Increasing taxes won’t increase their total tax revenue. Politicians have tried this for decades. It doesn’t work. The only way to increase tax revenue is for the economy to grow… and higher tax rates do not pave this path to prosperity.
Ron Paul was spot on. Economic ignorance abounds. And all the Talking Heads in the mainstream media blathering away about the Fiscal Cliff are only reinforcing his premise.
Bottom line– the Fiscal Cliff doesn’t matter. The US passed the point of no return a long time ago.
Guess what they’re NOT cutting in the Fiscal Cliff…
November 15, 2012
[H/T Tyler Durden.
I’m headed for a cabin in the woods this weekend. What are you doing?—Joe]