Because investors will have less money.
So there’ll be less jobs. Less growth.
What good will that do you?
Jake seems delusional to the fact that once the DC Party takes money
from the rich, they will coming for his tax bracket, as well.
True, investors will have less to invest and there will be lower growth. But, after these last few months it should be apparent that you will lose the political argument when you sound like investor profits are more important than the middle class.
Any proposals to cut spending will be countered by arguments that you can avoid those cuts if only you raise taxes on the ‘rich’. One of the positives from this deal is we can make the argument that since we’ve raised taxes on the rich, now it is time to make the cuts.