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thoughtcrimeboss
@thoughtcrimeboss
The United States owes trillions in debt yet if any spending is cut lately it gets criticized by liberals, so I'm curious what programs are liberals OK with cutting spending on? If we cut everything liberals are OK with cutting, how much would it add up to? Or is the liberal solution to just raise taxes on the rich and not cut anything? Is there any kind of liberal roadmap to an actual balanced budget?
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MattwithouttheT 🎩
@mathew.eth
I agree that there is a lot of waste in the system that should be assessed and removed, but I think the bigger issue is revenue. The US ranks 16th out of the 20th wealthiest countries in spending relative to GDP. The solution is to raise income taxes rates, specifically on corporation and the rich. If these parties are not going to pay their employees a living wage and benefits, then they should be providing the tax revenue necessary to fund the various social welfare programs that are necessary because of it, not everyday Americans like you and me. But also, unleash DOGE on the Pentagon/defense spending. That's where the big dollars are; and that's where the greatest waste likely is.
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thoughtcrimeboss
@thoughtcrimeboss
So I heard something the other day that made me go hmmmm. That is that taxes aren't mainly about revenue at all, if it was solely about revenue the tax code would be a few pages long. Instead it's more about control and using the tax code for incentivizing or disincentivizing certain behaviors through people's almost universal desire to pay less taxes. Do you think he was right or wrong about that? After all, when the United States abuses it's position as the controller of the world's reserve currency to print money out of thin air whenever it wants to (if it wasn't the reserve currency this level of money printing would probably have caused hyper inflation years ago), then how much does tax revenue even really matter to the State when it has access to infinite dollars?
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MattwithouttheT 🎩
@mathew.eth
I still think the primary purpose of taxes is revenue, but absolutely, policymakers use it as a tool to shape economic and social behavior. That doesn’t mean we shouldn’t raise taxes on the rich, who are the exploiting their workers and passing the costs on to the rest of us. The problem is money equals influence, and as long as there is money in politics, the rich will lobby their way out of paying more.
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