The Next Big Crash - Are You Prepared?

[freedom]

I recognize that wealth transfer is necessary. At least the disabled ones receive wealth from someone else.

Today, problem in US is not about minimum necessary, but how much more should the riches be taxed to transfer to the poor?

As for there isn't enough opportunities for business investment in US, I don't believe it. Is US so advanced that it does not require any further improvement in anything? As for job opportunities, there are plenty, too. There are still lots of Mexicans coming to US for jobs. So how could we say there isn't job for Americans?

Well, i do think there should be higher taxes on the rich, but not to distribute more to the poor. The US is now deeply divided and i do think that there needs to be a sense of shared sacrifice to bring the fiscal house in order. But to cut entitlements now would be a death sentence to many who depend on it and would probably derail the US economic recovery. In the end, i think entitlement cuts are necessary, given the stupid execution of their social security system in the past, but it has to be done together with higher taxes.

Entitlement cut is always painful. Ask Spaniards and Greeks. The solution is not more and continued entitlement, but to join the workforce.

There was a time when everyone hates entitlement so much that they preferred working multiple jobs.

What the government really should do to help the poor is to reduce minimum wage and subsidising the business owners to employ Americans. At least it's much better than to simply distribute the money and letting the Mexicans take the jobs.

As for tax raise now, I am always against it. The tax is high enough for the riches and middle class. They should cut it, and encourage business investment.