Tax Cuts Don't Lead to Economic Growth, a New 65-Year Study Finds

[Riot]

The entire false basis of modern Republican public financial policy, the famously invalid "Trickle Down" economic theory, the myth of "job creators need tax breaks to grow the economy", finally put to rest in a nice way.

Not that anybody but Republicans thought that baloney worked, as it's been obvious it has not (if tax cuts worked, W. Bush's economy would be an economic engine of unparalled drive, rather than a massive recession/almost depression. Reagan famously and repeatedly raised taxes to save the economy)

Tax Cuts Don't Lead to Economic Growth, a New 65-Year Study Finds

http://www.theatlantic.com/business/...-finds/262438/

A taste:

[Danzig]

i wonder who paid for the study.
but then, i wonder why it's a thread-been showing for weeks now in other threads about all this.
but hey, i'm glad to know i was right.

[Clip-Clop]

Originally Posted by Danzig

i wonder who paid for the study.
but then, i wonder why it's a thread-been showing for weeks now in other threads about all this.
but hey, i'm glad to know i was right.

have you seen the "pirates cause global warming" theory?

[Danzig]

Originally Posted by Clip-Clop

have you seen the "pirates cause global warming" theory?

yeah man. i've posted that chart a couple times, and used it as an avatar before. i love it.

[Clip-Clop]

Originally Posted by Danzig

yeah man. i've posted that chart a couple times, and used it as an avatar before. i love it.

I have a buddy who always says the weatherman in San Diego isn't a better weatherman just because it is nice out.

[Thepaindispenser]

We don't live in a vacuum, tax cuts and increases are just one of many factors that need to be taken in context. Clinton's growth was an Internet bubble economy. Something tells me the bursting of the internet fake economy bubble, 9/11, and the housing crisis had a lot more to do with the declining economy than tax cuts. That chart only goes back to 1990. What about JFK's and Reagan's tax cuts? What about that today's economy is a true global economy that has never been seen before where capital and labor can easily be shifted to tax friendlier nations? How does raising taxes stimulate growth?

[Riot]

Originally Posted by Danzig

i wonder who paid for the study.

Why, you could click on the link, and see the answer. And, you could read the summary, which reveals a rather important association that you would probably find more interesting.

but then, i wonder why it's a thread-been showing for weeks now in other threads about all this.

It's a thread because this is a new, in-depth study that was just published/released 2 days ago.

but hey, i'm glad to know i was right.

Good for you! We're glad you've finally come around to the dark side of Kenyesian economics!