PA budget

[Undertoad]

The argument that raising taxes causes investment to leave the country doesn't appear to hold true.
(graph)
I don't see any correlation between GDP and highest bracket tax rate.

This may be but A) you didn't post anything related to foreign investment and B) the nature of foreign investment is extremely different today than 30 years ago. Forbes tells us that most new Billionaires come from Brazil India China and Russia these days. The world has caught up and given investors something to invest in.

I tire. Believe what you want, as you will anyway.

[Spexxvet]

Originally Posted by Undertoad

This may be but A) you didn't post anything related to foreign investment and B) the nature of foreign investment is extremely different today than 30 years ago. Forbes tells us that most new Billionaires come from Brazil India China and Russia these days. The world has caught up and given investors something to invest in.

You've done nothing to prove that raising taxes on the rich will cause investment to immediately go overseas

Originally Posted by Undertoad

I tire. Believe what you want, as you will anyway.

As also you will.

[Flint]

Going back to the original topic... if the belief is that regular middle-class folks should not have to take a hit in this bad economy, and the reality is that they already HAVE, why should there be a "protected" class of regular middle-class folks who get special treatment? Seeing as they work directly for our government overlords, they get to experience an "imaginary" economy where everybody still has a job?

The Republican governor called for public school administrators, teachers and support staff to “hold the line” and share in the economic sacrifice by agreeing to a one-year pay freeze, which he said could save school districts $400 million.

I HAVEN'T GOTTEN A RAISE IN THREE FUCKING YEARS, YET THESE FOLKS HAVE THE AUDACITY TO COMPLAIN??? Give me a break.

[Spexxvet]

Originally Posted by Flint

Going back to the original topic... if the belief is that regular middle-class folks should not have to take a hit in this bad economy, and the reality is that they already HAVE, why should there be a "protected" class of regular middle-class folks who get special treatment? Seeing as they work directly for our government overlords, they get to experience an "imaginary" economy where everybody still has a job?

I HAVEN'T GOTTEN A RAISE IN THREE FUCKING YEARS, YET THESE FOLKS HAVE THE AUDACITY TO COMPLAIN??? Give me a break.

Here's a protected class for ya, champ.

At a time most employees can barely remember their last substantial raise, median CEO pay jumped 27% in 2010 as the executives’ compensation started working its way back to prerecession levels, a USA TODAY analysis of data from GovernanceMetrics International found. Workers in private industry, meanwhile, saw their compensation grow just 2.1% in the 12 months ended December 2010, says the Bureau of Labor Statistics.

Here's another

General Electric Co (GE.N) went on the defensive on Thursday over a report it paid no income taxes in 2010, unapologetically saying it seeks to reduce what it owes, but expects to pay more this year.

...
The New York Times reported last week that GE owed nothing in federal income taxes in 2010 despite earning $14 billion, about a third from its U.S. operations.

But let's continue to screw the hard working middle class, like the folks who teach your children (the country's next generation) and the people who serve the needs of the community every day.