TheTrueConservative: Higher tax rates and economic growth
Intriguing! After the post just prior to this, Do lower taxes on the top 1% boost economy?, a comment appeared from Steve Roth at TheTrueConservative. He offers an outlook unusual on the web. Go check it out. Here’s a sample of his work, comparing taxes to changes in gross domestic product of nations:
. . . there’s not a shred of evidence that taxes in the range of 30–50% of GDP are the catastrophe that American anti-taxers assert.In fact, since all of these stable, prosperous, successful countries tax in the range of 25–50% GDP, the strongest evidence we see here is that taxes (or actually, expenditures) in that range are necessary to that prosperity. [emphasis mine]
C’mon, “economic conservatives” – let’s face the facts: modern conservatism’s anti-tax passion is the emperor’s new clothes. Has it made <i>you</i> more prosperous? Of course not.
Let’s question the shibboleths that keep us apart, and get on with building a better society.
Tags: conservative, liberal, tax cut, economic+conservatives, progressive, Obama, tax and spend, Romney, true+conservatism, Republican, McCain, independents, taxes, GDP, economic+growth, big+government, , Monte Asbury