An interesting read... but doesn't really take everything into account. But whatever, we'll go with it for now.

For me, I believe that raising taxes on the rich, ultimately effect the poor at lot more than those advocating it, would like to admit. There are two reasons for that: (1) prices go up to account for money lost, and (2) people move their money elsewhere.

(1) I make $100 (for example) yearly selling hot dogs, and am doing very well. Now someone says they're going to take $10 of my $100, well what am I to do? Either I adjust my spending habits and tell my family I can't afford everything they want, OR I raise the price of hot dogs to cover the loss. Which do you think is going to happen?

Of course the prices are going to go up... and if they go up, who is that most going to hurt? That's right, the lower income folks buying the hot dogs.

(2) Now continuing with my example, I realize that I could keep more of my $100, if I move my business to another country... one with lower taxes. So I take my business and my $100, and now put it somewhere else. The government can't take out income tax, because my business is "based" elsewhere, and can't tax the money I currently have because it's somewhere else as well. Now the government has less money FROM me, as well as all my rich friends. They've got less to spend, because instead of taking a little from everyone, they're taking a lot from a little.


When it comes to taxes, I always believe "less is more." Partly for the reasons above... but mostly because I don't really believe the government needs any more money. They just need to start spending what they've got more intelligently.

One interesting thing to mention is that the more money we have in the market, the better the economy is...as long as it isn't because of inflation.

If we eliminate all income taxes...the money will go into the market. Because of the sales taxes, a lot of that money will go to the government.

It's a win/win situation, because the government still gets their money (albeit less than they would otherwise), AND the economy starts booming.

That's not about to happen in the next ten years as long as you have a democrat or a republican in office. Both parties are now committed to bigger government and more regulatory powers, even though neither can seem to pass a bill that does not cater more to party cronies, and lobbyists who provide a great life for politicians, than the people who elected them.

Both parties are completely corrupted, and are both moving now toward a country of no freedom, and less reporting of the truth.

I hope you're not talking about the stock market. because the FED is now starting to take control of almost every aspect of that.

How does the economy start to boom when there is no work? The only man who was willing to take on the FED & the IRS, was squelched .. hence, nobody knows the truth.

I couldn't agree with you more. But a guy can dream, can't he?

Well, right. I was talking about the income tax in general. If we have more money floating around (that is not from inflation) the economy will fare better