raising tax revenues by raising taxes?

There's No Escaping Hauser's Law
Tax revenues as a share of GDP have averaged just under 19%, whether tax rates are cut or raised. Better to cut rates and get 19% of a larger pie.
By W. KURT HAUSER
Even amoebas learn by trial and error, but some economists and politicians do not. The Obama administration's budget projections claim that raising taxes on the top 2% of taxpayers, those individuals earning more than $200,000 and couples earning $250,000 or more, will increase revenues to the U.S. Treasury. The empirical evidence suggests otherwise. None of the personal income tax or capital gains tax increases enacted in the post-World War II period has raised the projected tax revenues.

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http://online.wsj.com/article/SB1000142 ... RDS=hauser

The evidence, by the GAO, shows that it will COST $700 billion over 10 years, to give the rich top 2% a break of 3.9% ON THE AMOUNT OF THEIR INCOME OVER $250K. That's $700 BILLION we don't need to spend, and which could be used to reduce the deficit...which you all howl about every day.

Hey LJ,

Since you are so concerned about "reducing the deficit", how about we trim 1/3 of the employees of government? Or, cut some fat off of social/welfare programs?

Then, the good folks could stop HOWLING.

AV8OR wrote: Hey LJ,

Since you are so concerned about "reducing the deficit", how about we trim 1/3 of the employees of government? Or, cut some fat off of social/welfare programs?

Then, the good folks could stop HOWLING.

great idea, lets take from the middle class and the poor and give tax breaks to the wealthy....isn't that the American way?

AV8OR wrote: Hey LJ,

Since you are so concerned about "reducing the deficit", how about we trim 1/3 of the employees of government? Or, cut some fat off of social/welfare programs?

Then, the good folks could stop HOWLING.

Since that would be up to the federal and/or state governments to decide. And if they do, that's OK by me. It wouldn't affect my job either way, if that's what you're suggesting.

AV8OR wrote: Hey LJ,Since you are so concerned about "reducing the deficit", how about we trim 1/3 of the employees of government?

Great idea! Let's put an additional 4.5 million people on unemployment, including 1/3 of our military. :thumbsup:

kneb wrote:

AV8OR wrote: Hey LJ,Since you are so concerned about "reducing the deficit", how about we trim 1/3 of the employees of government?

Great idea! Let's put an additional 4.5 million people on unemployment, including 1/3 of our military. :thumbsup:

NO! We'll just leave the fine folks of the military alone. We'll kill the bureacratic government jobs instead. Good to see you understand.

archer wrote:

AV8OR wrote: Hey LJ,

Since you are so concerned about "reducing the deficit", how about we trim 1/3 of the employees of government? Or, cut some fat off of social/welfare programs?

Then, the good folks could stop HOWLING.

great idea, lets take from the middle class and the poor and give tax breaks to the wealthy....isn't that the American way?

NO! The AMERICAN way is for folks to rise up from the working class and own their own dream. Why do YOU have to have a "poor and middle" class?

Excluding those folks that are genuinely disabled, why can it not be the "dreamers and doers" v. the "lazy and freeloaders" classes? Which one would you be classified in?

AV8OR wrote:

archer wrote:

AV8OR wrote: Hey LJ,

Since you are so concerned about "reducing the deficit", how about we trim 1/3 of the employees of government? Or, cut some fat off of social/welfare programs?

Then, the good folks could stop HOWLING.

great idea, lets take from the middle class and the poor and give tax breaks to the wealthy....isn't that the American way?

NO! The AMERICAN way is for folks to rise up from the working class and own their own dream. Why do YOU have to have a "poor and middle" class?

Excluding those folks that are genuinely disabled, why can it not be the "dreamers and doers" v. the "lazy and freeloaders" classes? Which one would you be classified in?

Because there is a poor class and a middle class on the economic front. And it gets harder every day to go from poor to middle to rich. The disparity between the rich and the poor (or middle class) has never been greater in this country than it is right now.

How many people in our country do you think are the "lazy and freeloaders?"

How many people do YOU propose we ROB to take care of the "lazy and freeloaders"?