Our country is moving closer to it’s demise. It could be 4o years away but the warning signs are there. I’m normally not negative and doom and gloom when it comes to the USofA. But Greece is on the ropes with bonds coming due and can’t sell new ones below 21% interest rates. The EU will have to bail them out but the burden will fall on Germany and France. Why do these governments believe socialism will work? Spreading wealth is doomed to fail, it’s a slow disease that eats away at the core of the country. What does this have to do with us?
Countries start falling, they may call in on our debt. The world market is affected both on the stock exchanges and in exporting/importing of goods. Our wonderful congr-ass idiots will probably dole out aid left and right though we don’t even have money to spare for our own country. We already let Israel suck off our teat and for what? They give us enough headaches already. Let them fight their own fucking wars over stupid ass religious stuff.
The real deal is this all parallels to what’s going on now. An estimated 47% of America pays no taxes and in fact gets money back. I am one of those unfortunately. I pay in but I make so little that I actually get a “return.” This is called redistribution of wealth. Here’s my take and I’m sure their take. Say I’m rich or super rich. Let’s make it easy – I make $500,000 a year and $125,000 is taken out. That stings, I’ve worked hard to earn that money and along comes the government to take it. I don’t see a dime of that back. Add on top of that the property taxes and the numerous other ways of taxation and the remaining $375,000 doesn’t look too hot. Still, that’s a lot of money and I can be happy spending on nice things for myself. Meanwhile, the poor that feel “entitled” to this money demand more. The government itself is full of corruption and spending so they’re broke. The solution? Tax more. But whom do you tax? Why the rich of course! And to sell it you pander to the poor to whom you stir up resentment against the rich and promise handouts. The politicians voting it are generally wealthy as well but they can offset this from the kickbacks they’ll receive. They’ll take steps to hide their money too while denouncing the rich for doing the same.
The rich will stand up and yet more taxes will come down the pipe. To help offset that the government in desperation will raise taxes across the board on goods like alcohol, cigarettes, gas, water, electricity… but in silent raises hoping that no one notices. The poor get poorer, the rich get poorer, no one wants to spend the dwindling money, no one wants to manufacture items if they won’t be bought and sold, jobs will be lost because no one is buying and the cycle perpetuates.
Raising taxes has never been a smart move. Some sort of flat tax would be needed – 20% across the board. I don’t know what a fair number is but everyone pays. The poor may not contribute as much but it’s the same percentage and that’ll teach fiscal responsibility. Is that not enough money for the government? That means leaning out, cutting out entitlement programs, cutting out useless positions, better accounting, etc. This is all to our advantage.
As of right now taxes are about the same. The backhanded way of doing this will be to give more credits to the poor so they get more back. The government cries broke and will eventually try to squeeze higher taxes through. Even more plausible when attempting to shove universal health care down our throats. I don’t mind the idea, I’d love UHC. But what we have simply won’t work and I don’t know what the answer is. At the moment, much of our healthcare is already subsidized by the government. People with no insurance use the ER and ambulances like it’s free already. A lot of healthcare costs today go towards the uninsured. Just look how if you don’t have insurance the hospital charges a much higher price than the negotiated insurance prices. It’s all very sick which is ironic given the subject. Who’s going to pay for this? The rich.
It’s hard to justify wanting to make it big and get rich knowing I’ll piss away a ton of money in taxes and be constantly on the defensive. Is it worth it? What happens when the money is pulled from banks or moved off shores? What happens when you inflate the value of the bill that it doesn’t matter? What happens when you can’t pay employees or debt or utilities? Riots, breakdown of law and order, anarchy.
Who will pay when the bill comes due? We all will. :-(
