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To: USFRIENDINVICTORIA
it's easy to argue that decreasing government revenues is a good thing.

Only for those who enjoy arguing about everything under the sun.  I prefer to argue in favor of increases in my income, regardless of taxes.  Not everyone feels this way --some would rather live penniless and in squalor if it meant less taxes.   Personally, I wouldn't mind paying an extra $thousand in taxes as long as it meant an extra after-tax $3thousand in my income.  

In general, this is what's been happening nationwide.

34 posted on 07/08/2006 11:09:13 AM PDT by expat_panama
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To: expat_panama
it's easy to argue that decreasing government revenues is a good thing.

Only for those who enjoy arguing about everything under the sun.

The more money government gets, the more money government will spend. Curtailing government revenue would be a good thing. Tax cuts are good because they let people keep more of their own money, despite the fact that they increase revenues.

40 posted on 07/08/2006 11:17:07 AM PDT by supercat (Sony delenda est.)
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To: expat_panama; Dog Gone
"If liberals really want to raise money to spend, they should cut taxes." (Dog Gone)

"Personally, I wouldn't mind paying an extra $thousand in taxes as long as it meant an extra after-tax $3thousand in my income." (expat-panama)

Which is it?

According to the guy that invented the Laffer Curve, there's a limit to how much you can cut the tax rate, and still have more total tax revenue.

Laffer didn't say that taxes shouldn't go lower than that point -- even though there would be less total tax revenue.

The argument in favor of even lower taxes is easy -- when governments have too much money, they waste some of it. When they have to tighten up, that forces them to be more efficient. Also, the economy would likely continue to grow even more -- so everyone would have even more money to spend.

Dog Gone's argument against even lower taxes seems to be based on a sort of Keynesian theory -- i.e. that more government spending stimulates the economy. Sometimes, (e.g. during a depression) that's true. Otherwise, it's not.

If the left were honest, they'd be admitting that they want higher taxes to decrease the gap between rich and poor -- even if that makes everyone worse off. This could be defended on the basis of social stability -- it's much better to have a lot of people in the "middle class" than it is to have too many very rich and very poor. Actually achieving this ideal, without destroying the economy, is the tricky part.
57 posted on 07/08/2006 12:21:51 PM PDT by USFRIENDINVICTORIA
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To: expat_panama
"pay less taxes"

Agreed. I have heard normally sane people argue that they would rather not get raises, because then they'd have to pay more taxes. Nobody likes to pay more taxes, but if your total net income is higher even with increased taxes, then it's quite stupid to not want a pay raise. I suspect that most of the anti-raise people were joking or not thinking coherently at the time. I also suspect that they would actually jump for joy at a pay raise.

72 posted on 07/08/2006 2:31:36 PM PDT by driftless ( For life-long happiness, learn how to play the accordion.)
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