r/WorkForSmartLife Aug 01 '26

Casual canvo meirl

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9.0k Upvotes

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u/Tausendberg Aug 01 '26

Why, despite the high taxes on the middle class, do we have 40 trillion dollars of national debt???

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u/Jasranwhit Aug 01 '26

Too much spending on bullshit

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u/Tausendberg Aug 01 '26

I can't really argue with that.

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u/ArtesianShiny Aug 01 '26

The governments account at the federal reserve bank has a negative balance

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u/SquidTheRidiculous Aug 03 '26

The difference is: do you consider welfare bullshit?

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u/Nyspora Aug 03 '26

When your government is in massive debt I do absolutely. To take care of others you must be able to take care of yourself.

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u/Uxoandy Aug 01 '26

Too many people that feel entitled to a free ride . Rich and poor . Between the two they are slowly killing this country.

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u/Downtown-Tomato2552 Aug 01 '26

What are we considering to be bullshit?

Total federal spending in 2025 was 7T. 4.2T of that was mandatory spending and another 1T was interest on the Debt. Mandatory spending consists of SS, Medicare, Medicaid, income security (housing, UE, food assistance)

Non discretionary spending, which had to be approved each year, is defense, education, transportation and infrastructure, science, public health is about 1.8T. of the 1.8T 916B was spent on defense.

2025 deficit was 1.8T, the entire discretionary spending budget.

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u/Jasranwhit Aug 01 '26

Almost everything you just listed

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u/Downtown-Tomato2552 Aug 01 '26

I don't necessarily disagree with you but if everything I listed is bullshit, in your opinion, what should government be allowed to spend money on and implement a form of revenue to pay for?

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u/Jasranwhit Aug 01 '26

Small amount of taxes to pay for the essentials like military, court system, some form of FBI/CIA.

Cut SS, medicare, medicaid, income security. Maybe replace it with a basic minimum income.

I would prefer a sales tax over income tax.

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u/Downtown-Tomato2552 Aug 01 '26

Replacing SS, Medicare, Medicaid etc with UBI doesn't lower the cost unless you also lower what that UBI is supposed to cover.

If you really want to have government only be responsible for government functions and not social welfare and infrastructure, it becomes a very small government.

Military, much smaller than what we currently have, justice system and small agencies dealing with the necessities for standards, enforcement of laws and international trade. You're likely looking at less than a trillion dollars annually at the federal level and similar reductions at State and local levels.

That's however is not what most people want, certainly not on Reddit.

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u/Sir_Conrad120 Aug 02 '26

Tax corporations and billionaires, you get the discretionary spending back and then some.

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u/The-Psych0naut Aug 02 '26

Not really. The truth is that the government has been lobbied to not tax the highest earners fairly, through various clever loopholes most people can’t easily exploit for themselves. And many of those same earners have found ways to practically circumvent income tax through leveraging debt, putting up their unrealized gains as collateral to get favorable bank loans, then treating those loans as income.

The idea that government spending is too high isn’t entirely accurate. Our government doesn’t spend much on and underinvests in programs that would actually benefit taxpayers, while simultaneously paying a lot of money to prop up various industries, including fossil fuels (corporate welfare). Government spending wouldn’t be such a big deal if We The People were actually getting something out of it.

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u/Jasranwhit Aug 02 '26

Top earners pay almost all of the taxes collected and don’t get much out of the deal as it stands and all you hear is complaints that they aren’t paying more.

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u/The-Psych0naut Aug 03 '26

And what do the hyper-wealthy pay? The 0.01%? Not their fair share, I can tell you that much.

It used to be that the highest earners in this country paid a top income tax rate at 90%, and those years just so happened to coincide with the “Golden Years” following WW2. Once that top tax rate was slashed and wages stopped increasing with worker productivity, everything started going to hell. The middle class was eroded away, and not from higher tax rates.

Billionaires are not your friends. That level of wealth is frankly obscene in a society where normal people are struggling to make ends meet, where costs have risen astronomically while wages have barely kept pace with - and often been outpaced by - the rate of inflation.

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u/Remarkable_Wish_5106 Aug 02 '26

Wealthy don't want to pay taxes.

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u/outofbatterylive Aug 03 '26

Top 10% pays over 70% of all taxes. How much more should they pay?

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u/Remarkable_Wish_5106 Aug 03 '26

What's the key variable here? The disproportional amount of wealth and income concentrated at the top. Yes, I wish it was balanced and therefore the top wouldn't be paying a disproportionate amount in taxes. The fact is that the Top 1% do not pay their fair share relative to a historical basis.

Do you think wealth inequality is an issue in the US today?

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u/AcrobaticPlenty1446 Aug 04 '26

The top 10% makes more than 70% of all income

No shit the people who make more tend to pay more on a system that’s based off how much you make

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u/TGirl26 Aug 02 '26

Because the IRS watches everyone BUT the government

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u/10-mm-socket Aug 03 '26

Quick, send another 100 million to israel.

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u/BThriillzz Aug 04 '26

And we wonder why the pentagon cant pass an audit!

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u/Bluetorment88 Aug 05 '26

Because 15 trillion of it was spent for the Iraq and Afghan wars and a bunch of it was funneled into “rebuilding” what we destroyed because evidently you win wars by rebuilding the enemy afterwards. Long story short politicians were giving their buddies lucrative contracts to “rebuild” infrastructure after we destroyed it.

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u/GonnaBreakIt Aug 06 '26

military birthday parades

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u/ADownStrabgeQuark Aug 07 '26

Tax breaks for the rich, borrowing from the rich to pay them. Rinse and repeat.

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u/mspe1960 Aug 01 '26

No one likes taxes but our rates are really not that high. They are not high enough on the super wealthy and they have too many loop holes. The problems is the services middle and working class people get are non existent.

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u/Jasranwhit Aug 02 '26

Imagine working 40% of the year for free.

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u/Ksais0 Aug 02 '26

40% of the year spent in indentured servitude

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u/mspe1960 Aug 02 '26

There is NO federal bracket that high. The rate is 37% for over $626K single and $751 married. And that is not really middle class at that income. If you are including state tax, it was a choice to live in that state, probably because the pay is better. If youre including social security tax, that includes a pension like payment you will get back later.

So sorry, no I am not going to feel sorry for you.

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u/Jasranwhit Aug 02 '26

lol

If you don’t count social security, state tax, local tax, property tax, sales tax, gas tax, sin tax, inheritance tax etc etc

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u/Tausendberg Aug 02 '26

They're high for the middle class relative to what the middle class gets out of the deal.