Okay, I think I figured it out! I finally realized why tax hikes will never help out an economy or decrease a deficit. I was at a favorite coffee place and doing some studying when from out of the blue it hit me. WHAM.
OK, so in business, you don't raise the price of your product to increase profit. That would be a horrible way to treat the consumer. Instead you make cuts - be it jobs (I am not advocating this, just stating how corporations do it - I think this is horrible) or budgets. So instead you stick it to the employees.
In the case of government, raising taxes is a horrible way to treat your constituents (consumers). So the best way to decrease a deficit (increase profit) is to make cuts! Cut jobs, cut budgets, cut government in general. I think we would all agree that less bureaucracy is a good thing.
Now some of you may be saying, "RevKev ... duh!" To that I say, "Hey, I never took an economics class or anything like it." For some reason, while I was enjoying my peppermint mocha and studying prophecies about the birth of Christ the thought of economics came to me.
This just makes logical sense to me. Anyone else? Anyone? Anyone?
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