Now that the "squishy" Republicans are gone from Arizona politics, I wonder who conservatives will blame next for Arizona's increased deficits, taxes, and tuition and the reductions in services that we are already experiencing?
Perhaps it's time to rename the conservatives the "Pirate Party," since their motto seems to be "Take what you can, give nothing back."
Hey, dinah, the proof is easy to find on the net. Marginal tax rates went below 30% twice in the last century, once in 1925, just before the Depression, and in the late 80's, which led to the current mess. America's strongest economic performance was in the 50's and 60's, when the marginal rate was 90%.
Charles: Your boat tax comment is well timed, although actually unrelated to the "taxes" that you rail about. Those boat and luxury taxes were SALES taxes, not income taxes, and they work differently. Apparently it's Republicans and Tea Partiers who forget how people actually respond to taxes. High sales taxes killed the boat business, because that's what happens when you penalize consumption, yet a congressional candidate in CD-8 is for tripling the sales tax.
The comon belief that tax rates have something to do with jobs is a fallacy. Employees are a tax deductible expense, and employees add value, they create additional profits. Taxes take back a small portion of those profits, the business owner keeps most of it. Thinking that a business wouldn't hire an employee because they would only get to keep 80% instead of 90% of every extra dollar that the employee earns is naive.
Recent Comments
Perhaps it's time to rename the conservatives the "Pirate Party," since their motto seems to be "Take what you can, give nothing back."