The last thing we need is to raise taxes, which would further hamper our economy when we need growth in the face of rapidly growing China and the East.
What we do need is to cut government spending, especially social welfare, of which first and foremost should be Social Security and Medicare.
Oh, didn't know it is that simple, but incompetents everywhere :)
So that's certain? How does the tax development over the last 5 centuries look? Won't this just make the rich richer and the poor, who already struggle a lot, poorer? There are a lot of different ways to distribute tax load...
Yeah, haha, that's right. That's why democracies in the 2021st century and 2020th century do. Look at EU, growth at 1% per year in Real GDP. US real GDP lower and lower over time
What we do need is to cut government spending, especially social welfare, of which first and foremost should be Social Security and Medicare.