The economy will adjust. Prices should fall by an amount equal to the loss in taxes. Employment will go up. But the effects will not be immediate.
The military can give up their expensive toys, stop putting troops in to Germany, Japan or any place where there is no conflict. Schools are a horrible boondoggle. We spend more money per pupil than any country in the world and our kids are dumber. The graft going on in schools nationwide is huge. The public unions have negotiated pensions so far out of proportion that states are left with unfunded pension rights of 2 or 3 trillion. That will have to come to an end either by firing school teachers or removing the pension plans. For social security, the average American has put in around $104,000 over a lifetime but the government guarantees all retirees a little over $500,000 payout. This is unsustainable whether you like it or not. With lower prices and high employment, we can raise taxes on individuals to compensate. This will not change one's standard of living. It will make people aware of just where their money goes and they can make an informed decision as to what to allow the government to do. Right now half the Americans pay no income tax whatsoever so they kick and scream when they think their entitlements are going be reduced. They always say tax the rich. I say tax everybody a little and tell them to stop asking for handouts. The idea here is to increase the total pie available to the U.S. and let is be distributed properly by free markets. You seem to think that our economy is a zero-sum game where if one entity goes up all the others have to go down an equal amount. This is simply not true and never has been. The Democrats think it is zero-sum and are always trying to give handouts to the lower income brackets. They do it to get cheap votes. They don't care about these people at all. Whether my ideas are accepted or not is irrelevant. The problems in our economy will be solved one way or the other. I think it will be done through inflation which is a way for the government to pay its bills without raising taxes as I mentioned in my earlier messages. No fuss, no muss, no decisions by Congress. We could become a third world country unless we get some tough talkers like Trump to stand up and tell it like it is. ----- Original Message ----- From: "Pete Theisen" <[email protected]> To: "ProFox Email List" <[email protected]> Sent: Thursday, April 28, 2011 12:40 PM Subject: Re: [OT] Obama's America > Nicholas Geti wrote: >> Zero > > Hi Nicholas, > > How would you fund the military, police, infrastructure, schools, and SEC? > >>> Nicholas Geti wrote: >>>> ABC is a raving liberal firm. As I said in my other post, these >>>> liberals >>>> wouldn't understand an accounting statement if it bit them. The cry >>>> "obscene" but don't present any facts from the oil company financial >>>> statements. I claim oil companies pay an "obscene" number of dollars in >>>> taxes. > > >>> What would be a "non-obscene" tax figure? > -- > Regards, > > Pete > http://pete-theisen.com/ > http://elect-pete-theisen.com/ > [excessive quoting removed by server] _______________________________________________ Post Messages to: [email protected] Subscription Maintenance: http://leafe.com/mailman/listinfo/profox OT-free version of this list: http://leafe.com/mailman/listinfo/profoxtech Searchable Archive: http://leafe.com/archives/search/profox This message: http://leafe.com/archives/byMID/profox/AE456B2D82A949C79A65A282241BC10F@dual ** All postings, unless explicitly stated otherwise, are the opinions of the author, and do not constitute legal or medical advice. This statement is added to the messages for those lawyers who are too stupid to see the obvious.
