This is about why Reaganomics and Supply-Side Economics don't work. Proof positive: cutting taxes to the rich is stupid. It's in the numbers.
This is what would be classified as a "Chewbacca Defence" of low taxation. In a word, it's dumb. Attempting to correlate work disincentives to high taxes is not only disingenuous, but utterly bound-up with the concept that GDP is the only effective measure of economic well-being. If a German family doesn't have to spend the money on health insurance that an American family does, then the disincentive to work is actually the lack of need of income to cover costs, not the lack of interest in getting a job. People mainly work because they need money, not because they enjoy paying lower taxes. This article is the kind of non-sequiturish reasoning we're up against.
Slightly less numbers and more to the point, but on the right track nonetheless.
Funny, but sad.
A few links to follow regarding a change in attitude towards raising revenue in the USA which embraces...
...a study that says higher taxes do not equal capital flight. Hmm. I think I heard that somewhere else before.
Enough to tide us over for now, perhaps... but the fact doesn't change: higher taxes on the rich increase government revenues without severe impact on anyone's pocketbook. I'd be happy to make more than four million bucks a year, even if it meant I was paying six million in taxes. Four million bucks is more than I have now.
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