- Joined
- Nov 13, 2006
- Messages
- 7,102
- Reaction score
- 1,504
- Location
- Sacramento, CA
- Gender
- Male
- Political Leaning
- Slightly Liberal
Do a little research about the tax rates and tax revenue, and you will realize it is hardly relevant what the tax rates are among the top 1%. Increasing tax rates for only the richest of the richest may feel good, but will not solve the deficit and actually may hurt the economy.
Secondly, many of them own companies. When you increase their taxes, then they will just raise prices.
Can you explain to me how that works? It seems counter-intuitive: raise taxes on people, and they'll pay more taxes. I understand that it's possible to harm people through that, but the wealthy are not even close to that point. Even raising taxes to what they were under Reagan would help. We're well to the left of the Laffer curve.