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View Diary: Pew: Public says raising taxes on rich good for economy, fairness (39 comments)

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  •  Here is how: (0+ / 0-)

    Raise taxes on the wealthy.

    Use the revenue to fund infrastructure, broadly defined. Hire workers to fix roads and bridges. Hire teachers to educate our children. Fund basic research. (This is why the space race fueled prosperity.)

    This accomplishes two things. It puts money in the hands of citizens who will spend it (thus creating demand) and it accomplishes vital work that will make the nation richer in the future.

    It's not the tax increase itself that leads to prosperity, it's what we do with that revenue.

    Money in the hands of the wealthy is "dead money". They don't buy things like you and I do.

    Occupy is the symptom. Fundamental reform is the cure.

    by Tim DeLaney on Thu Jul 19, 2012 at 03:13:16 PM PDT

    [ Parent ]

    •  But doesn't that assume... (0+ / 0-)

      That the govt can spend it better than businesses and consumers?  If you take it from the rich, that's money they won't spend or invest. This only works if gov't can spend it more efficiently than the private sector. We've had record spending over the past five years and job creation has been terrible. What will happen when we raise taxes to pay for the debt we've already incurred "creating jobs"

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