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HailHailtoMichigan!
LSU Fan
Mission Viejo, CA
Member since Mar 2012
61013 posts
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re: Trump is a genius. Setting the demand for a national lockdown ... during the census count
Fwiw, I just found this

quote:


Nearly every empirical study of taxes and economic growth published in a peer reviewed academic journal finds that tax increases harm economic growth. In my review, I examine twenty-six such studies going back to 1983, as shown in Table 1. All but three of those studies, and every study in the last fifteen years, find a negative effect of taxes on growth.


LINK

There is a useful chart in the link that summarizes all studies since 1983 on the effect of taxes on economic growth


NC_Tigah
LSU Fan
Carolinas
Member since Sep 2003
99800 posts

re: Trump is a genius. Setting the demand for a national lockdown ... during the census count
quote:

Historically, the economy performs better when Dems control most of government.



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NC_Tigah
LSU Fan
Carolinas
Member since Sep 2003
99800 posts

re: Trump is a genius. Setting the demand for a national lockdown ... during the census count
quote:

every study in the last fifteen years, find a negative effect of taxes on growth
No kidding!

%TaxRate X GDP = Revenue
is an interesting equation as revenue remains relatively stable over a range of Tax Rates. As that range is exceeded, revenue falls either to the ascending or descending slopes of the Laffer curve.

The key is determining the tax rate which maximizes growth and maintains adequate revenue. Repubs attempt the balance thru growth stimulation. Dems go with tax hikes.


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