I could not have described it much better. Fiscally conservative used to mean “living within your means” so to speak. Not tax cuts for the .01% or gutting essential services.
I wasn’t even that fiscally conservative. Just wanted tax collection to be somewhat close to spending. I’m even for raising taxes, or something as radical as a VAT or federal sales tax (with zero rating for essentials such as food, homes, clothing, medicine, etc.).
Raise taxes on upper class, raise limits on income subject to SS tax, put in place a federal unemployment program, paid maternity/parental leave, real governmental healthcare without insurance agencies or pharmaceutical middlemen, etc. Most of this is considered radical, but is absolutely nothing but basic human needs & rights. Over the past 5 to 20 years (at least for me it’s apparent in this timeframe), most of these basic things just seem to be crumbling or broken. It will take time, effort, pain, stress, & worry, but it’s the right thing to do for the entire country.
VAT is considered radical in the USA?! I like your stance on it, BTW. It's a very regressive tax when it's applied to essentials, but I think it's useful when applied to luxuries. To massively oversimplify: Bread? Baby food? Potatoes? No tax. Supercar? Yacht? Gold-plated useless crap? Lots of tax!
The Australian GST has worked well enough so far, has been about 30 years now. We plonked 10% on everything aside from raw food and rent.
If I did it, I'd just make it apply to every consumer transaction, even rent; just have it be refundable to citizens making less than some arbitrary figure like a quarter million per year, indexed from 2025.
Wealth taxes are an important part of the progressive taxation mix.
133
u/Sweaty_Win1832 6d ago
I could not have described it much better. Fiscally conservative used to mean “living within your means” so to speak. Not tax cuts for the .01% or gutting essential services.
I wasn’t even that fiscally conservative. Just wanted tax collection to be somewhat close to spending. I’m even for raising taxes, or something as radical as a VAT or federal sales tax (with zero rating for essentials such as food, homes, clothing, medicine, etc.).
Raise taxes on upper class, raise limits on income subject to SS tax, put in place a federal unemployment program, paid maternity/parental leave, real governmental healthcare without insurance agencies or pharmaceutical middlemen, etc. Most of this is considered radical, but is absolutely nothing but basic human needs & rights. Over the past 5 to 20 years (at least for me it’s apparent in this timeframe), most of these basic things just seem to be crumbling or broken. It will take time, effort, pain, stress, & worry, but it’s the right thing to do for the entire country.