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Top tax rates & Economic growth - No correlation

Discussion in 'BBS Hangout: Debate & Discussion' started by subtomic, Feb 17, 2014.

  1. Phillyrocket

    Phillyrocket Member

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    LMFAO Carter inherited his mess from Nixon who took us off the gold standard and pissed of the Saudis in the Yom Kippur war leading to the oil shocks of the 1970s.

    Reagan blew billions of dollars on boondoggles like Star Wars while gutting the tax rates for the rich. The result? Massive increase in the national debt with no proportionate increase in GDP.

    GOP = Borrow and spend
     
  2. FranchiseBlade

    Supporting Member

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    Reagan played a part in ending the cold war. It was a smaller part than Gorbachev played, but Ronnie did play a part. He certainly didn't end it by himself.
     
  3. GladiatoRowdy

    GladiatoRowdy Member

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    Respond to the substance, the numbers that prove that, even if the author is the biggest, most shill-like hack in the universe, based on the numbers, his claims are valid. You could also look at my paper which found the exact same thing.

    Reducing tax rates does NOT positively impact economic growth in any way.
     
  4. TheRealist137

    TheRealist137 Member

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    not to the right wing conservatives who have been brainwashed into thinking that tax cuts for the rich = more jobs.
     

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