Sure, no problem. A tax-cut is the government taking less of my money from me, so if I were to return the favor all I have to do is tell the government to give me less social security, farm subsidies, and other similar welfare payments.
OK, this isn't the intent of post 34. I worry that the intent is a lot worse. I hate to think that the phrase "repay the tax cut" assumes that all wealth belongs to the public and any tax-cut is a gift from the government to the tax payer. My position is that wealth belongs to those who create it, and it is the tax that is the gift --from the individual to the government.
You can't "repay the tax cut" to the government any more than you can "repay a discount price" on a bargain at Wal-Mart.
Remember, I'm curious what you do for a living. With your concern for the government's revenue I wonder if you are a government economist.
Inquiring minds want to know. Thanks.
Sure, no problem. A tax-cut is the government taking less of my money from me, so if I were to return the favor all I have to do is tell the government to give me less social security, farm subsidies, and other similar welfare payments.
OK, this isn't the intent of post 34. I worry that the intent is a lot worse. I hate to think that the phrase "repay the tax cut" assumes that all wealth belongs to the public and any tax-cut is a gift from the government to the tax payer.
The repayment of the tax cut was not a serious proposal. I simply said that it is the only way to guarantee that the next generation does not get burdened by the additional debt. It was in response to Toddsterpatriot's stunning proposal that, because the government can borrow money at 4% whereas regular people must borrow it at 8%, a $100 billion tax cut represents a yearly $4 billion tax cut that will benefit our children as well as ourselves. That is unless we spend it all! HAHAHA, the next generation are such suckers!
You say that you worry that my intent is a lot worse. Likewise, my worry is that the intention of supply-side theory is much worse than a misguided attempt to create a free lunch. I worry that it is purposely intended as cover for being fiscally irresponsible and passing the check to the next generation.
My position is that wealth belongs to those who create it, and it is the tax that is the gift --from the individual to the government.
Yes, and the services provided by the government, including our military, police, firemen, and courts, are gifts from the government to the individual. It is valid to debate what services the government should provide and exactly how they should be funded. But to suggest that all taxes are "a gift" is pointless.