View Single Post
Old 11-15-2012, 12:45 PM   #52
rufuspaul
Kubla Kemba
 
rufuspaul's Avatar
 
Join Date: Oct 2007
Location: Charlotte
Posts: 20,299
Default Re: The Fiscal Cliff

Quote:
Originally Posted by Godzuki
how wouldn't it solve anything? the more money the government collects the more goes towards paying off our deficit....

one things for sure, they aren't going to pay the deficit off by not taxing anyone.


No. The way to raise revenue is to get people back to work. Specifically promote policies that are favorable to small business and encourage investment. You can raise taxes to a degree and certainly reform the idiotic code, but that alone won't really solve the problem.

Spending is another issue and sadly I don't think congress will ever get it right. There's such an entrenched habit of attaching pork projects to bills on both sides of the aisle that I don't see it ever getting any better. I hope I'm wrong.
rufuspaul is offline   Reply With Quote