Quote:
Originally Posted by Nebe
I knew exactly who would have paid for it.
The greatest growth this nation experienced was when the 1% was taxed at something like 70%.
It the family that owns Walmart was taxed at 70% I guarantee you that they would pay their employees a heck of a lot more.
Maybe you would get paid more too
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There is a natural inflationary response in the economy when one of the monetary components is increased. If wages go up, prices go up and the consumer pays more. If taxes are raised, prices go up and the consumer pays more. Conversly, if prices go up wages will also. And if prices go up, more taxes will be collected. In all cases, the consumer will carry most of the burden.