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Politics : View from the Center and Left -- Ignore unavailable to you. Want to Upgrade?


To: Steve Lokness who wrote (255262)7/7/2014 9:39:04 PM
From: Wharf Rat  Read Replies (1) | Respond to of 546467
 
Remove the loopholes, collect taxes at current rates for 5 years, and then maybe talk about boosting taxes, if debt scolds still abound.
Don't forget the Laughter Curve says taxes can be too low, as well as too high. You never know where you are, until you boost rates and observe the results.

Clearly the experience in both the US and California shows taxes were too low, at least on the rich.