Off-Topic: Bar Stool Economics
(Bear Creek Reservoir Specific)
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Name:
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water_watcher
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Subject:
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Bar Stool Economics
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Date:
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10/20/2008 3:15:49 PM
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This has been around for a while and it is excellent. The sad part is the liberals just don't get it. They look at the dollar tax cut and say it is unfair when it has always been the smallest percentage and they ignore the fact that the wealthiest already pay the highest percent of taxes.
Just like businesses that are over taxed, they ship the jobs overseas and some have even incorporated in other countries to avoid the over taxation so they can compete in the world economy. The same choice exists for wealthy individuals. Stick it to them, over tax them and they will find a way to shelter their income from the government.
That is why socialism has never worked. There needs to be incentives to do well, grow and create jobs. From that tax revenues increase. Tax increases have historically resulted in lower tax revenues, not higher. Tax cuts that stimulate the economy have resulted in higher tax revenues.
Look at cities like Chicago that have "all democratic" leadership. High sales taxes, high property taxes, a city tax .... yet one of the worst in developmental education, one of the highest crime rates, corruption in government, big unions, one of the highest percentage of poor, high unempolyment and a city budget that is close to bankruptcy and looking for a bailout.
But they now have so many people that rely upon the government to take care of them, they keep voting in the democrats. Wasn't it Einstien that said the true definition of crazy is to keep doing the same thing over and over expecting a different result.
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