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5

Geithner: 'Privilege of Being an American' Is Why Rich Need Higher Taxes

9 comments, 368 views, posted 10:39 pm 24/02/2012 in Politics by Viscera
Viscera has 13370 posts, 1776 threads, 17 points, location: 1123 6536 5321
Jarl of Glencoe

"That’s the kind of balance you need," said Geithner. "Why is that the case? Because if you don't try to generate more revenues through tax reform, if you don't ask, you know, the most fortunate Americans to bear a slightly larger burden of the privilege of being an American, then you have to -- the only way to achieve fiscal sustainability is through unacceptably deep cuts in benefits for middle class seniors, or unacceptably deep cuts in national security."


source

Funny, I'm not the highest ranking economic officer in the country, and yet I know that there are other avenues then what he just said.

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Comments

2
10:55 pm 24/02/2012

backroom

Quote by Viscera:
I know that there are other avenues then what he just said.


Regardless of the number of avenues...
This is one that has to be travelled upon.
The others should and will see some traffic also...
But no level of spending cuts will be effective without increased revenue.

1
10:59 pm 24/02/2012

Quaektem

Quote by backroom:
But no level of spending cuts will be effective without increased revenue.



I guess it depends on what your goals are.

Also, increased revenue does not always come from increased tax rates.

1
11:02 pm 24/02/2012

backroom

Well...
At least you did not say never.
Nor did you dismiss it as a needed step.

1
11:11 pm 24/02/2012

Viscera

I am of the opinion that fair taxes with no deductibles/loopholes would be the way. I didn't pay .01 of taxes this year, surely seems silly to me. I would have no problem paying my "fair share" even though someone else decides that others should instead. But...I will not send my money to Washington abpve and beyond what I am required if they refuse to show discipline, or responsibility in regards to spending. Just seems like bad business to me

2
11:32 pm 24/02/2012

Quaektem

Woah...

It's 2012 and backroom and I are having several civil conversations....

!!!THE END IS NEAR!!!

1
3:06 pm 01/03/2012

Viscera

hey, I have ea TEOTI shirt that says that

1
3:46 pm 01/03/2012

Quaektem

You mean that well designed and completely awsome T-shirt they offer as a prize for the monthly point contest?

1
3:22 am 03/03/2012

Viscera

oh yes, I wear it on Sat mornings to prayer meetings to see the reactions, lol

1
3:36 am 03/03/2012

Quaektem

I'm rubbing off on you

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