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Originally Posted by XLexusTech
Yes that basically what i was getting at... purely from a tax perspective this is a better outcome for 95% of the population.. So why is everyone crying about the taxes that come form Romney losing.. confused...  |
If you believe that the tax money will just be thrown into an incinerator (or given to poorer people), you might just dislike the idea of higher taxes even if it doesn't impact you.
The reality is that whoever won, chances are taxes on the higher earners would have to increase. You can't cut your way out of debt without tremendous economic issues (see: Greece), and you can't tax your way out either and both sides fundementally know this. Expect a balanced package of cuts and tax increases, none of which is drastic, but some of which may affect you in one way or another.