Quote:
Originally Posted by DTK
Robbie, i think you and i are in about the same demographic. and i'm a student of economic history. that said, go look up tax rates during America's true heyday in the 50s and 60s.
the myth that high tax rates on the rich impede economic growth is just that. a myth.
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I don't think that tax rates can cause economic growth. But I do believe that high tax rates drive business away.
Hell, all you have to do is watch what happens state to state.
When a state gives companies tax breaks...they flock there. And when states are expensive to do business in...they leave.
I live in Las Vegas right now in part because I was tired of paying high state income tax.
I think that when the economy is roaring....it's a mixture of things all happening at once.
I don't think that low taxes make it happen. But I also don't believe that we can fix this economy by raising taxes. I see no evidence that giving MORE money to the federal govt. to waste is the answer to fixing the economy.
Do you?