Thread: Economics "Soak the rich" is pure folly
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Old 07-08-2011, 10:03 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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Originally Posted by Saul Good View Post
Call it whatever you want. I don't care about the verbiage.
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Originally Posted by Saul Good View Post
Then be more specific as to what you're bitching about.
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Originally Posted by cosmo20002 View Post

What have I been hypocritical about?
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