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Reply #47: Ah yeah I did confuse you for the OP. [View All]

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Statistical Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jul-27-10 11:28 AM
Response to Reply #46
47. Ah yeah I did confuse you for the OP.
Edited on Tue Jul-27-10 12:00 PM by Statistical
The only thing to watch out for will be law of unintended consequences.

Asshole boss sees his post-tax income fall 3% institutes a 3% reduction in wages (thus boosts profits, thus his post-tax income is equal or higher despite higher taxes). Employees pay he cost of his increased taxes.

With the labor market as weak as it is what are employees going to do quit? To 10% unemployment? To potentially an even lower paying job?
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