Originally Posted by DonDadda59
So in summary, as you can clearly see- the theory that tax cuts for the wealthy spur economic growth and everyone reaps the benefits of 'trickle down' wealth is a lie. The facts show that the times of highest job creation, highest gross domestic product (gdp), wealth parity, etc coincide with the times of the highest top tax rate.
No, I can't clearly see that. All I've seen is a bunch of statistics thrown out. Statistics don't prove anything definitively. I'm not anti-statistic, but statistics can only be used to buffer your argument, they can't be the entire basis of your argument. I can just as easily say all of those economies would have been doing EVEN BETTER with lower tax rates, and at that point it's just my word against yours. There's no substance to anything you posted. There's plenty of statistics that show the 19th century in America was the greatest century EVER in terms of improving the living standards of humans, and this occurred with a zero percent income tax and a gold standard! So are you going to change your position to be pro-gold standard now? According to the way you argue your case, you should.
Please explain why raising taxes on the rich would improve the economy, without using any statistics. Explain why! Why does that make any sense? Why would taking money from some people who earned it, and then giving it to the government, create a better economy? Just explain how that makes any sense. Please. I'm not saying a good argument can't be made, but I haven't seen it yet in this thread.
And to say Romney has "built his entire economic plan" around lower taxes is ridiculous. Romney supports barely lower taxes than Obama. I support ZERO income tax. Romney is hardly better than Obama on taxes...he's a marginal difference.