re: #36 jamesfirecat

These economic predictions seemed to be based on the principle of lower taxes means more revenue in the long run.

This tends to be BS in a situation like ours (Americas income taxes are at some of the lowest rates they’ve ever been) and its doubly true when the tax is going to the wealthy who can afford to hoard their wealth rather than having to spend it like lower class people would…

1. The principle is unimportant; Obama’s predictions assumed an average of 4% growth over the next four years, which isn’t any more realistic than Ryan’s assumptions.
2. What does “when the tax is going to the wealthy” mean?
3. We already tax our rich more than Europe does. Republicans like me aren’t petrified of increasing taxes when there’s benefit to be had - the rich can afford it, after all - but let’s first remind ourselves that we already tax our rich more than most. Overreliance on the wealthiest is a recipe for a bumpy fiscal future. Just ask California.