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Well put Scanner.... I agree on pretty much everything except for maybe Chris Christie who I think has chopped off yet another limb from the already suffering NJ public school system and which he won't be held accountable for because the effects won't be truly realized for another decade. But that is another issue.
Budget cuts are necessary and I don't think anyone is interested in not including them, but bringing tax increases to the high end earners will still keep them historically low and will increase tax revenue with the least harm.
The wealthy are not going to throw up their hands and go 'Never mind! Let me just collect my welfare check. Enough of this working nonsense' Mostly because their living standard would deteriorate exponentially.
I just don't see it happening. Despite the fact that we now have to pay 50% tax on the small amount of income we earn over a certain level, my DH enjoys his new position and wouldn't want to say 'No thanks, I think I'll just stay down here.' nor would I give up my business just so that we wouldn't give the government a couple extra thousand dollars. Not when it means we get to keep a couple extra thousand as well.
Not to mention that when you take into account all of the tax deductions we file, the actual extra money the government gets is rather small.
Now yes, we live in Europe, but seriously, people still do go to work here (OK, maybe not so much in Greece, but in Northern Europe anyways)
Budget cuts are necessary and I don't think anyone is interested in not including them, but bringing tax increases to the high end earners will still keep them historically low and will increase tax revenue with the least harm.
The wealthy are not going to throw up their hands and go 'Never mind! Let me just collect my welfare check. Enough of this working nonsense' Mostly because their living standard would deteriorate exponentially.
I just don't see it happening. Despite the fact that we now have to pay 50% tax on the small amount of income we earn over a certain level, my DH enjoys his new position and wouldn't want to say 'No thanks, I think I'll just stay down here.' nor would I give up my business just so that we wouldn't give the government a couple extra thousand dollars. Not when it means we get to keep a couple extra thousand as well.
Not to mention that when you take into account all of the tax deductions we file, the actual extra money the government gets is rather small.
Now yes, we live in Europe, but seriously, people still do go to work here (OK, maybe not so much in Greece, but in Northern Europe anyways)
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