Quote:
Originally Posted by RandyWayne
I have seen this posted several places, including here (I think Sam might have even done it), but it is apparently a lesson in economics that needs to be taught many many times.
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Your little analogy is cute but lacks facts. So my guess is you are a supply side economic guy? So you are telling me the economy grows when the rich pay less? Them paying less allows them to hire more. Is that your line of thinking? Do you have facts to support that? I bet you dont. If supply side econ worked unemployment would be low right now. It isnt. Deman side is what drives a good economy. Give people extra money and they will spend it. So if you own a business and people are lining up around the block to buy your product, you are going to close shop cause your tax rate is to high? Not to mention all of the deductions you can deduct for owning a business. Look them up. You can get a deduction for wages you pay to an employee. I would be more mad at the GOPs idea of wanting to do away with some deductions (they still havent said which ones they want to do away with). The world will not end if the Clinton era tax rates are put into place. Some presidents had 90% rate on the highest earners and the economy didnt go to the pits.
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