View Poll Results: Can a nation tax its way to prosperity?

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  • Yes

    7 11.48%
  • No

    44 72.13%
  • Other

    10 16.39%
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Thread: Can A Nation Tax Itself Into Prosperity?

  1. #41
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    Re: Can A Nation Tax Itself Into Prosperity?

    Quote Originally Posted by CanadaJohn View Post
    Wise man, that Winston Churchill - too bad they don't make Churchillian politicians these days.
    Pick up a history book dude. Churchill was good against Nazis but would be a terrible politician today.

    I do not understand the squeamishness about the use of gas. I am strongly in favour of using poisonous gas against uncivilised tribes.
    Writing as president of the Air Council, 1919

    It is alarming and nauseating to see Mr Gandhi, a seditious Middle Temple lawyer, now posing as a fakir of a type well known in the east, striding half naked up the steps of the viceregal palace, while he is still organising and conducting a campaign of civil disobedience, to parlay on equal terms with the representative of the Emperor-King.
    Commenting on Gandhi's meeting with the Viceroy of India, 1931

  2. #42
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    Re: Can A Nation Tax Itself Into Prosperity?

    Quote Originally Posted by Neomalthusian View Post
    This suggests tax levels are causal of economic activity.
    Read my post that you replied to. That is what it is about.

    Quote Originally Posted by Neomalthusian View Post
    Also, what taxes?
    Pretty much all taxes have been higher at some point in the past or another.

  3. #43
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    Re: Can A Nation Tax Itself Into Prosperity?

    Quote Originally Posted by tuhaybey View Post
    Pretty much all taxes have been higher at some point in the past or another.
    And lower.

  4. #44
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    Re: Can A Nation Tax Itself Into Prosperity?

    Quote Originally Posted by scatt View Post
    And lower.
    Yep. And the economy has tended to grow faster when they've been higher. Not because taxes themselves are good for the economy, because if you're below the optimal level, then the benefits of the spending the facilitate outweigh the economic harm the taxes themselves do.

  5. #45
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    Re: Can A Nation Tax Itself Into Prosperity?

    Quote Originally Posted by tuhaybey View Post
    Yep. And the economy has tended to grow faster when they've been higher.
    The fastest US growth rate was before the income tax.

  6. #46
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    Re: Can A Nation Tax Itself Into Prosperity?

    Quote Originally Posted by tuhaybey View Post
    Read my post that you replied to. That is what it is about.
    Tax rates do not create economic activity.

    Pretty much all taxes have been higher at some point in the past or another.
    You're dodging. You're softly suggesting tax rates cause economic expansions or contractions. If you don't mean to suggest that, say so. If you do, support the assertion.
    "The knowledge and prudence of the poor themselves, are absolutely the only means by which any general and permanent improvement in their condition can be effected." - Thomas Malthus

  7. #47
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    Re: Can A Nation Tax Itself Into Prosperity?

    Quote Originally Posted by Neomalthusian View Post
    Tax rates do not create economic activity.
    Well, if you would like to have a debate with me in which you defend that position, the first step would be to read my post and see if you have a counter argument.

  8. #48
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    Re: Can A Nation Tax Itself Into Prosperity?

    Quote Originally Posted by scatt View Post
    The fastest US growth rate was before the income tax.
    No, not even close. The fastest growth, by far, was during FDR's presidency when, for example, the top income tax bracket's rate was over 90%.

  9. #49
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    Re: Can A Nation Tax Itself Into Prosperity?

    Quote Originally Posted by Einzige View Post
    No, of course not. But the idea that an incompetent buffoon like Winston Churchill is a valid argument against Keynesian economics is hilarious.
    You must think very highly of yourself. Nobody else does, but you must.

  10. #50
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    Re: Can A Nation Tax Itself Into Prosperity?

    Quote Originally Posted by tuhaybey View Post
    Well, if you would like to have a debate with me in which you defend that position, the first step would be to read my post and see if you have a counter argument.
    I read your post. You made an indirect suggestion that tax rates cause economic activity and then veered off in a different direction about anti-trust regulation.
    "The knowledge and prudence of the poor themselves, are absolutely the only means by which any general and permanent improvement in their condition can be effected." - Thomas Malthus

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