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What should the government do? Tax increases, or cut government programs like medicare?

I was adamant, that taxes had to be increased, along with government programs. It seemed like an easy solution. The Republicans wouldn't touch the taxes. I was puzzled. I have been thinking about this for a while. Why not raise the taxes on 1% of Americans? You figure that the poorer someone is, the faster they will spend their money... Therefore, spending goes up, sales rise, etc. The rich can afford paying more, and the wealth gets spread around. Then I thought of this: The rich, top 1% own most of the corporations, infrastructure, etc. If you give the middle class more income, what will happen to it? It will go right back to the wealthy, it will trickle up... Plus lets face it, most of us are middle class or below. And over 70% of the top 1% didn't inherit their wealth. They made it on their own. They know what they're doing... So who's hands would you rather put the money on? The rich, wealthy that know what they're doing... Where the money will trickle down from, because they open businesses and corporations that create jobs? Or in the hands of the middle class and below, who will spend most of that money, only to trickle it up right back to the rich, top 1%... -.- By not raising the taxes, you are letting the rich keep the money. They open new business, make excellent decisions, expand the nations business and corporations, raise the GDP, and create more jobs... Or do you give it to the middle-class and below, who will most likely spend that money with no direction, only for that money to go up to the same top 1%... Sure it would give most of us a better standard of living for a while, but... that money runs out, and not many benefits come out of it. It's like the government programs on construction. You improve roads, etc. that's good while it lasts, and then the money runs out... And the people have none of it left in a really short time. In the mean time, the rich get richer, and the poor get poorer... It's a cycle that will not be broken within my life time, within my childrens lifetime or, the following generation... So if you can't beat it... y not join and embrace it???

Asked By: Joe - 11/21/2011
Best Answer - Chosen by Asker
Before we get to deep into discussions Medicare cuts are already happening and while the left tries to place the blame on Paul Ryan and his plan to cut $400 billion, that has not even got off the ground... More
Answered By: justgetitright - 11/21/2011
Additional Answers (1)
There is some good logic here. But we do need a strong middle class that will buy houses, cars, and other consumer goods on a wide scale... More
Answered By: Jim McCoy - 11/21/2011
 
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