InvestorsHub Logo
Followers 46
Posts 49539
Boards Moderated 3
Alias Born 11/27/2006

Re: ieddyi post# 332398

Tuesday, 05/20/2008 3:46:55 PM

Tuesday, May 20, 2008 3:46:55 PM

Post# of 495952
"Why should the most productive citizens be penalized solely because they are productive?"

They produce nothing! Money shufflers.

What happens if we instead raise tax rates? Economists of all persuasions accept that a tax rate hike will reduce GDP, in which case Hauser's Law says it will also lower tax revenue.

I guess you missed this part:

On this page in 1993, he stated that "No matter what the tax rates have been, in postwar America tax revenues have remained at about 19.5% of GDP.

Can't have it both ways.

____________It's Time to March on Washington._____________

______________________________________________________

Join InvestorsHub

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.