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Old 01-05-2011, 01:37 PM   #4536
Cletus Miller
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Re: Election 2010: Teabaggin' the Ds & Rs

Quote:
Originally Posted by Tyrone Slothrop View Post
There is no doubt that raising taxes will dampen economic activity. But revenues won't remain constant. You're just making sh*t up for the sake of argument.
Yep. They might go up, they might go down, but there will be a statistically significant difference.

eta: Assuming that it's a increase that falls entirely on the "rich", rather than a VAT or payroll tax of some sort. Those would obviously generate additional revenue.
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