The Bush tax cuts applied to all people that paid taxes, not just the wealthy. You can eliminate them all and tax those 1% the lefties so despise and wouldn't put a dent in the deficits. You would, however, further impair economic activity. And those wealthy 1% would move to other countries where they're more welcome.
For all those folks that don't think taxes are high enough, when have we or any other country taxed ourselves out of massive debt? You can't do it. You could steal 90% of the wealth of everyone and you still wouldn't be able to keep up with the voracious appetite for funding required by progressive governments. They only way to pay for the government of the size that lefties want is to grow the private sector, which they're incapable of doing. On Jul 1, 2011, at 4:34 PM, mex sara wrote: > bit late to worry about tax cuts for wealthy people > > On Sat, Jul 2, 2011 at 12:29 AM, <[email protected]> wrote: > $1,000,000 > x 100 years = $100,000,000 ($100 million) > x 365 days = $36,500,000,000 ($36.5 billion) > x 24 hours = $876,000,000,000 ($876 billion) > > That's only $0.876 trillion, so you'd need a phew more decades. > > And there's interest payments, which would be many times more than the $1 > trillion principal. > > -----Original message----- > From: mex sara [email protected] > Date: Fri, 01 Jul 2011 14:14:11 -0700 > To: StrataList-OT [email protected] > Subject: [Stratalist-ot] so many things gobsmack me but this is todays > > > so in the paper today i read if you need to pay back a trillion dollars and > > you to it at a million an hour ... > > > > it will take a one hundred years ... is this true ? > > > > mx > > > > -- > > You received this message because you are subscribed to the Google Groups > > "StrataList-OT" group. > > To post to this group, send email to [email protected]. > > To unsubscribe from this group, send email to > > [email protected]. > > For more options, visit this group at > > http://groups.google.com/group/stratalist-ot?hl=en. > > > > > > > > Francis Drouillard, PE > Novato, CA 94945 > > > -- > You received this message because you are subscribed to the Google Groups > "StrataList-OT" group. > To post to this group, send email to [email protected]. > To unsubscribe from this group, send email to > [email protected]. > For more options, visit this group at > http://groups.google.com/group/stratalist-ot?hl=en. > > > > -- > You received this message because you are subscribed to the Google Groups > "StrataList-OT" group. > To post to this group, send email to [email protected]. > To unsubscribe from this group, send email to > [email protected]. > For more options, visit this group at > http://groups.google.com/group/stratalist-ot?hl=en. -- You received this message because you are subscribed to the Google Groups "StrataList-OT" group. To post to this group, send email to [email protected]. To unsubscribe from this group, send email to [email protected]. For more options, visit this group at http://groups.google.com/group/stratalist-ot?hl=en.
