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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Tenchusatsu who wrote (321285)	1/16/2007 9:12:16 PM
From: TimF	Read Replies (1) \| Respond to of 1578575

He apparently wants you to provide specific examples of companies that closed do only an the direct effects of an increase in income taxes. That's a rather unreasonable request. The larger point that higher taxes have a negative effect on economic activity is beyond reasonable dispute. Specific tax increases may have other benefits which are larger then this negative effect (if they prevent a government from defaulting for example, or if a very low tax is changed to a fairly low tax, and the revenue is used for important infrastructure), but generally higher taxes do have a negative effect on employment.

To: Tenchusatsu who wrote (321285)	1/16/2007 10:34:08 PM
From: combjelly	Read Replies (1) \| Respond to of 1578575

"What do you want, CJ? I've seen businesses close and their proprietors moving on to do other stuff. You'd rather see those people end up on the streets instead?" No. Where do you get that idea? Shorty has claimed that he would rather pass up business if there was a tax increase. You have chimed in on his side. I find his claim so counter to what I know about running a business that I challenge the notion. You claim there have been businesses that have gone bust because of a tax increase. I find that dubious. California is a high tax state. Accepting your thesis then, there should be no low margin businesses left. I suspect that isn't the case. I'll grant that it could be possible in a theoretical sense if taxes were to get sufficiently high. But Shorty isn't making a theoretical claim, he states that is what he does. Now it could be that his state is very anti-Shorty and periodically passes taxes aimed specifically at him. Then it makes sense. But I am dubious that happens. When means he is just making shit up again...