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It’s also amazing how many people on Twitter clearly do not remember the 90s where we raised the top marginal rate and experienced an unprecedented run of econo
by shereadsthenews 8y ago
It’s also amazing how many people on Twitter clearly do not remember the 90s where we raised the top marginal rate and experienced an unprecedented run of economic expansion.
- jamesj1980 8y agoI remember the 90's. I think it takes a revisionist to say raising the top marginal rate was what caused the economic boom. I would guess the big drivers were low oil prices and that dot com thing.
- tivert 8y ago> I remember the 90's. I think it takes a revisionist to say raising the top marginal rate was what caused the economic boom. I would guess the big drivers were low oil prices and that dot com thing. But it doesn't take a revisionist to see that shows that raising the top marginal rate won't doom the economy, like many incorrectly claim.
- jamesj1980 8y agoNo, it takes a person given to speculation. I think it's disingenuous to use the dot com era as your example because of the shear magnitude of value that was being created during that time period.
- thatoneuser 8y agoThe 90s had a lot of factors that led to economic expansion. Do you have data/research that explicitly links tax rates to that expansion? The numbers don't seem to add up like that to me.
- bryanlarsen 8y agoThe OP didn't say the expansion was caused by the increase in marginal tax rates. The coincidence does falsify the argument that raising tax rates would prevent economic expansion.
- thatoneuser 8y agoIt doesn't falsify that at all.