Reply #48: I disagree.

[DLnyc]

People making over 2 million a year, say, do not generally spend all, or even a significant portion, of that money. They simply increase their net worth. Taxing them more moves the money from their investments into direct investments in the infrastructure and future of our country.

On the other hand, taxing the middle class, working class and poor will decrease consumer spending, because these people (us) generally are making spending decisions based on their weekly income. So, for us, less income equal less spending on consumer goods and services like food, travel, clothing, medicine, education, housing, etc.

A tax increase on the 95% of us making less than 250,000 per year = a bad idea in a recession or a depression.

A tax increase on people making from 250,000 to a couple million = arguably not much impact on the consumer spending.

A tax increase on people making more that $2,000,000 per year = a very good idea, especially during a recession turning into a depression, since we need that money in public works projects.