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

To: Alex MG who wrote (332635)	3/28/2017 11:54:24 AM
From: stsimon	Read Replies (2) \| Respond to of 540708

What a lot of people don't understand is that tax cuts for the wealthy actually reduce business investment. If I own a business and I pay a 75% marginal rate on my last dollar of income, the risk of expanding my business is low because if it doesn't work out the government takes a big loss and I take a smaller loss. On the other hand, if my marginal rate is 25% and the investment in expanding my business doesn't work out 75% of the loss comes out of my pocket.