meazza

Would depend on the increase in tax revenues from low elasticity goods compared to decreased consumption and tax revenues from high elasticity goods. But most likely, yes it would reduce the debt.

Assuming less consumption, USD will be less in demand.

You don't as Conner clearly keeps bodyslamming you in his debates

Good show there No I don't but I grew up to parents who did.

Some people have the "everything's gonna be alright mentality". Of course the world won't explode, but the quality of life will suck. But as long as everything's alright.

So why do you come here? Are you forced to read?

What you're going to be going through, I already lived through it. I live in a country that has NHS. My oldest brother who needed a doctor for a checkup was rejected by every family doctor he knew. His solution, pay 1000$ to get a checkup from the now semi-private clinics. How great that someone who probably contributes more to income/sales tax in a year because of the substantially higher tax bracket also has a little side charge to get some decent health care. Care to explain that? Who's predicting anything? It's already happened, just not where you live.

That's flawed logic.

Unless he's in prison.

Or maybe this is more suited for Bush?

I'm saying personal benefit. As in, for me to pay 1$ more for a soda will piss me off less than someone who has 10 times my income. Of course I understand the concept, but that doesn't mean I have to agree. One thing I've noticed is that wealthier people actually tend to be more frugal. One reason why they're in that position to begin with.

If I have 1 M in my bank account and you have 100 dollars in your bank account, the benefit of making 1 extra dollar will be a lot higher for you than for me because I have 1M and you have 100D. *I'm tired so i explained it rather quickly and crudely.*

That's because originally the tax system was incorrectly done. Had there always been a flat tax, there wouldn't be big winners and losers once the "new flat tax" would switch the old method. The real argument is economists favorite which is the marginal benefit of one extra dollar by a wealthy person in comparison to a poor person. Of course I don't subscribe to this argument since I live in a country where you're taxed to death.

Maybe he's the Messiah? But regardless, if he is playing a moran, i don't think he can be topped.

I'm really starting to believe that he's not stupid, just mentally challenged. Kind of sad really.

And when they do, they're subject to double taxation... Ah well.

Well since GM is owned by the government, I'd say that has no material impact on tax revenues... Secondly, the returns are actually returned to the shareholder.

Try 15% and welcome to my world. Although with CADUSD at par, I'm thinking driving south to pick up a nice SUV isn't such a bad idea right now.

This is always an enlightening comment: "Money, its not real. I pay high taxes but lead a decent life. So people get my money back for making less...life goes on. More money, more problems. Less money makes you appreciate what you have and what life is really worth living for. Keep taxing the rich hardcore! Trickle down economics is a joke"

Haven't seen anything that would make it NSFW... Hopefully i don't get fired tonight

This ones better.

Better the Sabres than the Sens, Leafs or Bruins. Mazel tov

Whatever dude

I wonder if he feels the same way about Catholic Priests.

No idea...