There’s No There There: Low Tax Rates and Economic Growth – http://papers.ssrn.com/sol3/papers.cfm?abstract_id=2029585
Another paper over the transom today on tax cuts. This one is by Filip Spagnoli, a statistician at the National Bank of Belgium.
Low tax rates do not cause economic growth! Filip did what I couldn’t. He showed the long term data. And his graph looks just like mine did for employment. Here’s his graph.
Grover Norquist is wrong. He’s not just a little wrong. Grover Norquist is completely wrong. If you want a good economy, raise taxes on the top tier.
If you want a bad economy that has few opportunities – cut taxes on the rich.
Yeah, the rich like being the biggest, baddest baboons on the block.
Yeah, the rich like to have all the stuff they can manage and they want to keep it.
Baboons do that too. But it isn’t what makes a strong nation, a healthy economy or high employment.
And to John Lott – This goes for you too. You are just a propagandist for lies. Your rotten little book is an appalling exercise in academic lying. And it’s not even a very good one. Only fools would get taken in by that junk.