GREY:VMSTF - Post by User
Comment by
LongonZincon Jan 12, 2015 6:35pm
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Post# 23311442
RE:Is Debt a Big Deal? How Much Do We Owe? Can We Pay it back?
RE:Is Debt a Big Deal? How Much Do We Owe? Can We Pay it back?And what caused the massive increase in debt...almost entirely caused from the massive tax cuts to the 1% or 0.5%. Tax rates for these individuals have dropped by more than 50% and all wealth and assets have trickled up. The debt is entirely managable if historical tax rates were applied to the rich and ultra rich, it would result in a redistribution of wealth that was the policy of the US government until Reagan altered the tax system to benifit only the rich (he called this trickle down economics). The American people are now fully indoctrinated into an anti-taxation system that is preached to them by the ultra rich. The key to getting out of a future debt crisis is, a reduction in spending, return to historical taxation structure, adoption of a single payer health care system, eduction of voters, and a ban on conservative talk radio that preaches non-stop 24-hour anti-government propoganda which is controlled by the ultra rich.