Thursday, October 29, 2015

On the Bernie Sanders Plan to Reduce Income Inequality Being a Super High Top Tax Rate

Well, if you buy into the progressive notion that taxes don't influence behavior, it wouldn't reduce income inequality one iota in that the numbers are almost always based on adjusted gross income, NOT NET INCOME. Hello!!!!!................................................................................................P.S. Of course, being that taxes DO influence behavior, the Sanders plan probably WOULD succeed, but at what cost? As the historical data has consistently shown, high top tax rates almost always lead to less revenue (just ask the Swedes, Hoover, etc. - http://paranoiacstoogetalk.blogspot.com/2014/01/its-revenue-to-federal-government-stupid.html) and if you want to spend as much as this Sanders dude does, NOT GOOD.

No comments: