One of the particularly interesting charts is withholding taxes. As the economy slows down and the tax base shrinks, tax revenue slows;
Again, this gets back to the commonsense concept that if your tax base does not grow that your tax revenues, no matter how high the tax rate, will not grow. 100% of 0 is still 0.
This simple concept is seemingly lost on the democratic presidential contenders as their fiscal policy platforms both consist of increasing taxes and letting the Bush tax cuts expire.
We're about to go into a recession. The US is faced with its largest financial banking crisis since the Great Depression. Everybody's net worth is decreasing and the dollar is worthless. And to solve this problem Clinton/Obama are going to ...
raise taxes?
Yeah, that'll get the economy going.
So sad envy and class warfare blinds the masses as to what's truly in society's best interests.
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