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%.