The tax revenues are lower and the dems think that raising the rates will produce more revenue. That’s how nuts they are. Raising taxes will cause flight/strikes in these conditions because the productive are seeing the scales tipping to reward the looters and moochers. “Wealth” has to be produced before you ‘redistibute’ it.
Might as well send each person a bill for their tax burden rather than the voluntary system we have now.
I chose not to pay the 12% F.E.T. on the trailers we built by simply not building the trailers anymore.
Easy squeezy, Lemon peasey!
““Wealth” has to be produced before you ‘redistibute’ it.”
This seems to be the element of capitalism that is beyond understanding for many progressives, including the president. They act as if wealth or income are just “there” and the only decision that must be made is how to split up the pie. They seem not to grasp that every dollar shifted from taxpayers to nontaxpayers shrinks the size of the pie by diminishing the incentives to work in the first place. Every dollar transferred costs the economy about 30 cents in lower output—an efficiency loss that is entirely overlooked by their preoccupation with “fairness.”