Jeff2422 Wrote:
Dec 11, 2012 1:43 PM
Basic economics does not penetrate the psychy of liberals. Look, tax the so-called rich all you want. But, ask yourself, why not tax at 100%, 90%, 75%, or 50%, why stop at 39.7% and 35% for the top two brackets. The reason is simple, at some point higher taxes decrease economic activity of those who have the capital to form buisnesses which is the source of wealth generation in the first place and the source of jobs for the mass amount people in our society. Regulation and fees as part of Obamacare have a similar affect. All this foolishness is baking in a recession for 2013 as daily spending on average is significantly down and for the so-called rich it is way down. (cont)