Quote:
Originally Posted by Riot
You have very unique financial ideas, not shared by most economists. Not shared by any economist I've seen, but I'm sure there are some out there. Can you quote any?
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As I have said before, the economy doesn't operate in a vaccum. let's say that we did eliminate the cuts and raise taxes. Lets say that causes our economy to stagnate as the mega rich move more money offshore or to tax shelters or they stop investing in their businesses, ect. The slowing down of economic growth would most certainly cause the extra money supposed to be raised by the cuts to be lower than suggested. Add in tax reciepts overall decreasing as the economy gets worse. Not a good picture.
One underlying reason the Democratic leadership is supporting rasing taxes outside of the liberal agenda of taking from the rich is that they know they need a whole lot more money to support the Obamacare debacle. That money that they would take from the "rich" wouldnt be used to reduce the deficit. Anyone who believes that is beyond naive.