Suppose you are looking at the Sunday ads. Your favorite store is offering a 40% off coupon. Are you going to take the discount? You bet.
Now ask yourself: Why is the shop offering the deal? Simple: to gain more traffic. Higher volume=higher profit.
He is not going to give away his product, but at a discount, he will gain volume thus more profit.
It is really a no brainer. Same concept with taxes. C=mon Pri_dk
The problem with libs is that very few actually have to produce something somebody will pay for to earn a paycheck. Once you do, you will see the light;)[/quote]
The problem is, lowering tax rates have never actually worked to increase revenues. It didn’t work when Reagan tried it. It didn’t work when Bush II tried it, a budget surplus turned into a deficit and the economy was stagnant, before it fell into the worst recession in 90 years. When Clinton raised marginal tax rates, revenues increased, and the economy prospered.
A growing economy increases revenues. Always have. Slight downward adjustments to tax rates never have.
The problem with supply-siders is, they tell the lies so often they actually believe it, despite no empirical evidence that it actually works.
Neither does your analogy to the 40% off sale. Taxes aren’t optional. Nobody “buys” more taxes because the rates are 5% lower.
