Would you favor tax hikes to increase economic growth?

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DavidCarringtonJre

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Tax hikes generally don't promote growth. At best they're growth neutral, as they pull money out of one sector of the economy and funnel it into another.

But spending cuts also put drag on the economy, which supply-side mythologists like to ignore.
 
"Tax hikes usually correspond to higher government spending.

Government spends money on things that the private sector does not spend money on: physical infrastructure, social infrastructure, market infrastructure, and defense. These are the things that create a world in which doing business is possible. The worse those things are, the worse business is. The better they are, the better business is."

http://www.alternet.org/workplace/119048/why_you_should_be_screaming_for_higher_taxes/

Would you pay more taxes if it benefitted YOU, as opposed to the common good?

Any comments like "Obama is a Marxist" will be ignored, as you would be showing your lack of credibility and intelligence.

Thanks to everyone else!
 
The common good DOES benefit me. If I live in a rich, happy and healthy society, then chances are I will be rich, happy and healthy. If I live in a dog eat dog world, then I have to choose to be either a victim or a predator. And I do not like either role.

Between us my husband and I earn over $150k each year. We would be glad to pay more taxes and see our Universal Health Care scheme returned to what it used tobe, the Old Age Pension raised to a decent living standard and education paid the attention it deserves.

Because all that is happening at the moment is that we are paying out of our own pockets to give to charities who are trying desperately to plug up the holes in the Government Sector....and it is not working for us, or for the needy.
 
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