Skip to main content

View Diary: Conservative Exceptionalism (184 comments)

Comment Preferences

  •  Preposterous GOP argument. Let's kill it. (0+ / 0-)

    They argue that if the really productive members of society have to pay higher taxes, they will lose their incentive to be as productive.  This is rediculous on its face.  In fact, the less they get after taxes, the harder they will work, and keep working, to make whatever figre they are after.  Proof?  Look at the current situation. You have all these dot com billionaires wasting their time building multi-million dollar yachts and multimillion dollar palaces rather than tending to work and being productive.  If Bill Gates only had $500,000 rather than $50 Billion, he would still be hard at  Microsoft.  And there are more like him.  I once asked a billionaire acquaintence if he would have worked less if he knew he would only have made half as much.  "No," he said.

    Incentives only work over a fairly small range, and I believe there are studies that verify this.  The rest is boodle.  So if you want economic growth, increase taxes on the rich and spend it hiring lower income groups.  Oh yeah, and raise the minimum wage $2.  

    Romney: Wrong on GM. Wrong on bin Laden. Wrong on tax cuts. Wrong on austerity. Wrong on Medicare. Wrong on Social Security. Wrong on the 47%. Wrong on FEMA. Wrong for America.

    by SGWM on Sun Nov 11, 2012 at 11:05:57 AM PST

Subscribe or Donate to support Daily Kos.

Click here for the mobile view of the site