Tag: raising taxes on the rich

The following is a collegiate level research paper done by me and two others, for which we aced the course in Intermediate Macroeconomics at a private college (not infected by the ignorant indoctrination of public universities, making their degrees worthless).

In short, we keep having to prove that cutting taxes increases revenues, while raising taxes decreases revenues, making Obama's arguments completely false and vicious lies. Instead, you are playing into his hands to rewrite history, and put in the history books on his presidency that, (say with Idiotocracy Neandrathal voice) "tax cuts bad; raising taxes good." Nothing could be further from the truth. We are already operating in the prohibitive range on taxes; therefore, raising taxes will destroy economic activity, causing a drop in revenues, not an increase. It will also cause more unemployment, more government dependency, and it will be worse for the middle class. The rich will take care of themselves. The dirty little secret is, it will also destroy the (already limited) opportunities that regular folks have at upward mobility. Graduated taxation doesn't exactly hurt the rich, but removes the opportunities for the rest of us to accrue wealth. This is why it is very very stupid for anyone who is poor to middle class to favor taxing the rich. What kind of person thinks that by hurting employers he will find success? All he will find is job loss as employers seek to cut costs, and higher prices as employers pass on excess tax costs to their customers, which will now include Obamacare costs. In the end, we all pay for it.