Just tax billionaires and we can have all of the above and a surplus budget.
this post was submitted on 16 Nov 2023
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How about we tax billionaires and also not give giant gifts to defense companies every year?
unless conflicts end worldwide I want my country to maintain the highest level of military technology and local capacity to ramp up if needed. That being said I don't want my country involved with every conflict in the world.
If the USA wouldn't be randomly invading countries every few years, they could keep the same level of military technology while spending much less.
The Iraq war did nothing to increase the US military's capabilities but just wasted enourmous amounts of money while killing civilians on a daily basis.
Yeah but it also gave us the Saddam Hussein outline meme.
Trillions well spent.
NCD user spotted
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As a Finn I don't want the US to stop fully... but they have a huge amount of excess, it's insane how much money they waste
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Good news, they could reduce it by 400 billion a year and still spend more than the the other 3 biggest spenders combined
If it's at the expense of everything else that could help the state of the country and quality of life, what's the point?
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I'm pretty sure the U.S. can do that without an $816.7 billion defense budget, much of which goes to giant corporations, and without being larger than the next 20 militaries combined.
How about we do a $400 billion defense budget and only be larger than the next 10?
, much of which goes to giant corporations, and without being larger than the next 20 militaries combined.
The biggest expenses, by far, are personnel costs and maintenance. The idea that the defense budget is a giant gift to contractors is just not backed up by evidence.
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I want my country to maintain the highest level of military technology and local capacity to ramp up if needed
There is N-word that will burn some asses: nationalize.
Watching Ukraine absolutely stonewall Russia using cold era tech has been incredible. Imagine what modern equipment could do. I can't wait to see what happens when they get f-16s, which were developed in the mid 70s by the way.
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not give giant gifts to defense companies
There is N-word that will burn some asses on lemmy.world: nationalize.
Yeah, because that for sure will stop other world powers from arming themselves and attacking others.
And to answer upcoming question: why we should care not others instead of ourselves. No one attacks us militarily (we are attacked via hubris warfare with disinformation such as this though) because we are armed.
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Not just billionaires; corporations.
If we consider corporations people (and the Supreme Courts says we have to) then we should tax their income. That means total income, not profits because I don't pay taxes on what's left over after my bills, so why should corps get to?
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We would have money for both if we taxed the rich.
This is the thing that really drives me nuts.
It's not either/or. That's the billionaires' argument.
The USA spends twice as much on public healthcare than it does on defense.
(Medicare and Medicaid = 1.4 trillion per year, vs. defense = 700 billion per year)
The problem isn’t that tax money is being used for defense.
The problem is that healthcare prices are insane in the US, and that the government isn’t allowed to negotiate lower prices (even though they have the weight to do so).
The real problem is that US insurance/healthcare was specifically designed to tie you to an employer.
Absolutely true. In the late 40s, when other countries were setting up public healthcare, we didn’t do it because we didn’t need to since employers offered healthcare plans. So it didn’t happen for us. Now there is no political will, because employers LOVE the leverage it gives them.
DoD spending was $1.8 trillion in 2023, of which $700B was “discretionary” spending. Medicare and medicaid spending was $1.6 trillion, of which $0 was discretionary.
and that the government isn’t allowed to negotiate lower prices
I'm not even sure how it works. This sounds like any company can sell any bullshit to medicare and they have no choice, but to buy it.
I don't live in US, that's why I'm asking.
Kind of funny that it’s an F-16 used here. The 22 or 35 would have been even more apt as an example.
Yeah, the F16 is one of the best examples of a fighter that can do nearly every role competently while being reasonably affordable. There is a reason so many countries bought it.
Plus it's been going for 50 years.
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An F-35 would have been better for this picture, but still a good meme.
Edit. Shit someone else said this
Dumb Russian propaganda.especially that the equipment we are sending we would have to pay to dispose.
Besides one doesn't exclude the other and GOP wants to cut it no matter what.
Also stuff like Medicare for all would actually save money. Social security is another pool of money separate from other taxes and working people pay for it. Aren't student loan cuts actually a good thing? What is job opportunity cuts? What are legal services cuts? At least in my school school lunches expanded and include all children regardless of income.
Edit: for those downvoting, here's why it is dumb: https://en.wikipedia.org/wiki/Expenditures_in_the_United_States_federal_budget just for Medicare alone we already spending the same amount as for the defense.
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No, you can have all those but it would result in a rounding error for the rich
Medicare isn't old enough to have paid for the F-16.
Wow I guess the whole point is moot.
Make another one except for corporate fat cats and the rich getting tax cuts.
I live in a first world country, so can anyone tell me what a food stamp is? I've heard a lot about them from TV, but I don't understand wth it is. Is it discounts that the government pay for food, who makes them, where do people get them?
It just means that the goverment will give you money to buy food if you're poor.
They used to be stamped paper cards, hence "Food Stamps", but are now distributed via debit cards. The name stuck, even though current programs have different names
Sorry you're getting down votes for just asking a question
The other comment reply got you your answer, but I'll just add that these days, I believe "food stamps" are under the government acronyms of SNAP (Supplemental Nutrition Assistance Program) and are dispersed via EBT (Electronic Benefits Transfer).
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Sadly truthful
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