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So What If Taxing Rich Hurts the Economy?

FletchforFreedom Wrote: Nov 22, 2012 12:25 PM

What is emprical is that Chris is right - "dolt" is far too inadequate to describe you. If you wish to debate the overwhelming empirical evidence that (over any time frame you wish to choose) tax increasese of any kind are economically harmful, feel free. I've been deconstrictiong those misleading, inacurrate and flatly dishonest "analyses" with ease for decades.

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So What If Taxing Rich Hurts the Economy?

Consider this headline from a Reuters article in The Huffington Post: "Raising Taxes on Rich Won't Hurt Economic Growth, CBO Says."

But the first paragraph refutes the headline: "Allowing income tax rates to rise for wealthy Americans would not hurt U.S. economic growth much (emphasis added) in 2013 ..." The CBO did not say, as the headline suggests, that raising taxes on the rich has no negative economic effect. In fact, the CBO actually said that extending the Bush-era rates for all would increase economic growth by 1.5 percent. If, however, the Bush era rates expired for the rich -- but...