In response to:

More Pain, Less Gain

skywalker58 Wrote: Nov 20, 2012 9:51 AM
Democrats and Leftists are totally dilusional, uneducated or stupid when it comes to economics. Government bureaucrats who calculate the deficit or what the increase or decrease in revenue from taxes seem to think tax increases or decreases happen in a vacuum. They calculate these values assuming that "the rich", "the middle class" or the poor will spend and invest in exactly the same manner after a tax increase or decrease as they did before the change. THAT IS STUPID.
Michael3116 Wrote: Nov 20, 2012 10:09 AM
They aren't you know. In order to bring about the people's revolution the left yearns for there has to be only the extremely wealthy and the dirt poor. The only way they get there is making the very wealthy exempt from taxation and pounding the middle class into the dirt. Otherwise the millionaires and billionaires tax would be on millionaires and billionaires and not on small business owners who are making 250k per year.
skywalker58 Wrote: Nov 20, 2012 9:55 AM
If tax rates are reduced, that provides more money for "the rich" to invest in their businesses or other investments. That money makes more money and thus more money is paid in taxes even though the rate is lower. Even if it is not invested, it is spent on other things which is income for other businesses who also pay taxes. If you increase the tax rate, that is less money available in the economy for investment or spending and thus LESS money is paid to government in taxes AND employment in the private sector is threatened.
skywalker58 Wrote: Nov 20, 2012 9:59 AM
It just really frustrates me that the Left just can't figure this out. Maybe they have figured it out and understand it, but as OBAMA himself said, he doesn't care about increased revenue, he wants the "right" people to pay "their fair share". I am so sick of hearing Democrats talk about making sure "the rich" pay their fair share. WHO DECIDES WHAT THAT FAIR SHARE IS? Why should someone who makes 249K pay 28% while if you make a thousand dollars more, you should pay 39%?? Why should you pay a higher percentage of you income as you make more income? God asked for 10% PERIOD. No graduate scale. Everyone pays the same. THAT IS FAIR.

President Obama and the Democrats have made a cottage industry of peddling "tax hikes for the rich" as the way out of the fiscal crisis precipitated by ObamaCare and other profligate spending.  

But with reports and polling showing that upper income spending has fallen since the beginning of September, the country may have a chance to see that "tax hikes for the rich" are not as costless as the administration and Democrats want Americans to believe.

The "rich" are pulling back in anticipation of tax increases coming down the pike in 2013.  As a result, it looks like they...