Originally Posted by ijusluvit

Once again, we need to recognize that NEW taxes are not what is required. It's returning to OLD taxes, which were eliminated by the Republican administrations since Reagan.

As long as we are in Afghanistan, continue a healthy, modern defense budget, continue Social Security and Medicare, and try to invest in job creation and business growth - all things we fundamentally accept - we cannot pay the bills.

This 'redistribution of wealth' boogyman is just that. The bulk of the money needed to move toward a balanced budget is sitting idle. Some banks are holding it so they can buy more banks and become megabanks. They are refusing to lend it to stimulate business growth. Many wealthy citizens are literally sitting on billions, more than they or their heirs can responsibly spend in their lifetimes. Large amount of those funds are out of the country or used to buy property and possessions out of the country. Those folks will privately and some even publicly admit their wealth has grown geometrically because of favorable tax policies.

I'm not talking about squeezing mere millionaires here, but siphoning some funds out of the hands of multi-millionaires and billionaires INTO THE ECONOMY, where the dollars will be SPENT, creating JOBS and STABILITY, which in turn causes consumer and investment CONFIDENCE. And the ball rolls...