“The ultra rich should pay more, not as a punishment, but to help the middle class.”
I don’t agree. There are better ways for the ultra rich to help the middle class than throwing money at the government to dole if out. Two ways, off the top of my head:
1. Do what they do now, i.e., create jobs for the middle and lower income classes so they can rise to a higher “class”.
2. Be an example of what possibilities exist for everyone if they work hard, make good choices in life, stay motivated, etc.
Why should those who’ve made great sacrifices in life, work 16 hours a day, and achieved wealth hand it out to people who prefer to work their eight hours and then plop on the sofa and watch TV ‘til bedtime? It’s OK if they want to live lives as couch potatoes, but it’s their choice. Successful people shouldn’t pay the penalty for other people’s choices.
I don’t agree.
Neither do I. I didn't say that. FReeper entropy12 said that.
No one can create many jobs until the debt situation is under control. That national debt is not just a piece of paper. We, the tax payers pay interest every year on that debt. It is an anchor on the economy.
That money which goes to pay interest every year, should eventually go to small businesses in form of tax cuts. That method is impossible right now, because we are running very large deficits every year. Borrowing more from foreign countries to give tax cuts will make the situation worse.
Just examine how Greece got into the mess they are in. It did not happen suddenly. It was a gradual process over several years of more borrowing and more spending.