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Politics : Formerly About Advanced Micro Devices
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To: Alighieri who wrote (684506)11/12/2012 1:53:08 PM
From: i-node  Read Replies (2) of 1575814
 
>> if you try and tame deficits by spending cuts alone you'll put the country on the path to depression.

This, of course, is a fallacy.

Government employing people does nothing but keep them in jobs. It contributes nothing to economic growth and the increased debt burden it causes detracts.

But I still don't see what you would hope to accomplish by raising rates on successful people. There isn't enough money in that pool to impact the budget in any meaningful way at all. You're talking about $50 Billion a year or less, or well below 5% of the deficit. And for that, you're going to pose a substantial risk to any economic recovery that MAY start to gather speed?

I'm not quite sure how the left is so confused over this; it is pretty obvious that if you take a billion from the wealthy, that's a billion they don't have to invest, and investment is the root cause of economic growth.

Why is this so difficult to understand?
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