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Topic review - Basic Economics
Author Message
  Post subject:  Re: Basic Economics  Reply with quote
Well, more because the rich invest, and the investment money is used to make loans to business, so when investment money is less due to taxes, jobs dry up. Also, purchasing. More taxes means less purchasing so goods don't sell so jobs are cut.
Post Posted: 27 May 2016, 06:20
  Post subject:  Re: Basic Economics  Reply with quote
Or the whole fallacy of taxing the rich more; which typically translates into higher taxes for the poor. Because... the rich always find out ways to evade high taxes if it's imposed on them, so the government ends up LOSING money, thus having to raise taxes for everyone else even higher. It's also not fair to the rich, either.

That's my take on it, at least.
Post Posted: 26 May 2016, 13:21
  Post subject:  US Deficit, Revenue, Tax Receipts Historical Charts  Reply with quote
Useful sites:

Multipurpose database, lets you customize the data by year(s), create line or pie charts from it, click here.

Scary Social Security OASDI receipts' graph versus IMMEDIATE outgoing expense, proves it's bankrupt, and is only breaking even through 2019! Click here.

!940 onward chart of Federal Taxes collected versus the budget, showing the deficit each year, including inflation adjustment and GDP percentage conversions: click here.
Post Posted: 06 Feb 2016, 18:08
  Post subject:  Basic Economics  Reply with quote
Thanks to Jammer in BC for this, click here.

My own way of explaining taxes so we can explode the fallacy that taxing business is ever good for the poor:

https://www.youtube.com/watch?v=KedL-5pTFFY
Post Posted: 19 Aug 2015, 19:43

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