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bhouston 2 days ago

Also please add as an option: raise taxes on the wealthy individuals and corporations back.

https://inequality.org/article/11-charts-tax-wealthy-corpora...

This is really ambiguous:

"- stopping fraud"

And can mean many things. On the right, it often means Somali daycares, on the left it means the underfunding of the IRS so that it doesn't do audits of rich people.

I find this to be mostly a distraction:

"- figuring out how the net worth of people in Congress increases from hundreds of thousands of dollars to 10s or 100s of millions of dollars"

We should ban stock trading by members of the government, the Ro Khanna bill, but while it can be a source of corruption, it isn't a major source of inequality in the US.

This is unclear, can you be more specific as it has different answers based on one's partisan leanings:

"- addressing wasteful and ineffective programs"

I think a lot of the distortion of US policy towards the rich is a result of Citizens United and similar unrestrained lobbying funds.

roughly a day ago | parent | next [-]

“Raising taxes” is a misnomer - “restoring taxes to the level they were when we were deciding how to allocate tax revenue” is more accurate. There’s plenty of other causes of the deficit, but “Congress deciding not to take money from wealthy people and corporations to fund the services they’d promised to the rest of us” is the core. We don’t have a budget deficit, we have a tax revenue deficit.

brightball a day ago | parent [-]

We have nearly doubled the federal budget over 10 years. It is a spending problem and a spending problem alone.

https://news.ycombinator.com/item?id=48633650

roughly a day ago | parent [-]

This presumes that federal spending is a bad thing.

brightball a day ago | parent [-]

Spending more than you have is bad. Inflating the currency making everyone poorer to pay for it is worse.

This is basic economics.

Yes, excessive federal spending is bad.

doxeddaily 11 hours ago | parent | next [-]

I'm with you, these people you are arguing with just want to spend us into oblivion. If people think we've had high inflation up until now well... we are just getting started.

roughly 19 hours ago | parent | prev [-]

“Spending more than you have” is an equation with two terms in it, and that is my entire point. You’re focusing on the one term, I’m focusing on the other. Do you have a reason for saying the current amount of spending is bad other than that it’s not adequately covered by tax revenue?

brightball a day ago | parent | prev [-]

https://news.ycombinator.com/item?id=48633650