"Rod Speed" <
rod.sp...@gmail.com> writes:
> Dan Espen <
des...@verizon.net> wrote
>> Rod Speed <
rod.sp...@gmail.com> wrote
>>> Dan Espen <
des...@verizon.net> wrote
>>>> Rod Speed <
rod.sp...@gmail.com> wrote
>>>>> Shmuel (Seymour J.)Metz <spam...@library.lspace.org.invalid> wrote
>>>>>> Dan Espen <
des...@verizon.net> wrote
>
>>>>>>> Is this the same DOD spending that got cut
>>>>>>> by agreement to settle the budget crisis?
>
>>>>>> You expect politicians in an election year to remind voters that
>>>>>> they agreed to something instead of campaigning against it?
>
>>>>>>> The other DOD cut that's raising controversy is the one I pointed
>>>>>>> a link to recently. The DOD actually wants to close down our tank
>>>>>>> manufacturing plant. They say they have more than enough tanks and
>>>>>>> parts. The GOP has been raising holy hell. They even had the nerve
>>>>>>> to claim it would cost more to close the plant than to leave it open.
>
>>>>>> They might even be telling the truth; the real issue is that
>>>>>> they claim
>>>>>> that they are interested in cutting the deficit, and then fight tooth
>>>>>> and nail against any measures that might actually do so, even measures
>>>>>> that they had previously agreed to. The elephants in the room are
>
>>>>>> 1. Congress passes laws, not the president.
>
>>>>>> 2. The real argument was never about the size of the
>>>>>> government, but about which programs to fund.
>
>>>>>> 3. Solving the budget problem requires a long term
>>>>>> solution that no major party can back out of.
>
>>>>> Nope, other countrys have fixed their deficit without doing that.
>
>>>> Hmm, did they discover oil?
>
>>> Nope.
>
>>>> Which other countries?
>
>>> Australia.
>
> And Taiwan, South Korea, Singapore etc.
>
>> Interesting. Looks like they typically tax close to expenditures
>
> Yes, that's all it takes.
>
>> and most of their tax is in income tax.
>
> Nope, that's not correct. Lots of money is raised by what
> we call council rates, similar to your property taxes with
> the exception of the money raised to pay for education,
> cops, roads etc which arent paid for by the rates, and the
> GST which is just another name for the VAT.
Got the information about the most important tax here:
http://en.wikipedia.org/wiki/Income_tax_in_Australia
Income tax in Australia is the most important revenue stream within
the Australian taxation system.
But imagine that, you _can_ tax your way out of a deficit.
I'd say in the US less than 50% of the voters believe that.
Or at least they vote that way.
--
Dan Espen