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<blockquote data-quote="59 Dano" data-source="post: 1056862" data-attributes="member: 23516"><p>We hit them with a luxury goods tax, which in theory didn't cost the common guy a nickel and would generate $31 million to the government annually.</p><p></p><p>In practice, it caused the loss of well over 100,000 jobs. It is debatable as to whether the government broke even due to lost tax revenue from the workers who lost their jobs, the unemployment claims that were paid to them, and the revenue lost as rich people purchased alternative goods not covered by the tax.</p><p></p><p></p><p></p><p>Taxes are at their lowest for the lower class and the economy is in the tank. I think we should <em>raise </em>their taxes instead. If you're going to allege that higher taxes stimulate economic growth --and I'd LOVE to hear how that's supposed to work-- then we should start with those who pay the least, if not those who pay none at all.</p></blockquote><p></p>
[QUOTE="59 Dano, post: 1056862, member: 23516"] We hit them with a luxury goods tax, which in theory didn't cost the common guy a nickel and would generate $31 million to the government annually. In practice, it caused the loss of well over 100,000 jobs. It is debatable as to whether the government broke even due to lost tax revenue from the workers who lost their jobs, the unemployment claims that were paid to them, and the revenue lost as rich people purchased alternative goods not covered by the tax. Taxes are at their lowest for the lower class and the economy is in the tank. I think we should [I]raise [/I]their taxes instead. If you're going to allege that higher taxes stimulate economic growth --and I'd LOVE to hear how that's supposed to work-- then we should start with those who pay the least, if not those who pay none at all. [/QUOTE]
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