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Re: The Stimulus Package
Old 03-04-2009, 02:16 AM   #114
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Default Re: The Stimulus Package

Strangler, I agree with most of the second half of your last reply to me.

But I'll need to clear up a couple of points, for one.. I call capitalism an experiment only because in history its shown that in all civilizations it can only last so long before socialism, or concepts of socialism start to take over.

What's happening in this day in age in america, is that we allowed certain companies to get so big, that the goverment is actually >>scared<< by the idea of them failing. The most true thing you said is that capitalism is not perfect, and we're just being presented with an example now of why it isn't.

In my last post, when I said what we're doing now isn't working.. I'm not still saying we should raise taxes, I'm just saying that somewhere along the line the system is broken. Maybe once everything crashes down we'll be able to see what the biggest flaw was.

Even though the graphs display raw data on tax rates vs government revenue, I'm still going to say the numbers are misleading. Before you cry about me saying that, remember, I do accept the fact that Tax cuts do not hurt government revenue directly. But somehow it hurts them indirectly, because it has created the need for the government to spend more. If the government is spending more then its increase in revenue, then its broken.

Now, you could say that there is other reasons spending went up, just as much as I could say there's other reasons government revenue went up. But the fact remains that right NOW we're spending money to help patch up some failed buisnesses because we're scared of what will happen if they fail.

One could venture to say that your tax cuts to the upper class actually caused them to gain too much power and influence over the economy.

I'm not saying the data ont he graphs are wrong, but there's a lot more factors that cause that end result to be true. Just like if you were to post a graph of GPD vs government spending, or Tax rates vs ticket prices to NFL games. While their end revenue may not have changed, what HAS changed is that we're getting deeper and deeper into debt. Tax cuts may have nothing to do with it, but I believe it has everythign to do with it. I think Tax cuts have everything to do with the widening of the gap between the upper and lower classes.

I think that how spending has been handled in the government has been irresponceable and is mostly meant to patch up what issues that face us today while ignoring what issues face our children. And I think that has been the case for a LONG time, and I think that a part of what's happening now is we're paying for the mistakes that have been made over the last half century, and we're trying to hand our issues off to the next generation without dealing with it ourselves.

I take any gross income chats with a grain of salt, how about some NET incoming numbers for the last 10 years, taking into consideration the spending too and not just the raw revenue that the governemnt has gained.
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