4 ms·
A) The sales pitch to get rid of the tax was super slick. No denying that. The substance was thin, though. B) Like I said below: the function of a tax is not t
by crdoconnor 12y ago
A) The sales pitch to get rid of the tax was super slick. No denying that. The substance was thin, though.
B) Like I said below: the function of a tax is not to bring in revenue, and counting it a success or not because it brought in above "X" amount of revenue is staggeringly dumb. Taxes are there to disincentivize undesirable behavior and clamp down on inflation, not raise funds. Governments sovereign in their own currency are not revenue constrained.
C) The effect removing that tax had on jobs was almost negligible. Look at overall unemployment during that time. Didn't budge.
>The economy's too complex for us
Hm. Apologetics for the ultra-wealthy...