Lomelis wrote on Oct 8^th, 2012 at 2:11am:



http://www.cbpp.org/cms/index.cfm?fa=view&id=3756

Many policymakers and pundits assume that raising federal income taxes on high-income households would have serious adverse consequences for the economy.  Yet this belief, which has been subject to extensive research and analysis, does not fare well under scrutiny.  As three leading tax economists recently concluded in a comprehensive review of the empirical evidence, “there is no compelling evidence to date of real responses of upper income taxpayers to changes in tax rates.”[1]   The literature suggests that if the alternative to raising taxes is larger deficits, then modest tax increases on high-income households would likely be more beneficial for the economy over the long run.

The debate over the economic effects of higher taxes on people with high incomes has focused on a number of issues — how increasing taxes at the top would affect taxable income and revenue as well as the effects on work and labor supply, saving and investment, small businesses, entrepreneurship, and, ultimately, economic growth and jobs.  Here is a summary of what the evidence shows.

Josie wrote on Oct 8^th, 2012 at 2:59am:



Is it not strange that people like you never apply the same ideas to the ones who actually do the work. If a person goes out, and labors 12 hours a day, six days a week, would he not feel oppressed understanding that the one who employs him is receiving all of the benefits of his labor simply because some feel that if one risks capital they should be entitled to all of the rewards?

I doubt if you will be able to comprehend this, however, since Reagan began lowering taxes on the wealthy, and since we have entered a globalist system, wages for the average worker have stagnated, or actually declined, yet salaries for the CEO's have increased 600%. The wealth of the average worker has declined by 7 trillion dollars since the recession began, yet the wealth of the top 20% has increased by 11 trillion dollars.

So, why should one work knowing that only a small percentage of the population will profit from that labor?

SiouxRebel wrote on Oct 8^th, 2012 at 8:10am:


^ Straight up Marx.

crepe05 wrote on Oct 8^th, 2012 at 7:57am:


They had a flat tax in 1862. It was repealed in 1863.

Genesee wrote on Oct 8^th, 2012 at 10:13am:


This is why I call socialists, especially the corporatist kind, Jennie. People like you actually believe that the only ones that deserve to earn a living with their labor are the elitist, and thjat Adam Smith, and Thomas Jefferson, were closet "marxists" for thinking otherwise. In your pitiful mind even Christ was a marxist for teaching that he who had much, much was demanded of.