Quote:
Originally Posted by Tyrone Slothrop
It's completely subjective. Which is to say, that when you say we "can't" raise taxes, we obviously can, but rich people wouldn't like it. (Also, a recession is a terrible time to do it.)
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One smug reply deserves another, I guess.
Did you read what I said about taxing the rich not providing anywhere near the revenue needed to cover what we owe and have promised? What do you propose, a 90% bracket?
Say this with me: "If you tax them, they will leave." It is fact. It is already happening even without increases. Raise taxes all you like, revenue will remain near constant.
(And don't cite me old studies showing the converse. Money's moving a lot faster, and the emerging markets are a lot bigger and more business friendly than they were historically, and that trend is accelerating exponentially. Whatever you cite will be hoeplessly dated.)
