Quote:
Originally Posted by WarrenC12
LOL what?
As for the 0-100 example, of course that's true, but it's meaningless.
Now prove to me that we've set taxes high enough to reduce revenue? The economists working at the Ministry of Finance have predicted an increase of ~$200M from this additional tax bracket alone. Do you disagree with them?
FYI, here's what trickle down means:
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Lol they did an absolute and didn't account for any decreases due to increases in tax avoidance or increased tax mitigation. If you don't account for human behavior its obvious your numbers are flawed and made to score political points. Same goes for their last budget that predicted increases in real estate sales even after their new Speculation and School taxes.
And its not meaningless, I just proved that the curve you said was bullshit is real.
And the concept behind trickle down is that if you give someone more money they will spend more and pay people more. The same concept can be applied to governments, people assume if we pay them more taxes they will spend more and pay people more. Unfortunately the trickle down concept is not 100% for both the private and public sectors. More taxes is not necessarily better.
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