To: William Tell
But that is not the contention. The contention is that lowering tax rates from 36 to 34% increases tax revenues, because people who felt that there was no point in working or generating economic activity when rates were at 36%, suddenly become productive economic dynamoes when rates hit that new threshold of 34%.
I hate government spending too, believe me. I know its all a waste and I would much rather that there were a lot less of it. But that is not what this thread is about. Its about whether cutting taxes actually increases government revenue at all points on the chart, and its clear that it a false belief. We need to be grown-ups and admit this is the case.
To: babble-on
But that is not the contention. The contention is that lowering tax rates from 36 to 34% increases tax revenues, because people who felt that there was no point in working or generating economic activity when rates were at 36%, suddenly become productive economic dynamoes when rates hit that new threshold of 34%.
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It’s not simply that individuals will work harder when those tax cuts are in place. It is that private individuals will invest/spend that money in the private sector to create jobs and/or raise the income of *other* people thus producing more (and higher) tax receipts.
40 posted on
03/10/2008 9:44:36 AM PDT by
Bishop_Malachi
(Liberal Socialism - A philosophy which advocates spreading a low standard of living equally.)
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