I think, so long as were not going to cut spending, the tax rates on everybody SHOULD go up. We need to tax at the rate that were spending. Everybody needs to have skin in the game.
I’m retired and part of my income is SS. I would gladly take a 10% cut so long as every government expenditure was also cut by 10%. That would mean everything including defense, social programs and all government salaries etc. In the long run such a cut would be good for me...
well I agree everyone should have skin in the game. However you won't get much going after poor people that don't pay taxes now. It might be the right thing to do but it won't counteract the spending. We should starve the beast and REDUCE taxes. Otherwise there is zero pressure to cut spending.
Also - why worry about the debt? Those young people are voting for Obama in droves. Even my own children. We have attempted to teach many of them and work for the right thing to reduce spending and debt burden on future generations. But no one is listening to us. We are old and will die out. So these young people will have to deal with the mess.
Not me. I want every last freaking dime I got coming to me after spending a lifetime working and having half of it confiscated and dumped down the government toilet for rat politicians to buy the votes of their moocher base. That social security check is my casino money.