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View Diary: No country for Zuckerbergs (193 comments)

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  •  Rich people have capital (2+ / 0-)
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    esquimaux, Words In Action

    Us poor working stiffs don't. A rich person can move their money somewhere with a lower tax rate. People like me don't have any capital to move around. A tax increase to the poor does reduce the desire to work harder or more hours, but for the rich, there is little change at all in their labor effort.

    So if you want to bring the deceit down during an economically challenging time, you keep taxes low for the group that WILL increase the labor supply, and raise the taxes on the group that has the lest efficiency in growing the labor supply.

    The rich will take part of their tax cut and put it into savings. So, each tax dollar in cuts is only stimulating the economy by a fraction of that dollar.

    Four out five sock puppets agree

    by se portland on Sun Oct 03, 2010 at 09:54:47 AM PDT

    [ Parent ]

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