How does it feel...

[442w30]

So you are refering to Scandanavia, Finland, Denmark & Sweden where the average tax burden on EVERYONE is over 50%. Is that the type of socialism you are refeing too? I think I will still pass.

I am not defending any ism, but currently let's say the US tax rate is 25% and it's doing a fine job of paying down the 9.7T debt. Let's increase that debt to 11T in the next 2 years - let's say 12% more debt.

If we are even giving lip service to paying this debt off, we must raise taxes ~10% to 35%.
Approaches the 50% number above pretty quickly, definitely heading in the wrong direction - and now the gov't (you and me) own businesses outside of the free markets. That is not capitalism, or is it?

By the way, who thinks the current tax revenue is adequate to eventually pay off that 9.7T today?

Delay of the inevitable at best.

Read again, I don't want to be Scandanavia or Western Europe as fine as they are. I don't want 50% tax rate. I want waht we asked for, Capitalist free markets - the good and the bad, collapsed businesses and all or the right to have our representatives voice our concerns and change the form of government based on our votes.

Oh, and the spin on this will be that we will make money in the end, because all of the bad debts will have value, probably greater than what we pay now.
I don't believe this, but it buys everyone enough time to get the election over and our short memories will forget what happened here for another couple of years because it will not directly affect us immediately.
If we can shove all this crap into our children's closets, we just have to hope the door doesn't open until we are gone or maybe our kids won't be so forgiving.

[GodOfRhythm]

So you are refering to Scandanavia, Finland, Denmark & Sweden where the average tax burden on EVERYONE is over 50%. Is that the type of socialism you are refeing too? I think I will still pass.

Yeah 50%, but reckon this:



The 50% they get to keep is still pretty much MORE than the average American earns.

And when they get sick/jobless or WHATEVER they are taken care of without almost any extra charge.


How can you be AGAINST that, seriously?

[Endrik]

So you are refering to Scandanavia, Finland, Denmark & Sweden where the average tax burden on EVERYONE is over 50%. Is that the type of socialism you are refeing too? I think I will still pass.

you would pass working a lot less then you are doing right now.... having coffee breaks in every 15 minutes to chat with other folks... owning more property than you do now... when you are sick you don't pay anything... when you family has a child you don't have to work at all... when you retire you get so much money that you can travel the whole world.... you would pass on all that?
btw. they have a progressive tax system... only the rich pay over 50%, working class pays a lot less.

[thetroy]

btw. they have a progressive tax system... only the rich pay over 50%, working class pays a lot less.

THAT is what we need. Every dollar you make over $500,000 is taxed at 50% or so.

Bam - financial crisis over. National debt paid off. Underfunded schools have money. The average person doesn't have to pay a fuckin dime to fix this shit.

[Endrik]

school teachers in small villages in Norway... they to work only a couple of hours a day anyway... they make 4000 dollars a month, minimum...
still I have yet to understand what's so bad about social democracy (country taking care of their people).

Iceland which is a small island country with shitty weather and no natural resources has very strong social system... the country is very expensive but the people are wealthy.... what other form of politics would make them stay there?

[Joe_Steeler]

...or we can ask all of them other fucking nations to pay THEIR debt to us for all the money we throw at them to keep them aflot. i.e Saudi Arabia, Brazil, Kuwait, Iraq, Argentina, Rusai (yes them), Israel, 98% of the nations in Africa, Lebanon, Palestine, Egypt, Indonesia, etc. etc.
That trillion will be paid in about 30 days flat.

[OnlineStageGear]

If the average US worker were to only work a couple hours a day and get a coffee break every 15 minutes this economy would fall right in the shitter. If you tried to impose those kind of taxes on the rich here, there woul be a sucking noise as Ross Perot put it of them leaving the Country.