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<blockquote data-quote="audiolife" data-source="post: 7136153" data-attributes="member: 541383"><p>Also on the flip side with government debt, tax rates are not revenue and tax rate manipulation is just another way government uses to pick winners and losers (has no right to do this anyway). Rates do not mean more revenues either. If things are to be had at a better price people spend their money accordingly to the risks involved. People can buy and trade more things the more revenue , businesses and government can generate via taxes on what is actually done.Who pulls more revenue Macy&#039;s (high tax rate) or Walmart (low tax rate)? Prices are better at Walmart so people spend more money there. More revenue to tax = more money for the government. To compare this economy to 60 year old economies is like trying to get speed ideas for a current formula 1 car from an old model t ford. To look at just a tax rate and say its good while ignoring the condition of the economy and what is actually driving the economy is also ignorant. To have a good economy you must lead the way not fall behind.</p></blockquote><p></p>

[QUOTE="audiolife, post: 7136153, member: 541383"] Also on the flip side with government debt, tax rates are not revenue and tax rate manipulation is just another way government uses to pick winners and losers (has no right to do this anyway). Rates do not mean more revenues either. If things are to be had at a better price people spend their money accordingly to the risks involved. People can buy and trade more things the more revenue , businesses and government can generate via taxes on what is actually done.Who pulls more revenue Macy's (high tax rate) or Walmart (low tax rate)? Prices are better at Walmart so people spend more money there. More revenue to tax = more money for the government. To compare this economy to 60 year old economies is like trying to get speed ideas for a current formula 1 car from an old model t ford. To look at just a tax rate and say its good while ignoring the condition of the economy and what is actually driving the economy is also ignorant. To have a good economy you must lead the way not fall behind. [/QUOTE]

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