A 3rd Q for d&M

[Duff Miver]

Explain how lowering taxes for the rich improves the economy -

 

[Lumi]

It improves my spending habits :0008

 

[ssd]

This chart is missing something? Like strength of the economy (and what measure are you using to measure the economy in each of those years?)

IMHO, you can not strictly base the functioning of the economy off of tax rates. it is so much more involved than that.

One could argue, that based off other factors, the economy would be much worse off than it currently is if tax rates had been higher and lowering the tax rates has kept if from getting worse.

Too many variables in play to but the onus on one thing.

Just my 2 cents.

 

[Lumi]

How much will the Govt begin taxing our 2 cents? :0008

 

[Duff Miver]

This chart is missing something? Like strength of the economy (and what measure are you using to measure the economy in each of those years?)

IMHO, you can not strictly base the functioning of the economy off of tax rates. it is so much more involved than that.

One could argue, that based off other factors, the economy would be much worse off than it currently is if tax rates had been higher and lowering the tax rates has kept if from getting worse.

Too many variables in play to but the onus on one thing.

Just my 2 cents.

You're correct, of course, there are additional factors beyond tax rates.

It doesn't take a chart to remember that our strongest economic growth was ca. 1950-75.

The point of the chart posted is simply to refute the neocon claim that lower a top tax rate is good for the economy.