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The tax cuts for the wealthy scam

Posted on: December 16, 2020 at 11:40:54 CT
Knucklehead MU
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40 years of data across several countries demonstrate that tax cuts for the wealthy do not result in any significant increase in economic growth. They do produce significant gains in the share of national wealth owned by the very wealthy.

Of course these conclusions only apply in realistic conditions, not extreme examples (such as 90% tax rates).


This has been demonstrated over and over again. Cue the usual ideological responses re: taxation is theft, etc, etc.

http://eprints.lse.ac.uk/107919/1/Hope_economic_consequences_of_major_tax_cuts_published.pdf

Edited by Knucklehead at 11:44:17 on 12/16/20
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The tax cuts for the wealthy scam - Knucklehead MU - 12/16 11:40:54
     keeping your own money is never a scam. - Coors4bob MU - 12/16 12:48:39
     So only the Government can increase economic growth? - tcat KC - 12/16 12:05:35
          We know there's at least one method by which the govt cannot - SparkyStalcup MU - 12/16 13:07:31
     I have every confidence that the International Inequalities - hokie VT - 12/16 12:01:05
          why do you support taxation? (nm) - pickle MU - 12/16 12:02:36
     OK - o'lineydisciple MU - 12/16 11:57:47
          Policy debates are fair game - dishonest forecasts are not - Knucklehead MU - 12/16 12:09:53
               Congrats.. you gave examples of why government screws up - TigerMatt STL - 12/16 12:35:35
                    it’s amazing (nm) - pickle MU - 12/16 13:49:04
     All of that could be true and taxation is still theft(nm) - Ragnar Danneskjold MU - 12/16 11:53:06
     Ever think it could be possible that people who have more - TigerMatt STL - 12/16 11:46:45
          RE: Ever think it could be possible that people who have more - KCMuskie MU - 12/16 11:51:38
               LMAO.. of course it happens. People with money invest. - TigerMatt STL - 12/16 11:53:54
                    RE: LMAO.. of course it happens. People with money invest. - KCMuskie MU - 12/16 12:00:45
                         Let me dumb this down.... - TigerMatt STL - 12/16 12:18:40
                              RE: Let me dumb this down.... - KCMuskie MU - 12/16 12:24:50
                                   You don't even understand the article. I am pointing out - TigerMatt STL - 12/16 12:29:48
                         you don’t seem economically literate - pickle MU - 12/16 12:04:25
                              RE: you don’t seem economically literate - KCMuskie MU - 12/16 12:14:19
                                   that was a dodge (nm) - pickle MU - 12/16 12:23:16
                         so you think those numbers aren't manipulated? lol (nm) - TigerFan92 STL - 12/16 12:02:38
          The timing of these articles is calculated by the commies as - TigerFan92 STL - 12/16 11:48:46
               What is funny to me are the lefties calling for blanket - TigerMatt STL - 12/16 11:52:32
                    yup. First DemonRat give away that won't be means tested(nm) - TigerFan92 STL - 12/16 12:00:37
                    RE: What is funny to me are the lefties calling for blanket - KCMuskie MU - 12/16 11:58:35
     lol what a short sighted article. - TigerFan92 STL - 12/16 11:45:38
     lol what? (nm) - pickle MU - 12/16 11:43:07




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