Quote:
Originally Posted by GovernmentCheese";p="
Quote:
Originally Posted by Ixtellor";p="
Ixtellor
P.S. China has higher taxes, and higher GDP growth.
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Bermuda has a lower tax rate and a higher GDP.
Why not put that into your population escalation engine and smoke it. |
Are you saying that lowering taxes automatically raises GDP?
Truth-Liar is.
Lowering taxes, increases investment, which then trinkles down to consumption. What is in debate, is how much it helps. The dinosaur type supply siders, say it is large, the Keynesians and Bush's self appointed Supply Sider say it can decrease revenues. As a Keynesian, I acknowledge that it has an effect, but the Laffer Curve is best case dream world scenario IMHO. There is no such thing as a free lunch.
Ixtellor