Re:The Economic Consequences of Major Tax Cuts for the Rich ...
by PaulDavisThe1st on Monday July 26, 2021 @02:56PM
(#27963675)
> the data does indeed show without question that freer societies are way better -- and it's just that simple.
This is just absurd. "Better" is not a metric.
By the metrics most widely used worldwide, the Scandavian countries are "better" than the US, while also being "less free".
You may disagree with the metrics for "better", and/or you might disagree with the metrics for "less free", but the core point is that these things are not simple.
Because the motivation of a lot of the people arguing for "raising taxes on the rich" is to indeed leave the curve altogether.
Will small increases or decreases in tax rates fundamentally alter GDP? I think obviously not.
But those attempting to make a data-based argument for introducing MMT or a UBI with significantly nationalized elements of the economy (healthcare, energy, etc.) are laughable, when the evidence is so overwhelming that these ideas lead to adverse outcomes in the long-term.
I'm not attempting to straw-man, just to cut the meat to what people are actually arguing about (which isn't a couple percentage points in a tax rate). And it's important to flip it and be honest...and say, no, the data does indeed show without question that freer societies are way better -- and it's just that simple.