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Might want to check out the 1950s and 1960s when the top tax rates were at least double what they are today.
I've looked at those periods. Are you suggesting that the post-WW2 industrial revolution was a result of high taxation on the wealthy? I've never seen anything that shows a direct link.
There's nothing to show that higher tax rates for a subset of individuals has helped the economy.
Evidence abounds. The wealthy spend slowly. They do not produce jobs or demand. (This is why Bush's tax cuts failed.) They lose the least by giving up a dollar to taxes. Their marginal utility functions have been pushed to very low levels. They have already acquired everything they need and everything they want. They have to sit down and think to figure out what on earth to do with their money next. There is simply no question that maximum bang for the buck -- the most fiscal gain per dollar of national income cost -- comes from increasing taxes on the rich.
You haven't provided any evidence actually. You've made a few obvious statements and a few nonsensical statements that don't amount to what you're trying to prove.
The bolded part is an ideal statement for this thread. It is something that you are currently being told which shouldn't be believed.
Anything that involves "everybody" is obviously wrong, from a semantic point of view. But I'm guessing that's not your point. Regarding your actual point, I assume you forgot to put a negative somewhere in the sentence. Raising taxes on the rich does help society as a whole.
There's no evidence to suggest this. Look at historical times of when we've raised taxes on the rich. Filter out all other economic variables and contributions. Create a best fit line. You'll see what I mean.
It sounds nice in theory, but it just doesn't work like that. And we can't keep making decisions based on what sounds nice in theory. Trickle down sounded nice in theory too. But (and I'm sure you're about to disagree), it didn't work at all.
I've looked at those periods. Are you suggesting that the post-WW2 industrial revolution was a result of high taxation on the wealthy? I've never seen anything that shows a direct link.
There's nothing to show that higher tax rates for a subset of individuals has helped the economy.
Ah, check out the Clinton years - higher taxes on the wealthy and a BOOMING economy.
I've looked at those periods. Are you suggesting that the post-WW2 industrial revolution was a result of high taxation on the wealthy? I've never seen anything that shows a direct link. There's nothing to show that higher tax rates for a subset of individuals has helped the economy.
Industrial revolution was in the 19th century. There are meanwhile libraries full of work showing that progressive taxation is more effective and efficient than flat or regressive taxation. There are many things that you have never seen that exist. In fact there is no link at all between existence and what you have seen.
Last edited by fairlaker; 12-01-2013 at 06:46 AM..
You haven't provided any evidence actually. You've made a few obvious statements and a few nonsensical statements that don't amount to what you're trying to prove. The bolded part is an ideal statement for this thread. It is something that you are currently being told which shouldn't be believed.
I'm sorry you are unable to process the simple facts of the matter. The bolded statement is widely recognized in academic and professional circles and could be found in papers and reports prepared by many actually rational and intelligent sources. What exactly are you relying on in assuring me that they are all wrong? I suspect that what you say here is simply reactionary nonsense akin to the babblings of birthers, creation science defenders, and global warming deniers.
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