Posted on 01/25/2023 2:36:38 PM PST by JV3MRC
A New York Times editorial board member actually claimed that Americans should be concerned about their taxes being too low when thinking about the $31 trillion-plus national debt crisis. Yes, you read that correctly.
Binyamin Appelbaum, The Times editorial board’s so-called “lead writer on economics and business” argued that the government is actually a victim in the debt crisis that it created. “The Real Debt Crisis Is Low Taxes,” read the headline of his nonsensical Jan. 25 op-ed. It seems he realized just how stupid his headline sounded as The Times later changed the headline entirely, making it appear more benign: “America Has a Debt Problem, and the Answer to It Starts With Form 1040.” But his argument remained no less foolish: “The nation is borrowing too much but not because it is spending too much. The real crisis is the need to collect more money in taxes.” That’s a pretty arrogant way of glossing over the fact that the U.S. government spent a whopping $6.27 trillion in FY2022, which was drastically more than the record $4.9 trillion it swallowed up in federal tax collections.
(Excerpt) Read more at newsbusters.org ...
1984. These people need to end up in the dustbin of history.
Disgusting what passes as journalism and as journalists.
We need to pay moar in taxes to make sure that the Ukraine’s border is secure...
Tax the NYT out of existence.
The problem is too much spending of money they don’t have.
I wonder if they know that one of the reasons we fought the American Revolution was excessive taxation.
That’s about $94,000 for every man, woman and child in the United States.
It might be easier to charge an excise tax on “migrants”: if they want in they have to pony up a couple of million.
Applebaum should be appointed as Minister of the Department of Free Money and Abundance.
impose a ‘stupid tax’? Then Congress would be out of business.
Well good !
That’s more like it !
New York Times editorial board can raise their own tax burden , im glad they volunteered !
iirc Trump’s tax cuts were just announced as bring in more taxes just like he said...
Tax us all at 100%. See how long it lasts. It isn’t the low taxation, it is the stupid spending.
We need a special tax on people who read the Times and who own stock in it.
Oh don’t worry. Trump ensured that most will get a tax increase in 2026 when the tax cuts sunset except for those over a million. Those cuts are forever.
The income tax is sort of “interesting”. The first attempts at implementation were ruled as unconstitutional by the supreme court. The national government got the money it needed from tariffs and excise taxes.
When the income tax amendment was proposed it was sold to Americans as a way to “stick it to the Rich!”. There was absolutely no way it would have passed legislatures or ratified by the various states.
The initial rates didn’t kick in till the equivalent of about $500,000 in today’s dollars, and then only at 2% to 3%.
Today it’s 15% starting at around $35,000
Bozo (and anyone who agrees with him) should just hand his entire paycheck over to the government then.
It's not my debt. Pay your own bills.
Had technique on the forums when the usual suspects would argue taxes were too low. I’d point out “what’s stopping you? Get your checkbook out!”.
The actual mailing address, Bureau of Public Debt, Department G, Parkersburg West Virginia etc. Put “To pay down national debt” in the memo line. Now can you think of a dumber thing to do with your money?
In truth leftists are pretty damn tight with their own money. It’s other people’s money they are quite generous. This is their notion of charity and good works. Steal it from this guy, give it to somebody else. Print up another batch and devalue what remains. Borrow from China, give it to India, skim off the top, I guess. Nice work if you can get it. 10% for the big guy!
Remember, we’re all in this together!
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