In response to:
You're preaching to the choir, who have their fingers in their ears and are watching Fox News. They aren't aware of tax rates and the history. They don;t even know that their taxes were lowered by the Bush tax cuts AND the Obama administration (not wise in my opinion.)
It's hard to find an economist who thinks that coddling the wealthy even more is a good idea. Cons are scrambling to Google an economist who thinks otherwise.
Let’s cut right to the end of the story: Ordinary people have already tumbled off the precipice.
There will be no dramatic rescue at the height of the tension, with crashing, ominous music turning to a sunshine ditty, a government handout straining to reach you, to save you from tumbling over the lip of the cliff.
Instead the government is going to intentionally bump into you, making it look like an accident, head turned away, mumbling an apology, much like a pick-pocket does in a crowd, with the object to lift your wallet.
So, yes; however much they...
Tell me, did you "build that" business yourself, or did the government come along and drop it in your lap?
The economists that refute your position include Friedman, Samuelson, KEYNES, Mises, Hayek, Vedder, Galloway, GALBRAITH, even KRUGMAN. While some of these have argued, incorrectly, that SPENDING is a good thing, NONE have argued that higher taxes are economically beneficial - because NO competent economist would adopt a position so obviously stupid.
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Apparently you are one of those people ignorant about economics. You haven't been in business to long then....you won't last very long either.
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Any impact on the wealthy will have several consequences:
1. Higher prices for all of us.
2. Higher unemployment.
3. Higher taxes for the rest of us.
Lower rates have always proven to generate higher revenues with more people working and spending more of THEIR own money. Higher rates just gives way to more government waste and higher debt.
Cons are simply not listening or reading. It would be nice to have a discussion with Cons who have at least a few facts under their belts.
You, who reelected him, bought into that "class warfare" theme and now you expect smooth sailing.
Hey, just take it away from those miserable zillionaires and everything will work out. Not so fast. IF Sequestration does kick in(and I think it's actually what he wants), you will learn first-hand, the meaning of devastation.
On a last note, I'm always amazed at what otherwise intelligent people will buy into. Is it just envy or some missing gene??
We know that lower rates in the past years has meant a worse economy, and here you advocate an even lower rate? Why run this horrible experiment any longer? Lower rates does not equal a better economy. Lower rates does not mean more work. Where have you been for the past decade? What is wrong with Cons on this site?
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Then you are in the minority as this will never happen...how will you handle the oncoming Obamacare tax?
I own a small business, and am hiring in January. Tell me again how you're a leech on the system.