Raising taxes on the well-off creates jobs
Isn't raising tax rates on the wealthy more than about getting revenue from them?
Isn't it about having higher rates as an incentive to shelter those earnings/dividends via reinvestment?
To reinvest back into their business or others to create jobs and circulate money?
It would seem to me that the goal of higher tax rates on the wealthy would not be that the government would even collect that amount but rather those facing that rate would shelter that money back into the system rather than pay that rate.
So a high tax rate on the wealthy would act as a deflection or incentive rather than low rates which encourage money to be pulled out and stashed away.
This reinvestment then would evolve to pay off exponentially in tax returns as more people are hired, business is expanded, and people get pay raises which are all shelters for the wealthy.
If I am correct in my assessment then why are we stuck in the mainstream TV and radio with no one (or hardly anyone) describing this and Republicans being allowed to debate the numbers as if the only revenue received by the government would be from the increased rates themselves rather than what those rates would inspire in the form of shelters by the wealthy?
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