1. I'm not saying that. I may have been unclear. I'm making a case that there is no evidence that lower taxes will lower the debt.
2. I'm also making a case that there is no evidence that higher taxes will raise the debt. The phenomenological evidence indicates we would probably have no problem raising the taxes of the top 2%.
3. I agree W and BO are the worst. But Reagan and papa Bush are a close second.
4. Right, my poor wording. As everyone knows, the D's want the rate higher for the top 2% and the R's don't, and I don't see why they're so adamant, except for selfish political reasons.
5. That's fine with me. I'll go with Clinton's 40% top rate, and the 21% to 29% capital gains tax.
6. I'm fine with easing regulations for small businesses, but as I said before it's the local regulations that are really hurting them. Yes, Wall Street is where I want the regulations the strongest, and I'm disappointed that BO is not focusing on that more.
Also large businesses are playing the loopholes and getting away with it. For example, GE paid 5.3% tax on 10 billion income, ExxonMobil paid no US taxes but did pay $17B overseas, Ford Motor: 2.3%; the list goes on.
7. Yes, Obamacare is messy. I'm on Medicare, and it is literally a lifesaver for me. Obamacare at 2,700 pages is an easy read. The IRS tax code is in 20 volumes with 16,845 pages. (About $1000 including shipping and handling.)
I think the intent of Dodd-Frank serves a very useful purpose, and if it is inadequate, it should be redone. The problem is that most members of the government are lawyers and like to write long complex documents.