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masburyfollowshare
1-15-2008 6:29 PM399 views
masbury says:
Compares top rates since WWII, amount of revenue generate by them, and GDP during each period. No trickle-down appears.
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1-16-2008 12:46 PM
kmcolo
Especially now, we are in a global investment glut, giving the wealthy more money will not help underwrite the next expansion. The tax on the top 1% should increase and the (real) taxes for the bottom 75% should go down. That would help the economy.
1-17-2008 12:23 PM
BobbyRutan
There is an economics formula known as "The Multiplier Effect". The multiplier effect refers to the fact that an increase in consumer spending produces a multiplied increase in the level of economic spending (economic activity).

Multiplier = 1/(1 - MPC) x Change in Spending.
(1 - MPC) is the percentage of a tax cut that a person would save.
Let's say middle and lower class save 10% of a tax cut and spend the rest (they probably save even less). Rich people save almost all of their tax cut because their income is far greater than their expenses. Let's say the save 80% of their tax cut (probably save even more). Now give a 50 billion tax cut to each group.

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