Taxes on the affluent should be increased.

I would say it is very foolish to say taxes don't kill jobs. Even many liberals conside that high taxes can harm growth. Profit is the force the power that powers capitalism. By taking huge portions of peoples income, you reduce business profits which hurts business expansion. High taxes lead to low wages and less products. Low taxes means more production, so the standard of living for the poor increases. You can say that extra money will not be invested, but rich people also spend a ton of money on luxury goods. That stimulates the economy. Taxes are a black hole that sucks potential capital from the economy and then wastes it on all forms of government "services." You can say that taxes are repaid in the form of services, but what use full services does the federal government provide? Most taxes are just generational theft that takes money from poor young people and gives to the elderly. Other tax dollars go to lovely "services" like corporate welfare that takes the money of small businesses and gives it to big ones. Or maybe your dollars will fund wars or even the lovely NSA. They could be used to build notoriously inefficient highways or throw billions of dollars at the failed government monopoly known as the education system that creates schools so bad they only continue the poverty cycle. How do any of these programs create jobs? If business had more money and less regulation, they could produce goods cheaper goods. Maybe there would be demand for these cheaper goods. Think of all the innovation and production that could be achieved if tons of capital wasn't siphoned out of the economy. As for revenue, government revenue had been at 19.5% of GDP since the 50s. If can claim that low taxes doesn't create jobs, you need to check out the results of tax cuts in the 20s, 60s. In the 80s, tax cuts were implemented in the US, Britain, and Chile, all to great success. Even JFK, who liberals DROOL over, was a big supporter of tax cuts. He said this, " The final and best means of strengthening demand among consumers and business is to reduce the burden on private income and the deterrents to private initiative which are imposed by our present tax system -- and this administration pledged itself last summer to an across-the-board, top-to-bottom cut in personal and corporate income taxes to be enacted and become effective in 1963. I'm not talking about a "quickie" or a temporary tax cut, which would be more appropriate if a recession were imminent. Nor am I talking about giving the economy a mere shot in the arm, to ease some temporary complaint. I am talking about the accumulated evidence of the last five years that our present tax system, developed as it was, in good part, during World War II to restrain growth, exerts too heavy a drag on growth in peace time; that it siphons out of the private economy too large a share of personal and business purchasing power; that it reduces the financial incenitives [sic] for personal effort, investment, and risk-taking. In short, to increase demand and lift the economy, the federal government's most useful role is not to rush into a program of excessive increases in public expenditures, but to expand the incentives and opportunities for private expenditures." He also said this, "This economy is capable of producing, without strain, 30 to 40 billion [dollars] more than we are producing today. Business earnings could be seven to eight billion higher than they are today. Utilization of existing plant and equipment could be much higher -- and, if it were, investment would rise. We need not accept an unemployment rate of five percent or more, such as we have had for 60 out of the last 61 months. There is no need for us to be satisfied with a rate of growth that keeps good men out of work and good capacity out of use." And this, "Our true choice is not between tax reduction, on the one hand, and the avoidance of large federal deficits on the other. It is increasingly clear that no matter what party is in power, so long as our national security needs keep rising, an economy hampered by restrictive tax rates will never produce enough revenues to balance our budget -- just as it will never produce enough jobs or enough profits. Surely the lesson of the last decade is that budget deficits are not caused by wild-eyed spenders but by slow economic growth and periodic recessions, and any new recession would break all deficit records." This is why i believe that taxes and regulation should be cut by massive amounts to release the means of production of this nation. http://midimagic.sgc-hosting.com...