I think that Trickle down is not effective.
It's supposed to work like this.
Don't Tax the wealthy so much. They will have more to invest. And they will have more to spend. This is supposed to create more worker jobs.
More workers means more taxpayers. Everyone knows: Workers Pay Taxes. Wealthy Avoid Taxes. Also there are more workers than wealthy.
So there you have it... The treasury gets a Lots More Money from workers by reducing taxes on the wealthy.
I tried to create a Mathematical Model of this process but I kept getting Error messages that critized my competence. It insisted "17 - 4 is not equal to 23". So I gave up on that feature of the model. When I abolished the Tax Cut for the Wealthy in my model, I found the treasury had some money to reduce the deficit.
I feel the more you have recieved, the more you owe back to society. The Graduated Income Tax embodies this principle.
I also feel it would be good to actually employ some of the Idle Wealthy. Then they could have Real Jobs and Pay taxes like the workers do. This involves a small but Untouched population. It would allow the Rich to Pay Their Way.
1 comment:
The rich are too paying their way. They are paying their way and your way and my way and a lot of others as well. The statistics show that the actual paid tax burden is highly weighted towards higher income people despite recent tax cuts bu the Bush administration. Here's an analysis showing that, according to the IRS, the toip 25% income group pays nearly 84% of collected taxes. The top 50% pay over 96% of all taxes.
http://www.townhall.com/opinion/columns/brucebartlett/2004/10/19/13380.html
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