Discussion in 'Politics' started by snjmom, Aug 1, 2011.
I don't think most here will get it, or they will just deny it, but yea, it really does make quite a bit of sense. This is why when tax rates were much higher, nobody ever paid those rates, but they didn't go out and spend the money on consumer goods either, they reinvested it into capital goods that gave them an opportunity to earn even more.
To be fair, some did, boxing great Joe Louis as a shining example. It's one of those things where you have to compare the reality vs the theory and then tweak the thesis where it just doesn't fit.
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