eflatminor
Classical Liberal
- May 24, 2011
- 10,643
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Yeah and you sound like the wealthy are going to actually feel the slightest bit of pain from having to pay more.
This isn't about pain. You said the wealth don't pay their fair share. I showed you how that assumption is patently ridiculous.
But, if you want to talk about pain, how about asking the guy that works at the shipyard building yachts for rich guys or maybe the woman who works at the private jet company. When taxes on the rich increase and they delay or forgo purchases on luxury items, who feels the pain? The workers do. When tax increases push the rich to invest overseas or to sit on their capital, who feels pain? The rich guy or the person trying to start a new business, looking for capital investment?
Bullshit. As I pointed out to your previously, raising tax rates on the rich often results in LESS tax revenue to the government, meaning, higher deficits (since nobody's talking about cutting spending). We saw this in France, the UK and California recently. We've seen it many times in America's past.
Sell this turkey, what is the benefit to rest of us to allow the Chinese job creators more cash on the national credit card?
By keeping tax rates low, investment overseas is curtailed. If you want the Chinese to take fewer US jobs, the worst thing you could do is raise tax rates.
It's a spending problem, not a revenue problem.
Trickle down, dump the poor, pretty much what I expected from you.
You saying tax receipts increased following tax rate hikes in California, France and the UK? You saying raising tax rates helps keep capital here in the US. Keeping tax rates from rising on anyone is "dumping the poor"?
We are used to lefties launching ad hominem attacks when logic and reason fail to support their arguments. You can jump in with that crowd or keep and open mind. Your choice.