On 8/4/2011 8:17 AM, Han wrote:
(Doug Miller) wrote in

That's how cutting tax rates leads to an increase in tax revenues.

No it doesn't. That was the fallacious thinking behind the trickledown
stuff of Reagan.

What "fallacious thinking" would that be?

Yes, you increase consumption, and maybe even generate
a few jobs. But those people with new jobs don't pay but a small
percentage of their wages in taxes,

True but when the economy grows and productivity increases, EVERYBODY
gets more money, and the top half of the tax payers make more, pay more.

YOU CAN'T TAX YOUR WAY INTO PROSPERITY!

so it can never, ever make up for the lost revenue.

What lost revenue? You continue to ignore that every time tax rates are
lowered, tax revenue goes up. This can be easily verified all over the
place, and Hey Bub already referenced an example under Bush. If your
conclusion is false, your premise has no meaning...

--
Jack
You cannot legislate the poor into prosperity by legislating the wealthy
out of prosperity.
http://jbstein.com