Superfluous Man
Banned
- Joined
- Oct 10, 2016
- Messages
- 5,732
lets just raise the taxes on the poor/middle class ( those that pay taxes ) 50% and cut the taxes on the top 20% by 50% and then we would see the economy boom because the top 20% would pour the money back by hiring and spending .
Yes. The economy would boom, if for no other reason, because the total amount of the cuts would far outweigh the increases. Even the poor and middle class would reap gains from the added private-sector economic activity that would outweigh the pretty small additional amounts they'd be paying in taxes.
But better yet, cut everyone's taxes. And in order to do that, since it's the rich who pay the great majority of the taxes, theirs would have to get cut more than everyone else's. We simply can't have significant tax cuts without significantly cutting taxes for the rich.
Side note: Does your shift-key not work or something?
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