The national debt continues to rise

[75thru79]

Well, if somehow we could tie spending to taxes, ie if you want it, pay for it, the deficit would soon disappear.

That's called a balanced budget amendment but it's a non-starter for most politicians because it removes their ability to monkey with the economy like they all do now.

 

[JDCrimson]

So, you are saying the reason we have all this debt is because we don't tax enough. Fair enough, but you are totally ignoring spending levels. Spending is totally out of control because the one's spending the cash have no idea how to create a budget and stick to it. I would be willing to pay a little higher taxes if the federal government would show just an ounce of fiscal responsibility and stop with the clandestine NGOs.

Its not about spending as much as who is paying the taxes. Its is proven over and over again the top 1-2% pay a lower share of their income in income tax than you and I do while reaping the rewards of lower taxes and reaping the investment and capital gains of inflation.

 

[JDCrimson]

I will ask another question...

As projected, if AI displaces the middle class jobs. Who is going to pay the income taxes in an increasing AI driven economy? Our income tax system is built on personal output and production.

That is quickly no longer the case and no one in government is even considering the implications of an outdated inequitable tax system for our society.

 

[some_al_fan]

I don’t think that AI will displace middle-class jobs. It will displace some existing jobs while creating new jobs. We’ve seen that happening in the past with every new technology

OTOH, an idiot in charge, who adds tariffs and kills free trade, is a much bigger threat to the job creation