Quote:
Why should Ben Bernanke and his friends be able to go to their basement (laptop) and make all the money they want out-of-nothing (before breakfast) without penalty while I have to hire employees, buy equipment, cultivate the field, sew the seed, water the plants, protect my plants against predators, harvest the fruits, pay my employees health insurance, unemployment insurance, mandated wages, defend against lawsuits, and find a buyer for my crops when those jerks can make money out-of-nothing? No offense, but I want to do nothing and make $Billions upon $Billions like Ben and his D.C. friends. How did he get the privilege?[/
Which brings us back to the original question- do we have a taxation problem? First we need to define what the problem is we are looking at. If it is a deficit, it is not due to taxes OR spending, it is due to taxes AND spending- spending more than we take in in taxes. The problem we have set up is now so big that the solution is also not OR but AND. If you want to get rid of the debt you need to BOTH reduce spending and cut taxes. Not popular options on either side but the only honest options out there. Ron Paul said we should not cut taxes until the debt is gone and first you have to balance the budget which I agree with. To do otherwise only adds to the problem. He also said he would not touch Social Security or Medicare expenditures but we also have to look at that too for ways to reduce the size and scope of government spending.