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...
The truth remains that someone has to do the work of society. That is true. There isn't an atom of truth in the long debunked fallacy that "a rich man isn't going to do that. Only a blithering idiot uses the oxymoronic term "slave wages" particularly when it is an inarguable FACT that the free market has been the greatest (and sole) cause of ever increasing compensation (and lower prices for goods). Limitations on wealth serve only to CREATE poverty. You are simply an economic ignoramus repeating silly fallacious absurdities.
Consider this headline from a Reuters article in The Huffington Post: "Raising Taxes on Rich Won't Hurt Economic Growth, CBO Says."
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