Nancy Alvarez82 said:Neither hikes in sales tax, nor the failure to eliminate zero-rated rates, nor aggressive digital auditing, nor the relentless hunt for tax evaders, nor freezing debtor assets, nor any of these debt restructuring schemes for citizens and businesses, nor even cracking down on corporate profit stripping has done a single thing to actually boost federal tax revenue.
In fact, revenues have plummeted quite drastically because the American public and the entire economy have been bled dry by these frantic, predatory tax hikes.
The inevitable fallout from this mess will be diminished social services, gutted pensions, mass layoffs, and a mounting pile of new national debt.
Basically... it’s a total CATASTROPHE.
To put it in the words of a politician whose party is merely the third-largest non-nepotistic entity left in Washington after the Democrats and Republicans—referring to a certain moderate lawmaker—he suggested that the people running this country ought to pick up a modern economics textbook once in a while.
And that is precisely where the truth lies; we are being led by people who are hopelessly stuck in the past, simply because the global economic landscape has shifted entirely since the last time they bothered to open a book.
The real question is whether they've read any economics book at all, let alone a NEW one...
because this axiom:
"The power to tax is the power to destroy" isn't exactly groundbreaking, and it certainly isn't newer than 1976:
"The power to tax is the power to destroy":
http://www.fee.org/the_freeman/detai...#axzz2Pt9faJ20
(OCTOBER 01, 1976)