Well thats what happens when you make promises based off a social science lol. How about we just let people keep their money because well its theirs. Both sides need to stop making promises that economics simply can't guarantee. The myth that any policy can provide X amount of jobs or growth is just that, a myth. An economy is far to complicated for some tax cut or increase to have a specific numerical effect. Economics at best give you approximations.
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Kansas’ experiment with tax cutting failed spectacularly — on its own terms
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Moral of the story. The only thing that trickles down is poverty. You can't cut taxes and expect the same level of services.
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Originally posted by Motorcity Cobra View PostMoral of the story. The only thing that trickles down is poverty. You can't cut taxes and expect the same level of services.
Again guys, no such term in the field of Economics as "trickle down".
It's a political talking point that grubers fall for and mindlessly repeat. When one uses it, it only proves they are ignorant of the most basic of Economics.
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Originally posted by 1bad65 View PostThe 1980s disagrees.
Again guys, no such term in the field of Economics as "trickle down".
It's a political talking point that grubers fall for and mindlessly repeat. When one uses it, it only proves they are ignorant of the most basic of Economics.
Last edited by Hype job; 06-20-2017, 02:25 PM.
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Originally posted by Hype Job View Post50s, 60s and 70s were better for job growth, economic growth and incomes, and they had higher taxes.
Nope.
I count the nations' GDP as whole. That's cherry-picking. Expected when anyone tries to discount the massive growth that was the 1980s.
Population grows over time, so any per capita GDP data puts later years behind the 8 ball.
Out of curiosity, how'd your 'per capita' source compare the 1980s to decades AFTER it?
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Originally posted by Hype Job View Post50s, 60s and 70s were better for job growth, economic growth and incomes, and they had higher taxes.
And remember, higher taxes by definition mean the Gov't is taking more money from everyone working and paying taxes.....
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Originally posted by 1bad65 View Post"GDP per capita"
Nope.
I count the nations' GDP as whole. That's cherry-picking. Expected when anyone tries to discount the massive growth that was the 1980s.
Population grows over time, so any per capita GDP data puts later years behind the 8 ball.
Out of curiosity, how'd your 'per capita' source compare the 1980s to decades AFTER it?
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Originally posted by 1bad65 View PostCan you tell me, in your own words, how higher taxes creates higher economic growth, private sector wages, etc?
And remember, higher taxes by definition mean the Gov't is taking more money from everyone working and paying taxes.....
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