3 ms·
That is probably what he meant, but it isn't rooted in reality. If that was the case, then you would expect to see most of the rich as republicans, but in actu
by krschultz 16y ago
That is probably what he meant, but it isn't rooted in reality.
If that was the case, then you would expect to see most of the rich as republicans, but in actuality a lot are democrats. Taxes are not the most important issue for a lot of people in the upper class.
Lets forget the social issues which can be drivers of that, and focus strictly on the numbers.
A rational person wants to maximize the amount of money they have in their pocket at the end of the day. If government policy had no influence on the economy then obviously the best way to do this is through lower taxes.
But what if government policy does have an influence on the economy? I would rather pay 35% taxes on $100,000 than 30% taxes on $80,000.
This effect gets magnified at the top, especially when bonuses are in play.
Believe it or not, history has shown the economy to be better under democrats than republicans in the post-war period, and this will only become further exacerbated because this data doesn't include what has happened in the last 2 years.
http://www.slate.com/id/2199810/ http://www.slate.com/id/2199810/