The Soapbox

southdenverhoo

Joined: 10/11/2001 Posts: 13280
Likes: 17866


Hasn't your hypothesis been disproven multiple times, for the Reagan tax


cuts, the Bush tax cuts, and the Trump tax cuts, all of which failed to yield the predicted trickle-down effects, and had the not so salutary side effect of blowing up the deficit? Didn't the Clinton tax increases reduce the deficit, balance the budget at least temporarily, without the predicted chilling effect on the economy? Didn't the same thing happen w/r/t the Bush tax cuts during the Obama administration?

Given that the Trump tax cuts have not yet, and will now not be (now that the GOP controls the House through the 2024 election) rescinded, we don't yet have a THIRD proof of the fallacy of Laffer and Stockman's thesis, although they expire as set forth in the original bill in 2025, so perhaps a THIRD proof will be forthcoming.

(In response to this post by Los Angeles Hoo)

Posted: 02/08/2023 at 4:29PM



+1

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Current Thread:
 
  
Cut Medicaid, cut SS -- HoodatB 02/08/2023 12:03PM
  America’s life expectancy is declining -- WahooMatt05 02/08/2023 2:33PM
  Raising age limits should be a given because -- BKhoo 02/08/2023 4:47PM
  Counterpoint… -- tchoo 02/08/2023 5:49PM
  ^^^ incoherent outburst ** -- WaxHoo 02/08/2023 3:29PM
  I guess he doesn't like tobacco or weed. ** -- 81_Hokie 02/08/2023 4:21PM
  No ** -- TomKazanski 02/08/2023 3:01PM
  Look at above link Tom. ** -- HoodatB 02/08/2023 4:59PM
  Link? -- WaxHoo 02/08/2023 3:29PM
  Hear, hear ** -- WaxHoo 02/08/2023 1:34PM
  This! ** -- WaxHoo 02/08/2023 1:33PM
  Sure. You just do it by benefit amount. So someone -- BocaHoo91 02/08/2023 1:58PM
  I think there is a flaw in your logic... -- tchoo 02/08/2023 3:45PM
  It’s not a pyramid scheme because the -- BocaHoo91 02/08/2023 4:08PM
  Ok... -- tchoo 02/08/2023 4:37PM
  You can adjust as projections -- BocaHoo91 02/08/2023 5:10PM
  I'm OK with that --- -- Skeets 02/08/2023 1:48PM
  Or cutting taxes to reduce the deficit? ** -- 81_Hokie 02/08/2023 2:39PM
  Tax cuts should be pursued for three reasons… -- Los Angeles Hoo 02/08/2023 3:02PM
  You can’t prove or disprove the thesis… -- Los Angeles Hoo 02/08/2023 6:56PM
  Nope. -- DanTheFan 02/08/2023 12:32PM
  SS is a broad-based program that has worked. -- DanTheFan 02/08/2023 1:07PM
  I sort of disagree with that. -- hoolstoptheheels 02/08/2023 1:50PM
  This would be along the lines of my preferred solution. -- hoolstoptheheels 02/08/2023 1:52PM
  He didn't say for all ** -- psychobilly 02/08/2023 12:49PM
  Single payer. ** -- Seattle .Hoo 02/08/2023 12:54PM
  Or change the contribution amount. Agree SS -- 111Balz 02/08/2023 12:46PM
  Solutions are pretty simple:… -- Los Angeles Hoo 02/08/2023 12:31PM
  LOL. Of all your bad takes, that may be the dumbest. ** -- VAGentleman05 02/08/2023 10:13PM
  Bring back penury and poorhouses ** -- Hoo TV 02/08/2023 1:23PM
  Many can't go there, and many would rather die. ;) ** -- Seattle .Hoo 02/08/2023 1:36PM
  If you subsidize bad decision-making, you get more of it… -- Los Angeles Hoo 02/08/2023 1:22PM
  If I did care about others, the last thing I’d do is… -- Los Angeles Hoo 02/08/2023 2:13PM
  But you don’t, so it’s a hypothetical ** -- TomGlansAski 02/08/2023 2:28PM
  It’s also irrelevant. ** -- Los Angeles Hoo 02/08/2023 2:30PM
  No, not really ** -- TomGlansAski 02/08/2023 3:15PM
  I love snark as much as the next guy, but that… -- Los Angeles Hoo 02/08/2023 1:35PM
  The money is all fungible, and… -- Los Angeles Hoo 02/08/2023 2:26PM
  Whooosh ** -- TomGlansAski 02/08/2023 2:27PM
  Like I said. ** -- Los Angeles Hoo 02/08/2023 1:39PM
  Good post ** -- 111Balz 02/08/2023 1:10PM
  To the extent people support SS, it’s because they… -- Los Angeles Hoo 02/08/2023 1:09PM
  Wrong ** -- 111Balz 02/08/2023 1:12PM
  SS already does that. ** -- Seattle .Hoo 02/08/2023 1:39PM
  This. Raise the max cap. ** -- Seattle .Hoo 02/08/2023 12:55PM
  Agreed. Won't solve it all, but will help. ** -- HoosWillWin 02/08/2023 12:31PM

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