You can’t increase tax revenues by taxing the rich more

[Bruce Nunnally]

Texas Startup Blog

Hauser’s Law suggests, “No matter what the tax rates have been, in postwar America tax revenues have remained at about 19.5% of Gross Domestic Product.”

This is an amazing discovery that should help policy makers understand what their goal should be. The act of raising taxes has ZERO effect on revenues, while GDP has everything to do with revenues. If you want to raise money you simply need to figure out how to raise GDP. If you can accept the historical fact that no matter what the tax rate is, our government can ONLY collect 19.5% of GDP, you can focus on the real game - raising GDP

More at Texas Startup Blog.

Another source article: Wall Street Journal: You Can't Soak the Rich

[rek]

You can't continue to soak the taxpayers either. Businesses are tax collecters, NOT taxpayers, in that business collects "Tax" from their customers.

Taxpayers foot the bill, for everything. What's leftover is their buying power. No buying power, Enter Credit. Excess credit, No savings, here we are today. Add provoked deficit

spending with outsourced jobs into the mix.

Blood in the sand has been labeled as an act to "Protect Our Freedom". FREE MEN are NOT owned.... by Government/Banks/Businesses.

Elections may be won by the "Rules", but legitimacy is formed through public acceptance.

If we keep doing what we have always done, we'll keep getting what we have always gotten.

Staying the "Course", but expecting different results, is NUTS.

[WarrenJ]

If only it were possible to tax ourselves into prosperity . . . but I think not.