Advocates of this ideology say taxing the wealthy will make them unhappy with the country and will make them emigrate to a country with lower tax rate. Proponents of tax breaks say that when the affluent are given tax breaks the economy will prosper because the rich are more likely to spend. The tax break advocates say cutting the top tax rate will increase economic growth because when the wealthy spend their money, growth will occur in small businesses, which in turn causes wage growth, income growth as well as job creation. The advocates say that this all increases the tax revenue for the government in the end, so cutting taxes for the rich is the long term solution to the inequality between the lower class and upper
Advocates of this ideology say taxing the wealthy will make them unhappy with the country and will make them emigrate to a country with lower tax rate. Proponents of tax breaks say that when the affluent are given tax breaks the economy will prosper because the rich are more likely to spend. The tax break advocates say cutting the top tax rate will increase economic growth because when the wealthy spend their money, growth will occur in small businesses, which in turn causes wage growth, income growth as well as job creation. The advocates say that this all increases the tax revenue for the government in the end, so cutting taxes for the rich is the long term solution to the inequality between the lower class and upper