Which is the better solution to solving a state’s debt?

May 29th, 2011
Leave a comment

Question by YO!: Which is the better solution to solving a state’s debt?
Cut workers wages from their usual 40,000 to like 30,000

or

actually tax the rich that never create jobs when you cut their taxes?

(trickle-down has never worked)

So anyways.

Which is the better solution???

EXPLAIN IT THE BEST & GET TEN POINTS!!!

Best answer:

Answer by YB Logical
So, you are going to award 10 worthless points to the person who best agrees with you?
That seems to make your opinion appear to be of little value.

Add your own answer in the comments!

Tags: , , , ,
  1. bwlobo
    May 29th, 2011 at 18:00
    Quote | #1

    The most important thing about tax reform is fairness allowing people to realize their dreams. That’s what our tax code as been preventing. We’re the freest, most optimistic country in the world. We offer incredible opportunities to so many people, and yet we have a tax code and tax system that penalizes people for working and penalizes people for being entrepreneurial. We have people who come to this country to realize their dreams, yet too often it’s the tax code or other government regulations that prevent them from realizing those dreams. That’s simply not fair.

  2. whiteflame55
    May 29th, 2011 at 18:19
    Quote | #2

    Well, while I think that the slant of this question is too far (you’re basically giving us only one option, since the second option has explanation under it of why it is good), I do agree with your general solution. The big problem with reducing worker wages is that when worker wages go down, their spending in the economy also decreases. The most surefire way to revitalize an economy is to have people engaging in the consumer culture, spending their dollars in the market and letting those dollars cycle through. I don’t agree that the rich never create jobs, they do, the problem is that tax decreases or increases tend to have little effect on the amount of jobs when those taxes are on them. There’s little empirical evidence that shows a correlation between the two, and the main reason for that is because, when rich people in a down economy get extra money, they put it away for a rainy day. There tends to be little investment in expansion of a company when the economy isn’t doing well.

Comments are closed.