liberal
8/3/2012 4:58:00 PM
On Thursday, August 2, 2012 8:54:13 PM UTC-4, BeamMeUpScotty wrote:
> On 8/2/2012 8:45 PM, Yoorghis@Jurgis.net wrote:
>
> > On Thu, 02 Aug 2012 19:49:58 -0400, Mr.B1ack <bw@barrk.net> wrote:
>
> >
>
> >>> The answer is, it can't be done. Even if Obama taxed those making
>
> >>> $200,000 and more at a tax rate of 100%, he would not be able to "pay
>
> >>> down our debt". [2]
>
> >>
>
> >> You could tax that one percent a LOT more and it STILL
>
> >> wouldn't generate a lot of cash ... certainly not enough
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> >> to pay down the national debt.
>
> >
>
> > But you could alter the tax code and tax scads of income different in
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> > the future.
>
>
>
> Your tax will kill any real growth and so the income tax is an exercise
>
> in futility since no one will really have any income.
Under FDR's 91% rate, US economic growth was immense for two decades. Under Bush 1/2's 35% rate, we had an economic collapse rivaling the Great Depression.
Logic and history show you to be wrong.