Re:Executives Play Down the Possibility of Raises
by bobwaycott on Wednesday May 30, 2018 @05:38PM
(#17192086)
Do you realize this period when top marginal rates began (and continued) dropping overlaps the period when economic growth began (and continued) dropping, as well?
It’s almost like dropping those top marginal rates did nothing to spur growth. I mean, it’s like one might actually have to entertain the idea that lowering taxation doesn’t actually lead to massive reinvestment of capital or wage and economic growth we’re promised every time it happens. Or perhaps—just maybe—economic growth isn’t something we can even realistically anticipate to obtain as a constant.
It’s almost like dropping those top marginal rates did nothing to spur growth. I mean, it’s like one might actually have to entertain the idea that lowering taxation doesn’t actually lead to massive reinvestment of capital or wage and economic growth we’re promised every time it happens. Or perhaps—just maybe—economic growth isn’t something we can even realistically anticipate to obtain as a constant.