The Way We Were vs The Way We Are

[likeabird03]

Anyone who says raising taxes will hurt the economy is ignoring the 50s and the 90s.

Ask those RWers that want to go back to the "good old days" of the 50s, if they would like that 90% tax rate on the wealthy.

In the 50's we were the only name in the game, there was no outsourcing, no china, no NAFTA. The Nineties was a bubble, and even at that time our tax rates weren't very high when compared to the rest of the western world.

 

[editec]

Anyone who says raising taxes will hurt the economy is ignoring the 50s and the 90s.

Your theory above presumes that the economy reacts the same way to every policy regardless of the state of the economy at that time.

That is a seriously confused POV about how economies work, Sea.

Economies react differently to the same policy depending on the state of the economy at the time.

To every economic policy there is a season.

In my opinion, and the opinion of many economists (many of whom are Kynesians) NOW is NOT the time to raise taxes.

 

[JakeStarkey]

And many economists disagree with you.