The Motley Fool Discussion Boards
Investment Analysis Clubs / Macro Economic Trends and Risks
|Subject: An interesting Fiscal Cliff observation||Date: 12/13/2012 11:08 AM|
|Author: notehound||Number: 411186 of 506021|
From an angry small business entrepreneur:
...Finally, to really drive this point home — do you know how much the loopholes, subsidies, and targeted tax tricks for the 5,000 largest businesses in this country costs us in the deficit each year? More than $1.5 trilion. Cutting all that and putting an end to lending money to banks at 0% and borrowing it from them at 2% along with a simple scaling tax rate on all income and/or purchases and/or assets in this country would instantly eliminate the entire deficit, would enable an immediate surplus and paying back of the existing debt, and full funding of a non-insurance-based universal health-care system.
I don't have any idea how much of Cody Willard's above comment represents hyperbole or exaggeration.
However, I do have a very strong suspicion that there is more truth in the statement than one might like - especially if one is a major corporation or lobbyist.
|Copyright 1996-2016 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us|