BOO!!! - And Fucking BRAVO !!! - A Shit Of A WaPo Editorial, And One HELL Of A Response...

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100. I appreciate your detailed response. (And I'm serious)

And without insulting me. Believe me, any time I post something that seems even slightly different than what the majority on DU thinks I get called every name in the book. Its like I missed the "Terms you MUST agree with" page when I signed up.
We continue to spend way more than we take in, and simply raising the taxes on the rich isnt enough.
So, I really do understand what youre saying. And yes, the bonds are due at different times. And also, the US public owns a lot of that debt. More than the Chinese. And contrary to what a few folks here think of me, I also think the Bush tax cuts shouldve ended when they were supposed to. But at the same time, there is a point where the rich, just like corporations, will do whatever it takes to avoid higher taxes. Its already happening in Europe. Back when we used to have 90% rates in the 50s, nobody paid that rate because we also had a million deductions. IMO, we need to do a couple things. I believe (and so does the president for the most part) that we should do away with all deductions and reduce the corp tax rate. It is one the highest, if not THE highest, in the world. If we did that, then the corps wouldnt have any reason to pay a thousand lawyers to get out of taxes. I believe that would actually raise the avg rate that corps pay from what it is now. We have a 25% rate, but nobody pays that.
Second, and here's where so many here hate me, we need a consumption tax. Not the "fair tax", more of a plain old sales tax like most of our counties use. With some sort of a check paid to cover the costs to the poorer folks. Because here's the problem with the current system: There are SO MANY people who pay little or no income taxes. And I'm not talking about the working poor. I'm talking about the cash-workers such as heat/AC folks, contractors, plumbers, mechanics, landscapers, electricians, etc etc. Sure they pay, but they also put a lot under the table. I know because I deal with a lot of them and a lot of them are friends. And a LOT of them make damn good money and brag about how much they get in cash that they dont claim. And thats not even including the illegal money from the criminal element that would now be taxed
We need more people paying something into the system. Just like the ACA was designed. EVERYBODY pays in so that lowers the cost for health care. Thats what the president always talked about when trying to get it passed. We should look at taxes the same way.