Tax Cuts & Tax Cuts for the Rich

Posted by NealS 3 years, 5 months ago to Economics
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Thomas Sowell on Tax Lies For The Gullible, from Paul Marino.

On the link - includes a counter point argument by - Stefan Jovanovich


SOURCE URL: http://www.dailyspeculations.com/wordpress/?p=11656


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  • Posted by Storo 3 years, 5 months ago
    Whether revenues rise or fall as the result of a tax cut is really immaterial as far as there being a “tax cut for the rich” is concerned. My position has always been that only 1/3 of the US population pays taxes anyway. (the middle third pays 2% of all taxes). So those in the top third are considered “rich”. Thus if you are going to have a tax cut, whose taxes will be cut? THOSE WHO PAY TAXES!! The third at the top. The “rich”. the whole leftist argument of tax cuts for the rich is stupid.
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  • Posted by chad 3 years, 5 months ago
    All taxes are extortion and should be eliminated. The belief that so many things cannot be done except at the 'rule' of government allows the governing force to be used against all of its citizens. All people do pay taxes whether through higher prices, inflation (correct term; devaluation) or direct confiscation. We are operating with a system that is debt that cannot be repaid. If it were all currency in circulation would be extinguished from existence and the Federal Reserve would still have a claim for its interest on non-money.
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  • Posted by 3 years, 5 months ago
    Better title - Tax Lies For The Gullible
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    • Posted by BeenThere 3 years, 5 months ago
      "Tax Lies For The Gullible"

      "The average human being looks without seeing, listens without hearing, touches without feeling, eats without tasting, moves without physical awareness, inhales without awareness of odor or fragrance, and talks without thinking."
      Leonardo Da Vinci
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  • Posted by CircuitGuy 3 years, 5 months ago
    There are good reasons not to want to tax people, but the notion that tax cuts paradoxically result in more gov't revenues is silly. We can debate if GDP could grow a percent more ore less based on tax policy. And that's huge over time. But changing tax policy WILL NOT cause GDP to double or halve.
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