06-23-2023, 02:17 PM
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#162
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VIP Member
Join Date: Feb 2010
Location: Rancho Mirage, CA
Posts: 1,308
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Re: The Fall f the United States, The End
Quote:
Originally Posted by Alan Roehrich
The record revenue comes from a healthy and growing economy. It's obvious. Look up the numbers. The tax rate being reduced does not necessarily reduce revenue, and in fact, reducing the tax rate, encouraging spending, investment, and production, usually increases the amount of revenue. Excessive taxation serves only to stagnate the economy, and discourage investment, production, and growth. It's a simple matter of human nature. That which you penalize is reduced. Taxation penalizes the creation of wealth. Excessive taxation kills it.
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Trickle down economics, never worked! Tax breaks to the consumer means more spending which in turn grows the economy.
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