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Thread: To play devil's advocate on tax policy...

  1. #1

    To play devil's advocate on tax policy...

    http://blogs.reuters.com/taxbreak/20...e-the-economy/

    "'Almost all of the stimulative effect of tax cuts,' Zidar found, 'results from tax cuts for the bottom 90%. A one percent of GDP tax cut for the bottom 90% results in 2.7 percentage points of GDP growth over a two-year period. The corresponding estimate for the top 10% is 0.13 percentage points and is insignificant statistically.'"

    The guy has close ties to the Obama administration, so already this is obviously to be taken with a grain of salt. On pure basis of logic and methodology, however, what do you all make of this?



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  3. #2
    What was GE's effective tax rate again?

    'We endorse the idea of voluntarism; self-responsibility: Family, friends, and churches to solve problems, rather than saying that some monolithic government is going to make you take care of yourself and be a better person. It's a preposterous notion: It never worked, it never will. The government can't make you a better person; it can't make you follow good habits.' - Ron Paul 1988

    Awareness is the Root of Liberation Revolution is Action upon Revelation

    'Resistance and Disobedience in Economic Activity is the Most Moral Human Action Possible' - SEK3

    Flectere si nequeo superos, Acheronta movebo.

    ...the familiar ritual of institutional self-absolution...
    ...for protecting them, by mock trial, from punishment...




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