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Strategies & Market Trends : ahhaha's ahs -- Ignore unavailable to you. Want to Upgrade?

To: Ahda who wrote (1679)	4/5/2001 12:19:27 AM
From: ahhaha	Read Replies (3) \| Respond to of 24758

Back to trying to promote the welfare of the poor? 99% of the people are neither rich nor poor, but you would construct a tax policy to benefit one margin and not the other. Your assumption is that rich people don't need the money. In fact, they should be paying more, and the money taken should be given to the poor. It sounds so heart warming except it's completely false. When taxes on the rich are increased the taxes on the 99% go up disproportionately. The rich aren't hurt, but everyone else is. You can't set up a taxing scheme that increases taxes on the wealthy alone, because what is wealthy? What the country has done for almost 100 years is progressive taxation. This is stupidity in its finest hour. On the other hand if taxes of the rich are cut, mostly the result is felt by the low end. This is called "Voodoo Economics" because imbecile Democrats don't understand it and are prejudiced towards something that has nothing to do with any of this. What that is, is the war on wealth. To the Democrat it's far more important to wage this war than it is to help anyone. They believe the war is the help. Some kind of thinking that is. Why can't you understand this? Because you're mindlessly prejudiced towards you're own self interest, and in being so disposed, you shoot yourself in the foot. Let me state it clearly. The beneficiaries of tax cuts for the rich are mostly felt by everyone other than the rich and the rich pay more taxes. This is what happened during the Reagan years, but you should hear tax experts discount that. They have a solemn duty to protect the poor so they can go on feeling good about themselves as though they have waged the noble war against the rich. Until you can understand this you won't make any headway in comprehending how the economics of taxation works, but you will be able to sock to the poor, one more time.