#ActInTimeDEADLINETime left to limit global warming to 1.5°C 4YRS109DAYS03:25:28 LIFELINEWorld's energy from renewables14.789744545%Finland's last active coal-fired power and heat plant shuts down | Repairing peats could prevent Glasgow's tap water turning brown | Community-based conservation cuts thresher shark fishing by 91% in Indonesia | Colombia creates landmark territory to protect uncontacted Indigenous groups | Britain’s GHG fell 4% in 2024, government data shows | Renewables made up more than 90% of new power installed globally in 2024 | Mali embraces solar power for rural areas | Agroforestry can help fight climate change | More European oil refineries to close, convert in next 10 years | European cities are designing streets to push cars out | Finland's last active coal-fired power and heat plant shuts down | Repairing peats could prevent Glasgow's tap water turning brown | Community-based conservation cuts thresher shark fishing by 91% in Indonesia | Colombia creates landmark territory to protect uncontacted Indigenous groups | Britain’s GHG fell 4% in 2024, government data shows | Renewables made up more than 90% of new power installed globally in 2024 | Mali embraces solar power for rural areas | Agroforestry can help fight climate change | More European oil refineries to close, convert in next 10 years | European cities are designing streets to push cars out |

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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