A few months ago, I ran a regression analysis on the relationship between top marginal tax rates and GDP growth in normalized dollars for the last 100 years and found only a week relationship between tax cuts and either same year or 1-year or 5-year offset growth. The findings seemed to indicate either no relationship or a small inverse relationship. I am quite certain that top rate marginal tax cuts do not help and probably hurt economic growth in the aggregate. They do strongly relate to wealth distribution and the inequality of that distribution. Neither of these observations are all that controversial.
A few months ago, I ran a regression analysis on the relationship between top marginal tax rates and GDP growth in normalized dollars for the last 100 years and found only a week relationship between tax cuts and either same year or 1-year or 5-year offset growth. The findings seemed to indicate either no relationship or a small inverse relationship. I am quite certain that top rate marginal tax cuts do not help and probably hurt economic growth in the aggregate. They do strongly relate to wealth distribution and the inequality of that distribution. Neither of these observations are all that controversial.
I don't disagree with your premise (I might, but haven't given enough thought tbh), but I do think that you need to structure your numbers as a % of GDP. Having nominal figures does not tell us much...
I don't disagree with your premise (I might, but haven't given enough thought tbh), but I do think that you need to structure your numbers as a % of GDP. Having nominal figures does not tell us much...