Quote:
Originally Posted by misher
Personally feel like high taxes on the wealthy are short-term just like borrowing. In the end you kill the chicken for its meat while foregoing the eggs. You generally see this trend in high tax states in America. You can get away with moderate taxes but once you raise them to high enough that the rich are mad, they will leave or seek to avoid them.
|
California has significantly higher taxes and GDP per capita than the US as a whole.
Good thing we have real live examples to show what happens under different philosophies.
Give this a read:
https://www.latimes.com/opinion/op-e...622-story.html