On-line purchases and sales tax - unfair?

Started Apr 26, 2012 | Discussions thread
surlyviking
Regular MemberPosts: 248
Like?
Re: On-line purchases and sales tax - unfair?
In reply to ScottnLaguna, Apr 27, 2012

Tax revenues as a percentage of GDP in this country are the lowest since Harry Truman was President. It is ridiculous what is happening on the tax revenue side of things.

However no problem on the scale of the US deficit is so simple. There are huge areas in the Federal budget that are out of control and spending needs to be cut too in order to get things in balance.

One Small Example: Defense spending. Sad to say, but the fact is that the US spends more on its military than the rest of the world combined. We are not merely the largest, but we are larger than the rest combined. The US for example has the largest air force in the world by far, the US Air Force. OK I have no problem with the US having a very strong Air Force. But now guess what the 2nd largest air force in the world is. It's the US Navy! DO we really need TWO Air Forces bigger than the next largest? Some 65 years after the end of WWII we STILL operate military bases in Europe? And Japan?

These guys blow GSA party levels of money every time they fire a single cruise missile!

Then there is medical insurance. We pay for medical insurance for all sorts of government employees, both currently employed and retired. And on medicare and for veterans. And we pay absolutely exorbitant rates! The US pays out as much per capita as Canada does, and Canada has national health insurance that covers EVERYBODY! Health care in this country costs TWICE AS MUCH per person than it does anywhere else in the world. What do you think THAT does to the budgets of various government operations? Or your family for that matter. Why? Because Congress is in the pockets of the insurance companies who jack up the coverage much faster than inflation every year. This is intolerable. A solution is needed. Now you can talk about free markets and all, BUT SHOW ME ONE PLACE IN THE WORLD THAT WORKS!

I could go on for a long time. Sooner or later though the 15 trillion dollar pigeon is coming home to roost, and unlike Greece there isn't going to be a central bank that can stand behind it.

Reply   Reply with quote   Complain
Post (hide subjects)Posted by
Keyboard shortcuts:
FForum PPrevious NNext WNext unread UUpvote SSubscribe RReply QQuote BBookmark post MMy threads
Color scheme? Blue / Yellow