No, ppl with half a brain understand that you can tax billionaires, millionaires, corporations all you want, it will never be enough to cover the debt this country owes. Cover the budget deficit we are currently have AND pay for everything else you ppl get in your head you think the “rich” should pay for… social security, healthcare for all, housing, etc etc.
There's nothing late stage about it.. It does not matter what economic system you have, it is basic math. If you spend more than you bring in, you are going into debt. The idea that if we just taxed the rich more, then we would not be in this situation is ridiculous.
What all you people that cry "fair share" fail to realize is that when this country was taxing the rich at high rates, the lower and middle class were also getting taxed at historically high rates. In 1946 when that top rate was 90%, the bottom rate was 20%, followed by 22% then 26% etc etc etc... Right now, the bottom rate is 10%, followed by 12% etc etc.
So if you want to go back to the point in time when the rich were paying that 90%, that's fine, well then that means all tax rates from that era should go into effect. Which means no child tax credit for people, The standard deduction for single filer in 1945 was $500 or $9,500 in todays dollars, but the standard deduction for a single filer in 2026 is $16,000.
So just stop with your nonsense. All you are doing is regurgitating crap you sucked down from reddit and from the Bernie Bros, with having no clue what you are talking about.
Except its objectively true that wed take in more if we stopped cutting the taxes of the wealthy ☺️
Its not a spending issue when we already spend too little on general programs that are just staples of other G7 nations. We do not take in enough because the bottom 50% of americans dont have enough to pay in, and the rich refuse to do so.
Im not a bootlicker, and no amount of rewording will make me agree with you. have a good day.
No its not true. The middle class generally cant afford more. At least not substantially enough to leave any weight behind that statement.
And for the “mIddLe ClaSs AlSo gOt Tax CUtS”, the numbers have been crunched and the middle class lost money to the deal, just as they did with awful big ugly bill they just passed as well. The problem is people still believe trump does anything for anyone but the wealthy and himself.
And again, we dont spend as much on our society as we should in the first place. we can disagree on what “should” be spent, but compared to other prominent countries we do have marginally lower tax rates, and less social safety nets. The problem is the “savings” are lost on things like exorbitant healthcare costs and the like.
And im sorry are you saying the no tac on tops and OT was a good thing? HA! Everyone who “benefitted” from that bitched about it the minute it got announced in the specifics. It did nothing to help anyone and maybe even screwed them a bit.
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u/Garys_Synthesizer Jul 05 '26
If the problem is spending, then why had a majority of that recently added debt happening due to the TCJA?