RE: Will The Economy Collapse?
December 22, 2012 at 6:06 pm
(This post was last modified: December 22, 2012 at 6:07 pm by median.)
I agree. Actually I'm not making a case for the reverse of communism, total free market (look what it got us into!). Rather I think the problem is not that easy to solve, given all the forces currently at work. When a wealthy man's wealth is threatened he will unite with others to keep his place.
Getting back to the OP, I'm not so sure that something like a progressive tax at this point will fix it. Aren't we too far in the hole? Wouldn't we need to decrease entitlements drastically AND increase taxes on everyone to balance the budget?
Getting back to the OP, I'm not so sure that something like a progressive tax at this point will fix it. Aren't we too far in the hole? Wouldn't we need to decrease entitlements drastically AND increase taxes on everyone to balance the budget?