President Putin, Trump and Obama cut taxes or won't support progressive taxes.
Cutting
taxes is popular these days. Besides socialists no one wants to
increase taxes. Conservatives like to increase military spending
while cutting taxes. Insufficient means testing for social
entitlement programs basically means reductions in social spending
don’t happen in the U.S. budget much ether except for those most
weak and unable to afford lobbyists.
https://www.polygraph.info/a/fact-check-putin-russia-petirement-age-/29460246.html
https://www.thebalance.com/obama-tax-cuts-3306330
https://www.businessinsider.com/workers-wages-have-been-flat-to-lower-since-the-trump-tax-cuts-2018-8
If
one had to pay for the federal government without running a deficit,
maybe people might think its a good policy to be friendly enough with
Russia and China to enable all parties to reduce defense spending.
Military procurement items don’t last forever. They become obsolete
and stale too. It's probably better to spend on new civil
infrastructure and very fast tube trains than on shelved military items with an expiration date
(exception for B-52s of course that are good one century).
Russia has a flat tax for personal income at 13%. That would make Steve Forbes happy I would get. The corporate tax rate is 20%. VAT taxes (on imports) are 18%. Russia probably can't afford to run a vast left and right wing federal deficit, yet the state has it's own oil wells to help pay for government.
No comments:
Post a Comment