Quote:
Originally Posted by txdome
What do you think would happen in society if the top 25% started paying considerably more, or cosidersbly less? Please explain thoroughly. Am I back in a basic high school civics class?
Higher taxes means less incentive for people to take risks and takes money out of the hands that are productive to put it in hands of those less productive, which will lead to slower economic growth. Remember kruger and the few other liberal economists said 2% GDP growth was the new norm and we are never going above that again. Trump cuts taxes & decreases regulation and here we are looking at a 100% increase in what they thought.
Lower taxes equals more incentives to work harder to get a raise, get a promotion, not retire as soon, start your own business, etc.
Quote:
Originally Posted by punkass
bahbah likes a flat tax I guess. Let's start talking about that here. What could go wrong?
Sometimes this thread qualifies for this thread.
I'm not a big fan of a flat tax, but if we drastically raised the amount of money one could make tax free I would likely be ok with.
I don't think we need to make this a political debate, but when I am attacked I feel the need to respond. You need to stop attacking the straw man, he did nothing to you.