3
   

Payroll Tax Holiday May Not Survive Year's End

 
 
hawkeye10
 
  1  
Reply Sat 8 Sep, 2012 07:18 pm
@oralloy,
Quote:
The best option is raising taxes. Perhaps a European-style VAT tax.


america does not have much ability to raise taxes. the money holders and the masses would both revolt, toss out the government, and move even more wealth out of the country. massive austerity is in our future, but not till the markets impose it as they have in europe. the american economy is too rotted to produce the tax rev required to keep spending at anywhere near the levels that they are now, any attempt to do it anyways will inflict massive pain on the masses.

governments should have realized that they slit there own throats when they signed on to the global free trade scheme pushed by the wealth holders. unfortunately during my lifetime the best and the brightest have rarely gone into public service ....there was not enough in house smarts to avert disastrous deals. even now when is is clear beyond any doubt that the global economy is gravely diseased we hear almost no admission of this from the government types, and of course no ideas on how to stave of collapse.
parados
 
  1  
Reply Sat 8 Sep, 2012 10:02 pm
@mysteryman,
mysteryman wrote:

Veterans benefits are actually part of the defense budget.

They aren't listed that way in the US Budget.
http://www.gpo.gov/fdsys/browse/collectionGPO.action?collectionCode=BUDGET
0 Replies
 
oralloy
 
  0  
Reply Sun 9 Sep, 2012 04:01 am
@hawkeye10,
hawkeye10 wrote:
Quote:
The best option is raising taxes. Perhaps a European-style VAT tax.


america does not have much ability to raise taxes. the money holders and the masses would both revolt, toss out the government, and move even more wealth out of the country.


A European-style VAT tax would take care of that problem.



hawkeye10 wrote:
massive austerity is in our future, but not till the markets impose it as they have in europe.


If there is a continued impasse in Washington, perhaps the fiscal cliff will impose the austerity a bit early.



hawkeye10 wrote:
governments should have realized that they slit there own throats when they signed on to the global free trade scheme pushed by the wealth holders. unfortunately during my lifetime the best and the brightest have rarely gone into public service ....there was not enough in house smarts to avert disastrous deals. even now when is is clear beyond any doubt that the global economy is gravely diseased we hear almost no admission of this from the government types, and of course no ideas on how to stave of collapse.


Free trade isn't the problem. It provides us with lots of cheap goods that we wouldn't otherwise be able to get.
0 Replies
 
 

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