@cicerone imposter,
cicerone imposter wrote:
Cutting taxes do not stimulate the economy; that's a conservative myth perpetrated upon people who do not understand economics. Jobs stimulates the economy which in turn increases tax revenue. The rich and famous do not invest more into the economy based on tax cuts; they already have enough money to last several generations of their family. Without taxing those who could most afford to pay them, the increasing debt passes on to our children and grandchildren.
Cutting taxes is beneficial to the economy if the taxes are much too high beforehand. Allowing people to retain enough of their income to buy consumer goods is a stimulating influence to business, and beneficial as long as taxes remain high enough to support necessary government activities.
The rich are, of course, most able to afford to pay taxes, but they have no obligation to fork over a much higher percentage of their income than other people do. People who are successful because they or their ancestors worked hard or were clever deserve to keep most of the money they make, as does everyone.
