I guess it is just beyond the mental capacity of democrats to even think that cutting spending works better then increasing taxes.
Yea ol’ economic standard ... increasing taxes lowers taxable income coming to the government, lowering taxes increases taxable income coming to the government. Basic Icon 101. But, I guess, lowering the burden is not the object ... making the US a third world country is the ultimate goal.
RE: increasing taxes lowers taxable income coming to the government, lowering taxes increases taxable income coming to the government
Liberals always think STATICALLY. To many of them, it’s a numbers game. If I tax N number of people $10,000 more, the additional revenue will be $10,000 Times N.
They never ever think how people RE-ORDER their lives, businesses and work habits to ADJUST to the tax laws so as to LOWER their tax burden, which eventually means — LOWER REVENUE.
To the lib, the economy is one FIXED pie, where when the rich people get a huge percentage of the pie, the rest of the masses will be reduced to NIBBLING at the small edges.
They never, ever think of INCREASING the pie so that more people get a larger chunk instead of having to nibble at the edges.
Taxes and the Economy: An Economic Analysis of the Top Tax Rates Since 1945