
Originally Posted by
DuncanONeil
I believe this is referred to as denial!
Do not know what your source is but it sounds a lot like wishful thinking to protect the real perp.
Simple statements with no support. A logical look at this should suffice. If people have more of the money they worked for then they can choose what to do with that money; save it, spend it, invest it. In each case this money creates work for someone, that work generates income that income is taxed. since there is an increase in income then the revenues to the Government increase.
The greatest cause for Government income problems is the fact that there is no restraint on the Government checkbook. Would you not love the ability to increase you credit line if you were getting close to that limit? Even under the current conditions, when any sane person would realize that income is down and the need to cut spending the Government is doing just the opposite! Where does the Government get its money? Especially when they have "promised" to see that there is not one dime in tax increase for people earning under a certain amount. What is a fee on a business other than a tax? When taxes are increased on a business who pays that tax?