- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: Bill Gates states that millionaire and billionaires should pay significantly more in taxes
Posted on 2/24/18 at 6:59 pm to Pbhog
Posted on 2/24/18 at 6:59 pm to Pbhog
Taxes are not supposed to be a form of redistribution. By thinking that they are, you have just revealed your hand.
Trickle down isn't a working theory. It's called supply side economics. If you lower tax rates, richest people will reintroduce money that is outside of the tax system back into the system. That money will raise government revenue, which is THE WHOLE POINT OF TAXES.
By the way, it just happened. Trump's tax cut resulted in the most revenue the federal government has ever received in the month of January.
Income tax isn't a redistribution scheme, or it isn't supposed to be.
The Left wants taxes to redistribute income. Tax the rich a lot, pass that income directly on to the poor. By that measure, "trickle down" doesn't work in their minds.
Get some Thomas Sowell in your life.
LINK
LINK
Trickle down isn't a working theory. It's called supply side economics. If you lower tax rates, richest people will reintroduce money that is outside of the tax system back into the system. That money will raise government revenue, which is THE WHOLE POINT OF TAXES.
By the way, it just happened. Trump's tax cut resulted in the most revenue the federal government has ever received in the month of January.
Income tax isn't a redistribution scheme, or it isn't supposed to be.
The Left wants taxes to redistribute income. Tax the rich a lot, pass that income directly on to the poor. By that measure, "trickle down" doesn't work in their minds.
Get some Thomas Sowell in your life.
LINK
LINK
Popular
Back to top
Follow TigerDroppings for LSU Football News