tag:blogger.com,1999:blog-11906042.post4279350579377919063..comments2024-03-18T17:17:00.423+13:00Comments on Not PC: “Tax cuts don’t cause growth”? [updated]Peter Cresswellhttp://www.blogger.com/profile/10699845031503699181noreply@blogger.comBlogger9125tag:blogger.com,1999:blog-11906042.post-55955492942996134672010-05-25T22:41:33.992+12:002010-05-25T22:41:33.992+12:00So what came first? The chicken or the golden egg?...So what came first? The chicken or the golden egg? That article is as inconclusive as constipation.Clandestinonoreply@blogger.comtag:blogger.com,1999:blog-11906042.post-18419080305990361762010-05-25T12:31:38.106+12:002010-05-25T12:31:38.106+12:00@W. Wallace: Oops! Thanks for that.@W. Wallace: Oops! Thanks for that.Peter Cresswellhttps://www.blogger.com/profile/10699845031503699181noreply@blogger.comtag:blogger.com,1999:blog-11906042.post-14706500142373730982010-05-25T11:48:15.075+12:002010-05-25T11:48:15.075+12:00PC, please check the content of your point #4. It ...PC, please check the content of your point #4. It looks like the words have been "processed" a bit more than you intended. (eg bits repeated from point #3)<br /><br />Appreciate the analysis.WWallacehttps://www.blogger.com/profile/14154851267085370864noreply@blogger.comtag:blogger.com,1999:blog-11906042.post-79673052782560329572010-05-25T08:52:53.375+12:002010-05-25T08:52:53.375+12:00Now, I can get access to RedAlert, so I am not bei...Now, I can get access to RedAlert, so I am not being banned.Falafulu Fisinoreply@blogger.comtag:blogger.com,1999:blog-11906042.post-19061485167520870122010-05-25T08:36:36.761+12:002010-05-25T08:36:36.761+12:00Bevan said...
However, since the Sub-standard writ...Bevan said...<br /><i>However, since the Sub-standard writers don’t appear to be sophisticated enough to actually build a theoretical case for their argument...</i><br /><br />Bevan, I agreed there with you in the unsophistication of knowledge from both Sub-standard and their masters RedAlert.<br /><br />I think that I am being banned from RedAlert, because I've just tried to get access to one of the thread there (Grant's post) of which I posted a message last night, since I thought that other commenters will reply, but there is an access violation message returned.<br /><br />I'll check it again later to see if RedAlert's service is suspended perhaps for maintenance and then try again. If the same message of <i>access violation</i> is returned again to me, then definitely I am being banned.<br /><br />If I am being banned, then the man from the island (me) has scared the whole lot of them with his reasoned arguments. Haha, who would know that the man from the island could rattle the bloggers at RedAlert to a point that he (me) is being banned from there.Falafulu Fisinoreply@blogger.comtag:blogger.com,1999:blog-11906042.post-23371430383001915182010-05-24T23:16:39.361+12:002010-05-24T23:16:39.361+12:00Great article on the causal underpinnings of econo...Great article on the causal underpinnings of economic growth. However, since the Sub-standard writers don’t appear to be sophisticated enough to actually build a theoretical case for their argument, instead they point to the empirical correlates of growth and tax at its inflexion points as evidence, couldn't it be that what they are observing by the usual measures is true?<br /><br />Although the statement that "government spending is overwhelmingly consumption spending" is ultimately true, this fails to recognize the bureaucratic laundromat mechanism by which governments launder tax income. The activities that governments enact to “re-distribute” tax income typically sit on the productivity side of the growth formula, rather than the consumption side. I would contend, therefore, that there exists a significant time lag between any evidence of an end to an economic lolly scramble and a realization of the erosion of wealth.Bevanhttps://www.blogger.com/profile/10075808965749801094noreply@blogger.comtag:blogger.com,1999:blog-11906042.post-12403854737315448382010-05-24T20:09:31.841+12:002010-05-24T20:09:31.841+12:00@Icehawk: "Level of govt spending ...matters ...@Icehawk: "<i>Level of govt spending ...matters - but it is far from being the most important factor in economic growth.</i>"<br /><br />Indeed, it's only importance is as a meaure of one form of consumption spending that holds down propductive spending.<br /><br />The single most important factor is capital accumulation.Peter Cresswellhttps://www.blogger.com/profile/10699845031503699181noreply@blogger.comtag:blogger.com,1999:blog-11906042.post-41691693012969798012010-05-24T20:07:23.206+12:002010-05-24T20:07:23.206+12:00@Icehawk: Nice to see a "substantive" re...@Icehawk: Nice to see a "substantive" response. If I may summarise your full argument, it's this: 'Piffle."<br /><br />And actually, the parties making stuff up are those to whom I'm objecting, i.e., Bill & Gordon and the Standard Men.Peter Cresswellhttps://www.blogger.com/profile/10699845031503699181noreply@blogger.comtag:blogger.com,1999:blog-11906042.post-61373938480309646222010-05-24T19:52:24.975+12:002010-05-24T19:52:24.975+12:00Piffle. You're making up stuff and fudging yo...Piffle. You're making up stuff and fudging your numbers. <br /><br />Here's a nice simple chart from the USA comparing top marginal tax rate, and median family income, from 1947 to 2007.<br /><br />http://www.princeton.edu/~pkrugman/reagan_not.png<br /><br />Level of govt spending (as long as you avoid the communist extremes) matters - but it is far from being the most important factor in economic growth. <br /><br />icehawkAnonymousnoreply@blogger.com