Formerly About Advanced Micro Devices Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Formerly About Advanced Micro Devices

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Alighieri who wrote (587833)	9/28/2010 12:31:04 PM
From: TimF	Read Replies (1) of 1574066

No it isn't. Its taxed as well. That wasn't his point!? Not his larger point, but in that specific statement, he said it was "on the house". It isn't. A number which higher taxes would tend to make worse. No one is talking about increasing taxes on the poor All else being equal, increasing taxes on the rich makes things worse for the poor (except when taxes are so low that the government can't provide public services, and can't provide a minimal safety net for those who are incapable of supporting themselves, but we are a long way above that point). As for bankrupting the country, its all the extra spending that's doing that. Even if you ignore the deadweight loss of taxes, and don't consider the decrease in avoidance and evasion efforts with lower rates, and assume that if you cut the rate by x percent, you actually get x percent less income, the spending increases still dwarfed the lost income from the tax cut.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next