The Motley Fool Discussion Boards

Previous Page

Politics & Current Events / Retire Early CampFIRE


Subject:  Re: Income Tax Revenue and Deficits Date:  12/6/2012  12:13 PM
Author:  twopairfullhouse Number:  658548 of 876033

Why collect any taxes at all? If we are just going to wantonly spend, and continue to amass deficits too large to every pay back, why bother? Is there any reason we are collecting taxes other than to dish out some punishment?

Squabbling over taxes allows Obama and his media acolytes to argue that he is competent, and Republicans are evil, all without addressing (or even acknowledging) the real problem of a huge debt coupled with unsustainable spending.

This strategy is working. I'd like to see Jay Leno (or any late-night comedian) ask people on the street what their share of the national debt was, and what they think it was 4 years ago. The chance of anyone realizing that the debt per taxpayer has increased from roughly $97K to $142K is approximately zero.
Copyright 1996-2018 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us