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HarryReidAllAmerican Wrote: Dec 28, 2012 7:10 PM
The government will provide.
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Chestertonfan Wrote: Dec 28, 2012 7:23 PM
Phew! I had thought that you might be serious. Glad to see you are joking. What a Kidder you are Harry!
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JRusso Wrote: Dec 28, 2012 7:27 PM
But you just said that govt couldn't continually fund itself through QE, and if there are fewer taxpayers, a lot fewer, on whom do you raise revenue to fund govt?
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Duke Nuk'em Wrote: Dec 28, 2012 7:40 PM
Marxism will not provide!
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oldervoter68 Wrote: Dec 28, 2012 8:17 PM
We should ask the Native Americans how "the government will provide" has worked for them over the past 120 years or so.
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Fully going over the fiscal cliff would be the largest tax increase since World War II, according to the Tax Foundation and will result in the highest top tax rates in decades. They've composed a chart tracking marginal rates since 1954. Take a look at the end, and the size of the jump projected in tax rates:
Keep in mind that as rates have come down, average tax revenue has stayed roughly the same. Reforms to the U.S. tax code have given us one of the most - if not the single most - progressive...
The Largest Tax Increase Since World War II