[DTxAg]

I'm not sure I could support cuts in government spending. After all, whats to prevent future presidents/congresses from ratcheting the spending right back up again, perhaps to levels even higher than we have now?

And how do you feel about imposing a new tax never imposed on the American people without anything limiting increases in that tax or limiting increases in the other taxes that are supposed to be reduced by implementing the new tax? How many situations like "Please Mr. Reagan sign this amnesty bill and we'll start securing the border soon" moments do you need before you realize you can't trust Congress with anything long-term, especially keeping existing taxes low? If you give Congress sales taxes and income taxes, you'll be stuck with both forever. I won't vote for anyone proposing both taxes (unless it's Cain vs. Obama, and then it's Cain all the way).

[kevao]

How do I feel about it? I feel a plan like Cain’s will be our best, and probably last, chance to save ourselves from total collapse. The 49% that today pay no federal income taxes, used to be just 35%, then 40%, then 45%. Pretty soon that 49% will be 50.1%, and if we still have this same tax system at that point, it is GAME OVER.

We minority of working suckers will forever be outnumbered at the ballot box. The tyrannical free-loading majority will keep voting for and insisting on higher and higher taxes us who are paying for it all.

I’ll tell you this: within a few years, when today’s 49% becomes 50.1%, we’re going to see top marginal federal income tax rates going back to 90% or more, capital gains taxes going through the roof, massive taxes applied to 401(k) and IRA withdrawals, etc.

And it will be due to the stupidity of those who don’t see this obvious train wreck coming and realizing the only hope of stopping it is to get *everyone* paying some federal taxes so that *everyone* will feel the pain whenever Fedzilla proposes more spending binges.

If you want to cling to the current corrupt tax code out of fear, then embrace the above scenario, because this is your future. It’s not some hypothetical that might happen in the future. It is *already* happening right now, and the magic tipping point (50.1%) is only just a few short years down the road. Enjoy.