Why does tax reform never happen?

Started Nov 16, 2012 | Discussions thread
lol101
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Re: Why does tax reform never happen?
In reply to Airless, Nov 19, 2012

Airless wrote:

lownine wrote:

Airless wrote:

Reducing consumption does not remove money from the economy because people will instead turn that money into capital investments.

Capital investments to do...what? Expand factories and product lines and employment to produce more for reduced consumption?

Not more stuff, better stuff and with more efficiency, resulting in higher profit margins.

Again, you're never addressing what happens when you're producing less stuff (with better quality) with more efficiency...

Usually, it means more profit for high earners and closing factories but your tax will probably change that magically.

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