> Here's where it should go: paydown of the national debt. The
younger
> generation didn't make it and doesn't want it, and the baby boomers
will be
> living long enough that it would be bad for them if Social Security
crashed.
Actually, we should be decreasing the tax rate until we get to the
point that the government revenues stop increasing. Yes, it is true
that lowering the tax rate increases government revenue. Both the
Kennedy and Reagan tax cuts caused significant increases in tax
revenue.
And when we finally get to the point that where government revenue is
maximized and we are no longer over taxed, then pay down the debt, if
there still is a debt.
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