Re:A majority of Americans support raising the top tax rate ...
by shereadsthenews on Wednesday January 16, 2019 @03:33PM
(#18924834)
It’s also amazing how many people on Twitter clearly do not remember the 90s where we raised the top marginal rate and experienced an unprecedented run of economic expansion.
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Re:A majority of Americans support raising the top tax rate ...
by jamesj1980 on Wednesday January 16, 2019 @03:56PM
(#18925095)
I remember the 90's. I think it takes a revisionist to say raising the top marginal rate was what caused the economic boom. I would guess the big drivers were low oil prices and that dot com thing.
Re:A majority of Americans support raising the top tax rate ...
by tivert on Wednesday January 16, 2019 @04:42PM
(#18925648)
> I remember the 90's. I think it takes a revisionist to say raising the top marginal rate was what caused the economic boom. I would guess the big drivers were low oil prices and that dot com thing.
But it doesn't take a revisionist to see that shows that raising the top marginal rate won't doom the economy, like many incorrectly claim.
Re:A majority of Americans support raising the top tax rate ...
by jamesj1980 on Wednesday January 16, 2019 @06:52PM
(#18926864)
No, it takes a person given to speculation. I think it's disingenuous to use the dot com era as your example because of the shear magnitude of value that was being created during that time period.
Re:A majority of Americans support raising the top tax rate ...
by thatoneuser on Wednesday January 16, 2019 @04:13PM
(#18925323)
The 90s had a lot of factors that led to economic expansion. Do you have data/research that explicitly links tax rates to that expansion? The numbers don't seem to add up like that to me.
Re:A majority of Americans support raising the top tax rate ...
by bryanlarsen on Wednesday January 16, 2019 @04:36PM
(#18925574)
The OP didn't say the expansion was caused by the increase in marginal tax rates.
The coincidence does falsify the argument that raising tax rates would prevent economic expansion.
Re:A majority of Americans support raising the top tax rate ...
by thatoneuser on Wednesday January 16, 2019 @06:47PM
(#18926826)
It doesn't falsify that at all.