The Government's budget vs. ours
By TheSherd
@TheSherd (11)
United States
January 4, 2010 6:08pm CST
How can we increase our spending to stimulate the economy if the government keeps raising or adding new taxes. Does anyone have any ideas on how this is supposed to work?
3 responses
@jithinpg (87)
• India
5 Jan 10
Yes, you are correct in the point. Investing of money by citizens will help the economy grow, and the government will have an increase in tax income. By the way i'm not from US, but i have heard that US is big in economic terms, and the government is supporting new enterpreneurs. By additional taxes, the investers will be discouraged especially people are yet to recover from losses of recesion. But i think US Govt should have made reductions in tax during the recesion period. And now is the recovering time. So many enterprises had fully or almost recovered from the recesion. But a sudden additional tax will be a burden to atleast some people.
@jithinpg (87)
• India
6 Jan 10
Hm, cant say how would that bill treat normal citizens. If added taxes are imposed over the citizens very quickly, and that too during a critical time of recovering session from recession. But i think there would be some point, on the president's decisions. He might have seen something to solve the economic issues caused by sudden tax addition. We can hope the administration would atleast do something in favour of the normal people who wish to start new enterprises.
-Jithin :)
@jithinpg (87)
• India
5 Jan 10
Actually we are knowingly or unknowingly contributing to simulation of the economy by paying taxes. Every citizen are doing this by paying taxes correctly. The government utilizes this tax payments received for developing the state/country. If we need to simulate the economy by spending more money, we need to have more income. Generally governments doesnt impose too much or heavy taxes on average citizens. More luxury you have, more tax you need to pay.
@TheSherd (11)
• United States
5 Jan 10
I completely understand the need for the government to tax. However taking income as in spendable money, away from the citizen can only lead to economic downturn after as certain point. We in the US are seeing new taxes on the individual and business seemingly daily. How is taking investment moneys away from citizens going to help citizens create new jobs and revenue sources. Note that these new jobs and revenue sources will generate increased tax income for the government without raising our taxes one iota! The shortest recovery period from any recession in the history of the US was during the early 1980's when the government made real cuts to spending and taxes. All others have been prolonged directly proportional to the involvement of taxation.
@kingparker (9673)
• United States
9 Jan 10
I felt like the inflation hurting us the most. While the price on saling items keep on raising, our wages still the same, or even less than before. What would they expect. We magically turn this economic downturn around, and make it better? We still need to keep a little saving ourselves. We won't expect the government help us at all in the near future. Especially after you get retired.
