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1/27/2016 11:27:28 PM
1
[quote]To sum up:
Economics 101
Less/lower taxes = vibrant economy, more personal wealth and more government "revenue," more people tend to voluntarily pay taxes owed
More/higher taxes = stalled economy, less personal wealth, less jobs, less investing, more people tend to avoid paying taxes owed[/quote]
I think you got the terms mixed up.
English
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No, read it again. It makes perfect sense and has worked this way for thousands of years before the USA even existed. ECONOMICS 101. Basic. Think it's something really special how hard working people make trillions of dollars in wealth in this nation and the "social" government can do nothing except take it away.
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[quote]No, read it again. It makes perfect sense and has worked this way for thousands of years before the USA even existed. ECONOMICS 101. Basic. Think it's something really special how hard working people make trillions of dollars in wealth in this nation and the "social" government can do nothing except take it away.[/quote] Taxes work, look at the 50s and 60s, I'm not saying do a marginal tax rate of 94 percent but more like 50%. Now this tax would depend on income. This marginal rate would pertain primarily to rich families who have more wealth than working families in America put together. What Bernie is proposing isn't outlandish at all, countries like Canada and the UK highly benefit from higher taxes, for example they get healthcare by paying taxes. Now before you jump on me you wouldn't be losing money as you would no longer have to pay insurance premiums, you would be saving money in the long run.
