Biotech Values

[jbog]

Bladerunner,,,,

You're changing the parameters.

The truth is that "lowering taxes" increases revenue is true but it isn't the lower tax rate that increases revenue morethan an lower tax rate increases GDP.

It's the increase in GDP that increases receipts not the reduced rate of taxation.

Historically since WWII Americans have paid 19.4% to 19.7% of GDP in taxes. NO MATTER what the tax rates are we still stay in that range. So as you can see the goal is to raise GDP and the tax rate is inmaterial.

When Obama raises the tax rate you can mark my words that the rich will simply move their investment profile more into muni's and other tax advantage positions. They will pull back from investment in jobs, real estate etc and they'll be happy ever after.

Your argument is debt and that's a whole different story.