Question by The £mperor: How will it all be paid for?? What kind of Change?? Jimmy carter change or Ronald Regan change??
well the Democrats have promised everything. from Healthcare for all 47 million Americans who dont have one, more welfare, more prescription medication and foodstamps/vouchers for those who do not work because they refused to go to school, signing Kyoto Protocol, Law of the seas treaty from the UN and using the cap and trade system to end global warming.
All sound like good ideas. But how will it all be paid for??
Raising Corporate Income tax
America collets 35% of coporate incomes. China is 25% and india is 30%. Hong kong which is part of China is just 16.5% http://en.wikipedia.org/wiki/Tax_rates_around_the_world So what do you think will happen if the American Corporate Income tax is raised??
Do the Rich really not pay enough taxes??
http://www.taxfoundation.org/files/wp1.pdf WHO PAYS TAXES AND WHO RECEIVES GOVERNMENT SPENDING? UPDATED IN MARCH 2007.
To cut your time, refer to pages 22-25, 27-31, especially 34 and 38. you can read the whole thing if you want. Also see http://www.taxfoundation.org/news/show/250.html Latest Federal Individual Income Tax Data
Global warming. http://www.ecoearth.info/shared/reader/welcome.aspx?linkid=88838 Japan, Spain, Italy Face $ 33 Billion Kyoto Payments . Imagine what the US will pay.
America is in $ 56 TRILLION debt to its self and other countries that compounds at a rate of $ 2.5 Trillion a year.
The cost per U.S. household of unfunded promises made by federal, state and local government: $ 516,348. That means that every household in the US owes $ 516,348, then add you personal debt like credit cards and house/car payment. THINK I AM KIDDING?? http://www.usatoday.com/news/washington/2007-05-28-federal-budget_N.htm?csp=34 USA on the hook for $ 59 trillion.
How will it all be paid for??
Answer by Big Daddy
Hopefully not the Carter change
What do you think? Answer below!