In case you missed it, Marcus, I responded to the article you posted.
Does anyone want to challenge any of the points or comments I made in it?
I pretty clearly demonstrates just how flawed and wrong the original piece was.
When taxes are high, people are reluctant to take the gains.
And when you drop taxes, people are willing to incur a more reasonable tax penalty, and the gains made fuel the economy and new investment.
This result is inconsistent with the static logic that liberal politicians apply to tax codes. They don't recognize that tax rates have an influence on the economic and productive behavior of people. The logic of the Political left is that behavior won't changed regardless the tax policy. That if you raise taxes 10%, you'll see a 10% increase in revenue. That's not how it works. And things like the Laffer Curve attempt to demonstrate that.
And I don't agree with your equating the housing bubble to the tech bubble.
But if you, or anyone else wants to discuss that, they first have to recognize that the economy from around 2002 until about 2007 was actually strong and growing.
You haven't done that, Marcus, but I've heard many people argue that revenues were the result of a boom economy in one breath, and then argue that the economy was terrible throughout the duration in another. That's a contradiction.
Does anyone want to challenge any of the points or comments I made in it?
I pretty clearly demonstrates just how flawed and wrong the original piece was.
Yes, that's one reason why they are such a good example.
When taxes are high, people are reluctant to take the gains.
And when you drop taxes, people are willing to incur a more reasonable tax penalty, and the gains made fuel the economy and new investment.
This result is inconsistent with the static logic that liberal politicians apply to tax codes. They don't recognize that tax rates have an influence on the economic and productive behavior of people. The logic of the Political left is that behavior won't changed regardless the tax policy. That if you raise taxes 10%, you'll see a 10% increase in revenue. That's not how it works. And things like the Laffer Curve attempt to demonstrate that.
And I don't agree with your equating the housing bubble to the tech bubble.
But if you, or anyone else wants to discuss that, they first have to recognize that the economy from around 2002 until about 2007 was actually strong and growing.
You haven't done that, Marcus, but I've heard many people argue that revenues were the result of a boom economy in one breath, and then argue that the economy was terrible throughout the duration in another. That's a contradiction.
