Correcting the Top 10 Myths About Taxes

2,489 Views | 36 Replies | Last: 1 yr ago by halfastros81
dmart90
How long do you want to ignore this user?
sam callahan said:

I started that podcast last week and got pulled away. I found it interesting and meant to follow up, so I appreciate you posting.

I did take some issue with his first premise that cutting taxes doesn't always pay for themselves. Firstly, I noticed he injected the word always, which is a huge hedge. The other is - and maybe he addressed it in later points - is that raising taxes does not increase revenue.

Graphs of historical data show that as a percent of GDP, tax revenue remains within a fairly no band no matter the marginal rates. So why not set the tax rate that increases the GDP?

Spend as a percent of GDP is above historical norms. According to the Riedl, is historically been 18-19%. Now it's closer to 30%.
halfastros81
How long do you want to ignore this user?
Spending and what we spend on is the real issue. R's are big spenders but more of it goes to constructive things than in the case of the D's imo. If we stuck to constitutional principles and limited fed spending to what was intended by the founders we'd be in a much better spot. Both parties abuse the system to pay off their respective pals.
Refresh
Page 2 of 2
 
×
subscribe Verify your student status
See Subscription Benefits
Trial only available to users who have never subscribed or participated in a previous trial.