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Ah, so you believe the world works like an Ayn Rand novel and the rich will go Galt. When in history has this happened? We have historically had upper-income tax-rates far higher than today's.
Also, there is absolutely no evidence to support the idea that raising taxes on the higher income taxpayers reduces economic growth. The GOP said in the 1990s if Clinton raised taxes there would be a recession. Clinton raised taxes and not only was there no recession but the economy boomed. Bush cut taxes and the economy was mediocre and crashed. Obama raised taxes and there was no loss to the economy.
It's very easy to test the "tax-cuts increase economic activity" theory using historical data and the conclusion is that it is unsupported.
There was a recession. Do you remember the Dot-Com Bubble? Apparently not. Not only that, but Clinton laid the foundation for the crash in 2009.
Of course it would make a difference for the disabled. The people who are working will pay much higher taxes with higher wages
You realize that would actually lower the working class standard of living, right? They'd pay both higher taxes and higher prices for goods/services to offset the increase in labor costs. They'd get hit twice.
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The same with Scandinavian capital gains taxes.
Only those who can't hide their investments pay capital gains taxes in Scandinavian countries. I've already posted a link on some of the many ways wealthy Sandinavians and Europeans hide their investments and investment income. They build wealth tax-free.
Was that article written in the 1980's? No, it was written in 2002.
Is that relevant? No.
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Has following Bernie Sanders so blindly ruined your sense of time as well?
Again, I've been respectful. Despite some of the poor arguments posted here I know many can understand my point and I will let your refusal to address what I posted just stand alone as your answer.
Where have I done that? (there is one area, I do support this but it's because it's MY money)
He has called for a tax on trades. I support this as it was I that was forced to pay taxes to bail out Wall Street and I believe it's fair for tax payers to get some of this money back.
P.S. How do you propose we pay off our Trillions and debt and never ending wars? (I asked this question earlier with no answer)
1. You're supporting Sanders. His whole campaign revolves around the notion of implementing European socialism and raising taxes across the board.
2. If you tax trades, you'll have less trade. Is less trade good for our economy?
3. Like I said, we need to cut the bloat that the government has created. Implementing extremely expensive new social programs will NOT reduce our national debt. Socialism redistributes existing money, it doesn't create it. Until you understand that, you're doing nothing but parroting Bernie Sanders and his dangerous economic policy.
Uh, I assume you're a Reagan fan, right? After airline deregulation of the 1980's, many new airlines started popping up. That's what free-enterprise is all about.
Yes, but there are still massive barriers in America for competition which causes air fares in America to be twice as expensive as in Europe.
We see the same in other industries in America like the big Wall Street banks, cable companies/broadband and the health insurance industry.
Antitrust laws have been relaxed for companies with big market power. In Sweden they pay far less for banking services, broadband, air fares etc. There is real competition between providers and the antitrust laws are strong.
Again, I've been respectful. Despite some of the poor arguments posted here I know many can understand my point and I will let your refusal to address what I posted just stand alone as your answer.
Uh, yes it is. I was talking about new airline firms being created in the 1980's after airline deregulation. You posted something from a completely different millennium.
There was a tiny recession in 2001. It did not negate the huge increase in GDP all through Clinton's second term. Nice try tho.
The President has direct control over the economy? I didn't realize that you viewed the US in the same light as Venezuela or North Korea. Maybe that's why you're a Sanders fan!
1. You're supporting Sanders. His whole campaign revolves around the notion of implementing European socialism and raising taxes across the board.
2. If you tax trades, you'll have less trade. Is less trade good for our economy?
3. Like I said, we need to cut the bloat that the government has created. Implementing extremely expensive new social programs will NOT reduce our national debt. Socialism redistributes existing money, it doesn't create it. Until you understand that, you're doing nothing but parroting Bernie Sanders and his dangerous economic policy.
The debt was cause by endless wars, billionaire tax cuts, corporate welfare and Wall Street deregulation/crash.
Not the social safety net. Reducing the debt on the backs of the disabled, the children and the elderly is cruel.
Yes, but there are still massive barriers in America for competition which causes air fares in America to be twice as expensive as in Europe.
We see the same in other industries in America like the big Wall Street banks, cable companies/broadband and the health insurance industry.
Antitrust laws have been relaxed for companies with big market power. In Sweden they pay far less for banking services, broadband, air fares etc. There is real competition between providers and the antitrust laws are strong.
Has Sweden ever been a world superpower? The United States has gotten to where it is for many reasons, and being like Sweden is not one of them.
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