New York, you will likely leave. Then it creates another issue when migration accelerates from high tax states in the northeast and California to lower tax states in the South. The local residents in those states will be displaced and experience accelerated poverty due to the higher purchasing power of the new arrivees and the non exist ance of safety nets in those states.

So no matter what, in about 10 years or so we will take home less money than we do now.[/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics