AI
Sunday, November 01, 2009 3:43:10 AM
n48 .. and for the affect toward bubbles, or not ..
observant....the "wealthy" will be taxed, are being taxed, and no doubt will bear the brunt of any tax policy changes.
I guess we will just have to wait and see what the affect will be on productivity, capital formation, and ultimately tax receipts.
leading to more unemployment, upheaval and misery, or less.
GDP growth in the 30 years from 1950 to 1979, when income tax was >70%: $293.8B to $2,563.3B = 8.7x expansion, and no economic bubbles.
- GDP growth in the 30 years from 1980 to 2009, when income tax was lowered by Reagan and Bush(es): $2,789.5B to $14,240.2 = 5.1x expansion, with at least 3 banking related bubbles.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=43107131
observant....the "wealthy" will be taxed, are being taxed, and no doubt will bear the brunt of any tax policy changes.
I guess we will just have to wait and see what the affect will be on productivity, capital formation, and ultimately tax receipts.
leading to more unemployment, upheaval and misery, or less.
GDP growth in the 30 years from 1950 to 1979, when income tax was >70%: $293.8B to $2,563.3B = 8.7x expansion, and no economic bubbles.
- GDP growth in the 30 years from 1980 to 2009, when income tax was lowered by Reagan and Bush(es): $2,789.5B to $14,240.2 = 5.1x expansion, with at least 3 banking related bubbles.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=43107131
Jonathan Swift said, "May you live all the days of your life!"
Harvey Milk (i think) .. lol .. "Without hope life is not worth living. You gotta give them hope. You gotta give them hope."
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