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

To: michael97123 who wrote (218500)	2/14/2007 5:26:19 PM
From: Katelew	Respond to of 281500

To be honest, I don't persoanlly have taxation plan other than this. Since the R's are boxed in philosophically and can't very well raise taxes. I'm trusting the dems to raise taxes skillfully. They had good models with Clinton and Rubin, so I'm hoping they will work to avoid severe dislocations in the economy that could come from raising taxes. Unfortunately, we have a such a concentration of wealth in the country at the top that it seems like you damage the economy the least by simply overturning the Bush tax cuts. Basically, it is a 'soak the rich' point of view, I'm sorry to say. I do think, however, there is merit to my notion that getting more disposable income into the hands of the lowest quintile would mitigate the damage to the rich simply because the poor would buy more of the rich's widgets. I'm just being simplistic. I'm just proposing a framework for raising taxes. It's just an opposite point of view from supply side economics, or trickle down.