Quote:
Originally Posted by GregE
Raising taxes on the middle class slows the economy. It's been proven time and again. Therefore, not such a good idea.
Raising taxes on those who spend a proportionality smaller percentage of their income has a proportionality smaller impact on the economy. Therefore, less harm done.
|
raising taxes on anyone slows down the economy... whether it's better to raise taxes on producers or consumers has been debated by economists for decades... there is really no conclusive evidence to support either side... so, raising taxes on higher income brackets is not exactly a "good idea" either, and no one can say with any level of confidence that that plan is any "better" than raising taxes on everyone...
The only reason this idea has traction because it doesn't effect 98% of the people...
(it actually does effect most people, but most people are too short sighted and too blinded by "us vs them" propaganda to see it....)