Re:Facebook Q3 2020
by bonestormii_ on Thursday October 29, 2020 @08:17PM
(#24937711)
I'm skeptical that no level of taxation can support the government. Bill Clinton was able to balance the budget, and that wasn't so long ago.
The government collects trillions of dollars a year in taxes as it is. A significant percentage increase to the level of taxation against top earners would make a huge difference, and it is difficult to fathom what operation the government could run to remotely approach that level of increased revenue generation. What do you have in mind?
It would have to both increase its revenue sources and decrease its spending
Something is going to have to get nationalized, big bad word oh noes
Re:Facebook Q3 2020
by bonestormii_ on Friday October 30, 2020 @12:51PM
(#24944192)
Ha. I like you.
You see nationalization of industry as a pathway to revenue growth? I guess it makes sense, but somehow I always think about industries like healthcare being nationalized as a means of providing service, which is likely to cost the government more money
What industry would be profitable and appropriate for nationalization?
None of the ideology matters if it can’t budget and where we are now, no taxation will fix its budget unless it resorts to full on expropriation of property