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80 billions reduction in the deficit EVERY YEAR for 10 years (including not having to pay the servicing on those 80 millions every year) is a lot more than NOTHING. By the way, when you say: "that raising CG rates will cause a reduction in revenue from the tax," you are talking about the fact that there is an "optimal" tax point up to which the revenues increase, and after that, if the tax is raise any further, it will THEN being to reduce revenues. That is NOT what Obama wants to do.And the "balanced approach must include SEVERAL instruments to raise revenues, including an "super tax" on the largest income (maybe the top 1/2 of 1%). There is a very interesting article that you may enjoy reading:
80 billions reduction in the deficit EVERY YEAR for 10 years (including not having to pay the servicing on those 80 millions every year) is a lot more than NOTHING.
By the way, when you say: "that raising CG rates will cause a reduction in revenue from the tax," you are talking about the fact that there is an "optimal" tax point up to which the revenues increase, and after that, if the tax is raise any further, it will THEN being to reduce revenues. That is NOT what Obama wants to do.
And the "balanced approach must include SEVERAL instruments to raise revenues, including an "super tax" on the largest income (maybe the top 1/2 of 1%).
There is a very interesting article that you may enjoy reading:
