Then you don’t understand the economy. The wealthy provide capital for investment. They don’t bury their money in the back yard. They take risks and create jobs with it. You tax that money and you restrict the available capital for investment. That raises the price of capital (loans become more expensive).
That is a generalization.
Of course it is.
The wealthy don’t all take risks and stimulate the economy. SOME do, but not all. When you speak so broadly about something like that it doesn’t lend credit to your case concerning economic know-how.
How do wealthy folks hold their wealth minus risk (other than via strategies such as burying their money in a hole in the ground)? Enlighten me.
I’m not sure that it’s entirely fair to tax people with higher income higher rates, which is one of my problems with Democrats. But I promise you McCain’s continuation of the war (regardless of its basis) is going to accomplish nothing but raising the deficit.
You’re scaring that other guy.
What economic reasoning supports your thesis, please?