Since cutting taxes apparently increases revenue, according to the GOP, I have the simple solution to our Social Security funding crises - we cut the social security tax. Since cutting increases revenue, we should maximize this by cutting it from what it is now (what, 7.5% or something like that) to 0.1%. That should solve the crises forever - after all, cutting taxes by like 99% we should see revenue collected increase by 99%, right?
But we should write into that law a failsafe - that if the revenue actually does not go up, we cover any shortfall with an increase in the capital gains tax sufficient to cover it - no matter how high it may need to be. The GOP should, of course, agree to this immediately, because, after all, if tax cuts increase revenue, this failsafe would never actually need to kick in, right?
1 year ago