Posted 7 years ago on March 13, 2013, 6:26 p.m. EST by OTP
from Tampa, FL
This content is user submitted and not an official statement
No point in increasing laws when the worst criminals all have "Get outta Jail Free" cards.
Raising the rate with 76k pages of loopholes is meaningless. Its just feel good legislation. It was a decent sized raise, and it brought in an extra 70billion, maybe, in a 3T budget.
If every 4.5% brings in 70b, then a 40% raise will bring in 700b. That only brings us halfway there.
No one is going to pay 70% in a global marketplace.
Now if they all said they had enough and left, I would be thrilled. But we would then have to make that amount up with the smaller people, and it would bury all of us.
Toss in the fact that we are completely stuck in gridlock because of ZIRP, and its quite the conundrum we are facing.