Originally Posted by phltz
In 2010 (which is the last year I can find solid numbers for), the federal government collected less money in taxes, as a fraction of GDP, than it has since the early 1950s. Estimates for 2011 appear to be even lower. Taxes are already at historic lows for the post-WWII era. On what basis do you think they must be cut further? Do you think that taxes should always be cut, or can you imagine a situation in which you would think they were appropriate or should be raised? What would that situation have to look like?
Of course I believe taxes should be raised in some cases. But when people say they would like taxes to be raised, they often refer foolishly to corporate taxes. Which, at a time when outsourcing is so common, will only serve to hurt our economy.
But maybe we should raise taxes on the nearly 50% who pay no income tax at all...
Look, raising taxes might
have some merit if the revenue were being spent responsibly. But the federal government (and some state ones) act like kids with credit cards in a candy shop. At this rate, raising taxes will only cause more money to be frittered away.
To tame the beast, we must starve it a little.