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Can Taxing The Rich Save The U.S. Economy?

An in depth perspective as to what taxing the rich will do

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Short answer, no.

But dealing to the corrupt would help.

If the richest 1% of Americans were taxed at 100%,

it would only fund the US government for one month.

“It is not our part to master all the tides of the world, but to do what is in us for the succour of those years wherein we are set, uprooting the evil in the fields that we know, so that those who live after may have clean earth to till." -J.R.R. Tolkien

Cyril's picture

Can fire heal third degree burns ?

Can fire heal third degree burns ?

Yes : enough of it can turn the wounded into ashes. No more burns wounds, correct.

"Cyril" pronounced "see real". I code stuff.


"To study and not think is a waste. To think and not study is dangerous." -- Confucius

It might help. The US

It might help.

The US government and the federal reserve have engaged in policy, especially over the last 12 years, of making access to money high. By lowering interest rates, changing reserve rates, and by lowering tax rates, rich individuals and businesses have more money than ever to play with.

When the barrier to investment is so low, it causes malinvestment. If the government raised the barrier to investment, no matter how, it would help lower future malinvestment.

Admitedly, tax rates play a far lower role than interest rates, since most job-creaters borrow and don't spend from profits.

Plan for eliminating the national debt in 10-20 years:

Overview: http://rolexian.wordpress.com/2010/09/12/my-plan-for-reducin...

Specific cuts; defense spending: http://rolexian.wordpress.com/2011/01/03/more-detailed-look-a


The end.