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Thread: I got an idea...
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04-29-2009, 07:22 PM #21
Never said we should do "absolutely nothing". Look, you started this thread by proposing a flat tax rate of 12% without getting into the tough details of how we would deal with the reduced tax revenue this would entail. I'm merely saying that if you want to truly reduce government spending so that we can reduce the tax rates down to what you suggest, you need to address entitlement spending. Otherwise, dropping the tax rate to 12% will result in a drastic drop in tax revenue with no corresponding reduction in overall spending. And the only way to meaningfully reduce overall spending is to....you guessed it--reduce entitlement spending. So I'm not saying you should give up the concept of reducing spending so we can reduce taxes, but I am saying you'll never get close to the cuts you'd need to achieve through what you have suggested--won't even scratch the surface. Entitlement spending my friend-that's the ticket!