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Old 01-05-2011, 01:59 PM   #4544
sebastian_dangerfield
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Re: give me a break

Quote:
Originally Posted by Tyrone Slothrop View Post
Do you really think that raising taxes would cause revenues to drop? I mean, really.
The argument against that proposition - "Clinton did it and it raised revenues!" - isn't applicable in an economy this globalized.

Speed of money v. speed of legislation. Not even a race. And the drop in activity in advance, based on mere fear of a raise in taxes, doubles the negative effect.
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