You were I believe making the argument that money taxed from the rich and spent by the government had less benefit for the middle class than that money being spent in the private sector
quote:I assume you mean hitting the rich with a high rate would be illogical? Not sure.
If this were the case, hitting them with a high tax rate would be illogical.
quote:Simple. That Public decor dollar had to come from the private sector. It may benefit the person that receives it, but it's harmed the Person that's surrendered it. Its the equivalent of takin a dollar out of your right pocket and putting it in your left pocket and claiming you've earned a dollar.
How is a dollar spent in the private sector worth more than one spent in the public sector?
$250,000 is rich to this administration.
quote:Did you read this in the opening paragraph?
I guess these guys are economic idiots too. Study on top tax rates.
quote:Can you explain to me how raising taxes on the rich to the tune of $80B/year reduce the long term debt?
Income tax rates have been at the center of recent policy debates over taxes. Some policymakers have argued that raising tax rates, especially on higher income taxpayers, to increase tax revenues is part of the solution for long-term debt reduction.
quote:That is two people working and each making $60 an hour.
I still want to know why they think $250,000.00 is considered rich for a household income
I still want to know why they think $250,000.00 is considered rich for a household income.