First things first.
Like I said, you will get farther with American audiences if you don't use the snooty European approach like the following.
That scores points mainly with other Europeans. Those bumptious bumpkin Americans might point out some salient events in European history in return.
Ceteris paribus...ok repair to the internet...all other things being equal...well why didn't you say so? That is just the point, all other things won't be equal. Human nature decrees that all other things won't be equal.
No, income + tax rate does not equal revenues. 5 + 5% doesn't equal anything. It doesn't make any sense.
I get all that. Remember too that in the 70s we had stagflation. Then Reagan came along and Voila! We didn't.
Yes, being off by a year is a fatal flaw isn't it?
If the tax rate cut causes an increase in the GDP, you can have an increase in revenue while at the same time reducing the % of revenue to GDP. You spend revenue, not %. I figure that low tax revenue as a % of GDP is a good thing. More money in the pocket of them that made it.
Saying it don't make it so.
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