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Government Shutdown
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<blockquote data-quote="Proximity" data-source="post: 7294972" data-attributes="member: 589997"><p>I simply disagree. Maybe it has some effect, but it's marginal at best. Plus it's not like we're talking about doubling taxes. At a 5-10% tax increase I would guarantee that it would have no effect on hiring. It's just more propaganda and lies that have worked their way into the minds of Americans over the past 50 years.</p><p></p><p>I mean, during the Great Depression, the top tax rate was in the 80s, yet look how fast the GDP rose during the 30s:</p><p></p><p><img src="http://www.economicshelp.org/uploaded_images/Gdp-us-20-40-767020.jpg" alt="" class="fr-fic fr-dii fr-draggable " style="" /></p><p></p><p>And unemployment was going down:</p><p></p><p><img src="http://www.econreview.com/events/images/urdep.png" alt="" class="fr-fic fr-dii fr-draggable " style="" /></p><p></p><p>Cleary taxes do not hinder growth or job creation.</p></blockquote><p></p>
[QUOTE="Proximity, post: 7294972, member: 589997"] I simply disagree. Maybe it has some effect, but it's marginal at best. Plus it's not like we're talking about doubling taxes. At a 5-10% tax increase I would guarantee that it would have no effect on hiring. It's just more propaganda and lies that have worked their way into the minds of Americans over the past 50 years. I mean, during the Great Depression, the top tax rate was in the 80s, yet look how fast the GDP rose during the 30s: [IMG]http://www.economicshelp.org/uploaded_images/Gdp-us-20-40-767020.jpg[/IMG] And unemployment was going down: [IMG]http://www.econreview.com/events/images/urdep.png[/IMG] Cleary taxes do not hinder growth or job creation. [/QUOTE]
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