How Low Can It Go?

[saden1]

Originally Posted by FRPLG

How does making people less rich help our economy. At any level. Taking money from consumers, be they rich or poor is bad for our econmoy. And anyways we're talking about the stock market here. People are crapping themselves right now over the market. People are pulling out, driving prices down, killing wealth because they fear what is going down in DC. Is it rational? I don't know but it is what is happening.

The premise of your argument is that taxes make people less rich which is bad for our economy. My question is at what threshold of taxation do we reach an equilibrium? Not too much taxes to be harmful to our economy and not too little to be beneficial to our economy?