Yahoo Answers is shutting down on May 4th, 2021 (Eastern Time) and beginning April 20th, 2021 (Eastern Time) the Yahoo Answers website will be in read-only mode. There will be no changes to other Yahoo properties or services, or your Yahoo account. You can find more information about the Yahoo Answers shutdown and how to download your data on this help page.
Trending News
will any American give our country 2 cents?
I really want honest answers even if I agree or disagree. Given what is going on these days, is there anyone out there who has two cents to give in the first place anymore?
Our taxes are not enough to get us out of debt, any ideas on how much more we can give to our government to get us out of this over the limit debt we are in.
10 Answers
- 1 decade agoFavorite Answer
many people will. in fact, they will die to pay your tax rates. the maximum income tax in america is 35%. this is much lower than most european countries. if you were so concerned about your debt, then perhaps you should look into your military spending. you are spending $700 billion a year to blow people up in far away lands.
- Anonymous1 decade ago
I really think that we need to shrink the federal government and deregulate business operations. It would take a while to sort itself out but is bailing out the banks and creating an "economic stimulus" really going to be effective? We should have learned from the Soviets that it doesn't. What happens when the infrastructure is complete? Where do the jobs go? We have a government that is over-regulating that is large but no economy and inflation that we could only imagine. The federal government has all too many bureaus and agencies that aren't really doing much of anything and I believe that it's save to say that they aren't all that competent...if they even care at all. There needs to be a private party that goes through and decides what is working and what isn't. I would be surprised if 1/1000th of the federal government was effective.
Now, it seems that there would be massive unemployment with the layoffs of all of these government workers. Imagine if the government wasn't strictly regulating your business? Imagine if they eased up on taxes? Imagine if they didn't require you to have insurance policies that you would never use that intentionally created monopolies by lowering rates and then jacking them up when the competitors were gone? You, I and everyone we all know would be able to start businesses of their own! The reason that these companies are outsourcing is because it just doesn't make any economic sense to operate over here. Sure, you can pay an Indian a sixth of what you pay an American, but you have to cover all sorts of cost to get your company over there. It is clearly worth it to many of these companies and it isn't going to stop as long as it is so inconvenient to operate in the United States.
I am not a Republican or a Democrat and am stating history keeps showing that a large government doesn't work. It never will. Capitalism in it's finest form is absolutely flawless. There would be a job market if there wasn't the heavy duty regulation.
I realize that not that many people want such a thing and think that capitalism has failed because of this economic crisis but I kid you not, we haven't really seen true-blue capitalism in a long, long time.
Source(s): I am pretending that the economic crisis wasn't planned. - Anonymous1 decade ago
It is time to bring back Ronald Regan from the dead impeach obama and let Regan fix our economy. Also when 2010 comes around vote every Republican who is running in your district excluding the ones in Texas and their last name is Bush.
People really think that FDR solved the great depression with the New Deal but he actually made it worse. The only thing that help us get out of the great depression was WWII when the majority of the men was at war and the women was at home build war supplies.
The Liberals idea of fixing the economy is not helping at all its just a band aid on a sever leg fracture that needs to be fix. The economy is getting worse before our eyes and the media is trying to say that this new stimulus package is working when its really not. And it is raising the deficit even more
- dakota97slowparLv 51 decade ago
Don't You think we pay enough in taxes?, Income, Property, and if you are unwise enough to let the government step in at the time you pass the put everything in probate, another word for death tax. What the politicians have proved is that unlike their predecessors they do not know how to manage money. The war in the middle east is designed to drain every cent we have, look at what it did to the USSR. it does not exist any more. Soon neither will we.Only a fool fails to learn from others mistakes, soon we will be a police state
Source(s): Very recent history. - How do you think about the answers? You can sign in to vote the answer.
- ApolloLv 71 decade ago
You can never get out of debt, as every $ that is printed by the private bank (Fed Reserve) is loan to you at a fee, so you have to borrow more money to pay for that debt, which in turn creates more debt, so it just keeps on mounting up. They have got all your gold and now they want their paper back.
- golfserv2001Lv 41 decade ago
Simple mathamatics shows Obama's plan will not work. Eben if they tax us all at 75%, due to the corruption and leaks in the boat, the money will never be seen to clear the debt. The plan is to devalue the dollar so the FED RESERVE can step in and take the US over. A plan that has been in motion for sometime now.
- Anonymous1 decade ago
the federal debt isn't like you household budget
we don't need to be out of debt, in times of adversity we need debt to stimulate the economy
there is no limit, what we are doing is stimulating by expenditure so you don't suffer more in the future
we know from the depression what a disaster a balanced budget is
- ?Lv 51 decade ago
Higher taxes is one way to do it, but the taxes are usually not distributed properly in order to help get us out. That is because it gets utilized in programs not originally set for, there is corruption in our government, and our lawmakers at times give themselves raises, which makes it hard to get ahead.
- 1 decade ago
No the system is not designed to get us out of debt....our entire system of money is backed by debt.
Eventually the system will cave in.
- Anonymous1 decade ago
Yes.