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Posted >1 y ago
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It doesn't matter anymore. The opportunity to control and pay down the national debt passed long ago. Best hope would be to import much of the world's high-earners (tech workers and medical professionals), make them American taxpayers, convince both Americans and American businesses to change their notion of retirement age to something closer to 80, and then embrace free-enterprise economics like we mean it. But - even if that happened, I don't know that it could fix it. Certainly, we can't tax our way out either. Successive administrations and congresses have sold handouts to voters and here we are. Social security is a ponzi scheme, but lots of people rely on it. It's a bad situation.
https://en.wikipedia.org/wiki/Economics_in_One_Lesson
https://en.wikipedia.org/wiki/Economics_in_One_Lesson
Economics in One Lesson - Wikipedia
Economics in One Lesson is an introduction to free market economics written by Henry Hazlitt and first published in 1946. It is based on Frédéric Bastiat's essay Ce qu'on voit et ce qu'on ne voit pas (English: "What is Seen and What is Not Seen").[1]
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Tax payers have always been scammed by the Federal Government over taxes. But the problem is not with tax cuts. It is the way Congress mismanages the federal government and wasteful spending that has been going on for decades. For now, I'll enjoy my extra $120 ("crumbs" as Nancy Pelosi said) in my pay check every two weeks.
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