Post
Topic
Board Politics & Society
Re: Why the Left Fears Libertarianism
by
freespirit
on 01/07/2011, 23:02:07 UTC
Quote
Not sustainable?  Based on what?  Prove it.  It's been sustaining just fine.
On the fact that sooner or later you run out of other people's money. Economically active people and businesses leave the country for jurisdictions with lower taxation (UK for example) being fed up with ever-growing number of welfare recipients. What kind of future does this country have?

That myth has been busted for awhile now

Enjoy...

http://www.nakedcapitalism.com/2011/02/quelle-surprise-tax-increases-on-rich-do-not-lead-to-exodus.html
It's almost as comparing apples to oranges. Taxation differences between US states is incomparable to that of semi-socialist European countries.
Quote
From the link above:
Quote
The general conclusion is that moderate tax increases on the rich, even if no neighboring jurisdictions follow suit, is unlikely to lead to much in the way of emigration.
Squirming again? Or should I say twisting facts? Smiley