Talk of The Villages Florida - View Single Post - Tax Increase To Pay For Healthcare For The Poor?
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Old 07-17-2009, 02:41 PM
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Sounds like the old class envy baloney to me. What your chart doesn't say is where the money goes instead of going to the government. The more people have.. the more they spend. When rich people spend they put people to work. Purchasing luxury items, from vehicles to yachts makes the economy hum. Around my area, when they increased taxes people stopped buying boats. Put many people out of a job. When capital gains were lowered yacht sales boomed and there was actually a shortage of skilled workers to fill the orders.
I was never hired by a poor man. Put money in people's pockets and they will put an addition on their house or trade up to a bigger home. They trade in their clunker for a new upgraded vehicle. They buy that new lawn tractor or they hire back that landscaper, who puts more people to work.
It is amazing what will happen when the shackles of taxation are unlocked.

And if you think the taxes will be on just the top 3-10%...your living in a dream world.