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Fred S
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<blockquote data-quote="bbsam" data-source="post: 3319948" data-attributes="member: 22662"><p>Math.</p><p></p><p>If you have $100 subject to taxation at 40% you get $40. </p><p></p><p>If you cut the tax rate to 20%, you need to double economic activity to get the same $40.</p><p></p><p>Now the argument seem to be that cutting the tax rate spurs economic activity. Ok. </p><p></p><p>Even if you double economic activity, you still haven't even begun to touch the budget deficit or the debt.</p><p></p><p>Now who believes the economic activity will double? If it doesn't, the deficit and the debt explode.</p></blockquote><p></p>
[QUOTE="bbsam, post: 3319948, member: 22662"] Math. If you have $100 subject to taxation at 40% you get $40. If you cut the tax rate to 20%, you need to double economic activity to get the same $40. Now the argument seem to be that cutting the tax rate spurs economic activity. Ok. Even if you double economic activity, you still haven't even begun to touch the budget deficit or the debt. Now who believes the economic activity will double? If it doesn't, the deficit and the debt explode. [/QUOTE]
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