Quote:
Originally posted by Mmmm, Burger (C.J.)
I'm not sure your facts are right on consumptive spending, but even if they are, the rich also invest, which is even more important in a supply-side model.
But I don't think emphasis on tax cuts for the rich is really where it's at. It's emphasis of tax cuts at the highest rates, which is where the rich are. I don't think you'd see this group arguing for an inverted tax system.
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Gotcha.
I don't have any facts on middle-class spending. I was assuming that, since the middle class is the biggest class, it would spend the most. Also, and this may not have been true 20 years ago, the middle class is investing a lot more.
My point was that the biggest tax cuts should benefit the middle class, and not the upper class. This would
seem to increase consumption and investment. Or is this more of a Keynesian/demand driven outlook? I'm speaking in purely economic-growth terms, not in who deserves and who doesn't deserve a tax cut.
ETA: Of course, none of this shit works when you go on a money-spending rampage.
