> Sufficient tax increases for the well-off would have the same effect as punishing the working class Would they? From an economic perspective (not a social/f

> Sufficient tax increases for the well-off would have the same effect as punishing the working class Would they? From an economic perspective (not a social/fairness one), isn't it well studied that consumption (as percentage of income) is inversely proportional to higher/lower total income? So raising tax on the well-off would be more akin to raising the prime rate (i.e. decreasing the amount of well-off capital that's reinvested elsewhere) with the added effect of increasing consumption by increasing federal government spending. Note: I'm not opining on the justness of this, simply the mechanism.