"It's stupid to keep on talking about rich people not paying their fair share of taxes whole the budget is so far out of balance. Why, If er raised the tax rates on the wealthy all the way back to where they were in 1980, it would not balance the federal budget.

Hello DMR

Your question is a little confusing but if I understand it correctly,

The economy needs to attrract wealthy people, who in turn invest in the market in all the forms available, open stores, businesses, share markets etc

This then helps to generate jobs within the market place both directly and indirectly

If the government levied more taxes onto such people, other country markets would start to look more favourable to them and as such they would move out, with their investments and the jobs would go

This is a very simplifed reason too much larger integrated web of the economy

Hope this helps

Phlanx

Quote:

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Originally Posted by dmr2007

"It's stupid to keep on talking about rich people not paying their fair share of taxes whole the budget is so far out of balance. Why, If er raised the tax rates on the wealthy all the way back to where they were in 1980, it would not balance the federal budget.

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From the limited information you have provided and given the different formats that constitute a fallacy; I will give it a go...

What you have provided appears to be a quote from someone who is an authority or believes they are an an authority. If this is the case then the fallacy appears to be, ARGUING FROM AUTHORITY.

One cannot prove the truth or falsity of a given statement simply because someone is an authority on the subject. They can be the greatest authority on the subject at hand, but this is irrelevant if they cannot provide any evidence for their claims.