An argument for a MASSIVE tax increase

[jmowreader]

Everyone knows Republicans like basing their economic planning around tax cuts. It's time to go the other way--tax increases.

Huge tax increases. As in...oh, how about doubling the current rates?

Allow me to explain.

The American economy only works properly when this cycle is followed:

Step 1: The government buys really expensive things, like moon rockets or interstate freeways, from an American company.
Step 2: The company that wins the contract to supply said things employs and hires Americans, builds or uses factories in America, and purchases American-made parts for the end item the government bought.
Step 2a: The companies the parts are purchased from also employ Americans, work from factories in America and buy American materials.
Step 3: The workers buy American-made things with their money. (The companies that supply those things execute Steps 2 and 2a.)
Step 4: Everyone who touched some of that money pays taxes on it, and the government restarts the cycle when it's got enough money.

I know it works--the longest period of sustained plenty in America was between 1946--the end of World War II--and around 1964--the first year after JFK's death. Taxes were about 93 percent back then...and NO ONE was discouraged from working; more new businesses opened in that era than at any time before or since.

The private sector can't do this. No firm in America can buy 57,000 vehicles on one receipt, but that was the Army's initial order of Humvees.

Breaking away from this time-proven cycle requires the government to borrow money to fund its operations. This has two problems: it cuts down the amount of spending they can do immediately--they can't borrow as heavily as they can tax--and it screws the nation in the long run because servicing the debt becomes prohibitively expensive. (The third problem is that foreign governments like to buy American debt instruments.)

So it's time to return to pay-as-you-go economics.

[dipsydoodle]

1. The trouble with people you

is that you use common sense. :)

[MadHound]

2. Depends on whose taxes you raise

If you're advocating for a rise in the taxes of ordinary people, no, I can't agree with you. Our taxes have actually gone up in the past seven years since all those fine tax cuts that Bush implemented were for the rich, corporate and well off. In order to pay for those tax cuts, the regular working stiff was handed higher property taxes and higher sales taxes.

I can however agree to raising taxes on both the rich and corporations. They aren't paying their fair share and are receiving the lion's share of the benefits doled out by our government.

[stravu9]

3. The Tax rates Should Go Back To What They Were ...

During that Post WW2 boom.
Take a look at the book TAKE THE RICH OFF WELFARE!
It has been revised and reprinted many times,but Corporate taxes Especially have fallen dramatically as have taxes of America's wealthiest citizens.
They should pay and pay BIG!

[SammyWinstonJack]

4. Hell will freeze over first.

The Tax rates Should Go Back To What They Were ... During that Post WW2 boom.

Taxes are only for the little people, don't ya know that? :sarcasm:

Except that it isn't sarcasm, the rich really believe that.

[stravu9]

5. I Think Too..

That some of the elite were angry at "upstarts" from the working classes who would dare to compete or surpass them with talent , grit and intelligence!
Success stories like John's Must rile the privileged classes no end!
"What?! He didn't attend Andover but he beat Junior in Court?!! He won a huge settlement from MY Corporation!?!Impossible! This must be stopped!" "Who are his people?"
And so they decided to starve out the Middle Class so they could not aspire to anything more and in fact each generation is starting to get less.
Even Huckabee can see that!

[WinkyDink]

6. How about we find the missing billions in Iraq? How about we severely pare the Defense and Pentagon

budgets?
How about we stop our illegal and costly occupation of Iraq?
How about we kill the boondoggle that is NASA?

[annabanana]

7. Yeah.. that too. . . except NASA (people gotta dream, you know). . .n/t