Thursday, December 15, 2011

Republicans: Why or why not do you support taxing the wealthy?

Raising taxes takes money out of the private sector where it creates wealth, and puts it in the governments hands where it is spent. Any jobs the American Recovery and Reinvestment Act of 2009 (AKA The Great Generational Theft Act of 2009) "creates", are temporary, and does not produce wealth or grow GNP (Gross National Product=total dollar value of all goods and services produced in the nation) Without wealth being created, eventually revenues from taxes decrease, as people lose jobs, incomes are reduced, people have less to spend, profits fall, loans go into default or bankruptcy, credit freezes. and the eonomy stalls. More money then has to be borrowed to replace those lost revenues, to pay for govenment spending. Not to mention you risk the possiblity of going into a deflationary nightmare that spirals out of contro

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