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Raising Taxes Will Not Balance The Budget

Hits: 5424 | Rating: (2.4) | Category: News & Politics | Added by: 5Cats
Page: 1 2 3    Jump to: Bottom    Last Post
patchouly
Male, 40-49, Canada
 4597 Posts
Friday, November 16, 2012 8:28:27 AM
If you are going to base a theory on numbers (which isn't a bad thing), you HAVE to make sure you use ALL the numbers. The problem here is, his focus is so narrow, he's leaving out most of the relevant data, effectively skewing the results.

Draculya
Male, 40-49, Asia
 12320 Posts
Friday, November 16, 2012 8:22:36 AM
That's pretty much like saying "Dieting without exercise won't give me an Adonis-like physique. Therefore, NOM NOM NOM". Disingenuous.

patchgrabber
Male, 30-39, Canada
 5717 Posts
Friday, November 16, 2012 8:10:08 AM
@Gerry: Good point. You can't say lowering taxes will always increase revenue just as you can't say raising them always will. There are amounts of tax that are too much just as there are amounts that are too little. The fault in his analysis is that he is comparing two things (i.e. top marginal tax and tax revenue) and making it seem like one is the ONLY influence on the other. It's misleading.

Gerry1of1
Male, 50-59, Western US
 33910 Posts
Friday, November 16, 2012 7:58:23 AM

Incomplete analysis. Spending habbits have changedd over 60 years. In 1954 people bought a house to live in. Now they buy it as an "investement". People buy more on credit, which as unusual in 1954. Also, back then businesses paid taxes, now they have so many loopholes they don't {GE for example}.

Bill Clinton raised taxes, and still paid down the defecit, had a surplus in SSI & we enjoyed a record booming economy. How does that fit in to this "low tax is better" theory?

patchgrabber
Male, 30-39, Canada
 5717 Posts
Friday, November 16, 2012 7:57:19 AM
Post hoc ergo propter hoc. The r^2 of a trendline can merely tell you how many things influence the variable being observed, but it doesn't reflect causality. His focus is too narrow.

auburnjunky
Male, 30-39, Southern US
 10126 Posts
Friday, November 16, 2012 7:46:14 AM
In b4 "5Cats posted this so it's not true!"

Good submission man.

5Cats
Male, 50-59, Canada
 25661 Posts
Friday, November 16, 2012 7:38:31 AM
Link: Raising Taxes Will Not Balance The Budget [Rate Link] - Learn Liberty explains why higher Federal tax rates often mean LOWER tax revenue.

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