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Thread: Will Taxing the Rich Fix the Deficit?

  1. -11
    Tetragrammaton's Avatar
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    Quote Originally Posted by Dolphins9954 View Post
    We just got a big tax increase with Obamacare. Now I wonder if that money will go towards balancing the budget???
    Et tu, Carlos?

    It is only a tax on people not buying health insurance. It isn't a traditional tax on income meant to increase revenue. It is very much separate from the main budget issues.
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    Dolphins9954's Avatar
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    Quote Originally Posted by Tetragrammaton View Post
    Et tu, Carlos?

    It is only a tax on people not buying health insurance. It isn't a traditional tax on income meant to increase revenue.
    It's still a tax. Which probably won't cover the costs of the expansion of medicaid. Let's say the government increases taxes the traditional way. Do you really think they will use it to balance the budget???





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    The days of Clinton type figures on spending are long gone. Over the last decade we have spent billions of dollars on homeland security, something Clinton and previous administrations didn't have to fund. Simply taxing the rich won't suffice. Everyone will have to make "contributions" while spending is reduced to try and get the economy back on the right track.
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    Quote Originally Posted by Dolphins9954 View Post
    It's still a tax. Which probably won't cover the costs of the expansion of medicaid. Let's say the government increases taxes the traditional way. Do you really think they will use it to balance the budget???
    If the deficit and debt is as dangerous as people like to claim, of course they would.
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    Quote Originally Posted by Tetragrammaton View Post
    If the deficit and debt is as dangerous as people like to claim, of course they would.
    We'll see in the near future how dangerous it will be.
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    Valandui's Avatar
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    If we were actually taxing the rich, maybe. Since "rich" means the middle class, no.

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