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  1. #1

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

    Analysis of six decades of data found that top tax rates "have had little association with saving, investment, or productivity growth." However, the study found that reductions of capital gains taxes and top marginal rate taxes have led to greater income inequality. Past studies cited in the report have suggested that a broad-based tax rate reduction can have "a small to modest, positive effect on economic growth" or "no effect on economic growth."

    Well into the 1950s, the top marginal tax rate was above 90%. Today it's 35%. But both real GDP and real per capita GDP were growing more than twice as fast in the 1950s as in the 2000s. At the same time, the average tax rate paid by the top tenth of a percent fell from about 50% to 25% in the last 60 years, while their share of income increased from 4.2% in 1945 to 12.3% before the recession.
    In short, the study found that top tax rates don't appear to determine the size of the economic pie but they can affect how the pie is sliced, especially for the richest households.

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

    http://graphics8.nytimes.com/news/bu...andeconomy.pdf
    Last edited by Emolas; 09-17-2012 at 12:39.

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    11,000+ Death's Chill's Avatar
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    Reducing capital gains tax likely does little for the economy. But corporate and personal INCOME tax most certainly does.


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    5000+ GirlyMan's Avatar
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    I know how to increase economic growth. Take a billion here and a billion there from billionaires and distribute it to the poorest people of the nation/world. Then, set up a law where having more than 1 million dollars in your bank/investments will cause all income beyond that to be distributed to charity.

    Also second link is borked.
    Last edited by GirlyMan; 09-17-2012 at 04:27.

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    Quote Originally Posted by GirlyMan View Post
    I know how to increase economic growth. Take a billion here and a billion there from billionaires and distribute it to the poorest people of the nation/world. Then, set up a law where having more than 1 million dollars in your bank/investments will cause all income beyond that to be distributed to charity.

    Also second link is borked.

    Historically never worked but continue to be an ignoramus.

    As far as the study it is badly done, most likely for propaganda purposes. You have to look at government spending as percentage of the economy. There are many types of taxes and systems. Individually they do not tell a full story. You could have a 100% tax on trillionares and no other taxes and that would give you an awesome economy because no one is actually being taxed. I could already tell from the quoted that they are not taking account of this.

    A side note capitalist economy must have inequality in order to function correctly. Unfortunately a corporatist regime has inequality too so people like emolas associate inequality with unfairness.
    "What, you think just because you need it means you have a right to take mine?"


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    Quote Originally Posted by GirlyMan View Post
    I know how to increase economic growth. Take a billion here and a billion there from billionaires and distribute it to the poorest people of the nation/world. Then, set up a law where having more than 1 million dollars in your bank/investments will cause all income beyond that to be distributed to charity.

    Also second link is borked.
    How can people open up their business? There are quite a few that are worth more than a million dollars. How would corporations operate that create affordable product for massive populations of the world?

    Why should we distribute money to people who have done absolutely nothing to make their future any better themselves?

    This might be your opinion but a few would agree with it if they see the truth.



    Edit: When I was a kid my family was kind of poor (thanks to communism). We made our ends meet through working very hard. We did not sit there and starve like bunch of these monkeys who have a hard time figuring out how to dig a well and boil water to avoid dysentery and dying in droves.
    Last edited by karlek; 09-17-2012 at 04:47.

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    Quote Originally Posted by GirlyMan View Post
    I know how to increase economic growth. Take a billion here and a billion there from billionaires and distribute it to the poorest people of the nation/world. Then, set up a law where having more than 1 million dollars in your bank/investments will cause all income beyond that to be distributed to charity.

    Also second link is borked.
    Go take an economics class dipshit. Even a hardcore Keynesian would call you a flaming retard.
    Last edited by palo god; 09-17-2012 at 08:21.
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    Quote Originally Posted by palo god View Post
    Go take an economics glass dipshit. Even a hardcore Keynesian would call you a flaming retard.
    No, because if he takes an economics class he's being indoctrinated, and that's bad mmmkay
    We should celebrate March 2013 as the month Off-Topic went Full Retard.

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    Quote Originally Posted by karlek View Post
    How can people open up their business? There are quite a few that are worth more than a million dollars. How would corporations operate that create affordable product for massive populations of the world?

    Why should we distribute money to people who have done absolutely nothing to make their future any better themselves?

    This might be your opinion but a few would agree with it if they see the truth.



    Edit: When I was a kid my family was kind of poor (thanks to communism). We made our ends meet through working very hard. We did not sit there and starve like bunch of these monkeys who have a hard time figuring out how to dig a well and boil water to avoid dysentery and dying in droves.
    Everyone's success is always due to their own hard work and determination. The failures of others however, is always due to incompetence and/or laziness.

  9. #9

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    Quote Originally Posted by Silverhandorder View Post
    Historically never worked but continue to be an ignoramus.

    As far as the study it is badly done, most likely for propaganda purposes. You have to look at government spending as percentage of the economy. There are many types of taxes and systems. Individually they do not tell a full story. You could have a 100% tax on trillionares and no other taxes and that would give you an awesome economy because no one is actually being taxed. I could already tell from the quoted that they are not taking account of this.

    A side note capitalist economy must have inequality in order to function correctly. Unfortunately a corporatist regime has inequality too so people like emolas associate inequality with unfairness.

    Just to be straight here are we talking about Anarcho capitalism? Minimal state capitalism?
    And can you associate this with a historical example capitalism you want to return to?
    Last edited by Wufiavelli; 09-17-2012 at 08:45.

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    Quote Originally Posted by Wufiavelli View Post
    Just to be straight here are we talking about Anarcho capitalism? Minimal state capitalism?
    And can you associate this with a historical example you want to return to?
    If SHO is talking, he's talking Anarcho capitalism
    We should celebrate March 2013 as the month Off-Topic went Full Retard.

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    Quote Originally Posted by Marilio View Post
    If SHO is talking, he's talking Anarcho capitalism
    So Rothard?

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    Quote Originally Posted by GirlyMan View Post
    I know how to increase economic growth. Take a billion here and a billion there from billionaires and distribute it to the poorest people of the nation/world. Then, set up a law where having more than 1 million dollars in your bank/investments will cause all income beyond that to be distributed to charity.

    Also second link is borked.
    This would only work if you couldn't just up and move your business or it's money somewhere else. Also less than 1 million capital is a tiny amount for some businesses to survive on.

    You have to understand that these trillion dollar businesses bring in a shitload of money into the economy, even with tax cuts. You can't just scare them all into leaving the country and doing business abroad.

    Those that don't pay any tax however, such as Amazon, should be crucified.
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    You are clearly awesome.
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    Being socially progressive does not make you 'advanced'.

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    Quote Originally Posted by Wufiavelli View Post
    Just to be straight here are we talking about Anarcho capitalism? Minimal state capitalism?
    And can you associate this with a historical example capitalism you want to return to?
    Quote Originally Posted by Marilio View Post
    If SHO is talking, he's talking Anarcho capitalism
    Not entirely. If you have a market like early America. Heck even industrial revolution was more capitalist then corporatist. My belief is that any minarchy will end up eventually with a big state but before that inequality is more a reflection of your contribution to society then any bad acts.
    "What, you think just because you need it means you have a right to take mine?"


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    Quote Originally Posted by Methuselah View Post
    I should get ahead of the curve and ban you now then...

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    So socialism works??? lol

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    Quote Originally Posted by Krag View Post
    So socialism works??? lol
    Plenty of countries work well under socialism. Whether or not you'd prefer to live in a socialist country is another matter altogether but to claim it just doesn't work period is pure ignorance.
    Quote Originally Posted by Brannoc View Post
    You are clearly awesome.
    Quote Originally Posted by StainlessSteelRat View Post
    Being socially progressive does not make you 'advanced'.

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