General Discussion
In reply to the discussion: If we want Medicare to work we are going to have to raise Medicare taxes and premiums. [View all]kentuck
(115,451 posts)Or just those above a certain income level?
What would be wrong with cutting Defense budget by $200 billion per year? That would give us back $2 trillion dollars over a ten-year period. And we would still have a larger defense budget than during the Cold War.
What would be wrong with raising taxes on those folks that only pay 14% on millions and millions of dollars of income (earned or unearned)?
What would be wrong with raising the tax rate back to Clinton levels and closing the tax loopholes? Nobody pays the top rate anyway. How much revenue are we losing with our present tax laws?
And what would be wrong in raising the present capital gains rate back to 30%? And raising the limit on FICA taxes to $250K or doing away with it completely?
That is not socialism. That is basic fairness.
on edit:
This is about priorities. It is not about too much spending.