Halftime in America
- Thread starter Tsing Tao
- Start date
Not quite, Houdini. You told me to look at only one hand while ignoring the other. Doesn't work that way. I corrected you, but you resorted to the equivalent of closing your eyes and chanting:
<iframe width="420" height="315" src="http://www.youtube.com/embed/Dlr90NLDp-0" frameborder="0" allowfullscreen></iframe>
The facts were, tax cuts happened and soon thereafter revenues went up. Nothing you brought up changed those facts.
You tried to bring up models as counter arguments and you did not even realize they were just models.
The facts were, tax cuts happened and soon thereafter revenues went up. Nothing you brought up changed those facts.
You tried to bring up models as counter arguments and you did not even realize they were just models.
The facts were, tax cuts happened and soon thereafter revenues went up. Nothing you brought up changed those facts.
I thought we left that floor perfectly clean. Why do you insist on being used to clean it again? And those aren't sausage links from the other thread, jem. You've been eviscerated.
http://www.elitetrader.com/vb/showt...8&highlight=jem+tax+cuts+revenues#post3428058
http://www.slate.com/articles/busin...x_cuts_ever_increase_government_revenues.html
'Nuff said.
The Laffer Curve and the Kimel Curve
Optimal tax rate is 65% according to the model. Models are never perfect but they're better than FOXNews.
When Laffer himself was on CNBC last year, he even said tax cuts don't produce more revenue.
This is yet but another characteristic of the republican brain, it will reject reality in favor of whatever it wants to believe.
Optimal tax rate is 65% according to the model. Models are never perfect but they're better than FOXNews.
When Laffer himself was on CNBC last year, he even said tax cuts don't produce more revenue.
This is yet but another characteristic of the republican brain, it will reject reality in favor of whatever it wants to believe.
you still suffer some kind of comprehension problem. You cite threads which prove I am correct.
your quote shows that revenues went up after the kennedy and Mellon tax cuts... but revenues went up less than predicted by some leftist model.
..
here is your clue...
"Both the Kennedy and Mellon tax-cut packages actually lowered overall revenue, relative to a baseline where the tax cuts did not happen."
You see "baseline where tax cuts did not happen"?
The tax cuts did happen so that "baseline" was in someone's made up model....
here is the quote you just cited...
"...Both the Kennedy and Mellon tax-cut packages actually lowered overall revenue, relative to a baseline where the tax cuts did not happen. They just increased some receipts from richer families. Take a Congressional Budget Office analysis of the Kennedy-era cuts. No studies "showed that the increased economic activity generated by the tax cut raised revenues and lowered countercyclical transfer payments enough to make the tax-rate reductions self-financing," it wrote in 1978. "Instead, the models showed a net increase in the federal deficit, after three years, of $5 billion to $13 billion," versus models where the tax cuts never took effect. Shorthand: The tax cuts did pay for themselves a little bit by inducing growth, but not nearly enough to pay for themselves entirely..."
http://www.elitetrader.com/vb/showt...8&highlight=jem+tax+cuts+revenues#post3428058
http://www.slate.com/articles/busin...x_cuts_ever_increase_government_revenues.html
No need to reinvent the wheel when it's already there.
You're welcome.
Nice vid Tsing