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Except it didn't. GDP grew faster in the fifties, with a 90% "millionaire's tax", than it did in the eighties, as top marginal rates were being cut to their lo
by dreish 18y ago
Except it didn't. GDP grew faster in the fifties, with a 90% "millionaire's tax", than it did in the eighties, as top marginal rates were being cut to their lowest levels.
Numbers from here:
http://www.economagic.com/em-cgi/data.exe/var/rgdp-qtrchg http://www.economagic.com/em-cgi/data.exe/var/rgdp-qtrchg
But this is something I noticed around 16 years ago.
- Spyckie 18y agoThanks, finally someone is pointing to real data rather than just waiving a magic wand in the air.