Jun 21, 2011

Doin' The Math

We keep hearing from certain politicians that Tax Cutting is a magic elixir that always fixes anything that could possibly be wrong with our economy.

Here's a simple little chart that says different, in the words of Michael Linden:
“These numbers do not mean that higher rates necessarily lead to higher growth. But the central tenet of modern conservative economics is that a lower top marginal tax rate will result in more growth, and these numbers do show conclusively that history has not been kind to that theory.”


It's from Think Progress, so of course there's a certain bias towards a more traditionally conservative approach to economic stimulus, but still; how d'ya argue against real numbers?

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