Quote:
Originally Posted by JPhillips
All of those are political decisions that can be changed with different political decisions. Just going back to the Clinton tax rates would largely take care of the deficit and obviously not threaten the economy.
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Raising taxes has risks. I wouldn't say obviously there. Discussion of the Laffer Curve is certainly controversial with the left, but there are valid arguments to be considered.
I think the biggest long-term threat to our standard of living is the real unemployment rate (not the sanitized version produced by our politicians). We don't necessarily solve our problems with higher taxes, we solve them by putting more people in a position where they can pay taxes.