talking points that piss you off (user search)
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  talking points that piss you off (search mode)
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Author Topic: talking points that piss you off  (Read 30179 times)
Gustaf
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« on: June 08, 2012, 08:29:55 AM »

So the whole 95% tax rate we had from 1945-1973... it generated no revenue at all?
Pretty much. Tens of Thousands of wealthy people and celebrities moved abroad. When the top rate was cut to 60%, revenue more than doubled.
Don't forget, Taxman by the Beatles was a protest against that exact policy.. "Should 5 percent appear to small".

Tax loopholes =/= higher top rates not being a good idea.

It's not necessarily about loopholes. It just distorts the economy in a way that lowers efficiency.

And regardless, high rates always lead to loopholes. You may not like this, but it's a political reality.
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Gustaf
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Atlas Star
*****
Posts: 29,779


Political Matrix
E: 0.39, S: -0.70

« Reply #1 on: June 12, 2012, 06:51:53 AM »



7. "The American people are cutting back so government should too" [ugh]


This one is a bit weird since it is standard for private and public debt to move in opposite directions (indeed, certain economic theory pretty much makes this true by definition).
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