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Liberal jackasses: "I refuse to acknowledge there is any such thing as a negative economic consequence of a too-high tax rate. Therefore I propose outrageously high tax rates on everyone who has more money than I personally feel like they need."
Conservative jackasses: "I refuse to acknowledge there is any such thing as a negative economic or government-debt consequence of a too-low tax rate. Therefore I propose extremely low tax rates and declare government can and should simply slash its spending on anything and everything."
Every modern economist in the world will tell you you have that wrong/backwards, as far as the federal government is concerned. In recessionary times, the federal government wants, no, needs to run a deficit, and uses tax cuts to achieve that, including the Obama & Pals.If the govt runs a deficit all those taxes go up and if we have a surplus it goes down.
Not at the federal level we don't.We pay our fucking bills.
I like the idea of having a negative income tax and getting rid of entitlements.