"I helped create the GOP tax myth. Trump is wrong. Tax cuts don't equal growth."

same way you lose $1, by investing it badly. Investments can soak up $1 billion as easily as $1. Do you understand.

 

wrong, you were obvious enough when you said "you pay for food" thus creating a straw man or pretending someone disagreed with you about the obvious.

 

what you wrote was "its an error to say the wealthy cause growth" but when challenged 3 times about who actually causes growth, if not the wealthy, you failed to answer because liberalism is based in ignorance. Do you think that spells doom for our country?

 

You mean other than infrastructure for moving people, goods and services,

The evidence that tax policy has limited affect on growth is empirically demonstrated in history, as the article demonstrates. Conservatives, of course, will continue to blow the same discredited "tax cuts = stronger growth" horn, because it is the principle lie by which they can accomplish their number one priority, which is to further enrich the richest. Which we see in this thread.

Tax policy absolutely has a direct effect on tax revenues, however. Tax revenues grew slower than the economy after the Reagan and Bush tax cuts; but grew much faster than the economy following the Clinton tax increase.

 

Yes, more revenue for govt and less revenue for hard working taxpayers. Since taxpayers invent things with their money and monopolistic soviet bureaucratic liberal govt doesn't, growth comes from the private sector inventions thus govt must be as limited as possible for economic growth. The more libsoviet the govt the less the growth.

 

Depends.

Growth comes from greater demand for goods and services, regardless of the source.

 

actually if a cop stops someone from stealing your private property he is not further enriching you. He is helping you stay as rich as you are. Do you understand this?

 

Sure. But I didn't say anything about cops. Do you have anything that is relevant to my post?

 

You have learned this 21 times. You could sit in the Stone Age or any age for 1000 years demanding more and more but growth only happens when Republicans supply something new to buy. Shall we go for 22?

 

when cops or govt help you keep your private property they are not further enriching you. Now do you understand?

 

I learned it long ago and it is fact. What are you babbling about now?

 

You could sit in the Stone Age or any age for 1000 years demanding more and more but growth only happens when Republicans supply something new to buy. Growth comes from supply not demand. Shall we go for 22?

 

Depends on how you look at it. I'm certainly going to be richer if the thief didn't take all my money.

Did you have anything relevant to my post you wanted to say?

 

Silliness. You can offer all the stuff you want, but if people who will buy it don't have $$$, you won't sell it. Growth comes from demand, which creates the supply to meet that demand. No demand, no reason to increase supply.

 

wrong, you would be as rich as you were if nothing is stolen from you.

 

I disagree. You are a lot richer if you haven't lost everything.

 

you could have given the folks in the stone age a $1 million dollars a day to demand things but the economy does not grow until Republicans invent new things to buy. Shall we go for 23?

 

No, because with the $1m available, other folks would start making stuff that the guy with $1m wants.

OTOH, if there is no demand, why make it?

Businesses don't invest in more production if their is not going to be demand for it.

If that were not true, businesses wouldn't be sitting on $2 trillion in cash now. They be investing in increasing supply.

But we already have ample excess production capability.

 

wrong we don't say we are richer because people didn't steal from us. in your liberal goof world the govt and criminals enrich you but not stealing your private property/

 

You want to edit that?

 

dear, there is always huge demand for food clothing shelter etc. We sat in the stone age until Republicans invented things. You could have given each person $1 billion and it would have no effect unless Republicans invent things. Shall we go for 24?

do you honestly think that if God had printed 1 billion with which to demand things back in the stone age it would have caused the economy to sprint ahead to the 21 century??

 

Child, you're wrong. You are confusing want with ability to purchase. Are you going for 25?

 

everybody wanted or demanded everything in stone age. When republicans invented things they could afford or had ability to purchase, the economy moved ahead and only then did it move ahead. Printing money increases inflation not new inventions. In fact, printing money decreases growth because it churns the existing economy and thus discourages growth. Get it now?

 

Because you dodge the real issue. Its not tax cuts, its government spending. Spending is the root of the problem.

The idea that tax cuts spur the economy - and even Keynes wrote that was true - was promoted in an attempt to keep govt spending levels high. The govt would cut taxes, a measure that appeases the people and wins votes (pols are always looking out for themselves). Justifying a tax cut as a way to spur growth allowed the pols to continue deficit spending. Win-win for the politicians.

Tax cuts have to be paired with a cut in spending. A coin has 2 sides, you can't just look at one side.