Subject:
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Re: Supply-Side Economics? The Evidence Says No!
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Newsgroups:
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lugnet.off-topic.debate
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Date:
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Mon, 16 Oct 2006 17:13:29 GMT
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Viewed:
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2104 times
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In lugnet.off-topic.debate, Dave Schuler wrote:
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Read about it
here in Scientific American.
It’s been clear since at least the time of Reagan’s disastrous administration
that this reward-the-wealthy approach wasn’t the societal boon that it was
advertised to be, but now we have scientific evidence. Interesting!
Incidentally, for those reading from the sidelines, I give this post an 8 out
of ten for derisiveness but just 6 out of 10 for snarkiness. I should really
work on sharpening my rhetoric.
Dave!
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While I suspect the conclusions of the study are correct it seems like a highly
flawed study from that write-up. For one thing calling Australia a low tax
country is a little odd considering that the top rate was about 50% until very
recently. For another thing essentially they are comparing one set of related
cultures (multicultural Anglo-saxon) with another (monocultural Nordic) which
hardly removes other possible causes for the differences.
That said, I have seen little evidence 1 to suggest that the predominantly
laissez-faire approach (such as in the US) is innately better at creating wealth
than a more socially balanced system and given the choice between two equal
options I would rather a system determined by merit than parental income.
Tim
1 I know someone will come back with the GDP per capita of the USA but I will
tell that person to look at the GDP per manhour instead. The US is only richer
becuase the people work longer.
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Message has 1 Reply:
Message is in Reply To:
 | | Supply-Side Economics? The Evidence Says No!
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| Read about it (URL) in Scientific American. It's been clear since at least the time of Reagan's disastrous administration that this reward-the-wealthy approach wasn't the societal boon that it was advertised to be, but now we have scientific (...) (18 years ago, 16-Oct-06, to lugnet.off-topic.debate, FTX)
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