NOTE: I don't actually believe in all of the arguments I'm about to make in this thread. I'm just asking some questions. I appreciate the great minds on this board - I learn from you all.
I'm thinking about the "Bush" tax cuts that are about to expire. As a libertarian, I believe that taxation is theft. I naturally do not wish to raise taxes on anybody at any time.
With that said - something bothered me very much about the Bush tax cuts. He, along with congress, didn't find a way to pay for them first.
So when people like Rand get on tv and say that anybody who wants these tax cuts to expire must want a depression - is he correct in what he is saying?
Our government has screwed up so badly, we're probably headed for a depression no matter what. Nevertheless, which will more likely tip us in that direction? Taxing the rich a little bit more - or borrowing money, with interest, from China to pay for our massive government?
I know I know I know what you are all going to say. We need to keep the tax rates the SAME (or lower them) and cut spending.
But that's not going to happen and we all know it. Read the other thread today about the tax cuts they are proposing. The budget will be balanced in what - 30 or 50 years under that plan and people are FREAKING OUT about those cuts.
Congress just does not have the will to cut that much out of the budget. Let's be realistic - it won't happen.
So since it will not happen - which is the better move? Having 700 billion more coming in to congress to pay for these massive, wasteful, stupid big-government programs - or keeping all of those aforementioned programs anyway and borrowing money to pay for them?
It seems to me the choice is clear - it's better to tax.
If we force a balanced budget amendment and end the fed's ability to print the money to "pay" for our big government then our society will only be faced with two choices:
1) High taxes
OR
2) Fewer government programs
Then we could TRULY decide what kind of society/government we would like to have.
But until that glorious day - shouldn't we hope for higher taxes so long as the programs exist (while at the same time despising them)?
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