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Subject:  Re: The Fiscal Cliff-Solving the wrong problem Date:  11/16/2012  3:33 PM
Author:  Knighted Number:  408723 of 535124

"if they don't invest their savings they get taxed. If they do invest it, then they don't."

That's a downright funny proposal. Do tell: what do you think the rich do with their money currently? They invest nearly all of it already, with a small portion going toward spending. That money is then put to good use by companies who borrow it to expand their operations and future production, which grows the economy. You seem under the mistaken impression that the rich simply squirrel their money away under some gigantic mattress.

As for your appeal to authority & subsequent reference to the Clinton tax rates as somehow being proof that tax hikes are good for the economy, all you've done is prove that doctors in physics can still be completely ignorant of the basic fundamentals of statistics that Madcap referenced in his post above.
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