Were they really? I don’t recall how significant Clinton’s tax hikes were, but I’m sure then didn’t come near reversing Reagan’s cuts. X42’s increased revenue came from the peace dividend and the tech bubble.
It could be said with equal validity that it’s a moot point what Americans believe can be achieved from tax hikes. Try it, and revenue goes down. And the more it’s tried the less ambiguous the correlation becomes.
Depends if you're talking local, state or federal taxes. It will probably necessary to raise taxes significantly at local and state levels in the near future.
Yeah, true, there's a point of no return on the tax rate/revenue collected ratio, for sure. Higher taxes can very easily decrease revenue. But at least they screw the rich, which is more important.
The thing that gets me is that to believe, as many do, apparently even freepers, that taxes should be set as high as will gain the max revenue, you also have to believe that government deserves and is better able to spend your money than you are.
I think it's crazy, but America's mindset seems to be moving steadily leftwards.
How'd your place do on Tuesday? OK, I hope.