Look, healthcare cannot continue on this path. I hope we can at least all agree on that (if not then you have no place in talking). I'm not saying we need an identical plan to European behavior, however we need some sort of regulated industry. The liberal Obama plan is idiotic and will not resolve for allocated federal money that could be better laid into other aspects of our infrastructure and outstanding deadweight losses. With that said the extremely selfish conservatives wouldn't want to drop a dime to save a starving baby. So where's the compromise?
Really, are we really making arguments about taxes? God. I really hope nobody is that completely and utterly mentally unfunctionable to believe we are paying high taxes right now. Defending supply side economics is like trying to save an animal that was mutilated by a car and internal organs stopped functioning years ago. Minimal taxes will not stimulate investment enough to offset the outsourcing of our money. I really just want someone to complain about taxes one more time. Let's just have a look at this graph.
In lay man's terms we are paying little in taxes and spending a lot. It's not hard to tell that the inevitability of a tax raise is in the midst of our presence. I really don't have the time or energy to debate on the entire principality between the relationship of tax increase and expenditures so don't tell me it curbs investment because it's not true.
Where does this leave us. There are only two feasible options. Cut spending or increase taxes. It has to be a combo of both. I propose a careful dialectic procedure that will not only bring about the best of our options, but ultimately save us from this paradox of defeat. The idiocracy in here saying raising taxes is bad will only further prompt our fiscal meltdown and inadvertently cause the demise of our grandchildren's generation. The fact of the matter is we were promised a lifestyle we can't afford and those checks that most of you probably spent on something that correlates to Chinese production were a lavish waste of potential success to our financial situation. With that said, your taxes can and will rise. This is something we have to bear the brunt of. Just like after EVERY MAJOR event in financial history, we have to pitch in for a better national standing. Look at the graph and see how after the depression, world war I and II, etc taxes rose to pay for our offset. It has to happen, it will happen. It will not cripple the economy but bring us down to a sustainable level.
Delphi your point is good, but the issue has less to do with taxes. Any reputable economist will tell you it has much more to do with the VALUE of property. IE New Hampshire =. 2nd highest ranking state in property taxes. Yet it curbs these taxes by disallowing sales taxes and other forms of "burdens" (I use the term burden extremely losely) to offset the cost of property tax.(California actually has less property taxes than Texas)