Tax/War question

[zeitgeist]

Maybe someone can answer this for me because everyone avoids it like an STD

Why is it that everyone who supports the war in Iraq/Afghanistan dont want to pay higher taxes? I mean where is all extra this money supposed to come from? It just shows me how all these patriotic people want "victory" but yet dont want to sacrifice anything of themselves.

zeitgeist Reviewed by zeitgeist on 11-08-2008. Tax/War question Maybe someone can answer this for me because everyone avoids it like an STD Why is it that everyone who supports the war in Iraq/Afghanistan dont want to pay higher taxes? I mean where is all extra this money supposed to come from? It just shows me how all these patriotic people want "victory" but yet dont want to sacrifice anything of themselves. Rating: 5

[maladroit]

i don't think anyone WANTS to pay higher taxes, but some people who make a lot of money realize that there is going to be a lot of suffering if the gap between tax revenue and spending isn't closed

iraq and afghanistan don't cost that much in relation to other government spending...iraq is by far the largest war expenditure and it has cost less than $570 billion since march 2003...that is the exact about the the budget deficit in a *single* year in 2004, and this year's deficit will be about twice that amount...the US national debt is over $10.6 trillion now, and it will probably crack $11 trillion before george bush retires in luxury...the current fiscal year cost of interest on that debt will be about half a trillion dollars...george bush and congress have been blowing cash like a trillionaire with cancer in a whorehouse...would you 'want' to pay more tax to finance that tab? go ahead and pay extra tax on your own...the rest of the country seems content to pass that tab on to future generations...their grandkids are going to be very angry at the sacrifices they will have to make for the current excesses...americans have been borrowing money from their grandchildren to finance an artificially high standard of living

[Mississippi Steve]

I don't make anything near what could be considered "a lot of money", in fact, last year my *NET* income was $26,000 and out of that I have to pay over $10,000 in taxes. Where is the money going to come from?? I don't know

[thcbongman]

I don't make anything near what could be considered "a lot of money", in fact, last year my *NET* income was $26,000 and out of that I have to pay over $10,000 in taxes. Where is the money going to come from?? I don't know

I had to pay 37% of my income in state and federal taxes last year for about twice your income, essentially paying under $20000 worth of taxes. Thank god my taxes will be reduced under Obama and so will yours. If I'm getting a tax break, yours will be bigger.

[maladroit]

the canuck government has been running budget surpluses for over a decade (including this year), and they are using tax dollars to finance hunt-and-kill missions in afghanistan...i am paying too much tax for the wrong reasons

[GoldenBoy812]

the rest of the country seems content to pass that tab on to future generations...their grandkids are going to be very angry at the sacrifices they will have to make for the current excesses...americans have been borrowing money from their grandchildren to finance an artificially high standard of living

This is a common misconception. Around 75% of all US debt is held internally. That means that 75% of treasury yields go to America and its citizens in one form or another. Hardly the zero sum game you make it out to be:jointsmile:

[Markass]

We shouldn't be policing the world in the first place...:thumbsup:

[GoldenBoy812]

We shouldn't be policing the world in the first place...:thumbsup:

This is true. Imagine if the money spent in and on Iraq were to be spent improving the American security infrastructure. The US lost out on trillions upon trillions of dollars in growth because of that very bad decision...

[maladroit]

even if all the $10.6 trillion debt is held internally, it still has to be paid back by future generations...that isn't a zero sum game per generation

[Stoner Shadow Wolf]

even if all the $10.6 trillion debt is held internally, it still has to be paid back by future generations...that isn't a zero sum game per generation

im confused... what is this "zero sum game" and such?


isnt it obvious that future generations are the ones who have to pay for everything the old farts do before they die?