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Overnight Open Thread

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sattv4u21/03/2010 7:52:06 am PST

re: #195 Obdicut

it still doesn’t mean that the taxes raised would be corporate taxes, as you initially said.

What I said was For one place, they’ll have to raise taxes corporations.

Okay, lets say they do NOT raise corporate taxes. They raise individual tax rates. And lets also say they only raise those for the top (pick a number) percent of wage earners

There is no way that will make up the deficit. ALSO, now you have the same problem. The top wage earners now have less to invest in small to medium ventures. Less investment means less jobs, less jobs means less revenue and individual spending, less individual spending means less goods purchased, and we’re right back to the cycle I laid out above