Does overall growth matter? As our population keeps growing (more now by immigration than birth) we
better be growing to at least match the new mouths to feed. New jobs, new spending, new resources. Our economy is structured to depend on growth. Possibly a flaw in the very long term.
Since the early 1900s, the tax system went from simply funding the govt and was used more and more for social engineering. Giving breaks for things deemed valuable to our society, like married couples. That engineering as of late has twisted the system into a social justice hammer, penalize wealthy people and transfer funds to poor people. Not every aspect of government should be beating up one group to favor the good group du jour, but it sure seems that is the direction we are headed.
I am against the progressive tax brackets we currently have in place. The number of "wealthy" people who were handed wealth for nothing, ie birthright, is somewhat small, and hey, there is an asshole in every group, get used to it. Most wealthy people either busted ass or benefited from cleverness or both. They deserve what they built just like you do. Why penalize them for trying harder? Just classism? Communism-lite? Just cause they have more, society has a right to swipe more of it?
On the other side of it, people getting more tax refund back than was paid in... we have welfare programs for those that need assistance. Our tax system is the WRONG tool to attempt to help those struggling. IMO, everyone should pay a positive dollar amount to support the country they have the great benefit of participating in. Even if it is just 1 dollar. Something. We are clost to 50% not contributing to supporting the country, but still have the right to vote. With no skin in the game, voting the riches from the treasury to the people is absolutely the result. We are well along that path already. The only question is if it can be turned around or if we are on an inevitable downslope and gaining speed.
The US is #12 on debt to GDP ratio. All those countries above us are considerably smaller in population and most are in the orbit and benefit of a larger country, and that is us in many cases. The debt is only accelerating. The argument is only who is worse, not how to fix it. We will NOT solve that problem trying to skin the rich. Apart from there simply not being enough dollars there anyway, it can only be done once, as they wont be weathly anymore for subsequent years. A complete dead end, and yet, even on this board, are people who do nothing but rally the torches and pitchforks to storm down the doors of anyone in a better financial position than they are. Complete waste of time and effort.
Nobody seems satisfied with our current tax systems. Everyone seems to believe "the other guy" is pulling the brass ring with special tax protections. But all that is happening to fix it is to continue adding more special protections for "other special groups". How is that making anything better? One side says to hammer the rich with high taxes and give bennies to the "poor" (half the country
) and the other side passes shelters to help avoid punitive taxation. The situation continues to degrade. Meanwhile national sales tax, fair tax or flat tax options are considered lunacy cause it doesnt benefit me and penalize you enough to meet someone's opinion. Schools dont teach logic and thinking, social leaders point fingers and sound bites, our eyes are flooded with bullchit, and too many are lost chasing down a nirvana that never existed.
[puts away soapbox and returns to happier thoughts....]