Quote:
Originally Posted by Thunderball
There is a distinction between raising revenue and raising taxes... blindly raising tax rates doesn't mean more revenue if the income isn't there.
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Agree.
Quote:
Originally Posted by Thunderball
Raising revenues might actually happen by lowering taxes strategically (ie: corporate, not personal) if you get a smaller share of a bigger pot. This requires careful analysis and a willingness to do something that may not have the best optics politically (ie: raise personal tax and lower corporate tax).
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Agree.
Quote:
Originally Posted by Thunderball
Cutting costs are a lot more straightforward and are far more necessary.
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Totally disagree. There is nothing straightforward about cutting costs. It is just as complex as attempting to increase revenues. In many cases, attempts to cut costs may actually (and inadvertently) increase costs. For example, slashing mental health services may actually increase costs for in the criminal justice system, other health services, or social assistance programs.
Also, just stating that "cutting costs is far more necessary" does not make it so. I would have to see some actual evidence/hear a compelling argument before I simply accept that (ideological) statement as gospel.