tag:blogger.com,1999:blog-6492542366661862113.post1976116482826331983..comments2023-10-31T01:32:09.169-07:00Comments on The Housing Time Bomb: Fight of the Century: Washington DC vs. The Bond MarketJeffhttp://www.blogger.com/profile/04450070920047311928noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-6492542366661862113.post-54772200361320667562010-12-08T23:22:26.373-08:002010-12-08T23:22:26.373-08:00Anon
I couldn't agree with you more.
Not tax...Anon<br /><br />I couldn't agree with you more.<br /><br />Not taxing the rich is more of a "princible" issue if it's the only way to get things done in DC.<br /><br />You share the same ideas that I do. However, I try to be realistic when it comes to how things will play out.<br /><br />I want to scream bloody murder just as you do when I watch this fiasco. Unfortunately, change is slow and it will take time.Jeffhttps://www.blogger.com/profile/04450070920047311928noreply@blogger.comtag:blogger.com,1999:blog-6492542366661862113.post-41126893296724063802010-12-08T19:57:18.161-08:002010-12-08T19:57:18.161-08:00This is perhaps the first time I have disagreed wi...This is perhaps the first time I have disagreed with your posts...<br /><br />It is not clear to me that even the very rich need to be taxed more progressively. Why do we need to discourage productivity, even at the highest end? Buffett is a crazy old liberal now… his opinion means nothing.<br /><br />Why not a flat tax with no deductions? Why not a VAT to mitigate the deficit? It is better to discourage consumption in this consumption crazy society than to discourage productivity. Growth is the only long-term hope as growth is the real reason debt has never been a constraint in the past. If growth stops, the economy will collapse.<br /><br />Finally, taxes can never pay for all the spending. The real answer is to cut spending. And I mean cut spending in a substantial way! There is no choice. The longer we wait, the worse the pain.Anonymousnoreply@blogger.com