sozobe wrote:Interesting post, BCP1.
BCP1 wrote:
John Kerry has many good ideas, but he fails to bring to light where this money is coming from to fund these programs. We have seen in the past that once a program is started, it can never end, it can never become cheaper, and in many cases it can never be afforded.
My understanding is that the money stuff works out -- he has a plan for where the money will come from, not one source but lots of ways. Paul Krugman approves, and he's someone I tend to trust on financial matters. One OF the major sources would be rolling back tax credit on the top 2%. Just the top 2%. It would be a lot of money, but wouldn't impact people beyond not being able to afford that third yacht.
From the Cato Institute:
Low taxes allow for investment and innovation, which lead to greater productivity and prosperity. Moreover, low taxes help expand human freedom. As Edmund Burke observed more than two centuries ago, questions of human freedom and taxation are often interconnected. "Liberty," he wrote, "inheres in some sensible object; and every nation has... some favorite point, which by way of eminence becomes the criterion of their happiness. It happened... that the great contests for freedom in this country [United Kingdom] were from earliest times chiefly upon the question of taxing."
In the United Kingdom, the King lost his head because of his rapacious appetite for other people's hard-earned money. And, lest we forget, the American Revolution against the British started out as a tax rebellion. The question of low taxes, then, was at the birth of the American Republic and American freedom. Howard Dean, however, claims that low taxes are bad for America. If so, when did things change?
Source