1 year, 7 months ago
How much would you pay as a tax surcharge to balance the Federal budget?
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M$1 Answer
A tax surcharge is a proven failure and would not balance a budget, as proven in Britain where they actually ended the VAT tax. The easiest way to balance the budget is to remove some programs and stop spending money on fluff projects.
Examples of what can be changed or removed:
Make Social security changes to pre-Kennedy era Social Security. Trash the program as it is and start all over again. The SS is bankrupt and is running a constant deficit.
Up the Medicare eligibility age and Retirement ages. This will help people out in the long run since older people are working longer and living longer, they become less of a drain on the system.
LET THE PEOPLE READ A BILL BEFORE IT IS PASSED, CONGRESS reading a bill before it passes too makes sense. NO MORE Pass it before you read it.
http://www.heritage.org/research/reports/2005/05/beware-the-value-added-tax
Examples of what can be changed or removed:
Make Social security changes to pre-Kennedy era Social Security. Trash the program as it is and start all over again. The SS is bankrupt and is running a constant deficit.
Up the Medicare eligibility age and Retirement ages. This will help people out in the long run since older people are working longer and living longer, they become less of a drain on the system.
LET THE PEOPLE READ A BILL BEFORE IT IS PASSED, CONGRESS reading a bill before it passes too makes sense. NO MORE Pass it before you read it.
http://www.heritage.org/research/reports/2005/05/beware-the-value-added-tax
You can leave an optional "tip" with Mahalo's virtual currency, Mahalo Dollars. If you are asking a difficult question that might require some research, or if you'd like a wide variety of feedback, a higher tip often leads to more answers to your question.
M$
Understood that much could be done to balance the budget, but trashing SS!!!? That done, what happens to everyone who has paid into SS and is now nearing retirement? Do we cast them to the wilds to fend for themselves? How about re-vamping SS to a 401k type program with the contributors having some limited control. This comment will probably spark a new line of questions, (as it should).