2 ms·
Where do the Woodhill Curve figures come from? The article just asserts them as facts, without indicating how they were derived.
by mooism2 16y ago
Where do the Woodhill Curve figures come from? The article just asserts them as facts, without indicating how they were derived.
- btilly 16y agoHe argues that tax cuts create permanent compounding growth in the economy. With even a small addition to the growth rates, the eventual tax returns eventually will pay for the loss of the taxes (even counting compounding interest on the debt accrued due to loss of the tax). Of course the effects he's talking about are very small, nobody knows how to measure them (they are basically rounding errors in a "what if" projection), and any attempts to quantify them are open to argument. So basically anyone who doesn't like taxes will like the idea, and anyone who doubts the benefits of that will be entirely unconvinced.