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Politics : Foreign Affairs Discussion Group -- Ignore unavailable to you. Want to Upgrade?

To: michael97123 who wrote (176700)	12/1/2005 1:41:29 PM
From: geode00	Read Replies (3) \| Respond to of 281500

I like lower taxes as well but I've never seen anything that says a strong progressive tax system which takes a great deal more from the ultrarich does anything bad to the economy. The idea of putting more and more fertilizer into the overly fertilized fields hoping some will trickle off into the nutrient poor ones is just silly. It's better to put the fertilizer where it will do the most good. Ditto money. If someone who earns $10 million/year pays a much higher percentage of his income to the government than someone who earns $10,000/year what bad things does this do to the economy? If the person who earns $10,000/year doesn't pay taxes at all but uses the money to buy food or gas or pay the rent, that money is put to good use for the economy as a whole and put to use immediately. Bush's ultrarich tax cut plan hasn't produced many jobs. It has, however, added mightily to the national debt which definitely is a bad thing for the economy.