tax cuts for wealthy dont stimulate the economy:study

Discussion in 'Politics' started by Truthmatters, Sep 17, 2012.

  1. Truthmatters
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    Which tax cuts stimulate the economy? | Tax Break



    “Almost all of the stimulative effect of tax cuts,” Zidar found, “results from tax cuts for the bottom 90 percent. A one percent of GDP tax cut for the bottom 90 percent results in 2.7 percentage points of GDP growth over a two-year period. The corresponding estimate for the top 10 percent is 0.13 percentage points and is insignificant statistically.”
     
  2. buckeye45_73
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    buckeye45_73 Lakhota's my *****

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  3. Old Rocks
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    From the nations experiance, 2001 to present, I would have to say that the tax cuts on the very wealthy have actually been counterproductive in terms of the economy.

    We really need to go back to the Clinton tax schedule for all those making less than one million, and add an additional 5% for those making more than one million annually. And then spend the increase wisely. Reduce the deficit, and start upgrading our infrastructure.
     
  4. Old Rocks
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    Old Rocks Diamond Member

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    Kind of like you assholes are allergic to the truth.
     
  5. CrusaderFrank
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    CrusaderFrank Diamond Member

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    "Owen M. Zidar, a graduate economics student at the University of California at Berkeley, and a former staff economist on the White House Council of Economic Advisers for President Obama..."

    With his background and stellar track record, who can argue against him?
     
  6. Truthmatters
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    idiot.

    the right hates sceince remember?
     
  7. Seawytch
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    Seawytch Information isnt Advocacy

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    There's a study right from the annals of "No Shit Sherlock". Those of us not in the top 1% of income earners have known that for 30+ years now.

    [​IMG]

    [​IMG]
     
  8. buckeye45_73
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    buckeye45_73 Lakhota's my *****

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    nope, we have pseudo science, which is science involving studies, that aint the same as physics and chemistry, which we like. Liberals love to make studies show what they want them too.
     
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  9. Truthmatters
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    this is what these idiots do.

    they talk trash about Any sceince they dont like and even talk trash about education and educated people.

    like santorum saying they will never have the smart people on their side.


    They hate teachers and higher education.


    the party of the stupid, by the stupid and for the stupid
     
  10. ba1614
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    ba1614 Silver Member

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    But raising taxes on them will make the economy soar won't it? lol
     

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