Wednesday, April 20, 2011

Anti-Planner makes a booboo

Here is makes a omparison between the marginal tax rate and federal tax income, demonstrating that taxing the rich does notincrease revenue.  As my readers know, the real statistic is the ratio of federal consumption to the economy.  Looking at ratios, we see that dropping taxes on the rich increase government share of the economy, mainly because rich people buy more government.

One has to get marginal gain,  when rich people see a marginal gain from more Congressional spending, they take it. Actually Congressional speding would be nearly a trillion dollars lower if rich people viewed Congressional spending as a loss.

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