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One of the many reasons government sucks in managing an economy is it rarely takes into account unintended consequences, or in this case, entirely predictable consequences. Human beings will always change their behavior in response to changes to laws, taxes, and regulation.
10 Reasons Why Raising Tax Rates Decrease Total Revenue (and Vice Versa)
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Lesson of the day: The politics of greed and envy, lets tax the wealthy,they can afford it and they should have to pay their far share. So just what is a fair share? This is what the dems are running ads on right now, that somehow the rich don’t pay any taxes or less than a waitress. Always expressed in a percentage and not dollar amount. Let’s put it in dollar amounts and see just who pays what. It’s always the same playbook– Envy, Greed, sexism, racism, republicans are evil and for the rich and will start world war. It never changes. Personal attacks is all the dems have and do. I have watch how the state of the country grows under conservatives and how it gets destroyed under the dems.The dems have nothing to run on that benefits the people, just outright lies and made up BS about republicans. The sad part is that the low/no information voters eat it up. The so-called smart and educated college types who have been brainwashed through our government indoctrination system as well will vote dem.