Would these fiscal changes really balance the budget and curb bad parenting?

[SeekerOfTruth007]

Easy:

1) Abolish the following state and federal entitlements:

"Earned Income Credit" (Phase it out across 5 years)

"Refundable Child Tax Credit" (Phase it out across 10 years)

Ordinary Child Tax Credit (Phase it out across 20 years)

Standard Deduction for Children (Phase it out across 20 years)

WIC (20 years phase out)

SNAP (10 years phase out)

NOBODY should get a free lunch. If you don't work for a living, you shouldn't eat. If you can't afford to retire, oh well, you should have made better life choices.

2) Cut Military Spending roughly in half and stop trying to "police the world".

I think we only need 4 or 5 Aircraft Carriers to accomplish our DEFENSE goals. We do not need 10 or 11 Aircraft Carriers.

3) Add a 5% ADDITIONAL income tax on all people making 500k per year or more, and a 10% ADDITIONAL tax on all people making 10 million or more dollars per year.

4) Abolish all State and Federal tax waivers for corporations, especially tech giants which have a 400% profit per year, but pay no Federal taxes.

This includes, Apple, Intel, Nvidia, Amazon, General Electric, and many, many more corporations which pay zero tax due to Federal waivers given to them.

5) Raise a 5% Federal sales tax on all goods except food, clothing, housing, and medication.

This would be phased in over a 5 year period, starting at 3% in the first year and adding a half-percent every year afterwards for the next 4 years. This tax would be ABOLISHED once the Federal debt is totally paid off.

6) Finally, because average lifespan is more than expected, raise an additional 1% Social Security tax to offset longer lifespans.

[strateguy632]

between a balanced budget and getting nuked by iran you prefer dying without debt. hmm.

[NathanDavis]

no, that's delusional

[fishbone77]

why are you increasing taxes?

[SeekerOfTruth007]

Because the cost of the government is so high that even cutting all entitlements will not balance the budget.

People in the United States are fucking unreasonable. Somehow, you have to raise taxes on the people who have money, AND you have to stop giving free handouts to everyone. It's not the government's responsibility to provide free clothing and food to irresponsible people.

[fishbone77]

bullshit. we have a spending problem, not a taxing problem.

[SeekerOfTruth007]

I'm better at math than you. It's actually both. We have one of the lowest tax codes in the world, yet we spend 10 times more money in a year than any other nation on Earth.

[fishbone77]

lol. who gives a fuck. then cut more.. I really don't find it necessary to have half my paycheck confiscated by a bunch of pedophiles.

[SeekerOfTruth007]

The only thing that remains which can be cut after my suggestions is Medicaid and Medicare at state and federal levels. The remainder of the spending is military, interest on past debts, and the base cost of running the government itself.

[fishbone77]

yup. that's the point. the government needs to be cut.

[SeekerOfTruth007]

That's what I'm doing here. Duh. These are MINIMUM cuts needed to balance the budget. There is no legal means to cut anything else, because the courts won't allow you to cut Medicare nor Medicaid.

[fishbone77]

Then raise taxes on everyone.

[SeekerOfTruth007]

I did. I suggested adding a 5% federal sales tax specifically for the purpose of helping balance the budget. Even with ALL of these changes, it would take 40 years to pay off the Federal Debt.

[msc545]

Terrible ideas.