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Just another reason why lowering taxes is good for everyone. Taxing the "rich" means it will effect you too

Just another reason why lowering taxes is good for everyone. Taxing the "rich" means it will effect you too | Increasing taxes on “the rich” thus means increasing effective taxes on pass-through businesses, which would lower their demand for both labor and capital. This would lead to less spending, on employees, and slow the economy down. Lowering taxes will let consumers be able to pay less for products due to a lowering of the sales tax, they will be encouraged to spend more money. If income taxes are lowered, people may be encouraged to work harder, thereby increasing productivity. | image tagged in memes,drake hotline bling | made w/ Imgflip meme maker
210 views 5 upvotes Made by TheDankSwan420 4 years ago in politics
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Increasing taxes on “the rich” thus means increasing effective taxes on pass-through businesses, which would lower their demand for both labor and capital. This would lead to less spending, on employees, and slow the economy down. Lowering taxes will let consumers be able to pay less for products due to a lowering of the sales tax, they will be encouraged to spend more money. If income taxes are lowered, people may be encouraged to work harder, thereby increasing productivity.