Quote:
Originally Posted by cschin4
Tax revenues to the govt actually DROP when taxes are raised. Doesn't anyone understand this? Ugh.
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Does that mean revenues increase when you lower taxes? Excellent! Then lets decrease the tax rate to 0%. 
Supply side economics may have worked in the 80's when tax rates were as high as 70%. Its doubtfull a tax raise today will decrease revenues with as low as tax rates currently are.
I agree with Broken Arrow that some form of consumption tax is the fairest way to collect revenue.
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The real difficulty in changing any enterprise lies not in developing new ideas, but in escaping from the old ones. - John Maynard Keynes
In capitalism man exploits man, in communism its vice versa.
Experience demands that man is the only animal which devours his own kind, for I can apply no milder term to the general prey of the rich on the poor. -Thomas Jefferson
In America today, we are nearer a final triumph over poverty than is any other land. - Herbert Hoover
Last edited by Snodog : 11-03-2009 at 12:19 PM.
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