Quote:
| Just where do you think the money is going to come from to pay for these? Interest payments alone on the national debt is the third largest item in the federal budget. |
Spending cuts.
The reason we got into this mess in the first place is because we upped spending in economic good times, when revenues were higher. Now that things are bad, spending is too high and taxes too low to make up for it.
Quote:
| Yes, the Clintons and Bushes and all the other right-wingers think that they can take my money and give it to the wealthy. |
Except that... they aren't.
This is not "giving them money," it's "stealing less money."
Quote:
| I've never looked into the details of that, but itsounds very regressive. Don't like the sound of it. |
Except that there's nothing regressive about it. It's flat, hence it doesn't slope one way or the other.
Flat tax proposals also exempt all spending up to the poverty line, meaning people below the poverty line are therefore never taxed. Since rich people tend to spend more than poor people, they will end up bearing the brunt of this tax, anyway.