Thread: Economics "Soak the rich" is pure folly
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Old 07-08-2011, 09:03 PM   #20
petegz28 petegz28 is offline
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Quote:
Originally Posted by alnorth View Post
True enough. I'm just saying the equation has a few more variables than just "top tax rate greater than 35% = economic death".
The equation has 2 variables that matter...

X: Tax Revenues
Y: Tax $'s spent

When Y > X then we have a problem and you have two choices...

A Tax more
B Spend less

Every household in America deals with similar variables, just replace Tax $'s with income. and when a household continues to spend more than they have in income they go in debt and eventually go broke, file bankruptcy, etc.

This is why spending cuts have to take the front and center over tax hikes.
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Quote:
Originally Posted by |Zach| View Post
All kinds of people vote. Not enough of those people think highly enough of Trump to make him President but all kinds of people vote.
Quote:
Originally Posted by Donger View Post
So, if they were polling better than Trump and the primary goal was to prevent Hillary from becoming POTUS, perhaps it would have been a better strategic decision to nominate someone who actually had a chance of beating her and preventing that than nominating Donald Trump.
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