| ▲ | j16sdiz 10 hours ago | |||||||||||||||||||||||||||||||||||||
You are basically saying you can tell us, but you won't. If you are not going to tell us anything, why are you teasing us as if you will? Holding back discussion points is not a way to advance a discussion | ||||||||||||||||||||||||||||||||||||||
| ▲ | manlymuppet 10 hours ago | parent [-] | |||||||||||||||||||||||||||||||||||||
You are right. I should be more forthright; I was answering elsewhere. Here's another comment I made that's relevant. """ I think supply-side economics deserves more nuance than simply thinking we need to make the tax rate arbitrarily low. The Laffer curve isn't the only thing you should look at, since where you tax can be just as important as how much you tax. Take corporate taxes for example. If one were to advocate to get rid of corporate taxes, you might think that person unabashedly biased. What kind of person would want to give tax breaks to the richest people (corporations) when everyday people are the most in need of those kind of cuts, right? But the reality is that when you tax corporations, that is one of the most economically damaging taxes you can do. How about then, rather than taxing corporations, you tax the benefactors of those corporations directly? When you tax Walmart, sure you tax the C-suite, but you also make it so that Walmart can hire less people, and invest less in the economy. Rather than taxing the corporation, what if you just taxed the C-suite directly? Tax the Walton family, or the highest earning employees directly, and you get to have your cake and it too since you get similar amounts of tax revenue without damaging the economy nearly as much. You'll see this often in the social democracies of Scandinavia, like Sweden or Denmark. These are countries with strong welfare states, and yet, the corporate tax rates are often lower than the U.S., even if you look at the most red states. This is supply side economics at work, and an example of how supply-side economics can be easily misrepresented. """ | ||||||||||||||||||||||||||||||||||||||
| ||||||||||||||||||||||||||||||||||||||