Trump's Economy Still Unable to Rise above 3% Growth

When history's largest middle class was created here in america, we had 51 percent corporate tax rates.

 

At one time under Eisenhower, it was 90%… but with tons of deductions that benefited workers and allowed for modernization of equipment and training. Then voodoo/trickle down economics and cutting taxes were painted as legitimate economic models, and we've been on the bubble/bust cycle ever since.

 

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I've analyzed Eisenhower's marginal tax rates, capital gains tax, deductions, credits, and loopholes.

What stunned me;

In today's dollar, everyone's effective tax rates were much higher than today, thus, everyone paid more taxes.

A very generous Baby Bonus, in today's dollar; near $5,000 per child

Capital gains; the old formula.....minus 50% taxed at marginal, no short, no long

 

right wing propaganda. Only the right wing prefers to "cash in our allies" to invest in a "potential recession."

 

There you go again. Too funny. Economic demand is desire funded by production. You've so stated multiple times.

 

And yet you limit gdp growth in the US to below 3% which is what Obama's economy produced. Are the Reagan, Clinton, and 43 economies under-developed economies ??

 

You have no evidence that anything you've said is in any way the result of supply side economic policies.

 

The 25 years from Reagan through 43 provide plenty of data confirming that supply side economics produces maximal economic growth.

 

Of course I have given evidence but, you have not responded to anything I have said nor the evidence presented so what difference does it make ?

 

Too funny. Tax evasion is a direct result of supply side economic policies ?? Come'on man.

BTW what books have you read on supply side economic policies ??

 

So what has economic policy since reagan done to the history making middle class that was created under.....not supply side economics? I think we know. So who has supply side actually enriched. The middle which has shrunk? How about the disparity in income which increased beyond the gilded age disparity? Your story is not the complete story. Obviously.

 

Supply side has enriched everyone. Comparison of the real median household income clearly shows that.

The claim that the middle class is less well off and has shrunk is BS.

 

Already rebutted.

 

Didn't need to the tax rate cuts helped produce record revenues and revenue growth, 15%, and a paltry $161B total deficit by 2007.

 

Calling it BS does not jive with reality. Come on in, the water if fine. But people with your beliefs cannot swim. So you stay out.

Go and try to sell your own BS to all of those towns in america who are literally decaying, along with many of its working people. They got something for you. But you won't like it. So go and pee on their legs. And see the reaction.

 

When did I ever agree with you that economic demand is a word? I've been pointing out it isn't since the first time you used it, lol.

 

Tech boom then housing boom during those periods. We are not in any kind of a boom right now, hence the average growth of 3% or less.

 

no, it confirms that a tech boom followed by a housing boom produced economic growth. Supply side economics has been a demonstrable failure every single time it has been tried.

 

why do you post things you know aren't true?

 

Trump's tariffs have hurt South Carolina ports and the supply chain for SC manufacturing.

 

Too funny. Show me the reality with data. The real median household income tells the tale. And then show me how the command-control Obama/Progressive economy is superior to supply side. Trump understands the real problem and like Reagan is doing something about it. That's why he was elected.

 

How ??

 

Economic demand is a phrase which you have acknowledged as being funded by production.

 

Too funny.

 

I have studied economics in College and read numerous books over the years.... not that this matters since you have read books but can't seem to put a coherent argument together to save your life.

What part of " tax cuts and deregulation" do you not understand ? I explained exactly how corporations avoid paying taxes via this mechanism .. and you had zero response.

Now you speak as if I had never explained this to you. Either get some material or shut your trap.