thinking that the 30% we pay in taxes is really OURS! Well, it isn't.
[
Mythbusters]Well, there's your problem.[/Mythbusters]
You seem to think that the government is supposed to be some all-powerful nanny provider and whatever pittance we receive from the government is only due to their mercy and generosity. Well, I'll let you in on a little secret...come closer so I can whisper it...
closer.........
IT'S NOT! We the people make the money. We the people run the economy, and without an economy, the only way the government can get any money is by printing it, and of course, that way will only end in disaster. Sure, taxes are necessary, but taxes that are too high only stifles growth, and will actually reduce the very revenue the government tries to collect. And raising taxes further will only exacerbate the problem. It's like the chinese finger puzzle. Try to pull your fingers apart and you only tighten the grip, and if you pull too hard, you'll only tear the thing apart (if it's a cheap one, that is).
Now, let's go the other way. Since you like taxes so much, how about we raise them, to....say....100%. I mean, it's the government's money, right? Why should we lowly peasants be able to keep anything at all when the blessed government is in such massive debt? Oh wait, I forgot. You just want to tax all those eeeeeeeevil rich people who are committing sacrilege by having too much money.
Now, let's say that there was a 100% tax on the rich (or in your eyes, anyone making more than you), and we somehow managed to collect just enough to pay all of our debts. What about future debts? I mean, the government isn't going to just stop all spending once they pay off their debts now. Nooooooo. They'll go into overdrive. How will the government pay for them, since there's no more money left to tax, and the economy would be non-existent?
And finally, if it is the government's money, why should we work at all? If all of the money is just a gift from up on high and not earned from hard work, then why even bother? We'd just sit on our lazy rumps and let the Great Pumpkin shower us with ponies and rainbows and everyone will be happy and will have no cares in the world. Well sorry, bub, it doesn't quite work like that, as you'll soon discover if you ever get your way. In reality, the resulting inflation will devalue the dollar so much that no one will buy our debt anymore and the country will be bankrupt in a decade...if we're lucky.
And no, raising taxes will
not work at that point.