this post was submitted on 30 Jun 2023
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Going to take an easy one for you.
"What is the result of lower taxes (the right wing is for lower taxes for everyone, not just the rich - your 1% claim is an outright misrepresentation of their views): more money that can be used to invest."
We have the data over the past 70 years to show that is 1000% false. Straight up false.
Go look at economic investment in the 1950s to now. Seriously, go look it up. When we had the highest tax rates, especially corporate tax rates, we had the highest level of investment into research and salaries.
When you have the lowest tax rates, what you get is stock buybacks and huge salary payouts to executives. You obviously have done very little research in how low tax rates work in reality. Hint, it doesn't trickle down. And we know because we have hard facts and how the markets have worked over time.
EDIT: And I want to give you the reason why high tax rates lead to more investment. If you have a choice between lowering your tax burden by using it for research and salaries, you would rather do that than give it to the gov't. That is why high tax rates work.