Comments on: The Goatee of the Overeager Left http://willwilkinson.net/flybottle/2008/07/11/the-goatee-of-the-overeager-left/ The Sweet Release of Reason Thu, 09 Feb 2012 18:11:50 +0000 hourly 1 By: mk http://willwilkinson.net/flybottle/2008/07/11/the-goatee-of-the-overeager-left/#comment-16244 mk Mon, 14 Jul 2008 03:17:57 +0000 http://www.willwilkinson.net/flybottle/?p=1538#comment-16244 But if we agree that we can raise the <i>growth rate</i> by some delta by lowering taxes, doesn't it straightforwardly follow that all tax cuts ultimately pay for themselves?<br><br>The argument is simple math; it may be wrong for some reason but I don't see how. But if we agree that we can raise the growth rate by some delta by lowering taxes, doesn't it straightforwardly follow that all tax cuts ultimately pay for themselves?

The argument is simple math; it may be wrong for some reason but I don't see how.

]]> By: Jason Armstrong http://willwilkinson.net/flybottle/2008/07/11/the-goatee-of-the-overeager-left/#comment-16245 Jason Armstrong Mon, 14 Jul 2008 03:00:34 +0000 http://www.willwilkinson.net/flybottle/?p=1538#comment-16245 I agree with Pithlord. The phrase "supply side economics" has become taboo, and its use distracts otherwise reasonable people from giving your arguments a fair shake. We should abandon the term, but continue to honor the credible ideas associated with it. I agree with Pithlord. The phrase “supply side economics” has become taboo, and its use distracts otherwise reasonable people from giving your arguments a fair shake. We should abandon the term, but continue to honor the credible ideas associated with it.

]]> By: Pithlord http://willwilkinson.net/flybottle/2008/07/11/the-goatee-of-the-overeager-left/#comment-16246 Pithlord Sun, 13 Jul 2008 22:19:26 +0000 http://www.willwilkinson.net/flybottle/?p=1538#comment-16246 Dynamic scoring is pretty mainstream now, so if "supply side economics" just means that tax rate increases do not result in proportional increases in revenue, no one economically literate denies it. Nor would anyone disagree that there must be some peak to the Laffer curve -- at some point increasing tax rates decreases revenue. Unfortunately, "supply side" is irreversibly associated with the idea that the contemporary US is at that point, so that tax cuts pay for themselves. So there's no tradeoff between taxes and expenditures -- just party like it's 1999. Cheney's "Reagan proved deficits don't matter" comes to mind. That's what people mean by "supply side economics" and it really is discredited. Dynamic scoring is pretty mainstream now, so if “supply side economics” just means that tax rate increases do not result in proportional increases in revenue, no one economically literate denies it. Nor would anyone disagree that there must be some peak to the Laffer curve — at some point increasing tax rates decreases revenue. Unfortunately, “supply side” is irreversibly associated with the idea that the contemporary US is at that point, so that tax cuts pay for themselves. So there's no tradeoff between taxes and expenditures — just party like it's 1999. Cheney's “Reagan proved deficits don't matter” comes to mind. That's what people mean by “supply side economics” and it really is discredited.

]]> By: Micha Ghertner http://willwilkinson.net/flybottle/2008/07/11/the-goatee-of-the-overeager-left/#comment-16247 Micha Ghertner Sun, 13 Jul 2008 22:10:41 +0000 http://www.willwilkinson.net/flybottle/?p=1538#comment-16247 <blockquote>He started amnesty for illegals.</blockquote><br><br>Wait, you consider this a bad thing? What a fucking hypocrite you are, muirgeo. Your professed concern for income inequality is a complete joke now that you have admitted you really only care about people lucky enough to be born in America.<br><br>And for the record, you still have not done your <a href="http://www.willwilkinson.net/flybottle/2008/06/30/if-the-world-cooperates-jeffrey-sachs-esoteric-doctrine-of-impending-doom/#disqus_thread" rel="nofollow">econ homework</a>, muirgeo. Until you understand what Hayek means by central planning, you have no room to talk about anything resembling the subject.

He started amnesty for illegals.

Wait, you consider this a bad thing? What a fucking hypocrite you are, muirgeo. Your professed concern for income inequality is a complete joke now that you have admitted you really only care about people lucky enough to be born in America.

And for the record, you still have not done your econ homework, muirgeo. Until you understand what Hayek means by central planning, you have no room to talk about anything resembling the subject.

]]> By: mk http://willwilkinson.net/flybottle/2008/07/11/the-goatee-of-the-overeager-left/#comment-16243 mk Sun, 13 Jul 2008 20:17:57 +0000 http://www.willwilkinson.net/flybottle/?p=1538#comment-16243 But if we agree that we can raise the <i>growth rate</i> by some delta by lowering taxes, doesn't it straightforwardly follow that all tax cuts ultimately pay for themselves?<br><br>The argument is simple math; it may be wrong for some reason but I don't see how. But if we agree that we can raise the growth rate by some delta by lowering taxes, doesn't it straightforwardly follow that all tax cuts ultimately pay for themselves?

The argument is simple math; it may be wrong for some reason but I don't see how.

]]> By: Jason Armstrong http://willwilkinson.net/flybottle/2008/07/11/the-goatee-of-the-overeager-left/#comment-16242 Jason Armstrong Sun, 13 Jul 2008 20:00:34 +0000 http://www.willwilkinson.net/flybottle/?p=1538#comment-16242 I agree with Pithlord. The phrase "supply side economics" has become taboo, and its use distracts otherwise reasonable people from giving your arguments a fair shake. We should abandon the term, but continue to honor the credible ideas associated with it. I agree with Pithlord. The phrase “supply side economics” has become taboo, and its use distracts otherwise reasonable people from giving your arguments a fair shake. We should abandon the term, but continue to honor the credible ideas associated with it.

]]> By: Pithlord http://willwilkinson.net/flybottle/2008/07/11/the-goatee-of-the-overeager-left/#comment-16241 Pithlord Sun, 13 Jul 2008 15:19:26 +0000 http://www.willwilkinson.net/flybottle/?p=1538#comment-16241 Dynamic scoring is pretty mainstream now, so if "supply side economics" just means that tax rate increases do not result in proportional increases in revenue, no one economically literate denies it. Nor would anyone disagree that there must be some peak to the Laffer curve -- at some point increasing tax rates decreases revenue. Unfortunately, "supply side" is irreversibly associated with the idea that the contemporary US is at that point, so that tax cuts pay for themselves. So there's no tradeoff between taxes and expenditures -- just party like it's 1999. Cheney's "Reagan proved deficits don't matter" comes to mind. That's what people mean by "supply side economics" and it really is discredited. Dynamic scoring is pretty mainstream now, so if “supply side economics” just means that tax rate increases do not result in proportional increases in revenue, no one economically literate denies it. Nor would anyone disagree that there must be some peak to the Laffer curve — at some point increasing tax rates decreases revenue. Unfortunately, “supply side” is irreversibly associated with the idea that the contemporary US is at that point, so that tax cuts pay for themselves. So there's no tradeoff between taxes and expenditures — just party like it's 1999. Cheney's “Reagan proved deficits don't matter” comes to mind. That's what people mean by “supply side economics” and it really is discredited.

]]> By: Micha Ghertner http://willwilkinson.net/flybottle/2008/07/11/the-goatee-of-the-overeager-left/#comment-16240 Micha Ghertner Sun, 13 Jul 2008 15:10:41 +0000 http://www.willwilkinson.net/flybottle/?p=1538#comment-16240 <blockquote>He started amnesty for illegals.</blockquote><br><br>Wait, you consider this a bad thing? What a fucking hypocrite you are, muirgeo. Your professed concern for income inequality is a complete joke now that you have admitted you really only care about people lucky enough to be born in America.<br><br>And for the record, you still have not done your <a href="http://www.willwilkinson.net/flybottle/2008/06/30/if-the-world-cooperates-jeffrey-sachs-esoteric-doctrine-of-impending-doom/#disqus_thread" rel="nofollow">econ homework</a>, muirgeo. Until you understand what Hayek means by central planning, you have no room to talk about anything resembling the subject.

He started amnesty for illegals.

Wait, you consider this a bad thing? What a fucking hypocrite you are, muirgeo. Your professed concern for income inequality is a complete joke now that you have admitted you really only care about people lucky enough to be born in America.

And for the record, you still have not done your econ homework, muirgeo. Until you understand what Hayek means by central planning, you have no room to talk about anything resembling the subject.

]]> By: muirgeo http://willwilkinson.net/flybottle/2008/07/11/the-goatee-of-the-overeager-left/#comment-16239 muirgeo Sun, 13 Jul 2008 12:30:56 +0000 http://www.willwilkinson.net/flybottle/?p=1538#comment-16239 Wilson,<br><br> Productivity increased 70% and individual and family work hours went up significantly to compensate. <br><br><a href="http://www.stateofworkingamerica.org/tabfig/01/SWA06_Fig1E.jpg" rel="nofollow">http://www.stateofworkingamerica.org/tabfig/01/...</a><br><br><a href="http://www.hartford-hwp.com/archives/26/077.html" rel="nofollow">http://www.hartford-hwp.com/archives/26/077.html</a><br><br><br>And Reagan, yeah he was a disaster. And a criminal selling arms illegally to the Iranians. And he massively/ regressively increased social security taxes. He started amnesty for illegals. He set us back on the path to oil dependency. The economy we are seeing now is pretty much the long term results of his vodoo economics. <br><br><a href="http://zfacts.com/p/318.html" rel="nofollow">http://zfacts.com/p/318.html</a> Wilson,

Productivity increased 70% and individual and family work hours went up significantly to compensate.

http://www.stateofworkingamerica.org/tabfig/01/…

http://www.hartford-hwp.com/archives/26/077.html

And Reagan, yeah he was a disaster. And a criminal selling arms illegally to the Iranians. And he massively/ regressively increased social security taxes. He started amnesty for illegals. He set us back on the path to oil dependency. The economy we are seeing now is pretty much the long term results of his vodoo economics.

http://zfacts.com/p/318.html

]]> By: The Goatee of the Overeager Left | businessuu http://willwilkinson.net/flybottle/2008/07/11/the-goatee-of-the-overeager-left/#comment-16231 The Goatee of the Overeager Left | businessuu Sun, 13 Jul 2008 08:46:23 +0000 http://www.willwilkinson.net/flybottle/?p=1538#comment-16231 [...] [Read original] Tags: Best Friend, Bookmark Script, Bookmark Services, Correspondents, Debate, Economist, Empirical Evidence, Goatee, Heretic, Income Tax Rates, Income Taxes, Labour Supply, Link Icons, Marginal Tax Rates, Mouse Click, Public Bookmark, Supply Side Economics, Tax Cut, Temptation, Web Page Related posts [...] [...] [Read original] Tags: Best Friend, Bookmark Script, Bookmark Services, Correspondents, Debate, Economist, Empirical Evidence, Goatee, Heretic, Income Tax Rates, Income Taxes, Labour Supply, Link Icons, Marginal Tax Rates, Mouse Click, Public Bookmark, Supply Side Economics, Tax Cut, Temptation, Web Page Related posts [...]

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