Forum Discussion
Yosemite_Sam1
Aug 07, 2019Explorer
westernrvparkowner wrote:
Some very interesting concepts. However, you need to define Tax loophole to begin with. Items like mortgage interest deductions, earned income credits, charitable deductions, solar car rebates etc. Are all "loopholes" under many definitions. They won't go away easily, just look at the uproar over limiting, not eliminating, state and local property tax deductions. Even if you can actually get that 1.4 trillion dollars in actual tax revenues, spending it on those programs you named would still leaves the US with a trillion dollar annual deficits. Eventually something will have to give.
I cannot say with any certainty that the US acting as world policeman is a great idea, but 80 years ago the collective world though it was a great idea to practice "mind our own business" and we ended up with Nazi Germany and Imperialist Japan. A similiar outcome with the added threat of nuclear weapons is a world no one shoul even contemplate.
No one is advocating an abrupt implementation. Are you kidding me, my bottom line will hurt too if this happens, lol.
But joking aside, Trump's deficit is $1 trillion. So conceptually eliminating the $1.4 trillion will erase the deficit with left over for debt pay down and better healthcare.
I was specific on the Gulf Straight where because of our so-called oil sufficiency makes it unnecessary for us to be patrolling it. China is still a threat but we should patrol the China and Philippine sea with other Asian countries, Australia and European countries who are having brisk business in the region. Again, conceptually and in practicality.
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