Economics Questions

Re: Higher taxes don't impede economic growth??

Clayton — Thu, 04 Aug 2011 07:36:49 GMT

The trolls grow tiresome.

Bear in mind that, when speaking of "economic growth", the 64 billion dollar question is whose economic growth?? The defense industry is a growth industry during wartime but luxury vacation travel agencies are probably not a great investment.

Clayton -

Re: Higher taxes don't impede economic growth??

Wibee — Thu, 04 Aug 2011 06:58:41 GMT

Correlation vs. Connotation,

Perhaps another factor contributed to wage rises, low unemployment, etc...

It's like taking alcohol plus a big expresso. alcohol is supposed to make you tired, but if you ignore the caffine factor, alcohol is a stimulant.

Re: Higher taxes don't impede economic growth??

Mike — Thu, 04 Aug 2011 06:08:28 GMT

if I am not mistaken - regarldless of the actual "rate" the percentage of tax receipts has been right around 20% of gnp since ww2. meaning that regardless of how high "they" put the rates, they can't collect them.

also peter schiff has actually spent some time doing the numbers and calculating what a taxpayer would pay then and now.. it was substantially higher now. I may still have that MP3, if so will post.

Re: Higher taxes don't impede economic growth??

John James — Thu, 04 Aug 2011 05:19:59 GMT

Hmmm...let's have a look at the answer you verified the last time you asked this exact question exactly a month ago...

Keynesians and the Postwar Economic Boom

Higher taxes don't impede economic growth??

Dean14 — Thu, 04 Aug 2011 04:57:49 GMT

How do you guys explain when most leftists bring up that top income tax rates were at 90% throughout the 1950s and 1960s and higher corporate taxes than now, yet there was strong economic growth, low unemployment, and strong rise in wages during this period?