That's been the case the last two recessions...which tells me something. But that's another story; my point is that one cannot coherently hold that some class of people pays the largest share of total revenue, and that increasing taxes on that group would have no effect on the deficit. That's an inherently contradictory position unless the group is taxed at 100% of its wealth. If some group, by giving 30% of their income, foots over half the bill, increasing their taxes to 60% would double the revenue generated. That's simple math.Originally Posted by Taylor
Please note: I am not advocating that tax rates increase to those proportions. I'm merely demonstrating a point, and it's a point which shows there is a logical inconsistency in the rhetoric coming from the right on the taxes issue.