MountainFreak
Well-known member
- Joined
- Feb 5, 2006
- Posts
- 101
It has been proven by economists that raising the top marginal tax rate will reduce the revenue received by the government. Lower the top marginal rate and tax revenues actaull increase.
No, no, and NO. This has not been "proven". Lots of data says that lowering marginal rates (ie trickle-down, ie voodoo economics) has the opposite effect. The people who see the benefits put in tax free or tax deferred accounts, or find some other use for it. The majority is not reinvested into production. It is just "excess thrust" to them.
OTOH, there are good capitalist arguments to increase the marignal rates. For one, data says the government sees the revenue. Far more important though, is it takes out the greed factor. Today, hedge fund managers, and our of control CEO's have only one goal: make money for themselves, today. They see no value to making better companies. But, if the marinal rate is high (as it was in the 50's, our period GREATEST growth), they know they won't see much of the money they skim off the company. So, they actually focus on running the company. Something conservatives and liberals should agree that a CEO should do.