|
Also, would it not be the correllary that deccrease in rates DECREASE revenue? I mean, that's almost explicitly stated, right, when you say that tax cuts do NOT 'pay for themselves'.
So, if we increase tax rates, we'll see that same percentage increase in revenue? I'm not sure if there are many examples of that, but I admit I could be wrong. If I am wrong, there ya go: solve the deficit by figuring out how much revenue we'll be under expenditure, jack up the rate to cover it, and bingo!, deficit disappears, with no bad effects on the economy.
Gonna have to sell me on that one.
__________________
"The quickest way of ending a war is to lose it, and if one finds the prospect of a long war intolerable, it is natural to disbelieve in the possibility of victory."
- George Orwell
|