[quote]Ryan P. McCarter wrote:
Mick28 wrote:
You fail to see the larger picture here. Over taxing “the rich” or at least those he difines as “rich” is not good for the economy and totally unfair as “the rich” as he defines them already pay too high a burden in taxes.
When you over tax people in that bracket there is a disastrous after effect felt by others.
When tax hikes such as this are implemented businesses tend to lay people off, raise prices and cut back expansion plans.
At the very time we need to cut government spending obama will launch the largest government expansion in the history of the country.
obama is bad for America in every way, but economically he’s a disaster.
I don’t think so. I think it’s the McCain supporters here that fail to demonstrate much in the way of logical reasoning, or memory.
First of all, the assertion that higher taxes on the rich result in “disastrous” consequences is so full of shit that I’m not even going to lend it credibility by talking about it except to say that remember back in the 90s when the capital gains tax was much higher than it is now, the economy was doing much better .
Now I’m NOT saying that higher capital gains taxes=better economy, but it certainly does NOT discourage investing or cause businesses to have to lay people off.
I’m also very curious as to why you feel that the rich shoulder too heavy a tax burden. I don’t think they shoulder near enough. The top 10% of wage earners control something like 90% of the wealth in the country. If you have 90% of the wealth, you should pay 90% of the taxes.
Also, cutting back government spending is NOT going to help the economy. The deficit is certainly a problem (mainly due to the Bush administration), but when the economy is struggling, ceasing to put money into it is the last thing that’s going to help.
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Jesus, you have absolutly no idea what you are talking about. First, if you are going to post numbers, make sure they are accurate. Secondly, you might want to read a book on eoomomics if you plan to discuss it here. Otherwise you’re getting in over your head.