tag:blogger.com,1999:blog-11906042.post2318616368030413683..comments2024-03-29T10:51:27.752+13:00Comments on Not PC: “The Myth that Laissez Faire Is Responsible for Our Present Crisis”Peter Cresswellhttp://www.blogger.com/profile/10699845031503699181noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-11906042.post-409065635069884112010-07-17T11:06:27.122+12:002010-07-17T11:06:27.122+12:00Tom Hunter said....
The following is not (ahem) p...Tom Hunter said....<br /><br />The following is not (ahem) peer-reviewed, but you might want to have a crack at it and pass it on to others.<br />http://www.presimetrics.com/blog/?p=92<br /><br />It's basic argument is that one can't argue that cutting taxes grows the economy (in terms of GDP per capita). Although they're also clearly pushing the argument that increasing taxes does not prevent an economy growing - and implying that such might even grow the economy better. The folks at The Dim Post are very excited about this of course.<br /><br />I'm going to take a look at how they calculated their tax burden data, because a couple of things about the headline graph are suspicious: JFK's starter was cutting taxes for high incomes and (I think) high marginal rates, and of course we know about Hoover's huge increases in the tax rates for high income earners - the people who you would think carried the burden of the income tax pie then as now.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-11906042.post-67848145413280453192010-07-16T11:28:41.323+12:002010-07-16T11:28:41.323+12:00Excellent explanatory article there from George Re...Excellent <i>explanatory</i> article there from George Reisman. There is always something to take home which is informative when one is coming here to Not PC to read. I mean vital & useful info that one cannot get anywhere (locally), neither from Kiwiblog nor Bernard Hickey, etc...Falafulu Fisinoreply@blogger.com