Quote:
Originally Posted by kane
I think the numbers kind of speak for themselves.
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Yes, they do.
As does his core argument, which is, we've had low tax collections for most of the last 30 years.
But, underemployment and unemployment have been steady or rising all that time.
If lower taxes caused jobs, why have the jobs not risen in number and quality during the past years of lowered tax collections?
The only times jobs increased in significant numbers were caused by (a) artificial bubble economies like the housing bubble and the tech bubble and the tech, and (b), military spending, which is all tax money.
Note that I call it lowered tax collections - as I have argued before, if you lower tax collectiosn and borrow the money to make up the difference, which we did, you have actually raised taxes, becaus ethe borrowed money has to be paid back with interest.