Would killing the economy help the poor?

[ceo]

It seems most liberals think so.

























discuss!

 

[javaguru]

Barry tells me the rich people need to pay their fair share...Which seems perfectly reasonable until you realize the "rich" already pay most of the bills...How about half the voters paying some kind of income tax...I fall in the middle ground on tax rates but damn...how is it fair that I have to write a check to support half the population?

 

[mrplunkey]

Everyone should have some skin in the game, even if they are taxed at only 10%-15%.

And the brackets should rise and fall together. So if you want to take one group up, the others get to follow.

 

[PICK3]

Everyone should have some skin in the game

it's all alimentary

 

[Mr. dB]

Barry tells me the rich people need to pay their fair share...Which seems perfectly reasonable until you realize the "rich" already pay most of the bills...How about half the voters paying some kind of income tax...I fall in the middle ground on tax rates but damn...how is it fair that I have to write a check to support half the population?

That's 'cause the "rich" already paying most of the bills have most of the money.

The bottom 45% who are paying no taxes, are pulling less than 1% of the total income. The IRS could take 100% of their income, and confiscate their property, and it still wouldn't generate as much tax revenue as simply undoing the Bush tax cuts.

 

[UA_Iron]

Doesn't mean they shouldn't contribute...

 

[EnderJE]

The problem is that there is no definitive view of "fairness".

 

[ledhead]

Everyone should have some skin in the game, even if they are taxed at only 10%-15%.

And the brackets should rise and fall together. So if you want to take one group up, the others get to follow.

The best way to expand the economy is the "Laffer Curve" model. It worked in the 20's and the 80's. Why can't it work now? The Laffer Curve suggests that cutting high tax rates will generate more revenue than hiking taxes.

 

[PICK3]

The best way to expand the economy is the "Laffer Curve" model.

If that's economists' speak for "Plunkey needs to pay moar", then I'm for it.

 

[Mr. dB]

The best way to expand the economy is the "Laffer Curve" model. It worked in the 20's and the 80's. Why can't it work now? The Laffer Curve suggests that cutting high tax rates will generate more revenue than hiking taxes.

Where do you suppose we are on the Laffer Curve right now?